Founder Investors still needed at Sevco

1376

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]

Click Here for Comments >
Share.

About Author

1,376 Comments
  1. Pages:
  2. 1
  3. ...
  4. 13
  5. 14
  6. 15
  7. 16
  8. 17
  9. 18
  10. 19
  11. ...
  12. 37

  1. Neil canamalar Lennon hunskelper extrordinaire on

    Auldheid,

     

    the bit that confuses me is that the mew incorporation happened after the sale, hos does that work

  2. The Spirit of Arthur Lee on

    Paul McStay

     

    . Paul Lambert

     

    . Jackie McNamara (Jnr)

     

    . Neil Lennon

     

    . Stephen McManus

     

    . Scott Brown

     

    Tom Boyd

  3. 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

  4. celticrollercoaster loves Wee Oscar's Green Bucket Army on

    Answers

     

     

    1 Scott Brown

     

    2 Stephen McManus

     

    3 Nei Lennon

     

    4 Jackie McNamara Jnr

     

    5 Paul Lambert

     

    6 Tommy Boyd

     

    7. Paul McStay

  5. Ya Basa CRC I missed the brackets. They were captains of Celtic and you have ignored them you ………………………………………………………..

     

     

    trick question

  6. @Gregory Loannidis

     

     

    Sammy needs to get back to Glasgow asap. He needs an MRI scan and I fear the injury is extremely serious. Gutted.

  7. celticrollercoaster loves Wee Oscar's Green Bucket Army on

    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

  8. 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.

     

    Expand

     

    Reply Retweet Favorite

  9. celticrollercoaster loves Wee Oscar's Green Bucket Army on

    DJBEE- you’re not bottom, could be worse, and all to play for :-)

     

     

    HH

     

     

    CRC

  10. 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.

  11. 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.

     

    Expand

     

    Reply Retweet Favorite

     

    ______________________________________

     

     

    Gutted also m8, I hope it isn’t as bad as it is sounding right now.

  12. 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

  13. celticrollercoaster loves Wee Oscar's Green Bucket Army on

    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

  14. celticrollercoaster loves Wee Oscar's Green Bucket Army on

    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

  15. 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 !!

  16. 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.

  1. Pages:
  2. 1
  3. ...
  4. 13
  5. 14
  6. 15
  7. 16
  8. 17
  9. 18
  10. 19
  11. ...
  12. 37