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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The first 2 ‘Home alone’ movies were quite amusing?!
No?!
HH!!
Tallybhoy
You answering you’re own questions?
Yes…..
hamiltontim
15:39 on
9 December, 2012
Wonder if the huns throwing coins at the Stirling Albion supporters yesterday will receive the same media coverage as the incident in the Manchester derby?!
——–
What happened. Never heard much, amazingly!
Not long now before I head out and raise a wee glass to Kano’s 3rd year back home with his family since his dreadful illness. Hope all is well Martin.
Will also be raising a wee glass to Pablo without whom Kano’s story may well have went in another tangent.
Hail! Hail! to 2 great Celtic supporting CQNers.
MWD
South of Tunis,
buon appetito!
Was thinking what my cqn team would be…
1. tbb as nothing gets passed him.
2. Philvisreturns as he can only play on the right.
3.bt opposite of our number 2.
Anymore suggestions most welcome.hh
kikinthenakas
Yes auld Albert Finney from Salford – a wonderful actor, and the son of a bookie!
Did you know that he was offered the role of T.E.Lawrence in ‘Lawrence of Arabia’ and turned it down?!
A little-known, and possibly, useless fact!
HH!!
Celtic Mac
16:37 on 9 December, 2012 ,
GlassTwoThirdsFull
16:38 on 9 December, 2012
Thanks for taking the time to respond bhoys
We’re teetering on the edge of the integrity cliff and still no sign of honest leadership!
Best wishes to Martin and his family.
Hope the boys who are going, have a good night out tonight.
OptaCeltic@OptaCeltic
16 – Celtic are ranked 16th in UEFA’s club coefficients for the 2012/13 season with 16.860 points. Ahead of Chelsea, Man City and Benfica.
South of Tunis.
Sounds good.
Christmas movies ?
The Holly and The Ivy
Will It Snow For Christmas ?
It’s A Wonderful Life
Christmas Holiday
2-2 liverpool equalize, 15 mins to go.
HH
God Bless Kano his family and all his friends around the world.
Hail Hail
3-2 liverpool
HH
pool nik it 2-3
Rod the Rocker last night (UK only unless you use a proxy)
http://player.stv.tv/programmes/rod-stewart-christmas/2012-12-08-2200/
Now, here is a question.
We have made some cash this year, but the real world is only a footstep away. Take a minute to think about something…..
This is the scenario…..
You run Celtic.
You have spent a part of your budget for 2013-14.
You have about 5m left.
Jordan Rhodes (or a.n.other player) becomes available for 4m. You can sign him and pay the wages and hit the budget.
But you have another option….
At a stroke, take £100 off every season ticket, reduce walk up match day prices and fill the stadium for evey game, and as a thank you to the fans…
What would you do?
You run Celtic.
What would you do?
P.S. you cannot do both – it’s the world we live in :-)
Moonbeams, no long til you head out, I’m in the pub mate, hurry up!
Mbwd
When i see the kano foundation banner i always think of martin and stevie…
Was that “Are you Celtic in disguise?” at Upton Park?
Stringer
If i was charlie green … Running celtic ( heaven forbid ) i would trouser the loot and spin a yarn about giving it to charity
“We had two and a half in the wall”
Mancini
Liverpool’s Collins scores, runs to crowd. No booking.
Paradise Past
Anyone remember any Celtic player running to the crowd and not being booked?
south of tunis
do you ever visit taormina on your travels round the island
EC67
Sounded more like “are you chelsea in disguise” I may, of course be wrong.
Weefra HH
Paradise Present
WeefratheTim
18:01 on 9 December, 2012
It was Chelsea.
That’s Rod’s single purchased…
Neil Lennon’s side will be hoping to conquer The Red Lichties once and for all on Wednesday night after a disappointing draw inside the less than atmospheric Celtic Park a fortnight ago.
The original tie resulted in a chorus of boos and jeers from the small Celtic support who bothered to show up, after a late Steven Dorris free-kick deflected off the foot of fresh Celtic substitute, Lassad Nouioui.
Celtic’s team was one filled with experience along with a few of the younger squad members, most notably being Joe Chalmers who impressed on his first start.
No excuses can be made for the abysmal performance at home, with both Lennon and the players now wanting to rectify their failings in the first contest against Arbroath.
Paul Sheerin’s team were held to a 2-2 draw last weekend by Stenhousmuir as Stewart Kean netted an injury-time equaliser for the away side whilst Georgios Samaras completed a 3-1 rout of Kilmarnock in Ayrshire earlier that day.
