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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EmbraMike,
I think a number 10 will be priority come January, looks like Hooper will stay until the summer now we are in the last 16.
Chas Mulgrew
HH
hamiltontim
15:39 on9 December, 2012
Tell me more
charles kickham
15:42 on 9 December, 2012
Stirling Albion supporter reporting on Twitter about a number of coins thrown at them from the home savages during yesterday’s game.
Sciliabhoy
Tony Watt
We signed CM from Aberdeen after letting him go and did we not sign Watt from Airdrie or Albion Rovers
Hamiltontim, you sure the hordes weren’t making spontaneous charitable donations?
(c) Traynor 2012
HT @ 1539 – that is a rhetorical question right?
Noticed at Rugby Park yesterday – hoarding bearing the slogan
” We are the Ayrshire Killie pies”
Sectarian subliminal advertising…Me thinks.
StickyerpiesupyererseCSC
Teuchter ár lá
Siciliabhoy
Surely that does not detract from his football education. Which was your point. Do you think Aberdeen and Wolves fashioned him into the player he is today ?
But your general point I do agree with.
HH
Good afternoon CHAMPIONS
I see chuckles wants to speak to Man City fans as they seem to have money away. :):)
Weefra HH
Hamiltontim
15:45 on 9 December, 2012
First i’ve heard about it – surprised – NO
Not another sectarian pie debate!!!!
Latest from Phil Mac
http://www.philmacgiollabhain.ie/tis-the-season-of-negative-goodwill/
Minx1888
Indeedy it was rhetorical.
As is the age old joke….
How do you sell a caravan…….
Charles K
The reports suggest it was pound coins and 50p pieces.
Could this be the beginning of the share issue?!
Tiffany 1988
I think were alone now……
we’re…..of course!
Palermo 0 ——- Juventus 1 .
Easy win for Juve on a dreadful pitch .
Big / strong / lots of pace and no shortage of skill . Vucinic has outrageous skill but often looks like he can’t be assed . . Pirlo looks tired / should have been sent off for a bad tempered retaliatory hack .
The Juve support outnumbered the Palermo support @ 2 to 1 . A reflection of the number of Sicilians who support Juventus .
Currently being held in the stadium — given reason – a wee bit of bother outside.
From over on tsfm:
‘I have just returned from a day out with a former City stockbroker and I showed him the “prospectus”…and I have never seen him laugh so much in all the years I have known him..’
>>>>>
But have you seen how much dosh the principal co-conspirators are lavishing on each other in this share issue prospectus/scam?
While the orcs languish in the grip of winter’s austerity, these muthas, their masters and ‘heroes’ who have them in the grip of some malignant spell, are whooping it up like the debauched last days of The Weimar Republic. They’ll need wheelbarrows to cart it homeward at this rate.
And now the lard laden fat ragboy, Jabba la hunnie, has leapt face-first into the vomit covered swill pit of t’rankers, as they magic up cash out of lies, whispers, threats and bluster.
Do I hear the whisper of money being laundered? Or am I just crazy?
One wee thing, though.
I’ve not been wrong so far.
>>>>>>
Back to sleep.
It’s gonna be a tough january window …
Man u wanting vic
Liverpool wanting hooper and sammi
Spurs wanting Dylan and lustig
Don’t be too surprised if sir walex fancies big Fraser too
pauloantony
What would we do with £60,000,000?
pauloantony
Jeezoh!
We wont have any players left in January at this rate!
Dont believe everything you read in the msm.
HH!!
A few posters have put up well written pieces recently that explain exactly why sevco are a new club and not the one that was 140 years old earlier this year, and now being liquidated.
A club fortunate to have jumped the queue to a place in fourth tier football rather than being relegated etc, and posts that dispel the many myths that surround this new club.
It would be most helpful( to me anyway) if someone could post a fact based template that addresses exactly why sevco is a new club and blows away the many myths that have grown arms and legs via a compliant media.
This template could be forwarded to anyone making the mistake of talking about the “old firm”, rangers being “relegated” to the third division, and a host of other untruths concerning the new club.
I was thinking about this when reading an article online by an English journo in the Mirror.
Whilst it was a positive article about Celtic, he made the common mistake of talking about the “old firm” and that Celtic and rangers would be good for the English league.
These kind of comments need to be put right and the author educated as to the real situation concerning this new club.
embramike 15:38 on 9 December, 2012
I remember WGS tried to sign a guy called Szabols Huszti in one of the January windows (possibly 2008). He’s with Hanover now and I like the look of the guy. A bit Lubo-like – great left foot (though not with an equally good right like Lubo!). Gets a few assists and chips in with a goal or two. Might be worth another look…..
Away fae the magnificent hoops to the magnificent and funniest Christmas movie ever…..
Elf channel 4 5.20….fill yer boots……
bhoywithseethrougheyes
There are more than a few on here who have explained it in terms of company law, registration, incorporation etc. Google the death of Rangers and will you find contributions from those such as Gordon J of this parish. And others. The deluded cling to the fantasy that somehow the club survived Rangers downfall. I can understand that, every two weeks I go to Cathkin Park, to watch Third Lanark!
bhoywithseethrougheyes
16:19 on 9 December, 2012
This link explains a bit about what happened to Gretna. I’ve copied the main points below:
http://en.wikipedia.org/wiki/2008%E2%80%9309_in_Scottish_football
Notable events
2008
3 July – Annan Athletic, formerly of the East of Scotland League were admitted to the SFL,[12] beating Cove Rangers, Edinburgh City, Preston Athletic and Spartans.[15] They replaced Gretna, who resigned their league status on 3 June.[4]
11 July – Gretna 2008, founded by the supporters of the bankrupt Gretna, join the East of Scotland League First Division.[6]
The way Sevco got special treatment this year I find very strange and has not been explained by anyone at any of the football authorities. Why was no other team allowed to apply for the vacant place in the league? Can we assume it has something to do with Stewart Regan’s comments regarding social unrest if Rangers were not playing anywhere?
Oldfirmfacts@Oldfirmfacts1
In tribute to his hero Hugh Dallas, Rio Ferdinand reacted to the coin thrown from the crowd by awarding Rangers a penalty
kickinthenakas
My favourite Christmas movie is National Lampoons Christmas Vacation – watch it every year and there’s always something different you spot.
and of course there’s this
http://www.youtube.com/watch?v=QEZWtohobaE
Andy M @ Scotzine@scotzine
Interesting comment from Stirling Albion if true pic.twitter.com/hJgzvJHZ
We could win this EPL if we were in it….but we are not so it doesn’t matter
But we could.
HH
South of Tunis
What did yees get for lunch in old Palermo?
‘Bad Santa’ is a favourite Christmas movie of mine.
Although ‘A Christmas Carol’ is another favourite!
Am I normal?
HH!!
Genes a bhoys name
Great clip……but….even better…..
http://m.youtube.com/#/watch?gl=GB&hl=en-GB&v=9jyCfRHumHU&desktop_uri=%2Fwatch%3Fgl%3DGB%26hl%3Den-GB%26v%3D9jyCfRHumHU
Celtic First —
Lunch ?
Carciofi ripieni di carne
Penne al cavolfiore e salsiccia ….
Some Nero D’Avola .
We”ll have a pizza later — from a great wee place near Caltanassetta
Pizza tonight from a great wee place near Caltanissetta
Tallybhoy
Normalish….deffo an Internet bampot…..
Albert Finney in Scrooge….great musical….
Favourite Christmas film:
A Christmas story,
its about a young boy wanting a rifle,
made in the eighties,
set in the fifties America,
very funny, first film i had seen where someone sticks there tongue to a icy telegraph pole…