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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. What time does the quiz start tonight have house to maself so I’m off to pub for a couple of hours on the way home pick up a ruby and a little bottle of Brandy and sit in waiting for afore mentioned quiz

  2. thomthethim

     

     

    We have to evolve and it will be fantastic to go up against Barcelona again, the links will be renewed.

     

     

    Celtic will surprise people this season, we have that youthful exuberance that will be tightly wound up for the right nights.

     

     

    I would not be surprised if we made the last 8 but will be satisfied if we get 3rd in the CL group.

  3. Philbhoy - It's just the beginning! on

    bjmac

     

     

    Bluebird! Bluebird!

     

     

    Whit’s rang wae “Greenfinch” or “Greenshank”, or even “Green Brigade” man.

     

     

    Ye’ve forgot yer roots allready, so ye huv!

     

     

    (Good luck in your new venture, things will pick up! If only I could get 1/12th of my annual target every month, life would be so much easier!)

     

     

    Best wishes!

  4. A difficult day for me but so much more so for so many…………..

     

     

    Dear God.

     

     

    Good night and God Bless all of my friends; especially those who have went before me.

     

    Grant their families the strength, courage and resolve to carry on……….

     

    Please grant me that same strength, courage and resolve required, to be as good a friend to those who are still here and struggling to make a positive difference……..

     

     

    Regards & Hail Hail

     

    TBM

  5. Brogan Rogan Trevino and Hogan supports Kano 1000

     

    13:45 on

     

    7 September, 2012

     

    **************************************************

     

     

    Hi BRTH just on blog looking back saw you were looking to contact me I have just emailed P67 if you want email or moby.

     

    For speed BT also have my details, will be going out for a beer about 8.00.

  6. Algarvian

     

    13:53 on

     

    1 September, 2012

     

    For the gamblers.

     

     

    Celtic to qualify from group G.

     

     

    Looking at the group, if we take Barca as a given to qualify, there is one spot left.

     

    I don’t see much between the 3 of us and was expecting 5/2 tops.

     

    I am astonished to see us at 6/1 with 2 bookies, this is an outstanding price.

     

    Also v Benfica, at home, 11/4? Another huge price.

     

    English based bookies tend to dismiss us, take advantage of their arrogance.

     

     

    To add to this, Benfica have lost 2 of their best players, Javi Garcia and Axel Witsel. yet we are still 6/1, with 3 bookies.

  7. Wonderful conversation with a Ranger old/new fan.

     

     

    Seeing Dean Shiels come on for NI. He proudly said he was a Rangers player.

     

     

    When I questioned how he and ex Hearts players would want to play in the Third Division.

     

    He said they want to play for “The Rangers”

     

     

    He then went off on a rant blaming the SFA for their woes.

     

    “they want us to be a new team but to take the old teams punishment. It’s no fair that”

     

     

    “Charles Green agreed to that to gain a licence even though you did not have three years audited accounts ”

     

     

    “What are you the old team with all the debts or the new team with no history?”

     

     

    “disnae matter we are the peepil”

     

     

    Man city fan intercedes, ” with all your cheating you are lucky to be playing anywhere”

     

     

    Think my fellow Scot must have joined the wrong class when he signed up for the Master Debating Society.

  8. thomthethim

     

     

    We have to evolve and it will be fantastic to go up against Barcelona again, the links will be renewed.

     

     

    Celtic will surprise people this season, we have that youthful exuberance that will be tightly wound up for the right nights.

     

     

    I would not be surprised if we made the last 8 but will be satisfied if we get 3rd in the CL group.

     

    ******

     

     

    it’s about more than rising to the occasion and surprising teams.

     

     

    The basic style, or lack of it, is the problem.

     

     

    A skillful, ball controlling, football brained player is the exception in our game.

     

     

    E.g., Aiden is a stand out in terms of skill in tonight’s game and at International level, never mind club level, that is not good enough.

