Charles Green and his initial backers have achieved a remarkable result with what is already evident in their prospectus. Page 66 notes: “In the period to 31 August 2012, a total of 25,340,000 shares were issued for a total consideration of £7,719,000”, issued at approximately 30.4p per share. At a price of 70p per share these shares would be worth £17.738m, a cool £10m profit.
Since that August date Green has enjoyed something of a windfall. Page 83 notes, “The contractual right to an option over 10 per cent. of the enlarged ordinary share capital of RFCL was exercised by Charles Green on 31 October 2012 by a partial exercise notice pursuant to which 5,000,000 ordinary shares of 1p each in RFCL were issued to Charles Green on 31 October 2012.”
That’s 5m shares, worth 70p each, which is a stunning £3.5m to add to the above £10m!
Have you heard how great the CQN Annual is? You can order online here, not many posting days left before Christmas!
Next month a raft of new bodies will have notifiable shareholdings, specifically: Hargreave Hale, Artemis Investment Management, Cazenove Capital Management, Legal & General Investment and Insight Investment Management, all of whom will seek returns for their money.
2012 was the year Rangers were liquidated. It was also the year the assets were snatched from the grasp of an array of Rangers fans by people who saw an opportunity.
2013 will bring an SPL Commission and Upper Tier Tribunal issues for oldco but the consequences of these share issues will determine the performance of newco for decades to come. I think you and me should keep quiet about this. Let Charlie carry on and do what he needs to do over the coming weeks.
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right SMQUC thanks for that,puts a few minds at ease.
HH
they think they’re so clever and classless and free when they’re still copulating peasants as as far as I can see
Sort of sums up quite a few nonentities with nothing to contribute but conformity and lock tugging compliance
Murdochbhoy..,
Yer 9 days too early
Morning CQNer’s
ernie lynch
____________
Just in case yer still aboot…..I left school at the same time as Peter Pan :o)
HH
Well, we’re going to give the Arbroath supporters a good night tonight.
They’ll even be happy when we gub their team. That’s the joy we bring.
Well, at least I hope we do.
Let Arsene’s Arsenal be a warning to us all.
No one can say they didn’t care whether they won or not last night. They were totally gutted to go out.
However, I expect The Bhoys will not be such dilettantes and they will get the job done.
Andrew67
_________
In case yer still aboot……..I think yer right aboot the huns never properly being – exterminated….this – masonic/orange/anti-Irish/catholic/celtic – country will ensure that, the huns will be right in our faces as we are and always will be seen as THE biggest threat to their master-race mentality imo.
HH
Morning all. Cold and dark here in North Ayrshire.
I gather we are seeing the first fruits of Traynor being put into effect in the Herald. I stopped reading that rag about 2 years ago. The internet bampots are winning hands down. Let the MSM die.
The msm is destroying itself.
And the bbc? ” Nation shall speak truth unto nation. “? They is ‘avin a lahrf.
Incredibly biased nonsense being traipsed out daily and rammed at us. It’s a wonder we can see through it all.
I suppose that is because the level of propaganda has reached such a ridiculous level that not even the perpetrators of it can issue it with straight faces.
miki67
08:21 on 12 December, 2012
______________________
Hear, hear M8.
Might I also add…there is a worrying amount of Celtic fans who think that we’ve got a big and, sufficient squad to get us through the season ?
Well….where where they in the 1st game against Arbroath ?
We, imo, have far too many players who will NEVER be Celtic players !
Far toooooo much of fans money being drained from the club.
Get savvy with the recruitment procedures ie: Recruit an Alan Sugar type who will make EVERY penny work for the club. Ok…not Sir Alan but, sumdy with a more analytical eye on – recruitment and development.
Now before the whips come out….I know Sir Alan is a failed – Computer type of guy as sumdy couldny wait to point out to me before …..maybe Neil’s already ahead of the game with the appointment of the McGuinness guy ?
You would think that….as Hugh Adams pointed out years ago – the financial heavyweights on the bored etc….would see the amount of wages being picked up at the club without a ball being kicked ?
Not looking for a fight….just trying to shed a light an a not much talked about area of the club. I know that John Park has found a few diamonds on the beach but – that has to be balanced when you consider all of the idle employees who are taking a fair chunk of Neils budget. Well….ye would think so.
But…lets wait and see how the cards fall…..
HH
Offski !
CQN blog-breakers – CSC
laters…
Morning,all.
Re the share issue ,nothing we can say or do is gonna change things. We can warn them in advance,laugh at them when it goes titsup,even commiserate with them when the bailiffs come-a-knocking. But we ain’t gonna stop it.
The MSM as usual have closed their eyes and ears to Rangers riding roughshod over common decency,be it towards the rest of Scottish football,creditors,their fans,it’s all fair game to keep the fairytale alive.
All we have to do is concentrate on our own issues,which are success on the field,and success off it. Planning for the medium-to-long-term is vital. We can start with Neil and his backroom staff,sign them up,and continue with our most important players.
But ensuring that the Celtic fans buy into this-NOT in the same way as the huns are being roped in-is most important of all. Unity would be a good starting point.
I know January is being touted for Tony Stokes return but, having seen the latest video on the Club’s official YouTube channel, I’m wondering. He was brought into the squad’s photo call on a golf cart and still had to use crutches to get to his seat.
Charles Green referred to the tax tribunal ‘having come out in OUR favour’.
Is he assuming liability here?
Ernie..,
Any idea when the appeal decision is due, do you expect the FTTT panel to make the decision on the last day
Morning bhoys from a frosty hun free mountain.
