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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Cheers Weefra! Somebody (at work) told me it was TODAY!!!!!
spikeysauldman:
You’re right… I pee’d myself
Draw is on the 20th Dec 11.30 CET. I think that is 12.30 Celtic Park Time. Hail Hail Hebcelt
Well we will be selling off our top players and Lennie is going as well according to the MSM they all want to go to the best league in the world.Strange that when you think about it there are very few players and managers in England who get the chance to enjoy the real biggest league in the world the Champions league.There are very few managers and players in England who play in front of bigger crowds than at Celtic Park.So other than money which Celtic are addressing with there top players what is the draw to joining a league where only 4 teams have a chance of winning it and only four teams regularly get Champions league football?I think as usual the MSM are stirring for Celtic . I dont think the sharp suited man will have to many problems convincing our young team that Celtic Park is the place to be for the forseeable future.H.H.
kitalba
Re Rod….Wit a guy…
jfh,
Aye they’re addressing money question, we don’t pay top money, bye now
Bring back we are sailing ….
Messi’s 86 goals
https://www.youtube.com/watch?feature=player_embedded&v=vY6m8sOjenU#!
Enjoy during your lunch time
Happy Birthday,MWD.
Lucky sod,still young enough to celebrate them.
Champions league draw.
20th December,
Fursday afore we play Elgin, for hun lurkers …
Happy Celticing
Green Oak Tree, I agree, I’d love to hear Sailing make a return to Celtic Park.
Green Oak Tree:
Aye, I agree, rumour goes that he scored more in Celtic tops than the King of Kings.
Biafra… what’s changed
Happy Birdie to you, MWD……!!!!!!!!!!!!
Thanks, jungle jim………!!!!
Let me put a belated warning on that video… it will sicken you.
We know Celtic cant pay as much as some English clubs but they have still made players millionaires just ask Scott Brown not everyone in life wants to squeeze there respective clubs for there last pound. Some players of course will move on but this will be when and if it suits Celtic we are paying the sharp suited man very well and he is doing a good job.H.H.
Kitalba, the link isn’t working on the iPad.
joe filippis haircut
12:04 on 10 December, 2012
Correct…..nothing changes……Just goes to show what the MSM think about developing Scottish Football …… As NEIL stated previously, for example, the bidding starts at £25m for Vic ……..and Vic has some food for thought, now that we are in the last 16 …. ONWARDS AND UPWARDS, despite the LL…….!!!
kitalba
HaHaHa….Brill
doc is neil lennon
12:26 on 10 December, 2012
Kitalba, the link isn’t working on the iPad.
Some of them aren’t accepted by Apple software……..and it serves you right for beating me to the podium yesterday …..LOL
67Heaven, I’ll do it again…….
one day;-)
Happy Birthday wishes to MWD.
Would you be 140 years old by any chance?
8-))
Yurcl
What with having my music on my ipod nano thingy and my iphone 5 thingy innaw, and given that i’m pure dead clever I’ve also backed it up onto the icloud.
My question is, what happens if the cloud fills up and it rains or snows?
confused dot com
Kit
If you’re interested in the Biafra story, I highly recommend Half of a Yellow Sun by Chimamanda Ngozi Adichie.
TBB
RS chooses white as an emblem of peace.
Absolutely nothing to do with ‘poppy protests’.
Hope it’s Campbell Ogilvie Day today.
jfh,
So why even include a claim to be addressing pay for top players. Except to make false claims
tomtheleedstim
12:34 on
10 December, 2012
Hope it’s Campbell Ogilvie Day today.
/////////
Tom…Do you know someting we don’t ???
curly
12:33 on
10 December, 2012
Happy Birthday wishes to MWD.
Would you be 140 years old by any chance?
8-))
Yurcl
…………..
Curly, mair like a 140 days the way he was acting over in Doire at the Thai tims do recently :¬)
I expect a backlash (thumbs up)
Paul67
You can post the new article now, Philvis is aye ready!
“…….his side laboured at times against Stirling Albion….”
But even in the 4th. Division, where they are, only by special dispensation, mibbery prevailed, the obligatory red card was produced for the opposition as the crowd howled bloody blue murder, and they strutted off the park to the approval of gauleiter Sally, the Göring impersonator. Why do I bother? Because they are all that is wrong with football, because they have very little to do with football, but there they are : the cancer in society, using football as their platform to spout their endless vitriolic fascist claptrap like it was holy writ.
I hope they go under again. And then, no special treatment. They can be gone for good, and their evil ideology can be exposed to the light and shredded.
3
Folly Folly
11:17
Thank you
Green Oak Tree – no mate, ‘fraid not.
I think Paul67 mentioned he would be referring to him soon but it’s just a personal hope.
A cowboy, who just moved to Wyoming from Oklahoma , walks into a bar and orders three mugs of Bud. He sits in the back of the room, drinking a sip out of each one in turn. When he finishes them, he comes back to the bar and orders three more.
The bartender approaches and tells the cowboy, “You know, a mug goes flat after I draw it. It would taste better if you bought one at a time.”
The cowboy replies, “Well, you see, I have two brothers. One is in Arizona , the other is in Colorado . When we all left our home in Oklahoma , we promised that we’d drink this way to remember the days when we drank together.. So I’m drinking one beer for each of my brothers and one for myself.”
The bartender admits that this is a nice custom, and leaves it there.
The cowboy becomes a regular in the bar, and always drinks the same way. He orders three mugs and drinks them in turn.
One day, he comes in and only orders two mugs. All the regulars take notice and fall silent. When he comes back to the bar for the second round, the bartender says, “I don’t want to intrude on your grief, but I wanted to offer my condolences on your loss.”
The cowboy looks quite puzzled for a moment, then a light dawns in his eyes and he laughs.
“Oh, no, everybody’s just fine,” he explains, “It’s just that my wife and I joined the Baptist Church and I had to quit drinking.”
“Hasn’t affected my brothers though.”
Tom
Ach….Hail Hail….
Question….
Did CG ever get done for calling the SFA THIEVES?
new article posted.