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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So Green says he’ll do a Minty, my @rse:
http://uk.eurosport.yahoo.com/news/green-vows-buy-shortfall-shares-162204151.html
Pfayr
Cheers. 8-15 tee off so hope it dries up.
Catalan girl on Newsnight.
Fantastic, I marvel at the ability of non English speaking people to o on UK TV and articulate their views so eloquently.
EC67
Benthebishop
Know where it is, never been there.
Nearest town to me is Baza.
The best bit I like about living here is it’s totally hun free.
Dr Joe King of the Cayman Islands has just submitted an offer of £5000 in Sevoc
Have it on good authority that Dr Hugh Jarse pledged 10K towards Chuckles Le Vert’s share issue.Think it will do well HH
For all music lovers out there, a new Rolling Stones single entitled Doom & Gloom is available to listen to on YouTube.
It contains the line ” I crash landed in a Louisiana swamp, shot up a horde of Zombies but I came out on top”
Good old Mick & Keef, finger on the pulse as usual. Have a listen http://www.youtube.com/watch?v=rPFGWVKXxm0
Just had one of those “what if” moments …………
What if bomber, walturd etc have been so quiet because they are working in the background to ensure the share issue is a disastrous failure…….greengo then has to ‘get out’, and has to sell to them, making a few bob profit, then they take over……mmmmmm ….that would delay zombie2 administration for ANOTHER month………all this speculation on what the end game is …..am luvin it …..wish it would just go a wee bit faster …..am runnin oot ae sedatives….night all
LIQUIDATION DAY TOMORROW,,,?
THE EXCILED TIM
Same here, which is a pity, but theres been a few over on holiday lately and it was very hard not to bait them…………so i did ha ha
Don´t know where Baza is but i´ll look it up.
Lest we forget.
http://www.youtube.com/watch?v=SMf6IyJI0e4&feature=related
I can understand Chuck trying to fleece the hoards, but I would imagine sally would be on a sticky wicket when the hoards find out he was in on the scam…….
Or he might have been duped……….
Anyone else think that superswally looked uncomfortable sitting with CG on the Jeff Randall show tonight?
the exiled tim
23:23 on 11 October, 2012
Duping Sally? Not the biggest challenge facing Chuck!
Benthebishop
I would be about 20 mins into the mountains from Baza, live in a cave, amazing so it is.
Right, time for bed.
Take care and god bless Timland
HH
Doc
Sally aint as thick as he seems, all the pie eating stuff is just for show :>)
estorilbhoy
23:23 on
11 October, 2012
Anyone else think that superswally looked uncomfortable sitting with CG on the Jeff Randall show tonight?
=========
He’s had his liquidation face on since February, I never know how he’s feeling these days :D
HH
Nelsons Column in Dublin pledges £10k!!
the exiled tim
23:28 on
11 October, 2012
I agree, Sally is in on it, sarcasm doesn’t come across so well in the written word.
Duping Sally would not be Chucks biggest challenge!
Mr Henry Eman
Address:
Castle Greyskull, 150 Edmiston Drive , Glasgow, United Kingdom, G51 2XD
Email address:
heman@greyskulls.com
Proposed investment:
£10000.00
Your reference
Application reference:
00000028380
I reckon old Chuckles will be announcing record investment in less than 24 hours tomorrow.
The huns are dead, Huns are dead.. Zombie zombie zomb-ie ie ie.
QF. Quarter final this time!!
Not really interested in the latest seedy scam by Govan’s motley collection of conmen & comic singers.
It is an irrelevance.
My thoughts are in Philadelphia where a drama that IS important is being played out by a wee hero & his anxious family.
I wish my prayer account was in better shape.
Sorry to hear that Curly has lost his Bankie mate, Steve.
May he rest in peace.
Thank you, your interest has now been registered. We will send you an email in due course with details of how and when you can apply to invest in Rangers Football Club.
Reference: 00000029087
Name: Mr Mike Rotch
Proposed Investment: £10000.00
Moe’sTavernCSC
The Sevconians need only ask one question:
If CG is backed by all these multi-millionaire investors, willing to pour their money into the club, how come they need to flog off shares to raise funds to invest in the club?
CG has to be congratulated for launching the web site though. I mean, if they’d used a Nigerian web address, that would have been a dead giveaway…
Good description that though, “dead giveaway”, kinda sums up the share issue nicely.
QF
IS THE ZOMBIE DEED? Im new to this should i wiki it?
Bomber broon is abt!!
I think this Ghuy gives Celtic a mention!!
http://www.youtube.com/watch?v=v1qxJPzjObI
.
This is Probs a Really Dumb Question..
But..
The Green on Celtic’s Strip..
Is it Just Plane Olde Emerald Green..?
Or is there a Auto Paint that has a Posh name..
It’s for My Olde Van project..;0)
Thanks in Advance..
Summa of OldeVansGreen&WhiteCSC
H T?? Mon Wee Osc!!
S o S
Plane = plain maybe?? Or are you flying somewhere?
I once bet a horse called MFI The legs fell aff it 20yds from the line. o)
Twa H T’s??
Whats the point in this website to say you would but 10,000 shares when there is no checks on credit worthiness, email address or even name.
The information taken from this web form cannot be used to enforce payment, nor as has been found from on here can legitamise any share selling potential.
So what is the point of todays exercise??
What does Green gain from it?
Good evening CHAMPIONS
Summa, good to see you are wearing well. The wee one was over with her dad last weekend. A brilliant time with them. I hope you and yours are all well. HH
God bless wee Oscar.
Weefra hH
Pogma.
Thanks for the link.I went into the letters page and a poster mentioned that jimmy savile visited kincoras boys home and its been suggested he was also a mason.
Would appreciate if anyone could enlighten me.
I’m getting a bit fed up with their peado p**h.hh
apologies if already posted/referred to .
they really are delusional .
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STV claimed the previous share issues were a flop but if I remember correctly the last one was the best supported issue involving a British Club. They seem to have forgotten that the number of shares the fans could buy was limited to the number they already held which meant we could only buy a maximum of around £5m while Murray committed to the remaining £50m due to his 86% shareholding.
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sanna (smacksforeheadsmiley csc)
tigertim,
its a phishing scam :oD)))
Can’t see any other use for it, think you maybe right, search on ip’s???