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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gene’s a bhoy’s name
decent shout
my hope is that the continental teams get involved in the bidding for forster and wanyama, as if they do the epl sides will have to pay the full market price.
my real worry is that some german team buy tony watt on the fly, vvv bad for us.
celtic need to be on their guard for bids from abroad for tony, don’t believe any of the english teams have savvy as regards making good purchases for scottish players not without some agent badgering epl managers anyway.
biggest regret of Seville was giving a kid about 9 or 10 my fav Celtic baseball cap..
hope he is in Betis crowd this evening but think it was thrown away.. o((
Pfayr
I fear u are correct, how much of a leap of faith and show of intent it would be though if we pushed the boat out.
Maybe I’m just not being realistic, i know ,and yearn for the days when we signed someone coz they were desperate to play for us ala MacAvennie .
Anyway total faith in the signing policy if NFL and the eye for talent John Park seems to have
Hail hail
TeT
I think you are all things Celtic mate…
just a wee thumbsup for last night.. KTF
Rod’s show is on ITV ingurland the night.
All
I would be very concerned if any of the big clubs came in for John Park. :((((
Weefra HH
Chaps in foreign climes can watch it at 22:40 ITV1 on the Filmon app.
It is amusing that we are again getting the call to clear out the underperformers like miku. It is fortunate that those at the top aren’t quite so trigger happy. If so, Fraser. Broonie, Sammi and Kelvin wouldn’t have been around to contribute last Wednesday.
Weefra…
they don’t need scouts they have money…
Richie
the virgins can watch on 853…
bournesouprecipe
17:56 on
9 December, 2012
Paradise Past
—————————–
ronnie simpson was some goalkeeper.
half man – half treatment table.
Think the draw might determine who goes this new year, if we get manure, I expect a bid for Vic
Brilliant from Lionel Messi, 86 goals in the calendar year, only 1 goal in two games v us though, although he did help set up the goal of the tournament at the Nou Camp.
BT
Wit if the FFP kicks in. (Don’t believe it maself)?
Weefra HH
BT
Cheers mi amigo, just being me :>)
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canamalar
How come, and from whom ?
He is cup tied for the CL, which imo can only be a good thing :>)
Is the Arbroath game on cooncil tele ?
TET,
It would be worth taking him out of the opposition innit
Tet
Think its on sky.
Weefra HH
Barca living dangerously – Betis could have had 3 more this half
wee fra
no chance of it happening, too many hands in the trough…
a wee heads up for our Kano..
the bhoys are out celebrating Martyns retuns home..
TET
def on Sky
“Barcelona don’t like playing teams in green & white, especially hoops” …… LOL
BT
Excellent, welcome home Kano YNWA
Weefra HH
TeT
you know my love is real mate…
and genuine..
HH & KTF
Did I see a HOOPS top there at the Barca game?
BT
Hope they are all fit for work tomorrow lol
Weefra HH
Jude
You did and the commentators mentioned it.
Weefra HH
Weefra
I work not to far from where they are. I’ll clear up the scraps.. o))
TET
It’s only sevco that get the queen’s shilling
bt, where are they ?
BT
Hope you’ve got a big skip hahahahahaha
Weefra HH
gene’s a bhoys name
21:42 on
9 December, 2012
….and they don’t give her it back ……
Rod just started on sky ch 973
Weefra HH
canamalar
I never looked at it like that, they have money to burn some of they clubs :>)
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WeefratheTim
Looks like a sausage then, for some reason I thought it was maybe on the beeb, but they only seem to show the huns, so par for the course I suppose.
HH
Canamalar
they asked that I didn’t tell you…
Driftwood, at Charing X… o))
btw
the manlove is only for TeT you are excluded.. o¬)
Heard that Lee McCulloch just bought Messi’s record
No hangin about wae these guys
67heaven
thats because it’s a loan….nudge nudge…wink wink