johnnyk 158 Posted July 12, 2012 Share Posted July 12, 2012 EWING GRAHAME, Scotsman. Published on Thursday 12 July 2012 00:06 THE SPL have issued placement money to each club for last season â?? with the exception of soon-to-be-liquidated Rangers. Ally McCoistâ??s side finished second, which would have guaranteed them a cash sum of £900,000, but it has emerged that Charles Greenâ??s Sevco Scotland Ltd will be lucky to see £25,000 of that sum. The ruling bodyâ??s financial year ends in May but certain payments, such as the Uefa Solidarity money, wonâ??t arrive until late August or early September. While the 11 other clubs have already received payments, Rangersâ?? money has been frozen by the SPL and they will ensure that it will be used to pay member clubs who are owed money by the fallen Glasgow giants. The largest chunk will go to Hearts, who are due £800,000 from the £1.5m sale of Lee Wallace and that balance is due later this month, at which point the Edinburgh club will be recompensed. Celtic are also due £40,337 but have yet to make a claim for it to the SPL. Dundee United are owed more than £30,000 and itâ??s believed that they have applied to the Hampden bosses to have that money diverted into their account. As soon as Rangers were forced into administration in February, the SPL Board decided that they would hold on to Rangersâ?? money in order to settle their domestic football debts. Theyâ??re able to do that due to the offset rule in their constitution, which allows them to withhold prize money if a club defaults on payments to other members. 0 Quote Link to post Share on other sites More sharing options...
Craigy1881 79 Posted July 12, 2012 Share Posted July 12, 2012 No complaints with that was this not mentioned months ago? Were Hearts not left off the creditors list? 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted July 12, 2012 Share Posted July 12, 2012 One less thing to beat us with.... 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted July 12, 2012 Share Posted July 12, 2012 no surprise there. never going to get away with not paying our football debts. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted July 12, 2012 Share Posted July 12, 2012 No complaints with that was this not mentioned months ago? Were Hearts not left off the creditors list? no they were on it. tbk removed them from their bid as they recognised they would have to be paid. 0 Quote Link to post Share on other sites More sharing options...
stewarty 1,877 Posted July 12, 2012 Share Posted July 12, 2012 One question: is this legal? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted July 12, 2012 Share Posted July 12, 2012 One question: is this legal? in one word yes. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted July 12, 2012 Share Posted July 12, 2012 No complaints with that was this not mentioned months ago? Were Hearts not left off the creditors list? no they were on it. tbk removed them from their bid as they recognised they would have to be paid. Hearts were on the earlier lists of creditors produced by Duff & Phelps, but left off of the more recent ones. 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted July 12, 2012 Share Posted July 12, 2012 So why have we been continually beaten about not paying football debts? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted July 12, 2012 Share Posted July 12, 2012 it should also be pointed out this is oldco money and as such is being taken from ticketus and hmrc not rangers. 0 Quote Link to post Share on other sites More sharing options...
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