There are two questions to look out for when The Rangers provide information on their public offering share issue:
Are the public being offered shares at the same price as investors who sign up prior to the public offering?
In 1994 Fergus McCann offered you shares in Celtic at exactly the same price he paid, giving fans the same value as the consortium which acquired the club from the old board. Will Charles Green do the same? A £20m offering will dwarf the existing share pool but, if the new shares are worth a lot less, the existing shareholders will be able to retain control and the majority of benefits.
How will the prospectus explain to investors the potential consequences of the SPL Commission, and any future investigation if the First Tier Tribunal report, due this month, finds that Rangers did not pay their social taxes as Fifa regulations require?
The SPL Commission into the improper registration of players at Rangers, whose SFA membership the new company acquired, will, if Rangers are found guilty, impose sporting and financial penalties on the successor club which is benefiting from its membership.
If guilty, this will involve the return of prize money for each of the 12 years which are under scrutiny. The league awards prize money to each member club from TV income with the top two clubs earning a significant slice. This alone could consume the majority of funds from the share issue.
Sporting penalties would also be a consequence of a guilty verdict. There is no reference point in world football for issues on this scale, so speculation on what the penalties would be can only be regarded as such, but, if The Rangers eventually win promotion to the SPL, they are likely to face points deductions for multiple years, making it difficult to gain access to lucrative Champions League revenue streams.
The latter question will considerably influence when the new company can hope to break even and allow an informed estimate to be placed on the scale of working capital requirement.
Former directors of Rangers, including Sir David Murray, remain confident HMRC will not succeed at the First Tier Tribunal, but the possibility remains that the verdict will go against the soon-to-be-liquidated club, leading to a fresh wave of football penalties.
The Rangers should now issue potential investors with enough information to decide if this week’s Forbes Magazine article questioning the club’s feasibility is accurate. It should be quite a read.
Although the Sevco consortium promised a share issue since before they bought the assets of Rangers today’s announcement has the appearance of something carried out in haste. The domain name for investors to register interest (www.rangersshareoffer.com) was only registered yesterday and there is no web site yet. Visitors are presented with an alert from their browser informing them that the web site they are visiting has a problem with its security certificate.
Why the hurry?
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I remember the 4-1 thrashing of Man Utd, Best, Law, Charlton et al, watched from the Celtic end for a change,(my regular spot was the enclosure in front of the main stand), in what was the precursor to our greatest ever season. Truth be told I was excited about seeing them, I was only 9.
The Stein testimonial was the closest I have ever come to being ashamed of our support. King Kenny returned, having single handedly carried our team for a couple of seasons before going to Liverpool. The Liverpool players held back to allow Kenny to take the field and milk the applause. 1000s booed. I was actually pleased when Kenny scored against us. The guys in the Jungle, beside me that day, IMO, made a big mistake. Hey we are allowed to get it wrong now and again.
Never felt the same about Kenny after his dalliance with yon Dead mob a few years ago right enough.
EC67
sannabhoy – yes, but before you give him my details I’ll call you tomorrow mate.
“The disreputable Lance Armstrong” has just made his first 10k pledge. I have a feeling he,s a million pound sort of a guy.
Lotsofsparetime.com
Mr Jilted Creditor of Park bench, Kelvingrove Park, Glasgow has just registered interest in buying £10,000 worth of Sevco shares.
That was almost as much fun as moving the Rangers books into the history section in Waterstones.
Craiginho
Turkish donator .
Mr Embez Zelement.
O.G.Rafferty
21:16 on 11 October, 2012
DontPatmadug 21:14
that’s a spoof account
I have been duped. :)
Just time to give the zombies oodles of cash…….befor bed.
nichty-nicht huns everywhere…..
Eurochamps67
Aye, They were a wee bit hard on the King that night.
Teuchter ár lá
Craiginho
21:29 on
11 October, 2012
“That was almost as much fun as moving the Rangers books into the history section in Waterstones.”
Love it! Must train the kids :-)
Also need to make sure there are no Zombie killing books in the Crime section
HH
CRC
Gretnabhoy………big Jock’s testimonial was the first time I heard the jungle sing……..Liverpool , Liverpool , they’re the sh..e of merseyside!!!!?
Bit miffed about King Kenny leaving I think!!!!
A German investor –
Hans Upp
99 Panzerstrasse
Nuremberg
email – eurohun@dt.de
I am a bit disapointed that
Attila the hun and Gengis Khan havent backed the teddy bears yet.
But if exiled tim has go back in and registered again they might be there soon
SUPPORT YOUR LOCAL ZOMBIES
Do not fear help is at hand, The Ultimate Zombie Strike Team:
http://uk.ign.com/articles/2009/09/28/ultimate-zombie-strike-team
Burghbhoy
Always remember If we hadn’t sold the King to liverpool………..There would have been no Burnley :)
Teuchter ár lá
The World of Tanks advert at the bottom of CQN really offends me. The images are only there for seconds but I’m sure I saw a shamrock. I think I’ll write to the SFA.
