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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Gordy64,
They’ve already tried to lambast hector for wasting taxpayers money with their unjustified vendetta :oD))))
For me, the Jabba and (if true) King transfers boil down to money, in that both will be seen to aid the selling of media from Rangers to press outlets – e.g. lots more Rangers ‘exclusives’ from the Record.
Just got a text from the club offering me two complimentary tickets for St Mirren or Ross County
Canamalar- I listened to that recording from 1966 quite recently. It is still in very good condition. Not interested in making any money from it , I only want it to be saved for future generations to enjoy. If Gordon tunes in later he will clarify but I think the commentator was David Francie. It really does capture the wonderful atmosphere at Celtic Park that day. Lots of goals, great names on the park and 5 Celtic goals against them. I need to get my act together and get that copy made.
Whilst I am on the subject I met a couple at Old Trafford when we played Man U ( the Giggs diving penalty night ). I had been their altar boy when they married around 1960 or so. They had also travelled to Lisbon in the plane my Dad had chartered on behalf of the Sarsfield Celtic ( Brake ) Supporters Club in the Gorbals. Unknown to me they had purchased a new movie camera with super 8mm colour film and first used it at the game in Lisbon. They proudly advised me that night that they had film of me, my Dad and my brothers all standing on the 18 yard line watching Billy display the European Cup. Obviously that film is something that too should find it’s way into any Celtic museum. I intended following through to see who might convert the film to disc but I have since heard that the couple are now out of their Toryglen flat and into sheltered accomodation. My collective family need to make an effort to reach them and source that film because, if it still exists, it will contain unseen shots from the most memorable day in the history of Celtic. Feels like a New Year Resolution coming on.( Jim- if you are reading this I will be in Glasgow just after Christmas so we should make a real effort on this ).
Every time Charles Green opens his mouth he increases tension and puts people at risk of abuse. This time it’s Aluko, Lafferty and Ness.
It’s not really amusing any more.
PFA admits players might not pursue action against Rangers
Scotland’s players union has confirmed that it has lodged a legal claim on behalf of former and present Rangers players but admits that no individual might ever pursue the matter.
It follows the transfer of players’ contracts from the “oldco” to “newco” Rangers during the summer.
PFA Scotland says administrator Duff and Phelps failed to enter into any consultation with the union or players.
“It may be that no player will pursue this,” the PFA said of its action.
The Rangers International Football Club share prospectus this week said they face a potential employment tribunal involving 67 players in relation to an alleged failure to inform and consult over the transfer of contracts.
But present Rangers captain Lee McCulloch and former Ibrox forward Sone Aluko, now with Hull City, have said on Twitter that they are not interested in pursuing any claim.
“That will simply be a matter for each player and in fact many of the players have already stated that they will waive any such entitlement,” admitted PFA Scotland.
“It must be stressed that the motive for PFA Scotland in pursuing this claim has never been financial.”
The club argued that players should automatically transfer to the new Ibrox administration after it was sold to Charles Green’s Sevco consortium and that they were entitled to compensation should they join new clubs.
However, high-profile players like Steven Naismith, Steven Whittaker and Kyle Lafferty argued that they were entitled to reject the transfer of employment.
Aluko moved from Rangers to Hull City after the club went into administration
Rangers had asked the Scottish Football Association to convene an arbitration panel to rule on a dispute with players who left Ibrox under TUPE regulations.
“As well as being a response to the SFA Arbitration claims, the Protective Award claim involves an important point of principle since our rights as representatives of the Players were wholly disregarded by those involved in the TUPE transfer,” said the PFA.
PFA solicitors wrote to the administrator and Green’s consortium in July “stating that, whilst PFA Scotland had the right to lodge a Protective Award claim, it had no desire to do so and would abandon the claim provided certain undertakings were given, including withdrawal of the SFA Arbitration”.
“For the avoidance of doubt, the claim for a Protective Award has been raised in the name of PFA Scotland only,” PFA Scotland states.
“It is one legal claim and has not been lodged in the name of any player, let alone some 67 individual players, as has been reported.
“It is quite simply inaccurate therefore to suggest that PFA Scotland has acted here without instructions.
“PFA Scotland does not require instructions to raise a court action in its own name.
“PFA Scotland regularly represents its members as a collective – for example, when speaking to the football governing bodies.
“Once the SFA arbitration process and Protective Award proceedings are complete, we will as always take direct instructions from individual members.”
McCulloch said on his Twitter account: “For everyone asking, I’m not involved in the 67 people and, if my name is there, it will be getting taken off.”
Meanwhile, Aluko said: “I don’t have, nor am I interested in slightest, in any claims/tribunals and any other scenario of that nature against anyone.
“Not my style! A messy route no one gains from.”
Should we start a Sevco adminstration sweepstakes?
I’ll give it until February. Valentine’s Day again would be apt. :)
Didn’t Aluko pay himself anyway?
I don’t think the PFA have the right to drop this case as it will have ramifications in future similar cases, a bit like hector making sure the correct president is set.
