Rangers Into Administration

[DD1903]

There are so many things wrong with that article that I don't even know where to begin!

[Dandyesque]

They have no shame

 

 

RANGERS, the Scottish football club, today announces its intention to seek Admission to the AIM market of the London Stock Exchange.

 

 

Rangers intends to raise up to

[Dynamo]

Wonder how much they'll price them at.

 

And I wonder what the appetite for these shares will be amongst the support. Can't remember the Rangers Fighting Fund raising that much. Although I suppose rich businessmen supporters will be their targets, not the knuckle dragging masses.

[Dandyesque]

Wonder how much they'll price them at.

 

And I wonder what the appetite for these shares will be amongst the support. Can't remember the Rangers Fighting Fund raising that much. Although I suppose rich businessmen supporters will be their targets, not the knuckle dragging masses.

 

Do you think there's that many scrap dealers out there?

[boboisared]

Well I'll be damned

 

SPL has coped with loss of Rangers, says Neil Doncaster

 

Scottish Premier League chief executive Neil Doncaster believes member clubs have "adapted remarkably well" to Rangers' absence from the top flight.

 

Rangers were relaunched by a new company after the former incarnation could not be saved from liquidation.

 

Neil Doncaster SPL chief executive

 

The club was subsequently placed in Division Three, making SPL season 2012-13 the first without Rangers.

 

"We've had to re-invent ourselves but that's happened pretty quickly and clubs have adapted," said Doncaster.

 

"It was a traumatic summer for everyone involved in the game in Scotland. We were delighted to see the season get under way and the focus be back on football once again.

 

"There'd been so much discussion around the whole Rangers situation. To get the season under way, to then be looking forward rather than back was a great relief for everyone.

 

"The SPL and the clubs have adapted remarkably well to what people really couldn't ever see happening.

 

"It was such an unforeseeable thing that one of the major houses, the economic power houses, in Scottish football should suddenly be out of the SPL.

Rangers timeline

 

"I don't think anyone around the world who you speak to can quite believe that what happened happened, but it did."

 

Doncaster, who highlighted this season's top-flight Dundee and Highland derbies as compensating for the loss of Rangers, feels the retention of commercial partners has been crucial to the SPL's continued stability.

 

"There is absolutely an economic knock-on effect at the club level," Doncaster told BBC Radio 5live.

 

"All of our major partners and major sponsors, they've stuck with the SPL and that's enabled the clubs and the league to go forward with huge confidence.

 

"People had the opportunity to walk away over the summer and chose not to. They've stuck with the league and that's important."

 

No, No one thought it could happen bar all the fans who voted against their clubs allowing them back in to the SPL in the independent surveys. Cunt.

[ninja-lewis]

"Nomad would expect that a strong AIM candidate (other than a pre-revenue business or perhaps a natural resources business) has the following characteristics:

 

* a record of sustained growth over at least three years

* forecasts that show sales continuing to grow

* a record that compares favourably with its peer group."

[NorthernLights24]

I thought Charles Green had stated before that share would only be available direct from the club

[dj_bollocks]

This is annoying me today...

 

The link below is to last night's show on 5live... Scottish football chat starts at 2.05:45 - Paul Murray's ill informed drivel starts at abou 2.16:00 - as I mentioned before not even a hint of apology for DeadCo's previous misdemeanours... We're doing great without you thanks !

 

http://www.bbc.co.uk/iplayer/episode/b01n63wb/5_live_Sport_Live_from_the_Leaders_In_Football_Conference/

 

We all know that 3 groups to run Scottish football is a joke - but the arrogance of the prick to suggest that we can't operate without them... You cheated for years, you didn't pay your tax and you wanted a free pass. Get tae fuck and when you get there keep the fuck going...

[Bebo]

They have no shame

 

 

RANGERS, the Scottish football club, today announces its intention to seek Admission to the AIM market of the London Stock Exchange.

 

 

Rangers intends to raise up to £20million through an institutional investor placing and limited public offering. The funds raised will be used for strengthening the player squad, improving and developing the Club’s properties and facilities, as well as providing additional working capital. It is anticipated that Admission will become effective before the end of the year.

