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.
You can continue to read CQN Magazine FOR FREE, or can subscribe for £10 or £20 and our sponsor, Executive Shaving, who offer an enormous range of grooming products, are offering readers a £20 voucher for all £30 CQN Magazine subscribers.
Input hailhail in the Executive Shaving discount box for an automatic 10% discount on all purchases at www.executive-shaving.co.uk. At Silverburn simply say “hail hail” to the assistant for a 10% discount.
You can flick through the magazine using the graphic below but go here to read it without straining your eyes.
[calameo code=0003901711e92eb7539d6 lang=en page=6 hidelinks=1 width=100% height=500]
1,376 Comments- Pages:
- «
- 1
- ...
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- ...
- 37
- »
dom sullivan
m mcghee and d haye
peter latchford and george mcluskey
mclair
mark reid
1 conroy
2 McGhee
3 mccluskey, mccaddam, bains
4 Archdeacon
5 Thom
6reid
AikiBhoy
21:33 on 7 September, 2012
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
——————————
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!
—————–
Don’t talk nonsense, we’re all a slave to our wage, so is Sammy as long as he’s picking them up from Celtic.
If he want’s to give the wage up while injured then fair enough but I doubt that’s going to happen any time soon.
AikiBhoy
21:33 on 7 September, 2012
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
——————————
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!
__________________________________________________________________
Please post the full comment/s, just for context.
Thx.
1.
2. Hay McGhee
3. McCadam, McLuskey, Latchford, Conroy
4. Oweny
5. Jacki
6. Reid
HT
I am also doing the music quiz on twitter
1. I don’t know but he scares me!
2. Mark Mcghee
3.Sabotage? http://www.youtube.com/watch?v=z5rRZdiu1UE
4.?
5.Jacki
6. ?
conr
oy
Mcghee
McCluskey
archdeacon
Reid
Dom Sullivan
Mark McGhee George mccluskey archdeacon dzachen. Dzjachen jackie mark reid
Dom the sand dancer Sullivan
AiKiBhoy
Sammi decides what his priorities are, not his club or FFS his wages and certainly not YOU! He is a grown man!
A grown man whom we pay over a £1m a year. He could possibly be out for a number of weeks. I wonder if Lenny feels the same way as you?
Extra point please
Sullivan
McGhee, Hay
McAdam Latchford McCluskey
McClair
Thom
Reid
1sullivan
2mc ghee
3mc cluskey
4archdeacon
5creaney
6reid
Climb mountains to see lowlands. -Chinese Proverb
Answers to round 3
1) Dom Sullivan
2)Mark McGhee & Davie Hay
3)George McCluskey, Tom McAdam, Peter Latchford, Mike Conroy
4) Owen Archdeacon
5) Jackie Dziekanowski
6) Mark Reid
the_huddle
21:37 on 7 September, 2012
AikiBhoy
21:33 on 7 September, 2012
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
——————————
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!
—————–
Don’t talk nonsense, we’re all a slave to our wage, so is Sammy as long as he’s picking them up from Celtic.
If he want’s to give the wage up while injured then fair enough but I doubt that’s going to happen any time soon.
——————————
Speak for yourself…
Slavery is a state of mind my friend, a fact which you may or may not come to realise in time.
My wages are my slave… Not the other way round!
and if Sammi wants to play for Greece before Celtic then I commend his decision to do so! He is a human being and is OWNED by none other than himself, even if a bunch of meaningless paper contracts say otherwise!
We are all born free, its just that most of us don’t realise it!
Wee Oscars Green Bucket Army Scoreboard-round 3
Factus 8 29
Hamiltontim 22
The Spirit of Arthur Lee 17
pracepta 16
theglasgowcelticway 15
boab1888 12
Stringer Bell 11
DJBEE 10
Rocket man 8
PF Ayr 2
Cathedral View 0
time for break. Start again at 10
ThisIsTheOne 21:20 on 7 September, 2012
“Why did HMRC not insist that as they were owed £xx millions that this was their gig?”
Because they were following procedure. I don’t think there was anything sinister about it.
“I agree that Westminster couldn’t care less about them or us. However, if the scotttish government do, then londons got a right good bargaining chip”
Westminster probably has less respect for the Scottish parliament than for Scottish football clubs. I don’t envisage any deals being struck over Rangers – they are simply not nearly as important as their deluded supporters think they are.