I thought Wishart was the official mouthpiece of the PFA – strange we don’t hear a peep from him on the TUPE issue. All of a sudden it’s all from a PFA ‘Spokesman’.
200th!
As meaningful as the voodoo economics being employed by Chunkles & his mob.
Magicking money out of thin air. Bigotry translated into £££’s.
Makes ye wonder….
Al Jazeera English@AJEnglish
Video: Call for calm after Northern Ireland protests http://aje.me/SOv7dP
The Bhoys look happy and relaxed as they prepare for tomorrow
Celtic Football Club@celticfc
Check out the Bus Bhoys at Lennoxtown. (PC) http://www.youtube.com/watch?v=jjA-G1V99lQ …
Garcia…,
My point was not about you making money hence the charity suggestion, my point was about the current board exploiting resources and good will of the support, example the Green Brigade display will be used at every opportunity whilst continuing a policy of harassment.
I concur that the tape should be preserved for posterity and the museum is the ideal place for that but I do not trust the current executive to acquit administration of our history honourably, they are already cherry picking.
Henriks Sombrero-Correct mate,Wishart won’t want to take the flak from his fellow huns.
There used to be just one gorilla in the waiting room of Ibrox creditors. Now they are many. At some point it’ll all kick off and after the big free for all it’ll be last man standing who claims the spoils.
After the lawyers have been paid.
Just watched the Charlie/Sammi corner flag show in injury time of Spartak game it really is hilarious. For no good reason I thought I’d mention the census figures from the 6 Counties re Prod/Catholic breakdown. In census in 2001 It was Prod 53% Catholic 44% a lead of 9%, in 2011 its 48% Prod 45% Catholic a lead of 3%. Go forward lads with a ballot box on one hand and a Farley’s Baby Rusk in the other.
In reference to King joining Jabba. Delahunt tweeted earlier that tonight was Kings penultimate appearance on the phone in. No mention of why.
garcia lorca,
I remember the 5-1 game very well (or least what I saw of it because it was played in dense fog). It was one of the very few games I watched from the Celtic end (I was usually in the Hayshed). Fortunately, that’s where all the goals were scored. The start of many a happy year supporting Celtic after so many years of winning nothing.
This scam by Chunkles is exactly that : a scam. Please…look at where he’s been, look at who he’s been talking to, look at how furtive and sleekit Fat Sally et al are acting. Look at some of the dubious figures in the ‘prospectus’. Join the dots.
Nudge nudge, wink wink, say no more….
I heard King was moving to USA..
Someone was looking for a bus to Arbroath tomorrow night are they still around?
Timbhoy’s blood pressure will be rising at the sight of that Park’s bus.
lionroars67
>>>>>
Aye…the Anglo ConDems are keeping their noses well out…it suits them. You can discount Villiers….unknowing, uncaring Tory toff…innefectual, weak, inbred.
corkcelt urges us @17:31 “Go forward lads with a ballot box on one hand and a Farley’s Baby Rusk in the other.”
Are you supplying the Colleens?
Burgas Hoops was asking HT
BT
Do you know him mate?
No; fraid not..
Evening Times report on the young stirling albion fan being struck by a coin at ipox . Stirling director quoted as being sickened by incident. Big MSM coverage…..? Hardly !!
miki67
17:40 on
11 December, 2012
British Governments have continually failed with Unionists, now the British establishment has no need for them, alienation and disaffection are a dangerous combination
Its the people of NI who will suffer again
PSG on ESPN at 6pm..
could draw then in last 16…
corkcelt @ 17:31 on 11 December, 2012
Just watched the Charlie/Sammi corner flag show in injury time of Spartak game it really is hilarious. For no good reason I thought I’d mention the census figures from the 6 Counties re Prod/Catholic breakdown. In census in 2001 It was Prod 53% Catholic 44% a lead of 9%, in 2011 its 48% Prod 45% Catholic a lead of 3%. Go forward lads with a ballot box on one hand and a Farley’s Baby Rusk in the other.
_____________________________________________
where did you see that?. Still trying desperately to secure a recording of the whole game but to no avail.
lionroars67
17:48 on
11 December, 2012
Facism and sectarianism are an ever greater explosive mixture.
Jobo..,
It’s on that match highlights.com site
Wicklowbhoy
Cheers bud, getn ma tourist map out right noo!
HH
Hamiltontim
Someone was looking for a bus to Arbroath tomorrow night are they still around?
Still here Ht, it was a friend who asked me to ask on here, i think he has a ticket just looking for a hurl as they say.
lionroars67
>>>>>
Exactly.
A complete dereliction of responsibility and an esay way to deflect from the social ills plaguing not only ‘the provinces’ ( their narrow bigoted parlance ) but the festering austerity ridden cold and mserable mainland of Ingurlahnd, too.
Jobo Baldie, I recorded the game and was just watching my own recording. The Charlie saga is really funny as he keeps pretending to pass the ball to Sammi but pulls back and shouts protesting at the Spartak defence encroaching, how he didn’t get a yellow fot time wasting I’ll never know.