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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1,376 Comments

  1. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    Shane …….Doctor Zhivago …….The Quiet Man……….She Wore a Yellow Ribbon

     

     

    I know Doctor Zhivago isn’t a western, but my favourite film of all time …. Normally only watch any film once but went to see it about 10 times…..I still don’t know exactly why, though …..!!! ….. LOL….!!

  2. Here’s a Throwaway… Factotum…

     

     

    “When Technicolor Movies came in the Front Door..That wiz the Signal fur awe the Good Movie Plots, tae oot the Side Door, Sidle.”

     

     

    Who said that?

     

     

    Why, Lou.. of course.

     

     

    Me?

     

     

    Ah agree wi’ He..

     

     

    Ah Sure Miss awe they Grippin’ Black and White Movies o’ the Past.

     

    Modern Movies… Reek.

     

     

    Kojo.. Jist in.

     

     

    Still, Laughin’.

  3. The Toy Story trilogy!

     

     

    Brilliant!

     

     

    Far too good for weans!

     

     

    The finale of Toy Story 3 had me in tears!

     

     

    HH!!

  4. Same Lassie been cutting my hair for about last thirty years…downside based in ML6, round the corner from one of their pits. Forgot they were out goose stepping today…just had to walk half mile to get where I wanted to be. Consoled with the fact I marched through them with chin up and chest puffed out, no Hoops on but Brazil top on…:)

     

     

    Keep the Faith!

     

     

    Hail Hail!

  5. While I lived in England, I supported Scotland (football). I moved back just over five years ago and, owing to the predominance of “Rangers” people in the SFA and the perception that ” Rangers” took priority over the national side, I am no longer interested. Indeed, against certain teams—Spain, France , Brazil, Holland—I probably “support” the opposition.

     

    Simultaneously, I quite strongly support many Scots in individual sports and they do not have to be Celtic supporters! eg Andy Murray,Stephen Hendry, Chris Hoy.

     

    JJ

  6. ‘My Life’ starring Nicole Kidman and Michael Keaton.

     

     

    ‘The Killing Fields’.

     

     

    ‘Full Metal Jacket’

     

     

    ‘Good Morning Vietnam’

     

     

    ‘Platoon’.

     

     

    HH!!

  7. Marrakesh Express on

    Just switched off shortbread. I cannot stand to listen to Nevin. He’s famous for having a go at us during the half-time bbc coverage of last years cup final while staying schtum when its thems. But Nevin has previous. About 5 years ago on BBC 5 live he spoke of his love for CFC as a kid but then came out with..’I support Scotland and Chelsea nowadays as I cant be part of the bigotry and sectarianism that goes on in Scotland, and Celtic are just as bad as Rangers’. He knows the real story alright, but like many others thinks its wiser to have a kick at Celtic in orrder to keep a media job.

     

     

    hh

  8. sixtaeseven: Supporting the Finest Team in Scotland on

    Some great posts over on the Scottish Football Monitor blog (with great contibution from TRBH) about next week’s meetings chaired by Lord Nimmo.

     

     

     

    Nimmo?

     

    Was he no’ in that film “20,000 Leagues Under the Sea” along wi’ Kirk Douglas?

     

     

    I hope that’s where he puts them, cos “Three leagues Under the SPL” is too good for them.

     

     

    Je vais chercher mon monteau…

  9. Marrakesh Express on

    Switched over to Radio 2 and its Pick of the pops with Tony Blackburn and its 1967. Not only a great year for football. I know its an age thing but I could pick any year between 65 and 74 as my favourite. Funny enough that was the 9iar era too. And at that point the huns switched off.

     

     

    hh

  10. Marrakesh Express thanks for that I,ve also just switched to Radio 2 can,t stand that wee nyaff Nevin. Hail Hail Hebcelt

  11. My dear,dear,dear,friend.. The Singing Detective

     

     

    Mornin’.. Pally.

     

     

    Nice tae Greet ye.

     

     

    Grab a Seat.. and Let’s hiv

     

    Some..

     

     

    Unserious..

     

     

    Cussin’ and Discussin’…

     

     

    Oh. Ah furgoat.. oan here, the Proprieties must be . observed an’ served..

     

     

    so..

     

     

    Discussin’..it wull be.

     

     

    Ah .. the Boss?

     

     

    whita a Splendid Fellow..

     

     

    Ah saw him… Last week.. when Ah paid a Visit tae Pennsylvania..

     

     

    Bye the Bye Bye..

     

     

    KDS..

     

     

    Sucks..

     

     

    and ye kin Quote me oan that..