  9. TTT@18:00

     

     

    Ireland have been dreadful under Trapattoni for quite some time. The performances in Poland/Ukraine were dire and tonight is continuing in the same theme

     

     

    Methinks it will be a long time before Ireland grace a major tournament again

  10. SUNNI CAMLACHIE on

    Evening bhoys,

     

    Looking for some advice.

     

    My daughter, who stays in

     

    the east end of Glasgow ,

     

    is looking for a driving school

     

    with a good pass rate, good

     

    reputation,

     

    and preferably a Celtic

     

    supporter..

     

     

    Happy Celticing

  11. Googybhoy

     

     

    That WATP craic is their only attempt at justifying themselves they have

     

     

    A perfect example of their self appointed superiority…

     

     

    Oh how we will laugh when Green screws them over

  12. googybhoy

     

     

    Your pal reminds me of the ‘How to explain debt to a hun’ spoof on Youtube!!

  13. I was going to go to them PF but decided to buy another pint… o))

     

     

    They used to offer a guaranteed pass…

  14. blantyretim

     

    18:34 on

     

    7 September, 2012

     

    Sunni

     

     

    Carmyle driving school have a good rep.

     

    ———————————————————-

     

    Haud oan BT ,is uncle Wattie not workin for them noo?

  15. ….PFayr

     

     

    18:30 on 7 September, 2012

     

     

    Googybhoy

     

     

    That WATP craic is their only attempt at justifying themselves they have

     

     

    A perfect example of their self appointed superiority…

     

     

    Oh how we will laugh when Green screws them over

     

    _______________________________________________________________

     

     

     

    LOL LOL

     

     

    http://www.youtube.com/watch?v=qwrFPUoADJs

     

     

    WATP? it is being rammed right up their proverbial and they can’t say a thing, Ingenious.

     

     

    I’m just very thankful Dr Reid took a step out of the limelight when he did as he was not winning us anything on that park.

  16. LOoks like trap picked wrong line up yet again.. Can’t see game as in Thailand but can nearly picture it.

     

     

    Regarding bringing in foreign coaches to take over our youths ? it’s the best idea Iv heard in long time. Difference in Techique is scary sometimes.

  17. SUNNI CAMLACHIE on

    bt

     

     

    carmyle ds,

     

    are no longer ..

     

    BSM don’t seem to have a good

     

    reputation. ( Instructors have second names as first names )

     

    thanks anyhow …

     

    Keep Celticing

  18. We were accused of being paranoid which is impossible as a group as large as we are, it is not possible as Paranoia is a singular human condition and it has been proved beyond all doubt that we were not paranoid, or are paranoid. Obviously however it is possible for a large group of people to have the viscosity of excrement in a bottleneck.

  19. Sunni

     

     

    at least I tried mate…

     

     

    as for those two PF and VP… hmmmmph….

     

     

    Im away…

     

     

    later bhoys…

  20. Having just watched Craig Levein being interviewed on TV. I think I’ve now solved the mystery of ‘who is Declan’….

  21. Who gives a 5star flyin’ ***** what a bunch of horrors in the 4th. tier say, with their empty blustering threats.

     

    I just got William Hershaw’s collection of poetry today ; and tucked inside, unbeknownst to me is this gem.

     

     

    ‘Johnny Thomson’

     

    + + +

     

    “Johhny Thomson, lithe as Spring,

     

    an athlete and a ‘keeper

     

    wha could save near onythin’

     

    but one wanchancy kick ti the heid

     

    and the lave o his young life

     

    gien scant time ti floor

     

     

    Ye still meet auld men

     

    wha walked ti his funeral in Cardenden

     

    wha’s faces bloom and een

     

    moisten at memories o days lichtened –

     

    brocht fae Brigton Cross and Means Tests

     

    bi his gracefu dives and shut-oots.

     

     

    Johhny thomson, in nineteen thirty one,

     

    kent naethin o politics or bigotries

     

    and lay deean at Ibrox park

     

    whaur the hoots and jeers

     

    grew and spread like weeds

     

    and wad hae drooned oot the terraces at Nuremberg.”

     

     

    HH.

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