 

Since its formation in 1872, The Rangers Football Club has become one of the world’s most successful clubs, having won 54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners’ Cup in 1972. The Club’s loyal and sizeable supporter base, both in Scotland and around the world, enables the Club to boast one of the highest percentages of season ticket holders in the UK, with over 36,000 having been sold for the current season.

 

Playing at the 51,000 seater Ibrox Stadium, which is Scotland’s only UEFA elite club stadium, and benefitting from the world class 38 acre Murray Park training facility, the Club has been a major force in Scottish football for decades.

 

Fans and others interested in investing in the Club should register with Capita Registrars only. Details below.

 

Commenting on the announcement Charles Green, Chief Executive of Rangers, said: “From the time we acquired the business and assets of Rangers FC, we indicated our intention to list the Company and provide our fans with the opportunity to invest in their Club. I am delighted that our plans are coming to fruition.

 

“Rangers is debt-free and a huge club with enormous support and a 140 year track record of success on the domestic and international arenas. Our aim is to return the Club to its glory days whilst ensuring it is run efficiently and profitably.”

 

Malcolm Murray, Chairman, added: “Charles has done a great job to bring the Club back from the brink of extinction. We now move on to the next stage which is full recovery and growth. The fans loyalty has been instrumental in getting the Club on its feet and the IPO gives them the chance to have a say on club matters.”

 

Shareholder Registration:

Capita Registrars

 

This sounds familiar.

 

Remember the last time rangers had a share issue? It failed massively and David No-Legs had to buy the bulk of them.

 

[edit]

 

In 2000, under Sir David Murray, oldco Rangers, now RFC 2012 plc, was floated on the stock market with the aim of raising £53.1m to pay off some of their debts. This resulted in £38m of investment, £32.3m of which was from Sir David's Murray Sports Ltd and the remaining £6m from around 3500 small shareholders.

[Tommy]

This sounds familiar.

 

Remember the last time rangers had a share issue? It failed massively and David No-Legs had to buy the bulk of them.

 

 

It's a total joke.

 

140 year history died.

 

Newco has a few months history.

 

Die newco, Die.

[tup]

Why are folk expected to keep pumping money in to something that keeps failing?

 

To do so is the definition of insanity.

[dave_c]

So a business formed in 2012 has managed to amass "54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners

[The Boofon]

So a business formed in 2012 has managed to amass "54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners

[Westhill Red]

I have just purchased my Grandad's WW2 medals from him we have the same last name and I've added the honours to my CV. Hopefully hear back from a few companies by the end of the week.

[Bebo]

The Financial Times take on the potential AIM listing.

 

Ship of Theseus seeks flotation

 

Those who argue for a further relaxation of the LSE

[dj_bollocks]

Great read Bebo.

[Mikeyboy1903]

Big Tax Case

Small Tax Case

EBT's

 

Basically Green is doing what Whyte did ... Doesn't take anyone with half a brain to understand that.

[360]

hun bastards accepting the "Not Guilty" verdict over Celtic's banner with grace and dignity. As expected.

 

Grace and dignity

[paddy]

"The club may have been founded in 1872 but the company it has hermit-crabbed into has only existed since May and has never published a single page of accounts."

 

I love this expression.

 

I think I will start calling them Hermit Crab FC.

[Mikeyboy1903]

hun bastards accepting the "Not Guilty" verdict over Celtic's banner with grace and dignity. As expected.

 

Grace and dignity

 

 

And the SFA have never ever done anything for these unwashed cunts ......

[strachanmcgheegoal]

Just had to copy this over from the RM piece above. With such an accurate and yet concise summation of Irish history should we be expecting the author on a Question time independence panel any time soon?

 

 

"...The only intelligence they own is to deflect. Even their lowlife politician reckoned when proddys were building the titanic, they were building an iceberg. Now they're showing that proddys (RFC supporters) are neanderthals.

 

 

All from a group of gypsies that canny grow potatoes

[tightbreeks]

they should just go to wonga, like their fans, and get some cash on the never never.

[sheepiekev]

they should just go to wonga, like their fans, and get some cash on the never never.

 

Thing is tightbreeks, wonga look for their money back.....the scum are not in the habit of paying their debts.