     

     

    It is filled wi a Bunch o’ Sweetie Wives

     

     

    we hiv a Few here, tae. as ye and Ah know…tae oor extreme Irritation….too well ..

     

     

    But, That is the Price that Baith o’ us his tae Pay .

     

     

    Fur being.. well.. DIFFERENT.

     

     

    Right?

     

     

    Darn Right.

     

     

    Nice Chattin’..Palomine..

     

     

    Keep up the guid woik.

     

     

    Kojo

     

     

    Yer pal. who thinks yer swell..

     

     

    Still.. Laughin’

  12. Marrakesh Express on

    My grammar in last post was just careless and not a reflection on my St. Dominic’s education.

     

     

    hh

  13. Marrakesh Express

     

     

    Totally agree!

     

     

    1965-74 was a fantastic era for both music and fitba’ – well for us Tims anyway!

     

     

    We all know that the huns have no taste whatsoever when it comes to music – or fitba’ for that matter!

     

     

    HH!!

  14. Marrakesh Express on

    67 is typical of hit parades of the time. Absolute belters like Beatles, Small Faces and Scott McKenzie but mixed with Des O’Connor and Ken Dodd. And as I speak on it comes…one of my all time top 5 songs..Itchycoo Park..I suppose one of the reasons I love this stuff is that everything Celtic was brilliant at the time and the memories come flooding back…Best team on the planet in fact.

     

     

    hh

  15. Small Faces!

     

     

    Brilliant!

     

     

    Still listen to them! ‘All or nothin’.

     

     

    A classic!

     

     

    HH!!

  16. SUNNI CAMLACHIE on

    Lots of good films,

     

    Some of my favourites are:

     

    Dogma,

     

    That sinking feeling ,

     

    and The blues brothers…….

     

     

    I suppose all of the above

     

    films could be related to

     

    the huns current plight …

     

    Happy Celticing

  17. sixtaeseven: Supporting the Finest Team in Scotland on

    67 is the year that the world changed from B&W to technicolor.

     

     

    The Beatles & Sgt Pepper, Clint Eastwood & the Bad & the Ugly, Scotland & Wembley, and best of all Celtic & Lisbon.

  18. morning from a very rainy toronto.cant complain first in weeks.

     

    like to throw in….. the mission and harry brown

  19. UK no 1 single 25th May 1967:

     

     

    ‘Silence is golden’, The Tremeloes (!).

     

     

    Very apt if you were a hun back then!

     

     

    HH!!

  20. Sammi, could be…

     

     

    Oot fur.. Two or Three or Mebbe.. Four Months.

     

     

    Ah am beginnin’ tae become Uneasy.. Regarding, oor Chances o’ Advancin’

     

    very far.in the Upcomin’ Euro Tournament.

     

     

    Sammi, hid become wan o’ oor Prime Assets.. when we hiv bin playin’ agin

     

    Excellent Continental Oppo.

     

     

    Ah regret , Ma past condemnations and excoriations.. which Ah had Heaped upon his

     

    Shaggy Heid…

     

     

    Fur. Sammi did.. whit Ah asked him .. tae..

     

     

    He ..

     

     

    IMPROVED..

     

     

    And.. that is really awe that Ah demand fae a Celtic Player.

     

     

    IMPROVEMENT..

     

     

    Noo.. Darling.. Charlie.. Improved.

     

     

    Jamesy.. Improved.

     

     

    even.. Broonie.. Improved..

     

     

    Kelvin Wilson.. Improved.

     

     

    Ledley.. Improved.

     

     

     

     

    Several o’ oor Present Lot o’ Players..

     

     

    Hivnae.. well..

     

     

    IMPROVED.

     

     

    In fact.. they hiv

     

     

    Dis- Improved.

     

     

    such as… Izzy.. Hoops,Stokes, Commons..

     

     

    Sammi. Get Well soon, Kiddo..

     

     

    Kojo

     

     

    Still.. Laughin’

  21. Most Clint Eastwood movies

     

    Das Boat

     

    All the old horror movies,,, bella laghostie, frank einstein, dracula

     

    The french connection

     

    The african queen,, a bohgart classic

     

    Lock stock, rock n rolla, snatch

     

    Mash

     

     

    I could go on, and on, and on

  22. 1967 —- Music and Fitba .

     

     

    March 30th 1967 ——- Glasgow Locarno —

     

     

    Booker T and The MGs / The Mar-keys/ Eddie Floyd / Arthur Conley / Sam and Dave / Otis Redding .

     

     

    May 25th 1967 —– a stadium gig in Lisbona —— Celtic ! .

     

     

    A very good year !