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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Genes
Worse than that the SFL have sent them a letter congratulating them on their 140 th anniversary and signed by David Longmuir !!!!!!
McMoist on roughly GSB 777,777 (Greggs Steak Bakes) a year?
Wow.
More than Lenny earns?
Breaking news:
“Chucky has landed the wrong James Traynor”
http://www.linkedin.com/pub/james-traynor/28/592/7b5?_mSplash=1
celt55 @ 1804
Cheers for that.
Weefra HH
The BBC highlights of Kilmarnock v Celtic only lasts 39 seconds and has no commentary. So not totally bad. :-)
Of course we expect the good old BBC to fix this.
St Mirren v St Johnstone is worth watching. John McGinn looks a good player but how Frazer Wright avoided a red card is a mystery!
Paul67 et al
RIP Patrick Moore!
Thanks to whom, some of us, are looking at the stars!
“Fondest retirement wishes to Sir Murray’s best trained and longest serving media poodle who has closed his laptop after years of sterling service.
When it came to loyalty this hack’s devotion to Sir David would have put Greyfriars Bobby to shame. One grovelling piece with the fawning description of a dinner shared with the steel tycoon is the staff of legend.”
Davy Provan
Is everybody away to bed early? :))
Weefra HH
Rod Stewart is no5 in the album charts with Merry Christmas according to itunes.
bournesouprecipe
‘The staff of legend’
Is that available for X-box? :-)
oldtim67
Just ordered it from amazon :)))
Weefra HH
WeefratheTim
They are all in the pub :))
The Firewater
All proceeds to charity
oldtim67
Which one is no. 5? Is it the 13 track or the 16 track in case I’ve ordered the wrong one?
Weefra HH
bournesouprecipe
18:51 on
9 December, 2012
“Fondest retirement wishes to Sir Murray’s best trained and longest serving media poodle who has closed his laptop after years of sterling service.
When it came to loyalty this hack’s devotion to Sir David would have put Greyfriars Bobby to shame. One grovelling piece with the fawning description of a dinner shared with the steel tycoon is the staff of legend.”
Davy Provan
———-
Where is that from, mate?
leftclicktic
Nae surprises there eh? Lol
Weefra HH
Weefrathe Tim.
That will take it up to top 4 in the Album Charts.
leftclicktic
18:56 on
9 December, 2012
WeefratheTim
They are all in the pub :))
The Firewater
=================================
This is how who buys first round is settled.
http://www.youtube.com/watch?v=Y-rFT-uHm4w
Headthe
Made Davy Provan funny.
ThatAintEasy CSC
voguepunter
Brilliant pmsl
Weefra HH
Stringer
Whatever grubby MSM tabloid DP writes in these days – not sure.
olldtim67
Did I buy the right one, 16 track?
Weefra HH
Weefrathe Tim.
You are kidding surely,I wouldn’t know what an album was,I looked up ITUNES and found it was NO5 in albums,but that was after looking in singles, and another two choices.
Fatsally said yesterday,”the return of John Greig inspired a Sevco win.” I thought there was a transfer embargo on them.
voguepunter tells ole BT to get to the bar
What’s strange is that at one time the huns knew exactly what liquidation meant for them and their history.
What has changed that they’re now so confused?
###################
Show The Red Card To Liquidation!
Anti-Liquidation Demo On Saturday!
On Saturday versus St Mirren 50,000 Bears will show that Rangers will not die by giving a red card to the threat of liquidation.
At kick off and in the 18th and 72nd minutes – 1872! – raise your red card and voice your determination not to support anyone who is trying to drag the club down into liquidation.
On Monday evening a meeting took place in Glasgow with host of fan groups to discuss the Bears fight-back against those who seek to do the club down.
Rangers Football Club have survived the good and the bad for 140 years , the vast majority being very successful for a club now known to be the most successful club in world football. Its more than just a club, it’s a way of life for far too many people the world over to simply give it up to faceless money men with no love nor interest in this famous fitbaw club.
It was agreed unanimously that we The Rangers support would fight tooth and nail against anyone or group who seek to liquidate the Gers.
The message is simple, sink us and we will sink you !
You won’t simply reform a newco and everything’s bright and rosy, not a chance in hell. The Rangers fan base united won’t allow it, no fans, no players, no sponsor. NOTHING
This Saturday we have arranged to allow every fan in Ibrox to show the administrators and any would-be liquidators the “red card”. 50,000 red cards will form part of display in protest at the enemy intent on finishing off The Rangers as we know it. Message banners and red cards will make our feelings clear as day, you are not welcome.
The display is NOT in favour of any individual bid/bidders, we simply welcome anyone with Rangers best interest at heart.
Feel free to bring your own message banners, we all know the rules !
The display will be set up on Thursday and Friday night , ALL Rangers fans are welcome to help set it up. To arrange help please email sie1872@googlemail.com
It’s our club, it was our fathers club and it will be the club of our children!
The Rangers FC forever!
It’s all about The Rangers!
oldtim67
You are obviously as old as me, well past retirement age. Lol
Weefra HH
bournesouprecipe
19:07 on
9 December, 2012
voguepunter tells ole BT to get to the bar
—————————————————
BSR,Don’t think so.
http://www.youtube.com/watch?v=oYM0j2NCB88
for what its worth i think we will lose no more than 2 star players this january, most likely hooper and victor. its possible some fringe players will move on i.e. paddy, miku
we will be very richly rewarded for the star players that leave and we will be able to sign up a couple of quality young players, with our most recent european run and sales helping to convince, celtic can be a good career move
think its a little silly to talk about holding onto players and building a team when we already know that the club plan to bring them in cheap and sell them on again for a higher level.
i think it makes good sense so long as we keep a good core to the team hence, we should always have a few players who are good enough to stay in the celtic team over a number of years while others come and go.
hail hail
From Paul mcconvilles blog…. :-)
mick
December 9, 2012 at 3:31 pm
Invest your money in a Company which at this point in time owns nothing and has no assets of any description; RIFCPLC, which has a long history which dates back to when the Company was Founded as RFPLC, in November 2012.
If the IPO is successful, RIFCPLC, will buy the Football Club formerly known as The Rangers Football Club Ltd, formerly known as, Sevco Scotland Ltd, formerly known as Sevco 5088, which were the assets acquired after The Rangers Football Club Ltd, formerly known as The Rangers Group Ltd, formerly known as Wavetower went into liquidation.
Nothing untoward there then!
Name
Artist
Have Yourself a Merry Little Christmas
Rod Stewart
4:31
on the 13 track album.
Evening guys,
Forgotten Paul’s email address – anyone got it?
Ta
oldtim67
That’s a chrissie present taken care of. I’ll just go on and order the right one now. Lol
Weefra HH
EmeraldBee\o/ proud to be an internet bampot
CELTICQUICKNEWS@GMAIL.COM
Cheers Vogue
Rangers then, Sevco now, Dead forever.
sixtaeseven
And longer hopefully :))
Weefra HH
Yon Falcao at Madrid is no’ bad.