Celtic Banter Archive October 11 2012

11 Oct 2012 23:36:08
We thought we had it bad with referees,check this out.

www.youtube.com/watch?v=U8KnkOU_H1A

Jungle Bhoy.

11 Oct 2012 20:00:53
I must be missing the point here , how can you float shares in a liquidated company (Rangers FC) h FC) , which is what Chuckles Green is advocating , isn't that illegal ? looks like they really are Sevco 5088 despite all their protestations

11 Oct 2012 20:11:43
As Green started with the jokes here
is one I heard today....

With all the controversy over Wonga
sponsoring Newcastle, their manager
Alan Pardew has told the players to
forget all about it and to go on the
pitch and give their usual 4195% lol Timalloy

11 Oct 2012 19:47:47
Prospective Share Issue

As other people seem intent on a share issue down the south side.
Wee Pat and I are going to offer the same for the East End...
Please buy shares in the "New Sara Heid" shares start at an amazing £50, open to all gullible (er interested) people.
Our aim is to make as much money as possible for our new venture.
45% of everything raised will go to the wee Pat Christmas fund and 45%to
to the Timalloy travel fund. 5% will go for "expenses" me and Pat think up.
2% will go to ED007 for allowing us this advertisement facility.
A further 2% will go for a booze up. All remaining monies will go to our
new business investment, less 1% for cost of setting this up.
To prove it is a genuine proposition it will personally be underwritten by
Posso Investments Inc, a subsidiary of Patrick of the Gallowgate Ltd.
All investors will get a welcome pack consisting of a balloon (choice of colour) a bar of chocolate, various "surprise"
gifts including (for the first 100 investors only) 007 aftershave from ED007
personal supply.

Timalloy/Wee Pat Enterprises Guarantee
If not 100% happy Charlie Green will personally refund any monies due....

11 Oct 2012 18:29:25
Fair play to the Sevconian supporters for buying 36,000 season tickets, even though the purchase price is greatly reduced from when the club they previouly supported played football.

However, I just cannot see how they will raise anything close to £20m in a share offering.

The minimum investment is £500.

That is a lot of money to ask in the current financial climate from your working class supporter who is already shelling out to support the club through match attendance and purchasing merchandise.

The 27,000 shareholders of Oldco who lost all their shares when Oldco went into administration would be the group of supporters who you would most think would be likely to invest. However, these guys will be very, very wary and many will be astute financially and will not invest in something that is very high risk and where they don't have full transparency or confidence in those running the club.

There is virtually no chance of any institutional investors putting their money into a team in the 4th tier of Scottish football, with no trading history, no accounts and absolutely no idea of how, when or where they will get a return on their investment from.

If Green is lucky he will get 10,000 investing (and I think this is very optomistic) at £500 each. Any investment will come from those with an emotional attatchment to the club and not from investors looking for a return.

But this will only give a receipt of £5m. Then there will be heavy professional fees to deduct, which I'd estimate to be at least £500k.

Green will be very, very lucky if he manages to raise £5m.

K-Dot.

11 Oct 2012 19:10:01
K-Dot had to laugh when Green was asked if he would underwrite share issue, like Murray did. No he said! but he will "buy any left over" looks like he will have to buy £19.9m LOL
I also note he is back as "OLd Co, with 140 years of history" oh these gullible ex bears will fall for anything. ha ha ha Timalloy

20% vat =£1m to HMRC
Post out prospectus, covering letter, post out application forms, printing, envelopes, postage, printing share certificates, publisher/ author fees, ......

11 Oct 2012 14:17:38
Hi ed heard a rumour that the new co could be going in to adminastration because the major backers have pulled out. Do you know anything about this or is it a load of rubbish?
Paderbhoy. {Ed007's Note - Malcolm Murray has denied it.}

There's been untruthful denials out of Ibrox for years.

What do we know about this guy Malcolm Murray? Where was he a chairman, CEO etc before sevco? Did those companies fold owing money?

11 Oct 2012 12:40:38
From TV website Ed:

"After the Sevco asset purchase, Mr Green has been behind the drive to sell 36,000 season tickets at Ibrox, and confirmed in an interview with the club’s official online TV channel in May that his consortium's objective was to profit through a share issue.

He said: "I said on day one I wasn't coming here because I was the Salvation Army and I came here to make money. I make no apology for that and the reality is that any money I make will be in the form of shares"

Rangersrumours don't appear to want to put it up.

11 Oct 2012 12:29:42
I'm hearing rumour Craig whyte during his several months took in £50m; gate receipts, tv money, sponsorships and £26m from Ticketus. During the period he spent £20m and syphoned £30m...... And this is what is floating new sevco rangers....the economics don't work unless this money saved from creditors for the rebuild of newco.
Whyte said he would be the hero and saviour in long run.

Whyte owns assets from grand Cayman shell company and blue pitch holdings.

Why was whyte allowed to appoint his own duff and phelps administrators? Why were they never working in creditors interests? Why did duff and phelps director attend meetings with whyte and advise on purchase of rangers? Why is Sir David back being the great guy? Why did companies house allow sevco Scotland to rename as Rangers FC the name of a club in liquidation? And that club to be renamed rangers 2012?

Scottish companies law is the same as England. Westminster laws. Not devolved. Companies house all over UK have to work to the same acts of parliament.