Can anyone comment on this?

[biggordy 0]

"Newco" own players contracts !

http://www.fansnetwork.co.uk/football/southampton/fb_news.php?storyid=17467

[the gunslinger 3,366]

its true. we knew it was the case.

 

but you can't forcibly sell a player like a slave. at least that's what they will argue.

[TheWeeBlueDevil 0]

Rangers Administrators Sold Players Contracts To The Newco

Wed 11th Jul 2012 15:41

The twist to whether Steven Davis is elegible to sign for Saints took another twist today when the administrators for the old Rangers stating they sold the players contracts to new owner Charles Green.

 

 

Just what that will mean to Saints purchase of Steven Davis at the moment is uncertain and it could be a legal wrangle that will be solved quickly or it could run and run, certainly the administrators of the old Rangers Duff & Phelps are satisfied that they sold the contracts to the newco under TUPE regulations which protect employee terms and conditions when parts of a business are sold to another company and if this is the case then Saints could have a legal battle on their hands, or at least would have to negotiate with Rangers newco over a transfer fee for Davis.

 

The big question though is how this issue is written into the contract, I would imagine there is some sort of break clause in as its highly possible that Saints negotiated wages and signing on fees etc based on the fact they were getting the player on a free, if they now had to pay a substancial fee for Davis would they feel that signing the player would be a good deal, that is the question we will soon find out.

 

Certainly new owner Charles Green and Duff & Phelps seem confident in their legal position and indeed Green sent out letters to football clubs across the UK warning them of the legal position.

 

Perhaps the strangest stance is that of the PFA, they have advised their members at Rangers not to transfer to the newco, strange because normally they would be fighting tooth and nail in these situations for their members rights to have their contracts paid in full when clubs change hands as in the situation at Portsmouth, its seems thet the PFA likes to run with the foxes and hunt with the hounds and is not afraid to offer its members conflicting advice when it suits them

 

Why would the PFA give members conflicting advice, what would they gain by players walking out and not joining the newco?

Edited July 11, 2012 by TheWeeBlueDevil

[foggy dewhurst 0]

sounds like people traffiking police should be brought in to investigate .

[54andcounting 0]

STV Sport are saying Green paid 2.5M for the players contracts, and 1.5M for Ibrox Stadium & Auchenhowie.

[Guest Bluepeter9]

If the players in question had NOT been easily able to find new clubs - would they have stayed and expected paid - if NewCo had said they did NOT want them would the PFA have demended their wages. I suspect so ! ?

[GovanAllan 0]

If the players in question had NOT been easily able to find new clubs - would they have stayed and expected paid - if NewCo had said they did NOT want them would the PFA have demended their wages. I suspect so ! ?

It would appear they want their cake and eat it.

[Guest Bluenose80]

It would appear they want their cake and eat it.

 

That appears to be the in thing at the moment. Probably would have claimed it was for sporting integrity reasons too.

[no12 0]

I think it's easy to miss the point here. The relevant laws are for the protection of employees rights - to make sure workers can't just be cast aside if a company goes bust and transfers assets to a newco. If we think of players as employees it all makes sense.

Edited July 11, 2012 by no12