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?
[calameo code=000390171a36dad35d58c lang=en page=4 hidelinks=1 width=100% height=500]
867 Comments- Pages:
- «
- 1
- ...
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- »
Greenlion2
The most successful team in the world with best attendances at 4th tier games in world and biggest chancer in the world as CE was always going to have biggest over subscribed share issue in the world. (whether pol pot adolf and Attila got involved or not)
For they are the peepil.
floridaghirl:
Celtic don’t deal in handshakes and brown envelopes, also I think it has something to do with too many ‘restrictive view’ seats.
mighty tim
22:07 on
11 October, 2012
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
———
Thanks for that – how ironic -now that the they have to take shifts in the changing rooms in the 3rd division…..
A very enlightened poster from RM.
Must be an accountant, really knows all about the figures…………no wonder they are in the sh1t they are.
…………………………………………………………..
While the season ticket may be reduced so has the wage bill, if going by the figures quoted, this has reduced by a 5/6th’s, which to me seems healthy. Where the season tickets were only down by what a third?
So relatively you still gane more income from the tickets compared to the outgoings
Estimate on last years figs ST sales 16 – 18 million wages 30 million (Even if the wages were only 20 million)
Estimate this years figs ST sales 10-12 million wages 6 million
Seems pretty good maths to me.
………………………………………………………………….
There you have it, not a thought about all the other 200 odd employees, who I understand are still on the same wage as before.
THE EXILED TIM 21:59 on 11 October, 2012
The Honest Cover-up 22:03 on 11 October, 2012
Im just in the binary of Rangers are dead….. Anything else is not Rangers…. I used to not call the original Rangers, Rangers now I do. When I talk in work about the new club I ask them who Rangers are. I call them either the or sevco etc..
Its amazing how few folk talk to me about football talk each Monday….
I enjoy them jooking me more than talking about them. I now have sevco fans trying to talk to me about them getting beat.
Its like a classic episode of everybody loves Raymond when he tells his wife he is not wanting sex…..
Really try it….not with your missus or partner….but tell the sevcoians you want to talk about real teams
They will be all over you
bigjie & Parkheadcumsalford…
I watched that clip and I am pretty sure that the player running round the track is not Jim Kennedy.
Jim left Celtic in 1965 and the footage was shot in July or August 1966.
I am not sure who the player is however he is wearing the number 10 shorts and it could be Charlie Gallagher.
I was at that Manchester United game too (in the Celtic End).
The following week a supporter wrote to the Celtic View to praise the club for erecting the new jungle but slamming the Celtic supporters whom he said did not use the new toilet facilities properly (the place was “swimming”). The authors name?……….Mr Flood!
Floridaghirl
Thanks
floridaghirl:
just had a wee shifty and I don’t think there is such a thing as a ‘5 star’ UEFA Stadium rating any more
http://www.uefa.com/MultimediaFiles/Download/Regulations/uefaorg/Stadium&Security/01/48/48/85/1484885_DOWNLOAD.pdf
Re five star rating
As far as I remember it had something to do with the dimensions of the changing rooms
Hilarious when you consider that Hampden and Bigotdome are five star …both crap holes
Gordon …. Your getting into the slapstick comedy of the 2 Ronnies
Delighted my investment will be sound.
When you hear it from the horses mouth, happy now, I will sleep sound that my money is safe.
http://video.sky.com/news/related/52891/1/Rangers%20Top%20Bosses%20on%20Share%20Sell/true
Kit and PF … Im sure they were the only 5 star rated club at that time …
But the criteria has since been removed.. but if your are trying to sell a dodgy deal ….
At one point they had the biggest stadium in Scotland….today they dont have the biggest stadium in the 4th Tier in Scotland
.
GL2
The Huns speak to range from avoiding fitba talk, claiming not to be interested anymore to bring prepared to talk seriously about how bad they are ……
A refreshing change from their blind arrogance
Humility is refreshing ..so I tell them :-))
The advantage of having a ***** stadium is that you can host European cup finals.
Hampdump is a ***** stadium.
