Founder Investors still needed at Sevco

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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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  1. ten men won the league

     

    >>>>>>

     

    It’s just the angry imagery in my head.

     

    One rule for them, one rule for everyone else.

     

    Symptomatic of our times.

     

    Close to home and reflected in the huns’ antics.

  2. theglasgowcelticway on

    Boy I worked beside starts his tour of Afghanistan today.Although he’s a daft Sevco fan,good luck mate!

  3. Films is it?

     

     

    My personal top five

     

     

    Casablanca

     

    Angels with Dirty Faces

     

    Duck Soup

     

    Midnight Cowboy

     

    It’s a Wonderful Life

     

     

    For those interested in Eastern European films here are a few you should see

     

     

    Czechoslovak films

     

     

    Fireman’s Ball (very funny film directed by Milos Foreman who did Cuckoo’s nest)

     

    Closely watched Trains

     

     

    Polish films

     

     

    Ashes and Diamonds

     

    Three Colours (some of it in French)

     

    Dekalog

     

     

    Russian films

     

     

    Battleship Potemkin (silent)

     

    Ivan the Terrible parts one and two

     

    Solaris

     

    Stalker

     

    Vij (technically Ukrainian)

     

     

    I’m sure Zbyszek or Sk-Bhoy would be able to tell you some even better films and possibly some more recent films from their countries.

     

     

    My pal Dusan hates Hollywood movies and loves European films. I can see his point sometimes but there you go.

  4. Brogan Rogan Trevino and Hogan supports Kano 1000

     

    10:00 on

     

    8 September, 2012

     

    ******************************************

     

     

    Where you wanting a word with me yesterday, I passed my details to you from P67.

  5. Champions League tickets arrived in post this morning….roll on the games.

     

     

    On the film discussion…agree with many of the choices would offer Leon and Ronin as two enjoyable films.

     

     

    Belgium looked outstanding last night…think result would have been the same despite Collins being sent off. Scotland will do well to compete in this group.

     

     

    Pleased to see we are competing in the next gen competition again this year invaluable experience for the young Hoops.

     

     

    Watching with interest events next week and wonder going by previous history what time they choose to reveal findings with so many mid midweek games coming up.

     

     

    Hail Hail

  6. theglasgowcelticway on

    I’m not a big fan of foreign films but Benigni’s,”Life is beautiful” brilliant,sad at the end though.Who would have thought you could make a comedy set in a concentration camp?!

  7. Oops forgot to mention “Midnight Express” Who started this thread anyway? Must be an International weekend.Hail Hail Hebcelt

  8. As there is no ‘proper’ football on this week-end, and we still appear to be debating favourite films here’s a small(ish) selection from me to add to the 2 I submitted earlier.

     

     

    In no particular order of preference:

     

     

    The Godfather

     

    The Godfather 2

     

    Goodfellas

     

    Casino

     

    Some Like it Hot

     

    The Lost Weekend

     

    The Green Mile

     

    The Shawshank Redemption

     

    The Quiet Man

     

    Taxi Driver

     

    Raging Bull

     

    Dog Day Afternoon

     

    Gladiator

     

    The Star Wars Trilogy (the 1st 3)

     

     

    That’s enough for the time being!!

     

     

    HH!!

  9. The Miracle of Bern

     

     

    The Battle of Algiers.

     

     

    The Secret of Their Eyes.

     

     

    Ossessione.

     

     

    Roma -Citta Aperta

     

     

    Le Quattro Volte.

  10. Having decided that Scotland is run by the Jesuits, FF plans to fight back. The schools are first:

     

     

    “Scotland may end up the only country in the world that holds on to seperate

     

    schools.

     

    These will never be abolished because it’s the RC’s that are running the country.

     

    A minority religion in the country where they command positions of power in

     

    every area including politics, media, health & the law. it’s really quite scary.

     

    Anyone who thinks RC schools will get the boot are deluded.

     

     

    Their ultimate aim is to have the flag of the Vatican flying over the

     

    Scottish parliament. Part of a grand jesuit plan as was mentioned by a poster

     

    earlier.”

     

    ——————

     

    “I grew up in Coatbridge and while there are many decent loyalists living there I can assure you that being a protestant is akin to being a leper. The RC community led by its political leaders is slowly closing down non denominational schools and even nurseries some of which they even have the cheek to convert to RC ones. Of course you’re not allowed to bring this up becuase that would be classed as bigotry.