Rascar Capac
From last night, it’s no anger, it’s sheer frustration, seeing the game I love being destroyed, and seeing the club I love being dragged down with it, and the seemingly lack of action to stop it.
…………………………………………………………………………….
KevJ
You are so, so right about the amount of money being drained out of the club, you would think that a trouble shooter could go in for a week or so and see where things could be managed better.
Years ago when I worked offshore, I spent a lot of time on the Forties field, and spent most of my time doing nothing, I would work on average 1 day in 10, so had pleanty of time on my hands.
I noticed that BP were wasting on average 8k a day moving containers about the field, myself and another bloke reckoned we could save them easily 5k a day, so we went to BP with a proposal, they didn’t want to know, they didn’t even ask us how we proposed to save them the money.
Not that it’s anything like a football club, but there are well over 200 wages a week going out of the club, not advocating making people redundant, but putting the 200 wages to better use.
Especially the wages the suits are taking out.
Catch-22, one of the funniest and most biting works of Satire that ever graced the page.
The character of MIlo Minderbender was based on a very real wartime phenomenon, playing both sides off each other with only one goal, that of profit, uncaring of who got hurt or why.
When questioned, ol’ Milo would always say -“Everybody gets a share”.
Yossarian, the anti-hero hero finally demanded something more concrete than mere words. He wanted his share there and then!
Milo, after some prevarication and supposed arm-twisting, eventually relented.
He solemnly handed Yossarian a piece of paper.
There written were the words – “A share”.
Thank God such scandalous practices are consigned to the past!
TET,
Just reading back.
The Shamrock disappeared when the FLC was incorporated into the club’s logo.
During the reign of Fergus, I believe.
I’m sure it is not the Shamrock that you gaze upon at the bottom of your pool.
Still having trouble sending e-mails.
thomthethim
I never knew that, or didn’t remember, and you are right, it’s no the Shamrock.
I won’t change it, but might just add a few around the sides of the pool :>)
Hotmail seems to have sorted things, they mailed me saying my problems were their end, so hopefully things will be ok till the next time.
Scottish Cup Record v Arbroath
25/01/1902 AWAY W 3-2 Campbell, Orr, McMahon 6,000
08/02/1913 HOME W 4-0 Johnstone 2, Gallacher, Brown 12,000
16/02/1929 HOME W 4-1 McGrory 4 7,000
01/02/1930 HOME W 5-0 McGrory 2, R Thomson, A Thomson, Scarff 6,500
28/01/1967 HOME W 4-0 Murdoch (13), Gemmell (19), Chalmers (33), Auld (80) 31,000
01/12/2012 HOME D 1-1 OG (36) 15,000
P 6 W 5 D 1 L 0 F 21 A 4
Stokes took part in his second full training session yesterday mate and is looking set for a return in 5-6 weeks time.
Here’s a pick from yesterday’s training session – http://www.snspix.com/8256754/print/8256754.html
HH
/Bishop B
TET,
Cheers,
I share your despair on the state of the game.
I can understand Celtic’s position in that they have to keep the club in business, but I find it extremely difficult to reconcile that with playing in a corrupt,crooked environment.
I can feel myself slowly disengaging with the game.
Thereis not the will within football authorities to run the game fairly or equitably.
Silver City
Regards A Stokes
That photo shoot was taken some months ago.
The trees in full bloom would suggest to me it was taken at, or near the start if the season.
Sorry my last post was for Silver City 1888@09:21
HH
/Bishop B
Just watched Chuckles from Scotland Tonight on the STV Player. I suspect I’m in a minority of one, but with the exception of the title stripping threats at the end (which The Rangers fans will love) I thought he gave a credible performance.
Happy Saint Marshalls Day
The patron saint of Sound Engineers
12 12 12
play
Asked this question a few days ago..
Given we have a few quid in the bank, what would you do..
Sign a £4m player
Take £100 off every season ticket and fill the stadium
All opinions Welcome.
Ps. You can’t do both.
…..” I thought he gave a credible performance.”
>>>>
Aye. As conmen go, he’s got some moxie.
Re Stokes IMO Neil should have dealt with it behind closed doors without any further comment.Our enemies are many.
Stringer
Given some of our high profile signings over the last few years I would opt for a reduction in season ticket prices.
Bada bing
You beat me to it.Lenny has to learn to be more wise with the media,a simple ,we deal with all players internally.
stringer bell take £100 of and fill the stadium mate for me. Can anyone tell me why we stopped selling the half season tickets as I know of a few family and friends that were trying to buy these for this season with the view to taking the full one next season.
HH
Re stokes IMO he should’ve known better. the real IRA are an enemy to the people of ireland – catholic & protestant!
I’m also in the camp that says reduce season tickets. Alo make walk up tickets cheaper.
Be nice to give a wee bit back to the fans.
Many fans are looking at the thick end of a grand to attend home games. If Celtic can reduce this, they should. Especially as Eton continues to run (ruin) our country.
More than a club.
Anyone seen sydney Tim since we beat Barca btw:-)
Silence
The MSM is the enemy of Celtic,don’t give them the oxygen to attack us.players problems should be treated internally.
Made the mistake of clicking on Leggo’s latest gin soaked ramble. Wish I hadn’t. Nothing worse than a dangerous, gin addled, paranoid bigot.
Re Anto Stokes.
Leggo’s last couple of blogs have gone strong against AS, but the one today is shocking, someone from the club should do something about him, he is dangerous.
HS
Ha, he is a good laugh sometimes, but the one today is not one of those.
yes, i agree but, the club should never have been put in such a position in the first place.
can you imagine the uproar on here if it were allan mcgregor or any of the ra*gers players showing the same level of support for a terrorist organization in i.e andy goram.