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SBD Global/June 15, 2012/Franchises
Charles Green Has Purchased the SPL Rangers For $8.6M, But Questions Linger
Published June 15, 2012
PLAYER'S FUTURE: Meanwhile, HERALD SCOTLAND's Hugh Macdonald reported that Green and Rangers administrators Duff & Phelps "have insisted players' contracts would switch to a newco" in the event of the club being liquidated. Professional Footballers Association Scotland, employment lawyers and sources at FIFA "rejected this claim." Under Protection of Employment regulations in '06, contracts can be switched to a newco but this "must be done under existing terms." Employment Lawyer Paul McQuade said, "If a player decides to object to the transfer, there is no breach of contract on his part. By exercising this statutory right to object under the [Protection of Employment] regulations, he is not dismissed and neither is he entitled to any statutory or contractual compensation on account of the termination of the contract" (HERALD SCOTLAND, 6/14). The SCOTTISH SUN's Gareth Law reported that Rangers players "are fed up being kept in the dark with a newco set to replace the liquidated club." Employment laws "could allow them to quit for free, yet doubt remains over who would hold their registration." The Scottish Football Association has failed to "shed any light on the question of whether or not a Rangers newco will still retain the players’ registrations." The SFA have written FIFA for clarification (THE SCOTTISH SUN, 6/14).
MEDIA RAMIFICATIONS: In Glasgow, the DAILY RECORD's Mark McGivern reported that Sky TV is "poised to tear up" their £110M ($171M) deal to screen Scottish football if the Rangers are moved to the Third Division. The broadcasting company agreed to their five-year deal with the SPL on the basis of four "money-spinning Old Firm clashes a year." Sources said that without those audience-grabbing games, Sky will have "no commercial reason to stay in Scotland." A Sky insider said, “Three years without Rangers, while Rangers climbed from the Third Division to the Second, then the First and then the SPL, would blow the whole deal out of the water." The Sky deal, which also involves ESPN, is worth £16M ($24.8M) a year to the SPL, plus at least another £6M ($9.3M) a year from shirt sponsorships and pitchside adverts. This "would collapse without TV cameras at games" (DAILY RECORD, 6/14).