Anyone consuming media coverage would think that the on-going investigation into the registration of Rangers (since renamed RFC 2012) players over the last decade or so was the most pressing matter within The Rangers (until recently, Sevco). I really don’t think so, although it is a useful rallying flag. The EBT issue is not short of drama but there are more immediate concerns.
More importantly, I hear The Rangers are still trying to raise the initial £10m Founding Investors capital. The Sevco Investor Presentation offered these Founding Investors two shares for each one purchased, “effectively doubling their contributions” ahead of a stock-market floatation later this year. My understanding is they hope to raise £20m at that floatation, without the two-for-one share incentive, in order to see them through several years in the Scottish Football League and at least four years without European income.
If/when this matter materialises, remember, in 1994 Fergus looked you in the eye and allowed you to buy into Celtic at exactly the same rate he and the other early investors did. This model worked, anyone hoping to emulate Fergus’ success would do well to offer fans the same terms.
The size of the total capital requirement may be as much of a disincentive to early investors as the terms currently on offer. If you put significant sums in now and the floatation fails to deliver enough cash to allow the company to continue trading, your investment is at risk. I hope Laurel and Hardy at Hampden haven’t deleted their Armageddon slides.
Even selling 40,000 adult season tickets for Ibrox at £268 each would bring in only £9m (ex-vat), so there is a good chance this company will burn cash reserves for some time, assuming they pay taxes, of course, which was apparently optional for some in the recent past.
Target closing date for Foundation Investors was 6 July with Q3 / Q4 slot for floatation on the AIM market, so we should be seeing a prospectus sometime soon if plans are back on track. If Charles Green pulls this off he deserves some sort of Businessman of the Year award.
Anyone who thinks the drama is over still hasn’t realised the enormity of the situation.
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Porto
Sporting Lisbon
Benfica
Boavista
Braga
Sporting
Benfica
Porto
Braga
Guimares
Maritimo
Setubal
FS
Boavista
Porto, Benfica, Sportig Lisboa, Boavistas, Belenenses, Vitoria Guimaraes, Braga, Biera Mar
The hat,
is changing the name the same as declaring a newly incorporated company,
also, who bears the cost of changing the name. Is it appropriate behaviour for administrators.
1porto
2benfica
3sporting Lisbon
4braga
5boavista
Oops that’s 8 – scratch Briea Bira Beria Mar!
Crap
I read the question wrong. Thought it was 5 teams. Not 7.
weeshauns
You’re right , I always warn Celtic travellers ,don’t stick big poles up near pylons.
Have a nice night.
Belgium really giving Wales a doing…
Sporting Porto braga benfica boavista Victoria de gameres maratimp
Sporting, Boavista, Benfica, Braga, Porto, Martimo, Vitoria
Benfica, Porto, Braga,sporting, maratimo, estoril,seiiubal
Matthews just got a sair yin
Adam Matthews down injured for Wales. Possible twisted ankle. Unbelievable.
Sorry maratimo not marogimp
Oh no. This looks serious. Limping off.
He’s up and moving, possibly ok.
Mathews needs a kick up the erchie anyway, but hope he is ok.
Matthews gets a real sore one on the knee – hobbles off. Hope he is ok.
Wales game poorly attended – Cardiff Blues RUFC at home tonight too (lost to Edinburgh)
Mr X loves having a “fly kick”
21:29 on 7 September, 2012
Adam Matthews down injured for Wales. Possible twisted ankle. Unbelievable.
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Lennoxtown curse again, something really needs to be done about that place :O)
5-0 England
Roy Bains scored
Ashley next to leave the Big Hoose
Answers to round 2
Braga
Benfica
Porto
Boavista
Vitoria Guimaraes
Sporting Lisbon
Leixoes
Vogue Thanks
Who is Roy Bains?
Rocket Man
can speak it no problem but cant really read or write ! shame on me kildonan it is called in english HAIL HAIL
Wee Oscars Green Bucket Army Scoreboard-round 2
Factus 8 13
Hamiltontim 12
The Spirit of Arthur Lee 11
theglasgowcelticway 10
pracepta 8
boab1888 6
DJBEE 6
Rocket man 6
Stringer Bell 5
PF Ayr 2
Cathedral View 0
Stewards enquiry
Into Leixoes
Djbee
He’s is question 7.
Ten Men Won The League
21:17 on
7 September, 2012
petec
‘His first allegiance is to Greece’
Nonsense. His allegiance is to the club which pays his wages especially when he is carrying an injury. Will Greece pay him his £20k a week when he is sitting in the stand for us?
International football is a curse on the game
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Sorry, but what a pile of crap!
Sammi decides what his priorities are, not his club or FFS his wages and certainly not YOU! He is a grown man!
It really riles me when people talk about other human beings like commodities!
Round 3 of 5: Celtic Picture Board
Name the Hoops?
(2pts if you are first to answer Q correctly, 1pt if correct but not first. One submission only per round )
http://i49.tinypic.com/29ep3lz.jpg
SOAL
My missus is watching it but it’s behind cos she’s watching the recording. I just blurted out your revelation and got a slap for my troubles!
I remember that classic against leixoes, phhuuuttt
Well a big hail hail to ya! If I could speak more of it I would – ’tis the language of love!
Mr X loves having a “fly kick”
21:29 on 7 September, 2012
Adam Matthews down injured for Wales. Possible twisted ankle. Unbelievable.
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This is a bad blow, I think Adam is essential for the CL. Let’s hope it is nothing too serious.
Sullivan, McGhee, Hay, Latchford, McCluskey, Archdeacon, Jacki, Reid