I’ve had an initial read through the prospectus for yet another Newco, this time Rangers International Football Club plc, which “was incorporated with the intention of acquiring RFCL upon Admission in order to allow an investment in the Company to qualify for VCT and EIS tax relief”.
There can be no qualms from HMRC that anything has been hidden from them this time, incorporated to allow an investment to qualify for tax relief. RFCL (Rangers Football Club Limited) is not eligible for VCT and EIS tax relief, so the incorporation of a new company was necessary. HMRC provisions require VCT and EIS schemes to be used for genuine trading purposes, not as part of a tax avoidance scheme, so I’m sure the Newco’s lawyers have got all their details correct.
On the subject of getting details correct, the prospectus notes there are 33,415, 200 RFCL shares in issue. It then goes on to list the shareholdings of entities which own over 3% of the company, and lists 36,385,200 shares in this category. Shares held by entities with less than 3% of the company’s shares, such as the £700k-basic-per-annum-Ramsdens-Cup-flop McCoist, are on top of this 36million.
The prospectus also notes that if the issue is fully subscribed the new shareholders will own 63.3% of shares, not the 53.6% my calculator suggests (existing shares: 33.4152m, placing: 24.242875m, offer: 14.285714m).
Charlie Green is paying £2.5m for this issue, perhaps the cost of a calculator would have blown the budget.
Most curiously of all, the identity of those behind Blue Pitch Holdings, remains undeclared.
As you should know by now, the year ahead is an enormous one for the club. Many among the support, and at the club, want to use our 125th year to reaffirm why we are more than just a football club – we are a humanitarian phenomenon.
You are going to hear a lot about this over the next 12 months but this week you, me and everyone else are called to assist Teenage Cancer Trust and Celtic Charity by supporting a totally unique opportunity.
One of the world’s genuine A-list celebrities is lending his talent to our cause. Today, Rod Stewart’s new single, Have Yourself a Merry Little Christmas, is released in aid of Celtic Charity and Teenage Cancer Trust. You can download or buy a CD from Amazon, Play.com or, if you really want to, iTunes.
I want the objectives of the 125 4 125 campaign to succeed. This is a year when the Celtic Movement can push ahead in a way no other club or group can. The Rod Stewart brand gives us an opportunity to raise the profile of the larger campaign higher than the combines efforts of thousands of us online. He’s also a genuine, bleed-green fan with Celtic in his heart.
Encourage everyone you know to buy the single and get it as high up the charts this week as possible. You Have Yourself a Merry Little Christmas now.
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TET
Double paid the ‘trixie’ @ evens – its the 3rd bet that pays the cream!
TET,
Couldn’t resist :oD))))
Hail Hail
Jinks.
Id prepare efe played in midfield.
He doesn’t look comfortable as a cb and is damaging when going forward.
If wanyama is off i would like to see us invest on a solid cb.
praecepta
Aye and the bookie knows it.
Mate back in Dublin had a shop for over 30 years, he never cared about who would win a race, a game, he always said he wanted to know who was sure to lose, he could offer much better odds on them, it made him a very rich man.
As I said, it’s the greed that gets us, if we were all happy to wager a pound and walk away with a pound and maybes 20p,on top, there wouldn’t be too many bookies shops around.
I like efe at CH, he gives an attacking option with big runs, love it when he goes maurauding, feed the bear
I also love it when Efe goes off on a run, gives me the jitters, but what the hell, it’s good for keeping the old ticker going, better than a dozen press ups that’s for sure :>)))
macjay1 for neil lennon
23:09 on 9 December, 2012
The story I heard, as told by Rod in an interview, was Jock Stein told him all about Celtic, Kenny Dalglish was there too, as were other players, but it was the Big Mhan who sold the club to him.
sipsini,
I think Efe and Victor are interchangeable for both positions. Have you noticed both have the same boots now?
Efe, I am hoping, will make sure Victor stays at Celtic for a long time. ;))
All of this can’t be coincidence.
Wednesday night, if Victor was available then the switch would have been made to counteract the excellent Spartak forward.
Alex Ferguson wants Neil to replace him, he isn’t daft. I think Neil will be here for the next 2 decades though but will give Fergie a few excellent Bottles of Red over the next few years. ;)
TET,
You’ll notice when he starts he’s like Moses, the Red Sea parts and he just keeps moving into the space, teams are no set up to deal with it, they’re no sure what to do, he’s going to score a cracker soon taking the ball and running into the space, big Roy used to do the same.
petec
Why do you think swalex wants Lenny to replace him ?
A few texts and calls doesn’t warrant that imo :>)
canamalar
I have noticed that, thay all seem to back off, and it works, bizzare but it works.
And he is a quality footballer to boot, and is only going to get better.
Our next 10mill mhan :>)))
TET,
When we had MON, he was the replacement, then GS was going to be the replacement, so it’s natural Lenny would be next, innit :o)
Sportscene has morphed into the Benny Hill Show.
