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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Gary Gillespie
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
Clue 3: I played for my Country 13 times (6pts)
Ten Men Won The League
The good thing is, Big Sammi is a lot tougher than he looks at times.
Fingers crossed for the big mercurial Greek Genius.
Dizzy gillespie
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
Clue 3: I played for my Country 13 times
Clue 4: I also played for 2 clubs in England during my career
Answer Gary Gilles pies
HH
CRC
VP
Did you see the piece on The Vogue Bar in the Reformer this week.
Hamiltontim-if only you were a second faster?
HH
CRC
£9 million (ex-vat)
Love the irony of that one
Bhoyd?
CRC
Yep I know and it was cos the mad wumman beside me was pointing out something happening on BB that I hesitated!!!!!!!!!!
Oh well, congratulations SOAL.
The final Scoreboard and it was close……
Factus 8 56
The Spirit of Arthur Lee 49
Hamiltontim 48
boab1888 39
theglasgowcelticway 33
pracepta 23
Stringer Bell 21
Celtic Soul Brother 12
DJBEE 11
Rocket man 8
PF Ayr 2
Cathedral View 0
Well done to Factus 8 and of course to you all for taking part, Hope to see you all on the 29th Sept for the live quiz
HH
CRC
HT
The winner of the Big Hoose is JC
CRC
I want a recount
Gordon64
No, I take it we were all terrorist sympathisers.
It doesn’t matter who it was he wasn’t captain of the hoops in a meaningful game.
Fortunes Favour Mibbes, If you are about. A track for you to ‘observe’ and Jarvis played such a role for a while back then, quite the little controlled anarchist he was.
A 666 and Horus worship straight off the bat.
Common People, aye right Jarvis.
http://www.youtube.com/watch?v=DqgXzPfAxjo&feature=relatedank‘ >That Bhoy Gerald
.
Van Hoijdonk..
Thanx for the quiz Celtic roller coaster appreciate it hail hail
TSoAL
Recount will be announced shortly after the Big Tax Case result :-)
HH
CRC
This Charming Man – http://www.youtube.com/watch?v=-peulbYKmrg
Oops didn’t see your post with Gillespie.
Well done mate and thanks again CRC.
** Any of you wish to participate in a live version of the quiz on 29th September at The Phoenix on the Gallowgate then please contact me at hamiltontim@hotmail.co.uk **
G64
You know ,I stopped buying reformer after the Cambuslang councillor (Cleary)
Was pictured with junior urang ludg ,quoted “I’ts great to see thems carrying on
the same principles as their 4 fathers” fekn hun bassas
VP
Good article about the Vogue being a great ‘football’ pub
and there is a superb picture of two of the local worthies in oor corner.
My son came in and swichted off the internet connection at the last question.I’m going to kill him.He leaves the bloody thing on all night and I turn it off before I go to work,he picks now to switch it off.Aaaaaaaarrrrggggghhhhhhh!!!
Factus Well played
CRC Once again thanks
LOVE
Cheers CRC – glad to be back in gear on a Friday night!
Well done CRC you had us all scratching our heads and other stuff. Thanks for a good hour n a half or so, when is the charity do for wee oscar quiz n I will try get a wee table for it?
G64
newcomer McG inty better not be one of them.
Well done factus!
TGCW
You’re going to the quiz on Sat 29th Sept just so you know!!
FEKN LONE RANGER
G64
Where we going tomorrow ,pub will be full of heelanders?
.
Sammi Injured with Greece AGAIN playing with a Injury ffs..
Not Happy Samaras..(President)..
Summa
VP
Even better. PMcG pictured and quoted about the Clyde coming back to Ruglen.
He’ll never live this down. 100%
DJBEE
22:31 on
7 September, 2012
See hamiltontim post at 22:29 for details of the quiz
HH
CRC
Cha Du Ri sings!
http://www.youtube.com/watch?v=vRMV76xGMEo&feature=related (thumbsup)
The Undertones on BBC 4. Superb.