With the SPFL bailing out of their request for an independent review of the tax cheating years there is some confusion around about the way forward into serial governance failures at the SFA and SPFL.
A full Judicial Review would be the best solution which would be conducted outside of the vested interests of Hampden.
When he rejected the request for an independent review Regan revealed that an in-house review would be carried out into the 2011 UEFA licence granted to Rangers IL which has been under question from a group of Celtic shareholders with the issue known as Resolution 12.
Picking up on these strands respected poster Auldheid provided an update on the issues on Celtic Quick News.
He stated: â€œThere were THREE separate avenues open that have now been reduced to TWO.
â€œThe one gone is an enquiry in which both SFA and SPFL would have participated to look at how both handled the fallout of Rangers use of ebts. The SFA will not play ball because they know that they would come out of such a review so badly the SFA could not survive in its present form.
â€œA Judicial Review is NOTHING to do with Celtic officially. They might want it but they will not finance it because they are members of the organisations that would be under scrutiny and are bound by SFA and SPFL rules not to shit in their own nest. That finance has come from supporters who have the money and will to fund a JR.
â€œIt is paying for the exploratory work done so far to establish if there is a case, how it might be brought and possible outcomes.
â€œIf those three ducks are in a positive row the case will cost mega bucks and will require crowd funding. So itâ€™s a wait and see but those involved in the exploration have been making positive noises.
â€œNumber THREE (now TWO) is good ol Res12 which is shorthand for investigating the granting and monitoring of the UEFA Licence by the SFA in 2011.
â€œFor 4 years the SFA have been stalling on a proper investigation but have been forced by the power of the evidence with which they were presented as a result of the work of the Res12ers, to admit something was rotten in the state of Hampden.
â€œRes12ers have serious reservations about the conduct of any SFA led enquiry for obvious reasons: SFA were party to the process, have known for some time where the bodies lie but done SFA, made public statements at odds with the truth, have misled journalists via their Head of Communication ( E Tims should have more to report tomorrow on that) and the Compliance Officer in post is the chap who failed to deal appropriately with information supplied from 2014.
â€œIf the SFA or indeed Celtic let this investigation proceed solely under the SFA umbrella then Regan has won and Peter Lawwell has lost.
â€œThere will be more detail into next week on why an SFA only investigation is unacceptable but as matters stand it is vital all Celtic supporters in the know and shareholders get behind PL and let him know they want him to ensure this UEFA licence investigation answers all the questions about how RFC were able to lie to obtain a licence whilst the SFA stood by and watched, then tried to cover up after Sherriff Officers made it public something was wrong when they called to collect an overdue payable that SFA decided wasnâ€™t.
â€œAn investigation must also cover Reganâ€™s part in the delay from when Res12 was first tabled in Nov 2013 to recent announcement of the investigation.
â€œHe is either negligent, incompetent or complicit and a JR can use what emerges from a proper investigation into the UEFA licence if a JR does proceed.â€�
It is believed that the review of the 2011 licence has been prompted by UEFA interest into the 2017 licence issued to the tribute act despite multiple breaches of Financial Fair Play rules.
UEFA licences are awarded on a self certification basis by national football associations.