Duff & Phelps have revealed that both the SFA and UEFA have rejected licence applications for Rangers.
Before the 31 March deadline for both organisations the Ibrox administrators submitted applications to allow the club to continue playing.
With no published audited accounts since 30 June 2010 the licence applications were rejected by both bodies.
Since making the applications Rangers have begun the process of liquidation with Sevco applying for SFA membership.
According to the blog of the highly respected Alex Thomson of Channel 4 News the SFA are treating the Sevco application as a transfer of membership rather than a new application.
Having rejected the licence application of Rangers it seems highly unlikely that the SFA could then issue Sevco with membership without three years of audited accounts.
The information is revealed in a document issued by Duff & Phelps to Rangers creditors.
It reveals: “As noted in the Proposals, the Club submitted a licence application to the SFA for both national and UEFA licences prior to the 31 March 2012 deadline.
“However both licence applications were refused by the licensing committee of the SFA due principally to the fact that because of the Companys insolvency it could not complete its annual, audited accounts for the year to 30 June 2011.
“In addition, in breach of UEFA licensing regulations, the Company had overdue sums due to other football clubs and overdue PAYE/NIC amounts, which had arisen as a consequence of the Company’s insolvent position.
“Due to the Administration, it was not possible for the Company to satisfy these outstanding
matters in order to obtain the licences, however the failure to receive a national licence had no practical effect on the Club’s playing activities for the remainder of the season.
“The failure to obtain a UEFA licence for the following season did however impact upon the level of interest from prospective purchasers.”
SFL clubs will meet at Hampden on Friday to discuss Sevco’s application to join the SFL however it’s unclear whether any vote will be taken.
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Actual quote from Turnbull Hutton ““The best suggestion I had was that all the SFL clubs should send their mascots. Our Roary Rover and Sammy the Tammy from Dunfermline should go up arm in arm up the stairs at Hampden. It would be a fine pantomime finale for what has turned out to be a pantomime all through.”
Old Turnbull is fast becoming a legend, a SCOTTISH FOOTBALL LEGEND. Can you imagine what a set-up we could have in Scotland if guys like him and some of the other honourable and honest club chairs had the power in our game. It would be equivalent to football’s ‘Pentecost’ moment with tongues of fire and all. I would rig voting to get these people in and the blundering blazers out – well maybe not.
H H
So if the SFA are treating Sevco’s application as a transfer of membership, then surely Sevco must be liable for the debts and crimes of the Oldco.
They can’t have it both ways: keeping their tainted titles and bodyswerving £100m of debt. Surely, FIFA and HMRC would be obliged to stomp on the SFA and Sevco if they tried to pull that off.
Recalling that the Defunct Club that was Rangers FC went to court and asked for a Judicial Review of the SFA decision to ban the transfer of players, then any Scottish citizen may want to, with the help of legal aid, go to the courts and ask for a Judicial Revue of Sevco’s team being allowed into Division 1.
The SFA have to apply the rules and deny the new team that is being establed by Sevco 5088 entry without the 3 years accounts.
Aiding and abieting criminal activity “re” tax avoidance and asset laundering is still an offence in scottish law is’nt it. Or have i missed new snp legislation.