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. Anyone mentioned Once upon a time in America. Classic .

     

    Outlaw Josie Wales. another

     

     

    The Big Sleep . Three top class. movies .

     

     

    Hail hail.

     

     

    Mt

  2. Brian Scott of the Daily Mail advocating the return of Andy Roxburgh to the Scottish FA to assist Mark Wotte

     

     

    Aye Brian, a jumped up primary school teacher (like his pal Craig Brown) will really restore Scottish football to its former heights

  3. archdeaconsbench on

    Billy Liar,

     

    The Odd Couple,

     

    Pulp Fiction,

     

    The Godfather,

     

    The Big Lebowski….

     

     

    On another note, after digesting the unabashed positivity (best squad of players in years, we can win every match during qualifiers..) eminating from the wireless and the chip wrappers ahead of the game today, I can’t help thinking of two words. Ally McLeod.

  4. Ten Men Won ——-

     

     

    Many thanks !.

     

     

    Tadic plays for Twente ?

     

     

    Tosic is the guy who ” failed ” at Man U and now plays in Moscow ?

  5. jude2005 is Neil Lennon \o/ on

    My son just gave me 4 miniatures of Hankey Bannister whisky he won at the golf yesterday. He dont like whisky. Acch well one must i suppose!! <0))

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

     

     

    Noah.. wiz fun.. T-Bone, Wiz tae.

     

     

    The Tommy Knockers and Hyacinth..

     

     

    who wiz Queen o’ the May~

     

     

    Yep..

     

     

    They sure don’t mak.. Bloggers like the used tae..

     

     

    Nae.. Style.. Nae Class..

     

     

    and

     

    Defintootly..

     

     

    Nae ..

     

     

    Pizzazz!

     

     

    Kojo

     

    Yer pal.. who likes ye aloater

     

     

    Still, Laughin’

  7. jude2005 is Neil Lennon \o/ on

    Wouldnt like to see Rogne leave. Wilson played like he’d never saw a football before V Hibs last week.

  8. .

     

     

    Kojo..

     

     

    Sammi Never got Better..

     

     

    Lenny played him in the Right Position..

     

     

    AND..!!

     

     

    This is the Crucial part..

     

     

    Signed Players that he Could Play with..

     

     

    They maybe don’t have Sammi’s Football brain or Heart..

     

     

    Yes Kojo Heart..

     

     

    But they are Light Years better than Skippy..

     

     

    and..

     

     

    btw..

     

     

    l think/thought this Season would be Sammi’s Finest..

     

     

    So as Ye Say..Haste Ye Back..

     

     

    Yer Pal..Who like Ye..But ye Have ALWAYS been wrang aboot My Sammi..

     

     

    Summa of DiscilpeOfTheProphetSamarasCSC

  9. Sitting in stunning Budapest soaking up the sun at the Caledonia bar -Celtic memorabilia everywhere –

  10. Is kick off for Scotland 3pm Scotland time?

     

     

    The reason I ask is a Czech station is showing the game at 5pm here.

  11. Steinreignedsupreme on

    Scotland v Serbia or as the Sevco fans would say; Scotland v Yugoslavia.

     

     

    Either way, I’ll be watching paint drying. That’s much more entertaining.

  12. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    I cannot believe that Scotland team ……. Nothing changes

  13. My dear,dear,dear,friend.. Summa o’ Sammi… Ah always Liked yer Blog Name,pal… though.it’s a Doozie~

     

     

    O.K.

     

     

    Ye got me..

     

     

    So. Ah wull mak ye Happy..

     

     

    Ah wiz Wrang, aboot.. Sammi… and you Wiz Right~

     

     

    Like ye said..

     

     

    It wiz awe..

     

     

    Lenny’s Fault.. Right?

     

     

    He wiz :Playing , Sammi.. in awe the Wrang Positions…

     

     

    Sammi,in Nae Striker.. He is . whit is Known in the Trade..as

     

     

    An ENABLER..

     

     

    He is the Best ..PASSER o’ a Ba’… that we hiv oan oor books..

     

     

    and.. Incidentally..

     

     

    Lenny, still diznae understaun, the Bhoy.. fur frum.. fae time tae Time

     

    He still insists oan .. Trying tae Mak.. Sammi.. a Striker.

     

     

     

    Ah don’t know aboot that Guy.

     

     

    Nice Chatting..as always..

     

     

    Kojo

     

    Yer pal.. who likes ye mair and Mairer..

     

     

    Still Laughin’

  14. SoT

     

     

    Yes, Tadic joined Twente for circa £7m in the summer

     

     

    Hutton will have his hands full with Tosic. Put him down for a booking against the Serb

     

     

    Ninkovic is also a good player. Has an eye for a pass. Very creative

  15. .

     

     

    Are Rangers Finished With Scotland?

     

     

    It would be no overstatement to suggest Rangers as a club and its supporters have endured a troubled relationship with the Scottish national team and its governance in the past decade. As recently as 2008 under the quite catastrophic George Burley regime, Lee McCulloch seemed to sense all was not well in the international fold and publicly announced his retirement. This was then followed up by the Loch Lomond booze incident in 2009 involving Barry Ferguson and Allan McGregor, to name just two, who were then dropped for the following match at Hampden. Their response was immature and shameful, and rightfully punished, but they were banned for life as a result which was a ridiculous sentence. To delve more into the fractured past would simply unearth too much dirt for one article, so let us get to the present day.

