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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I was planning on dinning with the Sultan of Brunei that evening,oh well,I’ll have to cancel.Mind you I might be in the jail for murdering my son.
the hat
http://www.edinburgh-gazette.co.uk/issues/27132/supplements/8
identifies the company no. SC004276 being incorporated as a new company on the 31st, how can this happen after the sale whilst in administration.
Summa of Sammi…. – Our bhoys seem to be injury magnets at the moment.
I agree with Paul67’s diagnosis earlier this week, I don’t remember the Celtic squad being so fragile before Lennoxtown opened.
Was Lennoxtown built on an ancient Indian burial ground? Or at least the site of a restaurant called the Koh-i-Noor? (thumbsup)
G64
Sent him a text.
just home from missionery work in Larkhall..
should I read back?
naw it was the quiz with the usual people cheating their way to the bottom..
or is that Scottish Football..
away for a Macallan…
Cheers crc do my best but if I cant be there I will do something to raise
JunebugObama.
http://www.youtube.com/watch?v=18WyL4OIpbg
The last minute is good advice and from what I can ascertain the guy is genuine in his jibber jabber.
Hearing Sammi might have broken his arm??????
HH
BT
Were you hanging about the cashline machines over in Larky?
Got passed this on Facebook –
Very serious injury for George Samaras. The Greek international has elbow dislocation and a torn ligament in his left hand. Full medical report will be released tomorrow Saturday (8/9) when the return of the national will undergo an MRI. According to initial indications are that international midfielder will be out action for the next six weeks.
HH
Soal
money from a cashline machine in Larky…
what you drinking?
http://www.youtube.com/watch?v=SJUhlRoBL8M
BT
I saw you legging it through Glasgow Central with a load of dosh today
“It was the introduction of Samaras at half-time that changed the shape of the game, providing Greece with flare and inspiration in attack. However, an injury to his elbow 20 minutes later had him substituted by Sotiris Ninis.”
Elbow injury, thank god he has 2 of them.
Indio
For our injured bhoys, from a man who went through worse:
http://www.youtube.com/watch?v=QqC5YtutWAU (thumbsup)
Just in and catching up plus new TSFM post up.
HAIL HAIL
soal
you know me and legging it are a no no…
blantyretim – you know me and legging it are a no no…
You are Sir David Murray and I claim my £10 for every £5 Celtic spend. (thumbsup)
Sad news about Sammi.
I suppose it depends if you believe in what’s ment for you, won’t go by you.
If his elbow has been dislocated, it might have happened during training…..
What a load of garbage, he wouldn’t have been training on a friday night.
So that’s Sammi, Adam M and Lustig so far, I think Izzy came through his game earlier ok, Miku is playing in a couple of hours, and Efe is playing tomorrow night.
Is James playing the morra ?
The huns had it sussed when it came to internationals, was about the only thing they got right.
Canamalar,
The page 8 that you are looking at in the Estates Gazette is listing entries by companies that are changing their name.
If you go to page 7, you will see at the top of the page that page 7 is, initially, listing newly incorporated companies. If you then scroll to half way down page 7, you will see that the list of new companies stops, and a new list then begins which is listing companies that are changing their names.
philvisreturns
22:49 on 7 September, 2012
Succinctly put.
petec – Succinctly put.
Thank you, I am more usually known for my verbosity though.
I think verbosity is a nicer term than gabshoite. (thumbsup)
BT
Geetahrs were out in Larkhall tonite
http://www.youtube.com/watch?v=myhnAZFR1po&feature=share
It’s, Oh, so quiet.
http://www.youtube.com/watch?v=G1A_uSEjTIQ
philvis
cheers mate but if I where David Murray that lady at central station today would be £100 down…
must be the socialist in me that decided to give her what was her own and not take it from her.. o))
philvisreturns – ye cannae say enough, really, can you? ;))
http://www.youtube.com/watch?v=-lAdZJntj2E
Interesting article Paul. What Green has which Fergus didn’t have is a sympathetic and supportive media and a corrupt sytem of referees and officialdom to help him. What he doesn’t have, however, is a vast number of supporters willing to dig deep into their own pockets, to buy shares to save their club.
McCrummoch…………….!
…tic……………….tock……
Bundoran
Sounds like Sammi has got a bad injury.
The way things are going we should open
a MASH up at Lennoxtown.
the hat,
cheers, thought I’d been missing something but still confused as to why the administrators would change the name after the sale, any help is appreciated
Shieldmuir Celtic
Celtic fans trusted Fergus, how can any Sevco fan trust anything now. The Big Hoose needs to be liquidated ASAP, that is all they are hanging on to. gallagher said a while back that when the Hoose goes, they die completely, I couldn’t agree more.
We are in a Depression and the Good Ship Celtica is staying its steady course.
Sevco/The Rangers are finished, gone from our existence and we need to all let them go disgracefully as they want to go. It won’t be long now.
petec – Excellent song.
http://www.youtube.com/watch?v=cDm_ZHyYTrg (thumbsup)
blantyretim – cheers mate but if I where David Murray that lady at central station today would be £100 down…
must be the socialist in me that decided to give her what was her own and not take it from her.. o))
What did you give her, my friend in Celtic? (thumbsup)
Philvis
my christian love.. o))
(thumbsup)
.
blantyretim
22:41 on
7 September, 2012
just home from missionery work in Larkhall..
..
That is a Terrible Position to be in..;0)
Summa
petec – Celtic fans trusted Fergus, how can any Sevco fan trust anything now.
You know I’m an unrepentant capitalist, among other unrepentant things.
Fergus is the kind of man you want to do business with: honest, straightforward, and decent.
Sadly there is a downside to economic freedom, for some people are thimbleriggers, ne’er do wells, and nae users.
I would never say that Chuckie Green fits the latter description, though you might very well think that, but in my eyes he bears an uncanny resemblance to a certain unpleasant stereotype:
http://www.youtube.com/watch?v=k9aRf4824Ds (thumbsup)
philvisreturns – You never fail to make me smile, a quality track that is tailor made as well. ;)
You are good for the Celtic soul.
The Brilliant Celtic Soul.
http://www.youtube.com/watch?v=vXyv1TW4R4A
the hat,
also, it looks like the company number (sc004276) is attached to greenco’s new club name
philvisreturns
23:16 on 7 September, 2012
petec – Celtic fans trusted Fergus, how can any Sevco fan trust anything now.
You know I’m an unrepentant capitalist, among other unrepentant things.
Fergus is the kind of man you want to do business with: honest, straightforward, and decent.
Sadly there is a downside to economic freedom, for some people are thimbleriggers, ne’er do wells, and nae users.
I would never say that Chuckie Green fits the latter description, though you might very well think that, but in my eyes he bears an uncanny resemblance to a certain unpleasant stereotype:
http://www.youtube.com/watch?v=k9aRf4824Ds (thumbsup)
_______________________________________________________________
With a surname of Green, lol go back 20 years. ;))
We have came a very long way in such a short space of time but people are impatient even now.
http://www.youtube.com/watch?v=ErvgV4P6Fzc