An attendance of 647 will undoubtedly be increased come mid-week when Celtic bring a 2,500 strong travelling support to the town of Arbroath hoping to be entertained following on from a rare SPL victory off the back of a European outing.
If Celtic indeed manage to conquer the mighty Arbroath, an away tie against Raith Rovers will further stand in the way of Lennon’s quest to reach the Scottish Cup Final.
The team I would place full confidence in come Wednesday would be similar to the side who bulldozed past Kilmarnock at the weekend whilst continuing the reinvigorated 3-5-2 formation not seen since the days of Martin O’Neill, being, in my view:
Forster; Ambrose, Wilson, Mulgrew; Matthews, Kayal, Wanyama, Ledley, Emilio; Lassad, Hooper.
Of course, both Georgios Samaras and Scott Brown will be in contention for a starting spot after starring roles in the 3-1 victory at Rugby Park last Saturday, but Brown especially is in need of a rest after his recent energetic displays, and Samaras will be more than capable to change the course of events – if need be.
Celtic have played Arbroath a total of thirty-three times, with only two not resulting in a victory for ourselves. The solitary win for Arbroath came some seventy-five years ago, a feat their current squad almost replicated two weeks ago against a makeshift Celtic starting XI. The Smokies’ only other draw came in 1975, with their most recent – and most famous – coming on December 1st, 2012.
The most famous matchup between the two sides came in 1993, a 9-1 victory for Celtic – and also Arbroath’s worst ever defeat. A goal from Charlie Nicholas set Liam Brady’s side rolling, giving Frank McAvennie and Andy Payton (yes, seriously!) the opportunity to bag a hat-trick each. Pat McGinlay and Mark McNally contributed to the goal-scoring feast as Danny McGrain’s collapses side concluded their embarrassing display.
A strong team is needed for what will be a tough, resilient Arbroath side who cannot be taken lightly.
As Barcelona found out on November 7th, favourites do not always win, and Wednesday night will be no different. The comparisons are unquestionably similar between Celtic’s triumphant win against the Catalonian outfit and Arbroath’s pursuit of victory against the SPL’s sole Champions League ambassadors – Celtic.
On paper, Celtic should be able to stroll past the third tier side, however, as every Celtic fan now knows, games are won on the day. Lennon’s side have to turn up with the correct attitude, hunger and desire to progress.
So, what lies ahead for Celtic remains to be seen, and if a few players decide to have another off-day, Arbroath will, for sure, take advantage of any mishaps. Progression is a must.
celticjournal
well according to BBC highlights we only won 0-1 yesterday
http://www.bbc.co.uk/sport/0/scotland/20658605#asset
A wee bit worried about the Scottish Cup Tie, read a quote from Neil re preparation for next years Champions League qualifiers, in essence what he said was that once the league was won (!) he planned to let the first teamers go off on holiday because he would be bringing them back early in order to prepare for the CL qualifying rounds, the only problem with that he said was if we were to be playing in the Scottish Cup Final, which would mean he would have to retain all the first teamers right up until the end of the season. That’s more or less a direct quote and I think it will have a negative impact on our players Scottish Cup motivation.
From the BBC website
Rangers celebrate their 140th anniversary with a win over Stirling Albion that strengthens their position at the top of the Scottish Third Division. BBC Scotand’s Alasdair Lamont describes the action from Ibrox (UK only).
pandering to the myth – I feel a complaint coming on
Rod already 53rd in the itunes chart!
Jim Traynor – Sevco 5088 director of communications.
“Rangers FC as we know them are DEAD. It’s all over”
“They’ll slip into liquidation within the next couple of weeks with a new company emerging but 140 years of history, triumph and tears, will have ENDED.”
“No matter how Charles Green attempts to dress it up, a newco equals a NEW CLUB. When the CVA was thrown out Rangers as we know them DIED.”
“They were CLOSED and a newco must start from scratch although their fans will insist the history will be boxed up with the strips and balls and carried into the future with the NEW CLUB.”
“Of course, they could let them back in while insisting the NEW CLUB has to accept penalties for the behaviour of the old”
“Of course Rangers are guilty of shaming the game and they accept they have to be punished. But how many more times must they be kicked?”
I reckon Gerry Adams must have been in with a shout for the 4th tier post?
STUPID HUNS!
I think the last Celtic player who ran to the crowd after scoring and was not booked was Jimmy McGrory in 1925.
Could be wrong ‘tho.
HH!!