pete 2,499 Posted July 17, 2012 Share Posted July 17, 2012 Newco Rangers chief executive Charles Green has revealed he will ask UEFA for help in reducing the club's debts. The Ibrox club have been placed into Division Three for the upcoming season after their application for the Scottish Premier League was rejected, with Dundee invited to take the final spot in the top flight. The club owes around £3million to European member clubs and Green has told Sky Sports News that he is going to hold a meeting with UEFA in Zurich to see if that figure can somehow be reduced. "There are oldco debts to certain European clubs and it's not inconsiderable, it's about £3m," Green said. "It's been accumulated as part of the historical baggage. They're oldco debts that newco has got to face up to. Frustration "This is the frustration that we have had as a group where, at times we're newco so we have to sit in this particular box, however when it's convenient we're still oldco and we have to suffer the sins of the fathers. "I want to say to these clubs and UEFA we're here for the long haul - we want to be honourable and we are people who face up to responsibilities - but we'd like some help in meeting these debts. "We don't want them to be waived or expect them to be waived...(but) I'd like for clubs and UEFA to recognise these are not my debts. This is a gesture and (we'd like them) to work with us so we can amicably agree a settlement." Green also revealed that before his Zurich meeting he is flying to Athens to try to organise a fund-raising friendly with Olympiakos. Olympiakos now there is a money spinner. 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted July 17, 2012 Share Posted July 17, 2012 I still don't get how we're supposed to pay footballing debts while other clubs pick up our players for free. Where is the justice in that? I realise about employment law but that is still a facile argument as football compensation breaks employment law so why are we liable? Footballers are a special case and while I agree they should not be forced to move to the newco, it seems to me that their registrations should at least lapse to the SFA and UEFA and when they move there should be a tribunal that sets a reasonable fee for the transfer. That money can then be used to pay off footballing debts. We seem to be continual victims of a lack of sporting and financial integrity. There is also the weird bit where there is an outcry about our debts so what do they do to us to help us pay them - relegate us three divisions, fine us, remove our TV and sponsorship deals and handicap us in terms of competing... Just where is the logic? 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted July 17, 2012 Share Posted July 17, 2012 Dont get why we would pay old debts. I think Green is playing a blinder here. He is going to UEFA and getting them onside to help him against the SFA, well played. 0 Quote Link to post Share on other sites More sharing options...
Waltersgotstyle 297 Posted July 17, 2012 Share Posted July 17, 2012 I am really starting to like Green, think he is the man we need to actually become a streamlined healthy club. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted July 17, 2012 Share Posted July 17, 2012 Dont get why we would pay old debts. by offering to pay (something), it puts us in a good light!!! 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted July 17, 2012 Share Posted July 17, 2012 we pay them because if we don't we won't ever be in Europe again. just pay up Charles. 0 Quote Link to post Share on other sites More sharing options...
gisabeer 409 Posted July 17, 2012 Share Posted July 17, 2012 The Scottish government sponsor the Scottish cup. They are condoning regans actions by doing so 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted July 17, 2012 Share Posted July 17, 2012 by offering to pay (something), it puts us in a good light!!! Ha did you read the rest of my post? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,066 Posted July 17, 2012 Share Posted July 17, 2012 From one of the few posters that's worth reading on the RTC corsica says: 17/07/2012 at 1:13 pm 34 0 Rate This Now, as I have stated previously, stalking someone is highly illegal in France and Monaco so I have absolutely no idea how someone can tell me that our hero CW boarded a plane this morning at 10.40 to Zurich (LX563). Maybe he has a business meeting there? Maybe itâ??s just a wild guess? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted July 17, 2012 Share Posted July 17, 2012 From one of the few posters that's worth reading on the RTC did you see someone bought 10% of us for a million today? interesting to note we've had 13 or 14 million of investment in a company only valued at 10. 0 Quote Link to post Share on other sites More sharing options...
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