TET,
Like I said big Roy done it for years and even got a couple of goals, efe IMO is a bit better than big Roy, so he’s due some similar goals, more in fact, come to think about it maybe he’s no as good as big Roy :oD
I’m hearing the share offer ends 2040 :oD))))
THE EXILED TIM
I think Fergie is a massive Man U fan.
;)
What Neil has overcome will not be lost on someone like Fergie.
I think Fergie would step down at the end of the Season if he thought Neil would take over, contrast that with Mourinho who is desperate to get the Man U job, and has been for years.
As I say I think Fergie cares very deeply about that Man U job and wants to pass it on to someone even better. This is a man who’s love for Jock Stein is obvious.
I hope we face them in the Semi’s or even better still the Final as it would be an amazing Event.
I believe that Rod visited a Scotland training camp when Kenny was still at Celtic and it was he who introduced him to the Wonderful World of Celtic.
The next time I meet either, I’ll confirm and report back.
In the meantime, just take my word for it!
Canamalar it’s already 23:59!
canamalar
When Lenny leaves, and he will at some point, I have a feeling it will only be to a top club in engerland, but something is telling me it will be abroad, a top euro club me thinks.
Efe has only been her for five mins, give him time, he will be better than big Roy :>)))
Big Efe running, remind anyone of the Bear?The Bhoy needs feeding!
Petec,
I hope we don’t get them next, we can wave bye bye to Vic, no way will swalex want to face Vic if he’s got ambitions of buying him.
Petec.
Ye noticed efe and wanyama both wore red boots.
Hopefully we can hold on to them for a while.
Sadly the vultures are swirling and i think sooner rather than later lennys loins will be cherrypicked.nite to all.hh
petec
Aye, you could be right, swalex has massive respect for Jose, but I also think he sees Lenny as a young pretender as well, but I very much doubt he sees him as good enough to take over at manure next season.
Moyes will be the next manure manager, punt yer mortgage on it.
67H
In Rod’s autobiography he states 1974.
Kenny Dalglish,invited him to a Celtic training session.
He met Big Jock there for the first time.
A67
TET
Young one emptied her Bet365 a/c on a 9 team accy. All £1.79p of it. She was waiting on Barca for £185. Nervy last five mins. She’s won more than me already in the last ten years! ;-)
canamalar
25/05/2013 ;))
Here is the number 1 from December 1966…. I think us getting out of a group like that from 4th seed is very significant.
http://www.youtube.com/watch?v=a5IABqwVO2U
Green Green Grass of Home.
And the song that was at the top when Celtic made history before.
http://www.youtube.com/watch?v=vFDhIG-ou1Y
sipsini,
The red boots means they are communists :oD)))
emu
Tell her she is a star…
And I want some of her insight :>))))
Delighted for her.
HH
TET
Celtic, Atletico, Real, Arsenal, Chelsea, Man U, Juventus, Barca and I cannae remember the other one. They weren’t playing Stirling though. Offered her £100 for bet pre kick off. She saw Messi was playing and declined. ;-) She also withdrew her entire winnings 10 mins ago. A whole lot smarter than me.
emusanorphan
00:13 on 10 December, 2012
Good to hear she has emptied the bookies pockets this time, I hope she doesn’t get too fond of taking them on though.
Emus…,
Don’t worry, in a couple of years she’ll only remember winning and no spending and you’ll be getting asked what happened to the Seville money :oD)))
Petec
It makes a change from her emptying my pockets. ;-)
emu
Of course she is a whole lot smarter than you, she was taught well was she not :>)))
HH
Canamalar
She’s booked flights to London 24-26 May next year. She might be onto something!
Emus…,
Is she no buying tickes to the final first, watch yersel this could be an unfunded shopping trip, the devil is in the detail :oD))))
THE EXILED TIM
00:05 on 10 December, 2012
I’m not so sure if Swalex likes Jose as much as it is portrayed in the media. Roy Keane was very strong in his admiration of Jose but I am not sure why he was saying that, if he was hitting at Swalex or just genuine praise of Jose.
I will get back to you later on this evening as the guy I’m working with has been out drinking with Swalex (back in Buddies days) and a few other characters in Glasgow.
I think there is a much more genuine friendship between Arsene and Alex than Jose. It’s all mind games though at the end of the day. ;)) Neil has merely been introducing himself. :)
Bookies obviously price each football match ( or any other event) to give themselves a built-in ‘edge’.
He will price the 3 possible outcomes of any game to give himself a measured % profit.
Only if YOU know something that he does not know, it happens occasionally, then the figures will guarantee him a profit.
The chances of you knowing more than the odds compiler are virtually negligible.
On the occasion that you DO know something which swings the odds in your favour, then bet that particular game only, as heavily as you can afford.
Betting ONE game only, if you are very knowledgable or very well informed, MIGHT see a patient man hold his own.
The more selections you bet on, the more the odds will exponentially escalate against you.
There are NO shortcuts.
Anybody who makes multiple selections would be as well simply DONATE their money & save the anguish of all the hard luck stories.
Of course there will be the occasional time when the miracle will happen, but not enough of these times to cover your consistent failures.
…Agus fagamid suid mara ta se.
kk,
When was yer last punt ?