That’s Herr Adolf Schickelgruber just pledged £ 10,000 to der Hundead.
Springtime for Sevco and Charlie Green!
I see Celtic were found not guilty re the Zombie banner. Must have run out of not proven’s.
A moment away from swamping the share issue site I have a few questions…
Can anybody tell me what criteria has to be met to be pronounced a 5* UEFA stadium? What do Hampden or Ipox have that Celtic Park doesn’t (other than asbestos and rust)? Does this title come with any benefit other than the fact that you can use it to bolster your status in the share market?
jc2
Just for you mi amigo :>)
Your details
Name: Mr Attila TheHun
Address: Over Yonder, Them Thar Hills, Nepal, NL FUH
Email address: gtfhuns@np.ne
Proposed investment: £10000.00
Your reference
Application reference: 00000022611
A Mrs Doris Karloff just pledged £666!
HH!!
Oh forgot to say over on FF wetting themselves
at 20,000 bears registered even at £500 a go “thats er um eh er Lots of money.”
Deja vu
Back in Feb remember guy on SSB telling them two days into saverangers and they had £10 million pledged lump in his throat.
Reality was after 2 months of butchers selling pies grannys giving over £20 and FF website owners selling red and black scarves(all profit for the cause) they had something like £440,000.
Teuchter ar la
A wee bit hard?
That’s like saying yon other mob might be in a wee bit of financial difficulty.
EC67
floridaghirl
Zombies
DontPatmadug 21:34
I have some shares and a bridge I’d like to sell you then
Aye, I’m bored.
What happened to the strategy of a good day to bury bad news, international week and they have a share issue.
Oh dear.
Stupid, stupid huns…………
Its like reading Viz on here tonight.
For the folk who are going onto newco/zombie website can you answer a really easy question. Why?
You cant turn round and say to folk in the work that Rangers are dead and laugh at what Green is doing and then make a big deal out of making a donation which the old MSM will no doubt spin to say record interest in share issue and then you will all be back on here complaining it all made up…
I know its usually slow on here in international week ….
Ipox did have a 5* UEFA Stadium accreditation but it was withdrawn due to a major structural defect: the Stands faced the pitch!
Boom! Boom!
basilbrushcsc
Can I Have Raspberry On That Champions League Ice Cream
21:51 on
11 October, 2012
floridaghirl
Zombies
Will try not to dream of them tonight – enjoy your nightshift….
Big Jocks list of achievements…..
European champions 1967 , runners up 1970 , 9 in a row and possibly his greatest legacy…….. Putting the Hun out of business !!!!!
God bless big man, the greatest ever!
TET
Thanks
Just aswell i saw your post as I was going to repledge myself.
If two Attila the hun with different zip codes came in they might have sussed
something afoot.
I actually thought when the CVA was rejected and we rejoiced that the days of laughing at Custard the Clown, The RFFF pledges and Bomber Brown were over.
How wrong was I?!
This pledge site is fantastic. £9k duly promised to Chucky and Ally.
I think perhaps my favourite thing about this is that, not only are they being ripped off AGAIN, their fat Quiz show host of a manager is part of the con.
The idea of watching Sevco slip into administration is just mouth watering. Here was us thinking we could drag ourselves away from computer screens this year and get on with our lives.
It’s a bit like coming off the best rollercoaster ride ever then being offered a free pass from the person sitting next to you.
“Want to go again?”
“Don’t mind if I do!”
Greenlion2
Why not ?
Unlike many on here, I don’t have the misfortune to meet any huns, I’m bored, and it’s a laugh, getting to the age that little amuses me these days.
Please don’t take away what little pleasure I have :>)
floridaghirl:
I thought they had lost their 5 star stadium status. Don’t mention ‘asbestos’.
Pol Pot just pledged £20k , not to be outdone by adolf hitlers £15k !!
Greenlion2
Rangers 1872 ARE dead. That’s a fact.
This new club though has the same horrible supporters. That’s why it’s hilarious to watch Groundhog Day with them as the new club slides into oblivion.
If you don’t agree then fair enough.
It won’t stop thousands of us having a right good laugh again though.
Warning!!
There will be a bloodbath at toryglen pitches on Sunday at 3.00.
The orcs v the zombies or should I say ff.fc v rm.fc.
Best keeping away from said area until its cleansed.hh
kitalba
21:59 on
11 October, 2012
floridaghirl:
I thought they had lost their 5 star stadium status. Don’t mention ‘asbestos’.
————-
Just mentioned it as CG did in his statement this morning – although he claimed to that Ipox was the only stadium in Scotland to have it. Even if it has been withdrawn in their case why does Celtic Park not have it?
floridaghirl Seem to remember it has something to do with the dimensions of the changing rooms, so much so that Celtic were considering moving them and tunnel to come out at the corner of South Stand and Jock Stein Stand similar to Old Trafford.
Think the 5 star allows you to hold European Finals.
I maybe wrong but I think this is correct so any other CQN’r feel free to rubbish this.
Keep the prayers and donations going for oor wee fighter. C’mon Oscar.
HH