Celtic Diary Friday August 4: New Winger On Radar. Weered here is what the sadly missed Paul Mc. Conville made of it on his blog. RIP big fella. Compare and Contrast – Administration for Dunfermline ’1. Rangers ’1. 2 + A Quick Solution? Dunfermline Athletic Football Club Limited has entered administration.

Facing a winding- up petition from HMRC, and unable to pay the taxman what was demanded, the only way to keep the business afloat was to appoint an administrator and to hope that the breathing space this gives the company will be enough to allow the season to be finished, and then for the necessary asset sale or CVA to take place to preserve the existence of the football club. As I mention at the end of this piece, there is one theoretical possibility which could provide a quick exit from administration, with bounty for the creditors (and if it did happen, undoubtedly a busy summer of blogging on my favourite issues of law and football!)The man picked to be administrator is Bryan Jackson. As well as being a top quality Chartered Accountant and Insolvency Practitioner, he now has the accolade of having run more Scottish football teams than anyone else in the country’s football history (and if not then I have no idea who could surpass him). As his biography on the PKF website states: -Bryan has 3. Corporate Recovery experience dealing with all types of businesses including the successful conclusion of the administration of four Scottish football clubs: Clyde, Clydebank, Dundee and Motherwell. He was also appointed administrator of Portsmouth FC in 2.

East End Park. Bryan Jackson entering East End Park. Bryan Jackson entering East End Park. I like the phrasing of the “blurb” on the PKF website. It says that he “successfully concluded” the administration of four clubs (and it should be noted that PKF refer to administration of “clubs” and not of “holding companies”). Whilst Dundee, Motherwell and Clyde still exist, one could be forgiven for wondering how he “successfully concluded” the administration of Clydebank. If one views his job as keeping the football team playing, then he failed.

However if his job is, as indeed it is, to get the best return for creditors, then the sale of the assets of Clydebank FC to Airdrie United Football Club Ltd to allow the “new Airdrie” to take over the shell of the Bankies, amounted to a “successful conclusion”. Already, having only been appointed this week, Mr Jackson has taken drastic action.

Eight players from the main squad have been made redundant, and three from the under- 2. Jim Jeffries has seen a number of his players and his assistant manager leave already. Jim Jeffries has seen a number of his players and his assistant manager leave already. As Mr Jackson explained: “Making players redundant is never easy but, unfortunately, it needs to be done immediately. The finances of the club and the limited cash flow mean that there is insufficient funds to keep the team going with the current player numbers.“I have still to negotiate with a few players and we will have to review the financial position in the coming weeks. We need the fans and wider community to support this club to ensure that it makes it to the end of the season.

In case you’ve somehow managed to avoid the growing hype, on August 21, a solar eclipse will pass over the United States. And to protect your eyesight when staring. I’ll be playing Dishonored: Death of the Outsider, which we started today on Kotaku’s Facebook page. (Spoilers: guys get mad when you jump on them. AC Milan can bite my banger There’s probably an equal amount of veracity in both accounts. Get French Football News seems to know a little more, and even that is.

We will be honouring season tickets and pre- paid hospitality but would encourage fans to show their support where they can.”The immediate cutting of jobs is a common thread amongst all of the football teams where Mr Jackson has had the responsibility of effecting some form of rescue. Indeed the assistant manager, Gerry Mc. Cabe, has joined the list of redundancies. Mr Jackson has told the Pars Supporters Trust that there is no money available for him to pay day- to- day costs, including salaries. The supporters are therefore encouraged to do whatever they can to raise finds to allow the team, at the very least, to make it to the end of the season. Gavin Masterton, and his company, is the main creditor as well as being the main shareholder. If it was only the debt owed to him that was at issue, then the company would not be in administration.

However as well as HMRC it is likely that there are other creditors figuratively, if not literally, banging on the door for cash. Gavin Masterton (left) and John Yorkston celebrate a happier day at Dunfermline. Gavin Masterton (left) and John Yorkston celebrate a happier day at Dunfermline. To save the company Mr Masterton will need to accept loss of his control of the football club and also, in all probability, loss of most, if not all, of the money owed to him.

This episode shows in stark relief how different the administration of Rangers was, and offers, in the contrasts, apparent evidence as to the differing priorities in each administration. Dunfermline’s position is quite clear. There is no money in the bank account, nor any prospect of raising sufficient to keep the team playing.

All that Mr Jackson can look to do (as he has done successfully at Motherwell, Clyde and Dundee) is to slash the cost base and depend on the goodwill of the supporters to pay enough to provide wages to the remaining players and coaching staff. Getting to the end of the season is the priority and, at that stage, there will be a few weeks’ breathing space, even if every player is made redundant, to reach some sort of deal with creditors and to have Dunfermline back playing in Scottish football, out of administration. In addition, come the end of the season, there will be prize money due to the club which might help. There would also be the chance of time to reach a deal with Mr Masterton. After all, at Motherwell, John Boyle, the owner, effectively wrote off his existing shareholding and debt due to himself to save the team.

Of course readers will recall that when Duff and Phelps took over at Rangers last February, they behaved differently. Regular Show Season 1 Episode 11. They did not make anyone redundant immediately. In fact I recall that, of the few hundred employees, only five left – two players, including the marvellously named Mr Cellik, and two senior people, including Director of Football, Gordon Smith. The final departee was Misha Sher, the recently appointed Head of Global Domination, or a similar title.

Hong Kong War Diary. Hong Kongs second world war experience, as it is researched and documented today.

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Indeed, not only did the administrators not wield the axe, but they actually tried to get the football authorities to agree to them signing Daniel Cousin! When Rangers entered administration, there were changes to staffing proposed too – they wanted to ADD Daniel Cousin! When Rangers entered administration, there were changes to staffing proposed too – they wanted to ADD Daniel Cousin! It is true that the administrators at Ibrox were successful in persuading many players to take substantial pay cuts to get the team to the end of the season (and I am sure some of those players, when electing to exercise their rights not to transfer to Sevco’s employment felt a bit aggrieved for being called “turncoats” and worse). But there were two factors which explain how the Rangers administration was different from that of Dunfermline (and of Dundee, Clyde, Motherwell, Gretna etc etc). The first was that, bizarrely, the administrators repeatedly said that their aim was to keep the club afloat. They talked about acting in the interests of the club.

It became a running joke how often they said that and how rarely they mentioned the interests of the creditors.