“BDO ‘s job as I understand is to go after individuals, but leave ‘The rangers’ alone. (I.e. once the transition has finished they are still there (in spirit).”
BDO will go after individuals. But HMRC are certain;y not finished with the club. Patience is required.
Is there no time limit? I could have popped down the mitchell library on the bus n got the answers
Ten Men Won The League
21:40 on 7 September, 2012
AiKiBhoy
Sammi decides what his priorities are, not his club or FFS his wages and certainly not YOU! He is a grown man!
A grown man whom we pay over a £1m a year. He could possibly be out for a number of weeks. I wonder if Lenny feels the same way as you?
———————————————-
Why sign internationals if you aint gonna let them play?
I’m sure Lenny doesn’t feel as if he OWNS Sammi lol…
Sorry for posting during the quiz.
The initial text was this.
“petec
21:11 on 7 September, 2012
Ten Men Won The League
21:08 on 7 September, 2012
So Sammi is taken off injured while playing for Greece with a bad back
Very disappointed in him. He should have pulled out of the squad
______________________________________________________________
His first allegiance is to Greece, especially now at this difficult time for his Country.
I would have done the same as him. I hope the injury isn’t serious obviously.
HH”
No big stramash really just a difference of opinion and it is excellent to know that TMTWL realises how important GS is to Celtic, IMO he is essential for the CL games.
GS right now is incredibly important to many Greeks also.
HH m8
HT
The Situation leaves the Big Hoose
Canalamar
It is all just jiggery pokery to muddy the waters.
According to Companies House Web Search the club formed in 1899 was known as “The Rangers Football Club PLC”
until 31/07/2012 when they changed their name to
RFC 2012 P.L.C.
IBROX STADIUM
GLASGOW
G51 2XD
Company No. SC004276
Status: In Administration
Date of Incorporation: 27/05/1899
However on 29 May 2012
THE RANGERS FOOTBALL CLUB LIMITED
IBROX STADIUM
150 EDMISTON DRIVE
GLASGOW
G51 2XD
Company No. SC425159
Status: Active
Date of Incorporation: 29/05/2012 was born.
This is Greene’s club with the new company number under which they will operate as a football business.
The RFC 2012 P.L.C is the one under adminstration soon to become liquidation and that company who were founded in 1899 will be no more. THE RANGERS FOOTBALL CLUB LIMITED incorporated i.e. became a recognised company in May 2012 is the entity that will continue trading as a business under that name, unless of course someone spots it is almost as identical to the orginal company name, with Ltd replacing PLC, as to decide it flaunts insolvency rules.
I have not looked at that element in any depth but to a layman it looks like the tax payer is having his leg pulled.
Soal
You just want me slapped again.
Just watching a programme “Great Animal Escapes” and, being a sad person, the thought jumped into my mind as soon as I saw the title on the TV Guide ….. ” don’t tell me sally has walked away “…….. titter titter ….. so much giving of amusement ….!!!
I think Eden Hazard is a great wee player. Mon the wee Hazard!
Its tough to lose two players tonight agreed :D
I gotta run Bhoys!
GL with the quiz… and sorry for interupting!
Hail Hail!
freebeingsCSC
Haw celic roller coaster I’ve been done the pub had a ruby now home and poured a few large brandys. Queens of the stoneage blaring from iPod thingy just warming up for the quiz and you decide in to take a break well let me tell you your no barber Gascogne
Sorry should be bamber bloody iPad
AikiBhoy
http://www.youtube.com/watch?v=d6c70hPa8iU
Singalong as you go along.
HH m8
Please all read and pass on to family & friends.
https://twitter.com/saz0710/statuses/244166122801356800
Germany v Faroes on ESPN. Scottish officials…
There was a program on last night on Sky Atlantic called Hunderby at 11 oclock, couple of guys prancing about in tight trousers, still better than watching the whatevers. Kept expecting to see QP or the juniors.
Round 4 of 5: Name the last 7 different Hoops to have been Club Captain (ignoring one off captaincy awards)
(2pts if you are first to answer Q correctly, 1pt if correct but not first. One Submission only per round )
Hen1rik
What is that link?
Brown
Mick
Boyd
Lenny
Jaqcki
Lambert
Maestro