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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Auldheid,
the bit that confuses me is that the mew incorporation happened after the sale, hos does that work
Lennon McNamara
Boyd lambert McManus
Brown mcstay
Paul McStay
. Paul Lambert
. Jackie McNamara (Jnr)
. Neil Lennon
. Stephen McManus
. Scott Brown
Tom Boyd
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 )
Brownie
Mick
Lenny
Lambert
Petrov
Jvoh
Heid
1brown
2caldwell
3mc man us
4lennon
5lambert
6boyd
7mc stay
how, even
Brown, Lenny, McManus, Boyd, Lambert, Jacki, McStay
Brown
Charlie (if more than one-offs)
Mick
Lenny
Jackie Mac
Lambert
Boyd
Maestro
Brown, Wilson, Wanyama, Kayal, Mathews, McCourt, Hooper
HT
Big Hoose Update
Martin OOOT
Undertones biog on BBC4
soal
I think I’m developing a penchant for sado masachism.
Answers
1 Scott Brown
2 Stephen McManus
3 Nei Lennon
4 Jackie McNamara Jnr
5 Paul Lambert
6 Tommy Boyd
7. Paul McStay
Ht
I new that when we went to the Celtic games in the early 90’s.
BINGO
Ya Basa CRC I missed the brackets. They were captains of Celtic and you have ignored them you ………………………………………………………..
trick question
@Gregory Loannidis
Sammy needs to get back to Glasgow asap. He needs an MRI scan and I fear the injury is extremely serious. Gutted.
Wee Oscar’s Green Bucket Army Scoreboard-round 4
Factus 8 36
Hamiltontim 36
The Spirit of Arthur Lee 24
pracepta 23
theglasgowcelticway 21
boab1888 19
Stringer Bell 15
DJBEE 11
Rocket man 8
PF Ayr 2
Cathedral View 0
Worst news possible
Gregory Ioannidis @LawTop20
Sammy needs to get back to Glasgow asap. He needs an MRI scan and I fear the injury is extremely serious. Gutted.
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Lady on twitter tweeted it and it’s a letter from the police.
DJBEE- you’re not bottom, could be worse, and all to play for :-)
HH
CRC
Oh aye they were captains of Celtic but you choose to demean that feet, aye nice one I hope you captain the hoops one day.
Ten Men Won The League
22:10 on 7 September, 2012
Worst news possible
Gregory Ioannidis @LawTop20
Sammy needs to get back to Glasgow asap. He needs an MRI scan and I fear the injury is extremely serious. Gutted.
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______________________________________
Gutted also m8, I hope it isn’t as bad as it is sounding right now.
Terrible new about Sammi, hope the injury is a not as bad as first feared. Greece should have never taken him there in the first place, they knew he was injured.
Indio
Time to separate the boys from the Bhoys!!
Round 5 of 5: Hoops am I?
One guess only, if you are first to get the right answer you will get 5 bonus pts
Clue 1: I signed for Celtic in 1991 season, scoring on my competitive debut 20pts
Gary Gillespie
Gary Gillespie
Hope big Sammi’s not as hurt as reported .
Gillespie
McClair
Big Tony Cas
Hoops am I?
One guess only, if you are first to get the right answer you will get 5 bonus pts
Clue 1: I signed for Celtic in 1991 season, scoring on my competitive debut
Clue 2: Ironically, the team who I scored my first Celtic goal against and also my last Celtic goal against, was also the first competitive club that I played for 12pts
Gillespie
Sky sports ………independent panel to sit next week in investigation of the Hun and dual contracts.
It’s magic u know it’s gonny be 12 in a row.
Get intae thum !!
petec
Me too. Trying to find out the extent of the injury. Apparently he was in serious pain to his left arm. Hopefully it is not a break
Garry gillespie
May they suffer
Canamlar,
Logged off and only just caught your post.
The incorporation (birth of newco) I think you’re referring to occurred on 29 May. When the sale completed it was the company was called Sevco Scotland Limited. The change of name occurred post-completion of the sale on 31 July. Does this answer the query? – if not, post what the full question was – scrolled back couldn’t see it.