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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Messi starts tonight, maybe break Mullers record. Think I’ll watch it.
Weefra HH
Highlights on BBC site now.
Ernie Lynch
perhaps they’re looking for a place in the Guinness book of records in the ” gestures of mass futility” section.
They already hold the record for the world’s largest collection of delusionals.
glendaleystonsils
AnD a@@@@oles
Weefra HH
I see some Ghuys are buying Rods album. That’s fine just as long as you purchase the single as well because it is the proceeds of the single that is going to the charities not the album.
And scum.
Weefra HH
gretnabhoy
Great lol, I’ve just bought 2 friggin albums, ach wit the hell, I’ll buy the single noo.
Weefra HH
Weefra
and if you go to the Guinness book of records “ugly” section ,you’ll see they’ve pushed the gargoyles into second place.
HH
FHOLKS, If in doubt re Rod s single download. Get someone under 25 yo to do it. Technology aint for us codgers.. Speaking of which.. Off out to see Squeeze. I never thought this would happen….,
HH
“@McNallyMirror: Sky Sports reporting minimal details of Etihad trouble. Clearly a PR ploy to protect brand reputation of their Premier Lge partnership.”
See when you download Rods record ,how the feck do you play it on
the radiogram?
voguepunter
Don’t be silly – its for a cassette player
voguepunter
make sure you have a sharp needle and set speed to 78
HH
Voguepunter.19.38.
Is there a 12inch picture album download available ?
Aye those were the days. Dr Dicks midnight surgery and assorted innuendo..
HH
charles kickham
8 track?
Ernie
The above statement is just an example of Hun bully boy tactics….
Sink us and we will sink you ….more of their nonsense
What’s of even more amusing is the previous statements of Green and Smith ….
It’s almost Orwellian the MSM’s attempts at convincing the public of the continuity of RFC
ArranmoreBhoyLXV11
Told the missus I’ve got a 12 incher up in the loft,next minute she’s oot tae the garage
fur the ladders.
Don’t get it :O(
voguepunter
for goodness sake don’t mention the 33
Where the propsectus says:
“The RFCL Group and The Rangers Group are financially dependent on the Club’s supporters who are concentrated in Scotland”
It means “if you don’t pony up this time yer club is screwed (and if you do pony up then you are screwed.)
Voguepunter brilliant..
If my fading memory serves me was the afore mentioned Dr Dick with his late night 12 inchers, not fond of a trip to The Liquidated Dome?
Anyway I recall many a night listening away..
I ll away get my ladders oot. And keep buying Rods single fholks ..
JCGE..
Auldheid
what about the 500 million worldwide family?
Very quiet day, dawnhowlers are rubbish
Auldheid
I take it you’ve had a wee gander at the prospectus
I can’t imagine that anyone with half a brain will invest
The shuffling of cash with the short term loans etc must be concerning
The fact at without the non recurring item they would have made about £4m loss in the first quarter should frighten any investor
Crazy nonsense
See after the end of the world can we still qualify for the European cup quarter finals
Neil canamalar
as we have gained the most coefficient points in the tournament so far we would be defacto winners – bring it on 21/12/12
Ghuys
Have Apple tech
Can I buy thro’ itunes & will it count ?.
TCAH
Auldheid
19:53 on 9 December, 2012
“The RFCL Group and The Rangers Group are financially dependent on the Club’s supporters who are concentrated in Scotland”
Does ‘concentrated’ not just mean thick or dense?
Ernie
In which case they must be concentrated world wide
Gene’s…. ,
That’ll do, putting the mortgage on us winning then
Gene’s…,
Will I need to wait till the trophy is awarded to collect my winnings
What on earth is going on with the goons from govan – it’s that bad I nearly feel sorry for them . Why is it left to celts to point these basic things out- is there no one in The Rangers, The old Rangers , The International Rangers , the fupping Power Rangers who can help run the club properly.
Just as a matter of interest, does anyone know which company requires three years of accounts in order to play in Europe? Is it the one Green formed at takeover (Sevco) or is it ‘The Rangers’ or is it this latest RIFC one?
I went to chichen itza last year and our Mayan guide said that it wasn’t predicted to be the end of the world it was the end of that particular calendar. having said that I won’t be buying Christmas presents till 22nd.
If anyone goes to the Yucatan penninsular don’t miss a visit
Sorry, meant
Rod’s single
Gene’s a Bhoys name
20:12 on 9 December, 2012
‘I went to chichen itza last year and our Mayan guide said that it wasn’t predicted to be the end of the world it was the end of that particular calendar.’
Thank goodness for that. I’ll be able to sleep now.
Gene’s..,
It’s the only flaw in the prediction, it’s a circular Callander, pure y2k ya bass :o)
Voguepunter – v funny
Goal 85 world record and I witnessed it at. The end of the world