Unconvincing Doncaster explains SPL vote delay
A vote on key resolutions involving administration and liquidation was delayed for a week as the crisis at Rangers rumbles on.
With six weeks till next seasons fixtures are published, and with the relegation issue still open, the SPL clubs were unable to vote on the issues that would restore sporting integrity to the game.
“These aren’t rules that are simply going to affect one club; they could potentially affect all 12 clubs,” Doncaster told Radio Scotland. “Scottish football is in a very sensitive position. Passions are running high.
“And the right thing to do is let some of the heat come out of the situation; let clarity emerge from Ibrox over the next few days and, in that context, potentially get round the table again next Monday.
“What’s important is that we have a full set of financial fair play rules to ensure there’s a motivation to live within your means.
“Given how fast moving the (Rangers) situation is, the view was that the best thing to do at the moment, rather than rush through rules that may have unintended consequences, is to have a further period of reflection and a further discussion of those rules.”
Doncaster added: “Clubs can shed a huge amount of debt already. Clubs can theoretically shed £100m of debt, agree a CVA at a penny in the pound and come back in with all that debt shed. Clubs can do that now within the rules.
“Oddly enough you might end up with more money going to creditors through the newco route than through a CVA.”
There are still no signs of any resolution to the position at Rangers with two highly conditional bids on the table for the club.
Administrators Duff and Phelps are unlikely to be able to keep the club in business beyond this month with players restored to full pay on June 1 with no income coming into the club and no renewal letters sent out to season ticket holders.
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