     

     

    They’ve created a St Patrick’s Day WEEK believe it or not and of course St Andrew’s Hospice (which does some brilliant work) is the main charity that pervades all walks of life. In order to prove that they are not bigotted the non-denominational schools are forever raising money for this RC run hospice.

     

     

    And just for good measure Gaelic Football is flourishing in schools with teams, prizes and trophies named after IRA men. Of course just to show how inclusive they are the nondenominational schools are encouraged to take part. But then we all know the IRA weren’t sectarian.”

     

    —————–

     

    “As Bernstein and Woodward were told, you have to ‘follow the money’ ……..and it will always lead you to the Jesuits in Glasgow (as other posters have pointed out).

     

     

    They (and their foot-soldiers) have infiltrated all our great institutions in Scotland and destroyed our influence over a long period of time like a horrible cancer. The Orange Order, our Masonic Lodges, our legal system (with the PF’s Office at the heart) and even our great Club itself have all been inftrated and systematically weakened, while their institutions (like Opus Dei) have flourished. Where once a hard working, God-fearing loyalist filled a position, we now have at least 2 destructive Declans making sure things go their way.

     

     

    We need to wake-up to this before it is too late (if that point has not already passed). It only takes good men to do nothing for this evil to prevail.

     

     

    Watp”

     

    ——————

     

    “Their hate and bile is taught in the home, their separate schools just enhance these directives. Getting rid of their separate schools won’t stop the hate being taught at home. Quite frankly I don’t want my kids exposed to their hate in a singular school system.

     

     

    They can keep their separate schools imo.

     

     

    If that makes me a bigot, then sorry for looking after my kids.”

     

    ——————-

     

     

    I’m developing a liking for Coatbridge.

  11. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    I see another example of Sporting Integrity has surfaced this morning…..Serbia’s match was found lying on the pitch after a training session …….. Now it’s all over the Daily Express …!!!

     

     

    Hearty LOL ……..good old. Scottish journalism…

  12. "THERE IS ONLY ONE TEAM IN GLASGOW" aka "@67MOULDY67" on

    @ OSCAR KNOX APPEAL @

     

     

     

     

    Hello , just to let you know that I will be taking  part in a 50 mile cycle from Glasgow to Edinburgh, 09/09/2012

     

     

    where I would hope to be able raise some funds for “Wee Oscar Knox” who is 3 year old kid and is not keeping very well just now.

     

     

    You can read Oscar’s story on web link below….

     

     

    http://www.justgiving.com/Team-Oscar-Knox-Appeal-Cycle-09092012-Paul-Muldoon

     

     

    all donations are welcome and appreciated 

     

     

    please pass on oscar’s story 

  13. Bada Bing

     

     

    Old movies are brilliant and they are my favourites but I do like modern films as well.

     

     

    The Angels Share from this year was great. I loved it. And so was The Dark Knight Rises

     

     

    Here are my most recent favourites

     

     

     

    Drive – My favourite film from 2011

     

    The Artist

     

    Hugo

     

    We need to talk about Kevin

     

    Super 8

     

    Senna

     

    Tyranosaur

     

    Troll Hunter

     

    The Guard

     

    Black Swan

     

    The Social Network

     

    Inception

     

    The Killer inside me

     

    Kick-ass

     

    The Imaginarium of Doctor Parnassus

     

    The Wrestler

     

    There Will be blood

     

    No Country for old men

     

    Katyn

     

    Lars and the real girl

     

    Half Nelson

     

     

    Just to show I’m not an old fogie – I’m only 33

     

     

    :)

  14. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    From twitter

     

     

    Just when you thought the lunatics on FollowFollow could not get any stupider/funnier/more paranoid. pic.twitter.com/fhDGKi7y

  15. Great movies!

     

     

    The Big Lebowski

     

    The Searchers

     

    Hombre

     

    12 Angry Men

     

    North by Northwest

     

    Butch Cassidy & The Sundance Kid

  16. On an international weekend I cannot believe we have not the source of many Tartan Army classics,

     

    The Sound of Music.

  17. Hypocrites jubilee parade in Airdrie today.

     

     

    Thanks to the tax dodgers of the country the poor princes don’t have a stitch to wear but this little detail won’t stop Sevco’s “finest” being out in large numbers.

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