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Founder Investors still needed at Sevco

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By on CQN BLOG & Comments

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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You can flick through the magazine using the graphic below but go here to read it without straining your eyes.
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  1. blantyretim on

    Y think I will need to save Page 21 in my archives…

     

     

    Ernie admits to maybe being wrong…. o))

  2. Taranis on

    A few quotes from another classic – Caddyshack

     

     

     

    “Oh, this your wife, huh? A lovely lady. Hey baby, you must’ve been something before electricity”.

     

     

    “You’re a lot of woman, you know that? Yeah, wanna make 14 dollars the hard way?”

     

     

    “License to kill gophers by the government of the United Nations. Man, free to kill gophers at will. To kill, you must know your enemy, and in this case my enemy is a varmint. And a varmint will never quit – ever. They’re like the Viet Cong – Varmint Cong. So you have to fall back on superior intelligence and superior firepower. And that’s all she wrote”.

     

     

    “This is a hybrid. This is a cross, ah, of Bluegrass, Kentucky Bluegrass, Featherbed Bent, and Northern California Sensemilia. The amazing stuff about this is, that you can play 36 holes on it in the afternoon, take it home and just get stoned to the bejeezus-belt that night on this stuff”.

  3. proudbhoy on

    James McClean getting headlines on SSN for “tweet comments” about not getting on the park last night.

     

     

    James said as a fan delighted with the result,personal level fuming,fuckingjoke.

     

     

    Silly to comment but James must have been really upset, watched him for Derry for 2yrs and he plays like we all did when we were 14yrs old..doesn’t stop running and always wants ball. The fella loves football and wants to play every game.

     

     

    Most on form man on team and regular epl player getting overlooked for championship players.

     

     

    Darren Gibson and Kevin foley both turned down call ups. All is not well in camp.

     

     

    Support for trap is very very low.

  4. voguepunter on

    blantyretim

     

    12:16 on

     

    8 September, 2012

     

    Y think I will need to save Page 21 in my archives…

     

     

    Ernie admits to maybe being wrong…. o))

     

    _______________________________________________________

     

    BT,someone must have hijacked Ernie’s moniker.

  7. Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. Champions. C'mon Wee Oscar. on

    Just been up to Paradise.

     

     

    CL packages bought for me and the wee fella. Raith Rovers ticket bought also up beside the GB.

     

     

    Total cost = £161.00

     

     

    That’s just over £20 a ticket for 4 games for both me and my Bhoy with 3 of those games being top notch quality football games.

     

     

    All games involve watching the greatest football club every formed bar none.

     

     

    Hail! Hail!

     

     

    MWD

     

     

    PS. Does Jinkybhot live in a tent at Celtic Park. Every time I’m in the vicinity he is there. Good to see you again buddy.

  12. newradbhoy on

    Sammi got a knee injury before, playing for greece, ( he had to have a small piece of cartiledge removed).

     

    Greece did not pay his wages, (i think there is a rule , or agreement that if a player gets injured whilst on duty for his country , they pay his wages untill fit).

     

    I may be wrong, propably am, but if so i wonder if they will pay this time.

     

    Also after his last injury it took him a while to get back to his best.

  14. TheBarcaMole on

    Call yersells Sellik supporters……..

     

    Damn disgrace the lot ay yeez………………….

     

    Looked back again and then again an no wan ay yeez has mentioned ‘TIM MEN’ ………..

     

    eh ah meant ‘Tin Men’……….

     

     

    “I don’t know the guy”…………”I don’t know the guy”……..”Think he is indicating that he doesn’t know the guy”……….

     

     

    TheBarcaMovieman………….

  16. South Of Tunis on

    If you are watching and if he is playing ——-

     

     

    Darko Lazovic —— winger — Red Star Belgrade

     

     

    ” If he learns to think more and run less , he could become as good as I was ”

     

     

    Robert Prosinecki .

     

     

    Italian bookies offering significantly lower odds on a Serbia win than Scottish bookies . Italian bookies offering significantly lower odds on a Macedonia win than Scottish bookies . Why might that be ?

  18. mammymabawsburst on

    A few years ago my sister in law started a collection of Oscar winning movies. I had a look online and realised that there are hunners of great films among the ones that didn’t win an Oscar.

     

     

    These types of selections are very subjective and the Oscars are very political. Based on this mornings offerings I’ve now got a longish list of foreign movies to start on, so thanks everyone in Timland.

     

     

    As a child my Granny took me to The King And I in Riddrie and I was captivated by the spectacle. At the Toledo in Muirend or Odeon in Rutherglen (usually) I have fond memories of The Train and Sound of Music among others. Then all the Carry Ons and James Bond films. Maybe not all make the best list but entertaining none the less.

     

     

    Cheerio!

  19. voguepunter on

    Orank oot of order ,oot an aboot up the Halfway,try not to look too handsome as this will

     

    upset thems.

  24. Summa of Sammi.... on

    .

     

     

    Moonbeams..

     

     

    JinkysBoy.. Will Not like You spelling his Boy with a ‘H’..

     

     

    But will Probably Dislike JinkysBhot even Less.. Ha Ha..

     

     

    Summa

     

     

    Ps.. btw he is there a Lot..

  25. AikiBhoy on

    Hi Bhoys!

     

    —————————-

     

     

    SuperSutton

     

     

     

    08:01 on 8 September, 2012

     

     

     

    Samaras injured, Matthews hobbling at end of Wales game. Any others? Nothing to do with Lennoxtown.

     

    —————————————–

     

    Don’t be so quick to write off lennoxtown just because injuries are happening in competitive games.

     

     

    If there is a systematic problem at Celtic wether it be lennoxtown surface or a training formula problem it can degrade the body over time.

     

     

    Any type of weakkness is very likely to surface in a competitive match where the players are giving their all and the tackles and challenges are flying in hard. A tackle that a player could withstand otherwise could become an injury if they are suffering from weaknesses due to the training regime or surface.

     

     

    I am becoming more and more convinced that something is systematically wrong at Celtic injury wise. It needs looking into for sure.

  27. proudbhoy on

    voguepunter

     

     

    12:24 on 8 September, 2012

     

    proudbhoy.language ,keep that for the nightshift.)

     

     

    Sorry didn’t think.. What’s watershed ? I’m in Thailand .. 6hrs ahead of Celtic park time so can I curse before some on here :)

     

     

    Just had t.v on in background there and the magnificent Thai Tims came on..singing in Thai but had the Celtic gear on.

  30. Jungle Jim on

    1)One Flew Over the Cuckoo`s Nest.

     

     

    2) Brassed Off.

     

     

    3) Angels` Share.

     

     

    4) Nuts in May.

  33. proudbhoy on

    @JMcC_23: i apologise for my tweet last night, it was stupid, disrespectful and i let my frustration get the better of me which still aint an excuse

     

     

    James McClean posted that 15mins ago

  37. sixtaeseven: Supporting the Finest Team in Scotland on

    Saint Stivs

     

     

    Jeezo – how could I have forgotten the Vikings !!!

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