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.
574 Comments- Pages:
- «
- 1
- ...
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- »
Tet
Keep age oot o it if ye please :))
Weefra HH
sipsini
22:07 on
9 December, 2012
The cardigan on the Sunday mail sports awards.
Looks like an extra from the film “the sting” how appropriate.
Thought he looked like Mr Orange from the FTT decision:)
67Heaven … I am Neil Lennon..!!.. Ibrox belongs to the creditors
22:06 on 9 December, 2012
What age is Rod ?
’67 (followed by everyone joining in)!
The Hun game against Dundee United.
How will the allocation of tickets happen, it will really be the most unique set of circumstances.
Sevco have declined to take up the allocation. That is their prerogative, they are a new and much more considerate bunch of bellends without even knowing it.
Now to logistics etc. How does a Tim from Dumbarton get a ticket (2, one of them a child hopefully) for that game?
Sevco sonics that lay it BEAR.
http://www.youtube.com/watch?v=6Rtz8jY0e0I
Rangers are deid, it will probably take Ibrox being demolished before the most idiotic can accept that Rangers are Over.
Over, Over.
http://www.youtube.com/watch?v=EwUwKm9czeM
Offfttt mon the gaffer!!!!!!
The reason I ask his age is that I was a great fan of his 40 years ago…..see what happens when you’re a Celt……life agrees with you……
TURNED UP THE VOLUME ………WOOOOOOOOO ….UP DANCING NOW……
tbf to kille fans thier
“a club with history”
banner is funny.
http://www.bbc.co.uk/sport/0/scotland/20658605#asset
Well done lenny.
A lot of insurance claims going in for tellys tomorrow.
Just seen NFL in the audience there
Weefra HH
NEIL’s there……WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOH……!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Enjoyed the banter
good night
Love
Weefra
Ha, yer only as old as you feel, and my Mrs is eight years younger :>)))
sipsini
22:15 on 9 December, 2012
Well done lenny.
A lot of insurance claims going in for tellys tomorrow.
>>>>>>>>>>>>>>>>>>>>>>>>
HaHaHaHaHaHaHaHaha………
sipsini
Brilliant :>)))
Kylie looks better the older she gets, a bit like masel :))
Weefra HH
Tet
Mines feels 10 years younger when she looks at me lol
Weefra HH
Congrats NFL…. Just a pity they didnt get lord walter to give him the award
The boy jinky
Wit award?
Weefra HH
Murdochauldandhay.
Any thoughts on who deserves the boobyprize:-))
night bhoys..
god bless u all..
Saint Stivs
22:15 on 9 December, 2012
tbf to kille fans thier
“a club with history”
banner is funny.
http://www.bbc.co.uk/sport/0/scotland/20658605#asset
___________________________________________________________
Rangers are where they are because most people are not stupid.
I bet the SBNP are crapping themselves.
Rangers and their ilk are the real Cancer in society. It is just a shame a lot of those scumbags are in prominent roles.
Weefra
Mine always said if I got fat she would leave, then it was if I lost my teeth, what’s a man to do, and she’s still here :>)))
………………………………………
BT
Take care mi amigo.
HH
BT
Night night
Weefra HH
Tet
Yer still a wee bit behind me ha ha
Weefra HH
Looks like the highlights will be last on sportscene, oh that’s right we won
bt, see you during the week enight might n
Hail hail
Weefrae
Special award to lenny for achievements this year
Weefra
Aye, when you posted about driving lessons for your grandweans puts you about 8-10 years older, or you could have been a child bride as someone else said :>)))
btw Willie Collum is a poor poor referee. In fact he’s a carrot.
Jinky
No more than he is due.
Weefra HH
Tet
I was not a child bride, I was an infant bride loool
Weefra HH
Auldhied, is carrot slang for soup taker?
Every year I work all the hours god sends and it’s still no enough, so I get heavily into debt just to afford the festive, presents for the kids, big massive dinner on tha table. For what so that fat bearded illegitimate can get all the glory on Christmas morning.
To be fair I suppose it serves me right, I did marry her :oD)))
I’m sure this clip has been on the Forum already, but just in case…..
A great piece from the Euro Fan at the Celtic v Spartak game last week.
Enjoy;
https://www.youtube.com/watch?feature=player_embedded&v=Gx5DiOepj_Q
THE EXILED TIM
22:33 on 9 December, 2012
Weefra
Aye, when you posted about driving lessons for your grandweans puts you about 8-10 years older, or you could have been a child bride as someone else said :>)))
_____________
……………… or a granny in Ayrshire by the time she is 30!
Weefrathetim.
Maybe best you rephrase that or cqners might get the wrong idea with yerself and tet.lol
Canamalar, quite pleased were on last, Fillet to see it tonight, on my way home from a wee night with some CQNers.
Train pulling into Stirling soon.
Right guys
Poultry to attend to in the morning (please no jokes especially you Summa :) ) and will speak again early tomorrow. Night night Timland. God bless.
Weefra HH