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. CultsBhoy loves being 1st forever & ever on

    Time for SSN to wheel out Jim Wyte..

     

     

    ” Craig – Why ARE you soooo sh*te?”

  2. Just watched Levein in his post match interview.

     

    Not sure if that was because he realises his jacket is on a shoogly nail, or , if he was anxiously waiting to see how the sales of the goofy sunglasses he was showcasing went

  3. miki67

     

     

    Just playing with your head – probably looking at 2pm in Central ( nice and public like ;-).

     

     

    I’ll send on my mob in case any plans change.

     

     

    Looking forward to some decent football after watching that today.

     

     

    S

  4. Is there any alternative to Levein? Be careful what you wish for. Walter naename may be recalled or Craig Brown or Macleish? One worse than the other. Smith and Brown are probably the 2 individuals most responsible for our awful football. They created what Messi called anti-football. Scotland will be shot through with it, so long as we persist with the likes of Webster, Hutton, Adam & Naismith. As for Miller, his day is long gone. All that remains is his endless headless chicken routine.

  5. Instead of booing at the final whistle, the TA should do the decent thing for Scottish football and boycott the SFA.

     

     

    I assume the bulk of them support clubs who resisted the gerrymandering attempt by the SFA during the summer, so, why do they support the organisation which is at the root of the corruption?

     

     

    If there is any crumb of comfort in Sammi’s injury last night, then it may be that his absence will enable him to fully recover from the more serious back injury.

  6. I am going to try to be balanced.

     

     

    I have never liked Craig Levein as a manager since he brought a Hearts team to CP and they continued to play defensively after they went 1:0 down against a MON team.

     

     

    Today he picked a fairly predictable team and they played better than Serbia but, like the Serbians, they carried little goal threat. We heard all week from Peter Houston that we were going to give it a lash but this turned out to be a more fearful display from a team that was bursting to impress early on.

     

     

    Some of the ex- Rangers players actually had reasonable games, Naesmith and Hutton especially, but any novice manager would have removed Kenny Miler 10 to 15 minutes earlier than Craig did.

     

     

    That was a game Scotland could and should have won. Many others will be a lot tougher. I expect Belgium to top the group but 2nd place was available to any of the other teams. We have just given ourselves a big handicap to overcome.

  7. Shady

     

     

    Thanks mate that was nice of you but 5 mins back in the door and you feel as if you’ve never been away!!!

     

     

    Need a holiday :-)

  8. I’m old enough to remember the 1974 World Cup, when Scotland could call on the services of players like Jinky, Davie Hay, Danny McGrain, Kenny Dalglish, Denis Law, Billy Bremner, Peter Lorimer, Willie Morgan and Joe Jordan to name just a few!

     

     

    What happened?!

     

     

    HH!!

  9. sixtaeseven: Supporting the Finest Team in Scotland on

    ElDiegoBhoy

     

     

    WGS – that’s a good shout, but i fear we’re stuck with CL now.

     

     

    It’s already looking a big ask to get to Brasil 14.

     

    ;o)

  10. I don’t want WGS as the next Scotland manager!

     

     

    He would pack his squads with Celtic players!

     

     

    Unless he came to an agreement with the club not to pick any!

     

     

    HH!!

  11. Taranis

     

     

    Aye your probably right. I’ve heard their conversations about different ‘styles’

     

     

    its all the same to me though lol

     

     

    HH

  12. The dead ball situations that Charlie Adams wasted today were quite remarkable. If Craig Levein really believes that 7 or 8 players are in line before Kris Commons then Scotland have a real management problem.

  13. SFTB,

     

    I don’t think we are in an overly difficult qualifying group.

     

    Belgium are decent , but they are no more than a 2nd rate Euro team urgently on a hot streak. By comparison we have gradually worked our way down over the last 20 years from 2nd to 3rd to 4th rate European team. A succession of poor managers, which started with Brown have overseen this. Brown has never been held to account on the fact he was manager and national coach …today’s players were the generation we inherited from his coaching legacy.

     

    I was actually hoping in the last 10, that Serbia would score. Some might accuse me of a lack of patriotism, but , my patriotism is that I want better for Scotland, and that isn’t going to happen under Levein.

     

    If he were to go now, we have a reasonable, but not great , bunch of players, and finishing second is not being over optimistic.

  14. Tallybhoy

     

     

    Think he might exclude the very many non Scots in our squad:o)

     

     

    Anyway if Levein is punted, unlikely, big Feckless is waiting in the wings sadly.

  15. Tallybhoy

     

     

    The Huns ruined Scottish football with their largesse and their cheating to maintain it

     

     

    Young Scottish players were never given a chance ….we have some good young ones now so we might be better in a few years

     

     

    Not that I’m that interested in any outfit overseen by that morally bankrupt organisation that is the SFA

  16. If the referee had seen Naismith’s challenge Scotland would have been down to ten men after 10 mins. He was incredibly lenient towards Hutton’s 2 footed challenge also, which should also have seen a red card produced

     

     

    ttt@17:10

     

     

    Great post regards the TA. I posted similar comments on TSFM about them. They couldn’t give a fig about the Scottish game or even the national team’s results. All that matters is getting on the booze whether its home or away.

     

     

    If they cared at all, they would have threatened a boycott of both of Scotland’s 1st two WC qualifiers at Hampden unless Reagan + Ogilvie applied the rules. Instead they did nothing

     

     

    The TA are as bad as Oglivie + Reagan imo

  17. Big G

     

     

    Not an expert myself but did spend a lot of my youth in the Arches during late 80’s / early 90’s when Slam were playing. Where is you bhoy dj’ing ?

  18. Neil canamalar Lennon hunskelper extrordinaire on

    Well, all I can say is, lucky it was Sammi that got the arm injury.

     

    It could ah e been a career threatening injury had it. Een Jamsiebhoy :oD))))

  19. ElDiegoBhoy

     

     

    We do have a few Scottish players in our squad:

     

     

    Mulgrew, Brown, Commons, Forrest, Watt, McGeough and, eh…some other youngsters!

     

     

    HH!!