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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. .

     

     

    EDB..

     

     

    Re; 001..

     

     

    l Heard he had a Guid night Oot with M42 and JinkysBoy..when he was Home..

     

     

    Rumours abound that he is in Vegas and EasterHouse with the Coterie..but l think that is Rumour Ironmongerying..Ha..

     

     

    Apart from that..i Heard he and His Daughter are Fine..and Dandy..

     

     

    Summa

  2. Taranis

     

    17:02 on

     

    8 September, 2012

     

     

    The SFA have undermined Celtic FC for a Century

     

     

    The bunnet disgraced them by threatening legal action, which led to the best adminstrator (ha ha) walking away

     

     

    We have a lame duck president who is ridiculously comprimised due to his connection with a disgraced corrupt ex club

     

     

    Celtic FC have poured resources which include financial medical and football into helping James Forrest to become the player we see now and hopefully to achieve his full potential i hope James knows who his first loyalty is due to, rather than the nonsense you spout

  3. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    parkheadcumsalford

     

     

    16:55 on 8 September, 2012

     

     

    As you say, if oldco is all Scotland can call on, they can forget it……..all the usual hype before the usual dross ….. All I have to say is, if Scotland want do without the likes of Commons, Forrest in their current form, fine…..let them get on with it……. miller ?….adam ? … hutton ? .. they’re having a laugh …….. And I’m not saying this because I’m a Tim …..commented on here when I heard the team

     

     

    …..and the ONLY reason I am angry is because, once again, if you are a Celtic player, you are not judged on your ability, skill, experience, current performance for tha Scotland team …….FACT

  4. All this talk of ex rangers players diving and smashing around reminds me of the story of the Great Northern Diver’s last appearance on London’s green fields.It was then prophesied that it would never darken Whitehart Lane’s lush pasture again. Sure enough it found it’self unwelcome and never stayed in the sunny south again but returned to the colder realm from whence it came. There it found refuge and indeed welcome on the less lush pasture in Govan where it had many happy and appreciated years doi.

     

     

    ng as it had in the past. I also remember in the Scotland colours as it was standing on the line as on the riverbank when its rear end went thataway just as an eastern european passed by in haste and the Diver did what it did which caused problems for the passerby and later resulted in a melee of bad feelings before the games end. This lovable diver was given the nickname of a machine that played music. Years later these habits were passed on as I also remember a Danish Loven doing the same as Hendryk passed behind. The asshole propelled itself backwards flattening our Scandinavian and then “dived” forwards holding its head in its hands feigning hurt which succeeded. Some things never change only rehearsed more!!!

  5. Tallybhoy

     

    17:14 on

     

    8 September, 2012

     

     

     

    You are spot on. I remember being fired up & excited before Scotland matches in those days. We are a very poor imitation today. Players who have no first touch whatever; unbelievably bad. They couldn’t pass gas. It must also be said that the “manager” has no clue whatsoever regarding selection or tactics. I wont watch this trash any more.Bring on the Bhoys’ games. I wont watch this “National Team” trash any more.

     

     

    HH Gerry

  6. All this talk of ex rangers players diving and smashing around reminds me of the story of the Great Northern Diver’s last appearance on London’s green fields.It was then prophesied that it would never darken Whitehart Lane’s lush pasture again. Sure enough it found it’self unwelcome and never stayed in the sunny south again but returned to the colder realm from whence it came. There it found refuge and indeed welcome on the less lush pasture in Govan where it had many happy and appreciated years doi.

     

     

    ng as it had in the past. I also remember in the Scotland colours as it was standing on the line as on the riverbank when its rear end went thataway just as an eastern european passed by in haste and the Diver did what it did which caused problems for the passerby and later resulted in a melee of bad feelings before the games end. This lovable diver was given the nickname of a machine that played music. Years later these habits were passed on as I also remember a Danish Loven doing the same as Hendryk passed behind. The asshole propelled itself backwards flattening our Scandinavian and then “dived” forwards holding its head in its hands feigning hurt which succeeded. Some things never change only rehearsed more!!!