No fixed penalty for newco clubs - SPL

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The Scottish Premier League have backed off from imposing a fixed penalty on Rangers if the Ibrox club remain in the SPL as a newco.

All 12 SPL clubs met at Hampden to consider a number of different financial fair play proposals, one of which pertains directly to Charles Green's Rangers, who are trying to come out of administration via a Company Voluntary Agreement (CVA) but who will use the newco route if that is unsuccessful.

A proposal would have seen clubs who undergo an "insolvency transfer" docked 10 points for two seasons and lose 75% of their income for three years. However, after a resolution was passed which means the decision on admitting a newco club, formerly taken by the SPL board, would be made by all clubs, the SPL's Neil Doncaster stated the fixed penalty was "not appropriate."

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