SPL vote change boosts Rangers

Tue, 08 May 08:01:09 2012

The prospects of Rangers being allowed to remain in the Clydesdale Bank Premier League as a 'newco' appear to be stronger after the Scottish Premier League revealed they are to change the voting structure on that issue.

The Ibrox club's administrators Duff and Phelps were on Monday granted an adjournment to the SPL's vote on financial fair play sanctions until May 30.

New rules would see greater penalties for clubs in administration and clubs who undergo an "insolvency transfer", which would see them docked 10 points for two seasons and 75% of their SPL income for three years.

The vote was previously adjourned for seven days during which time USA businessman Bill Miller assumed preferred bidder status from the administrators.

Miller plans to move Rangers' assets, including their share in the SPL, players and premises, to a 'newco' whilst the debts of the existing business are dealt with by Duff and Phelps, with the hope that the two companies are merged at a future date.

However, perhaps the most significant thing to emerge from the meeting, at which Rangers were not represented, was that a rule change will see all the clubs vote on whether or not a Rangers newco is allowed into the SPL.

Under current rules, an application for transfer of share to a newco would be ruled upon by the SPL board, which comprises Doncaster, chairman Ralph Topping, Celtic director Eric Riley, Dundee United chairman Stephen Thompson, St Johnstone chairman Steve Brown and Motherwell director Derek Weir.

With an 8-4 voting system being put in place, it would need five dissenting clubs to deny entry to a Rangers newco - an unlikely scenario despite the bad feeling towards the Ibrox club in some quarters.

Doncaster said: "What the clubs have agreed to is that any decision on the transfer of share to a newco should go before clubs rather than the board.

"I think there is a real recognition, particularly from the club representatives on the board, that it puts them in a very difficult situation. So the unanimous view of the 11 clubs who were represented in person today was that the right thing to do was let the clubs make that decision."


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