[dundee_red]

Since its formation in 1872

 

That sounds like they are admitting to being the same as the company that has debts of c

[tightbreeks]

it would be good to see the bailiffs wire in, i'll call them hammerhead & kneecap, take away all the crap lying about vaginabrox.

[Ingolfsson]

Doing my bit here in Georgia to ensure there's no confusion among the locals about rangers still being in existence....

 

http://www.georgiatoday.ge/article_details.php?id=10538

 

New Chapter in Arveladze

[boboisared]

So what's wrong with the Tim's banner? Thought it was quite funny. Can't see how it's offensive at all.

[V for Vendetta]

We stress ourselves so much pointing the club formely known as rangers do not exist anymore, but we're banging our heads against brick walls.

 

The media will do nothing about putting these people straight, because these cunts are too scared.

 

I've given up pointing it out, because it's doing no good now, they still believe they exist.

 

Take a deep breath Roberto, relax.

 

We don't actually need to constantly correct them or worry when they claim to still exist. It doesn't matter if they insist on it. The FACTS are quite clear: the Rangers FC which was founded in 1872 does not exist. Its gone and can never come back. The history is lost. The new club is also commonly called Rangers FC - thats fine. Its still a new club.

 

Much as the Sevco loving media cheerleaders want to refer to them as "Rangers" it just doesn't ring true so it doesn't matter how many times they say it. The facts are so contradictary to this bit of wishful thinking that its not worth worrying about. Everybody knows this is a new club, in fact its the very knowledge that its a new club that is driving all the fans to keep trying to insist its a continuation of the same club - no other reason.

 

I've also noted more and more articles in the BBC, Scotsman etc starting to describe them as a new cluband each time that happens its like a body blow to these hermit crabbing fucks.

 

they should just go to wonga, like their fans, and get some cash on the never never.

 

Green is doing much much better than a wonga loan. A better analogy would be getting his mates to give him the cash - that way he won't have to pay it back.

 

If 20,000 Sevco fans go and sort out wonga pay day loans so they can buy shares then Charlie gets to keep their money for abosultely nothing in return. I hope the most obnoxious, triumphalistic, moronic and morally bereft fans in the world dig deep and hand over everything they've got because frankly they'll get nothing back and not a penny will be invested in the clubs long term future.

 

The Chairman made exactly that slip in his statement this week when he described the money raised through selling the shares as "revenue".

 

And you really have to admire the description of the club as "debt free". Presumably that doesn't include the debts owed to Ticketus, the "investors" who have provided a loan and probably craig whyte. Quite incredible the chutzpa with which these spivs are carrying this off. Good luck to them.

 

Rangers will pretty soon find itself scurrying about for another vacant shell IMO.

[Ando]

Sevco Newhun listing on the AIM? Oh that is good news The AIM is absolutely littered with corpses of dodgy companies whose directors chose to list on that barely-regulated market, who then spun RNS announcements full of lies and deceit for weeks/months/even years on end for the sole purpose of lining the pockets of execs/directors and their hangers on, via preposterous salaries for non-jobs and issues/exercising of mega-options, until such time as the "spin" could no longer be stretched out, and then BANG! Sudden catastrophic RNS announcing dire finances, then insolvency/suspension/delisting. Shareholders lose everything, directors/execs retire laughing into the sunset.

 

Here's hoping that's exactly what Green and Sevco Newhun have in mind

[V for Vendetta]

Sevco Newhun listing on the AIM? Oh that is good news The AIM is absolutely littered with corpses of dodgy companies whose directors chose to list on that barely-regulated market, who then spun RNS announcements full of lies and deceit for weeks/months/even years on end for the sole purpose of lining the pockets of execs/directors and their hangers on, via preposterous salaries for non-jobs and issues/exercising of mega-options, until such time as the "spin" could no longer be stretched out, and then BANG! Sudden catastrophic RNS announcing dire finances, then insolvency/suspension/delisting. Shareholders lose everything, directors/execs retire laughing into the sunset.

 

Here's hoping that's exactly what Green and Sevco Newhun have in mind

 

No hope is required.

 

This is the only explanation for all the smoke and mirrors pish going on at sevco.