Not even the SFA is going to pass over their own stadium so that the huns could host a European final in Glasgow.
kitalba
22:11 on
11 October, 2012
floridaghirl:
Celtic don’t deal in handshakes and brown envelopes, also I think it has something to do with too many ‘restrictive view’ seats
———-
Have no idea how this was awarded or the criteria that had to be met – but given everything else I have learned on this site I should not be surprised that the process was not wholly transparent and accountable – as for restricted seats they’re not so bad – in them for the CL matches – all you need to do is lean to the side….
Greenlion2
I can’t, I haven’t clapped eyes on a hun for years….and long may it stay that way :>)
Floridagirl.
It was due to the size of the changing rooms. Celtic were going to do the work required, but were told by Uefa that the only stadium in Glasgow that would EVER be used for European finals would be Hampden.
The stupid huns were told the same, but did the unnecessary work anyway.
Stupid, stupid huns.
kitalba
22:19 on
11 October, 2012
floridaghirl:
just had a wee shifty and I don’t think there is such a thing as a ’5 star’ UEFA Stadium rating any more
—-
Do you want to share that with CG before he puts it in the prospectus….
Does Chuckie know this is going on? After 1.30 btw o))
http://www.youtube.com/watch?v=YKmt6HOoHUQ
So those 5 stars on servo’ shirt is to do with the stadium and their fans thought it was titles :¬
PF they are Lance Armstong FC… as Greg le Monde said they (he ) will never admit he is wrong they have no shame….go to the end of Greg Le Mondes speech at Coventry 3 years ago on youtube its frightening. which BRTH posted …
The Comfortable Collective
22:33 on
11 October, 2012
Floridagirl.
It was due to the size of the changing rooms. Celtic were going to do the work required, but were told by Uefa that the only stadium in Glasgow that would EVER be used for European finals would be Hampden.
The stupid huns were told the same, but did the unnecessary work anyway.
Stupid, stupid huns.
Thank you
‘The stupid huns were told the same, but did the unnecessary work anyway.’
===
TCC…clearly with taxpayers money.
HH
Hi Gordon,
a still of that was posted on KDS photos thread ages ago and the player was mentioned as ‘coming back from injury’, hence the solo laps. Thought it was Lennox but my memory is poor.
HH
http://www.express.co.uk/posts/view/351602
Experts cautious on sevco share offer – ¨definately one for the optimists¨
HH
floridaghirl:
Leaning to the side at the games is banned under the ‘Lateral Movement’ saftey regulations; Or so some would wish.
Just watched greengo and Sally on SPN……greengo looks knackered……and sally, oh dear !!!
Your details
Name:
Mr Minty Moonbeams
Address:
Dublin Loyal, Flat 1916,Dublin,Ireland
Proposed investment:
£10000.00
kitalba
22:43 on
11 October, 2012
floridaghirl:
Leaning to the side at the games is banned under the ‘Lateral Movement’ saftey regulations; Or so some would wish.
more of a slight incline then….
Liked this one in the Express
“And some said the news the money raised would be partly used for the day-to-day running of the club “rang alarm bells”.
Fiesta Nacional de España tomorrow, should be a good time in the bars, lots of free vino, oh yes :>)
Could one of you Bhoys send this over to the “Irish” folk singer in Hieland Paddys in Los Gigantes in Tenerife who told me last year he had never heard of this song. He came from Co Clare btw.
.http://www.youtube.com/watch?v=c3O-UgjGRco&playnext=1&list=PL3B4121F369FC49FF&feature=results_video
Playing golf at tunberry tomorrow morning. Anyone down there tell me what the weather is like just now?
THE EXCILED TIM
same here mate in northern Murcia
Felix Fiestas !
Feliz !
Maleys boy
Slight drizzle just now
Was absolutely hosing it down most of the day
Turnberry drains reasonably well ( my neighbour plays there ) so you should be ok
Benthebishop
Where are you ?
I would be about 2 hours from Murcia, up in the mountains
THE EXCILED TIM
Nearest big town in Caravaca de la Cruz