     

     

    Under the current regime, managed by Craig Levein, one which sees the Rangers contingent all but erased from the fold, it is safe to say the relationship between club and country has become permanently blighted. Never highlighted more in one incident than with Rangers’ midfielder Ian Black booed venomously during his national debut at Easter Road, something which was widely condemned by all sensible observers (such as, dare I say it, Craig Burley, the nephew of the former national boss), the poison which has surfaced to scar the situation is beyond toxic.

     

     

     

    Should have been his proudest moment.

     

    The question underlying all this is can this ever be healed? One day when Rangers are back in the top flight will time have healed the wounds and some kind of understanding be reached between Ibrox and the national regime again? Or is the club destined to be the black sheep of Scottish football – the most talked about and most supported club in the land but shunned by its peers and ignored by its association?

     

     

    This question begins with Rangers fans. Do Rangers fans still support Scotland? Does the support from Govan give its best wishes to the national team, despite the friction between the two, or have the Ibrox faithful grown weary of the persecution and now distance themselves from involvement or interest in the national team?

     

     

    It is difficult to give a completely assured answer to that. There are fans of the national team among the Rangers contingent who completely recognise the other SPL supporters hate both them and their players (along with the SFA) – but who cannot bring themselves to disown the national team as it is still their own. Scotland is still their country, and while the lunatics may now run the asylum, it is still their asylum as much as anyone else’s. They will not attend the matches nor will they hold any trust in Craig Levein’s rather scratchy management, but they will still hold dear this country and desire success upon its national team, regardless of the political junk which has wrecked it.

     

     

    There are other fans, however, who take the opposite view. That they no longer recognise the national team, that they despise the SFA, SPL, its fans, and the almost uniform elimination of Rangers from the national setup. That they hold the Tartan Army in nothing but uniform contempt due to it being composed of many supporters who would want Rangers dead. That the likes of comments from Craig Levein slating Ian Black’s ability do nothing to help endear the Ibrox faithful to this regime. For the boss to have said Black would not have made the team but for injury, and to state categorically he is not a first team choice really is quite the worst man-management since George Burley. Who, ironically, is his predecessor.

     

     

     

    Is this where it started?

     

    Perhaps, though, the biggest problem with the Scotland setup in Rangers’ fans eyes is it is governed by the atrocious SFA. The Scottish Football Association, with Regan as captain, is one of the worst-run organisations in football circles. And its clear anti-Rangers agenda of the past number of months has stained indelibly into the souls of Rangers fans, many of whom cannot bring themselves to will any success on the national team which represents such an association.

     

     

    Let us be clear – any disdain for the national team is not filled with contempt for the players (with the notable exception of those who defected from Murray park so disrespectfully and those who ply their trade so poorly with the green half of Glasgow – which probably does not include Forrest or Mulgrew who just get on with it and in the latter’s case actually provided fair and decent comment about Rangers’ situation), they are just doing their job. They cannot control what occurs around them.

     

     

    It is contempt for the way the team is run, the way Rangers have been cast to the flames, and the way the national setup has become toxic in the eyes of many Rangers fans. As mentioned though, many bears have an enviable ability to rise above this and wish the best to their country, to support the national team whatever the weather. Those who manage to do this are able to put emotion to one side and remain patriotic. That is admirable.

     

     

    The others, cannot, understandably. And it appears they are in the majority.

     

     

    Whether or not these wounds will ever heal and all Rangers fans can enjoy the national team again without baggage is another question.

     

     

    Summa

  16. Situation Update….

     

     

    Latest Logbook Entry:

     

     

     

    HMS “Narrowboat Tim”….

     

     

     

    Current Location :

     

     

    Latitude : N 38 Deg 30′

     

     

     

    Longitude: W 28 Deg 0′

     

     

     

    100 Miles North Of Azores Islands….

     

     

     

    Single Fluffy Strato-nimbus……

     

     

    Oan The Western Horizon

     

     

     

     

     

    Scorchio….!

     

     

    ~~~~~~~

     

     

    Surfaced For Lunch….

     

     

    Mission Running To Timetable….

     

     

    Awaiting Covert Rendevous With Big J-O-O-O-E-E-E….

     

     

    For Transfer Of Classified Munitions….

     

     

    Over And Out…!

     

     

    LooseLipsSinkShipsCSC.

  17. Think aboot this..

     

     

    Hiv Ye no noticed…

     

     

    Celtic Players..

     

     

    Nevah…. Nevah Nevah.

     

     

    Get ..

     

     

    INJURED..

     

     

    When they Play fur..

     

     

    Eire.

     

     

    Hmmmmmmmm..

     

     

    Interestin’?

     

     

    Well… Ah find it tae Be..

     

     

    Kojo

     

    Still, Laughin’..

  18. Steinreignedsupreme

     

    14:26 on

     

    8 September, 2012

     

    Scotland v Serbia or as the Sevco fans would say; Scotland v Yugoslavia.

     

    ==============

     

    Nice one.

     

    Many years ago when the country was on the edge of all that communal violence, I heard it described as the Science Fiction Republic of Yugoslavia.

  19. I’ll always support Scotland but sometimes you read the team sheet and its flippin’ difficult!!!

  20. Yuck. 4-1-4-1 anti-football, inspired by the dark side, chock-full of huns. It’s difficult not to want that Scotland team to get humped.