Newco Rangers faces further sanctions

glasgow-rangers.jpg
Newco Rangers face further sanctions despite agreement on signing cap

Scottish news: Newco Rangers faces further sanctions

by Amy Lenathen and Laura Latre

In four days, an agreement will be reached which will determine the future of Newco Rangers.

Rangers faces further punishment, despite agreeing to accept a 12-month embargo on officials signing players aged 18 or over. The latest development revolves around the possibility of the club being stripped of its title and, potentially derailing the company’s hopes of a place in the Scottish Football Association (SFA).

The Govan club’s manager Ally McCoist responded to this latest threat by saying he would “never accept” stripping the club of titles.

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“The decision has already been taken to place Rangers in Division 3 and we have accepted that, along with many more punishments,” said McCoist. “It is important to remember we have already had a 10-point deduction from the SPL, lost our Champions League place for finishing second last season, had a £160,000 fine, been refused entry to the SPL, been relegated to Division 3 and lost the majority of our first team squad. Yet still the governing body has chosen to impose further sanctions."

With complications already hindering an agreement, this has had a direct effect on the Scottish Football League (SFL) in regards to their media rights.

It is reported that broadcasters are apprehensive about signing up to an SPL deal without games being held in the Ibrox stadium. The SPL Chief Executive Neil Doncaster said the SFL was likely to lose the annual settlement fee of £2 million that has been in place since 1999, when the premier league was formed from the top performing SFL clubs.

Before Rangers play the first match of the season against Brechin this weekend, a five-way agreement must be reached between the SFA, SPL, SFL, old Rangers and new Rangers before any deal is sanctioned.

Today, a spokesman for Rangers revealed the club was being assisted by football agent Paul Stretford. This is likely to prove controversial after Stretford was publicly banned in 2008 and faced several legal disputes relating to how he obtained the right to represent Manchester United and England striker Wayne Rooney.

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published this page in News 2012-07-23 13:49:00 +0100