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13 Dec 2012 22:41:06
do you get a certificate with your share?....les
No.But you must produce one to show your of sound mind if you buy into this scheme.
I love the smell of nepalm in the morning...les
No you get certfied...col
13 Dec 2012 13:46:48
I am sure there were lots of people who said CG was lying about the Mike Ashley investment, well no after reading the prospectus it is there to see that he has an 8.98% interest
here are some others for your obssesive google searching timmy
Blue Pitch Holding
4,000,000
11.97%
Mike Ashley
3,000,000
8.98%
Margarita Funds Holding Trust
2,600,000
7.78%
Richard Hughes
2,200,000
6.58%
Imran Ahmad
2,200,000
6.58%
Craig Mather
1,800,000
5.39%
Norne Anstalt
1,200,000
3.59%
JG
Numbers are all fine and good but what is Ashley getting in return? Whats the exit strategy for investors? Who exactly are Blue pitch Holdings? Will they be prepared to up scale their investments if,as the prospectus figures suggest,money is still needed for running costs and necessary operational overheads?
"he has an 8.98% interest"
an interest, not yet investment, and no details of how much paid. If he pays 20p (claims 0.01p elsewhere) for shares and you pay 70p whos the fool.
If it said, % and how much paid - would be no issue - but it does not disclose that... now why not ?
Wheres the Adidas one then ? Or the DallasCowboys... greens is spinning one or two threads of interest into persian rug (made in china) no doubt.
JG what about £17 million income, not worried that accounting fiddle ?
Imran Ahmad ... who recently left investment agents acused of running boiler-plate scams (dodgy investment vehicles which main fail....) yup hes a man you want owning a large slice of GERS ???
And then two other investment vehicles who could be hidding anyone........
lol
Both imran and Charlie get 325k each plus extras !
Lenny
@ 1
why are you so interested in what people get in return
where you that bothered when we Fergus made over £20 million when he left Celtic i bet you weren't you were just happy you still had a club
so who gives a sh*t how much they get in return as long as they leave a fully functional self sustainable club
Lochaber Bear
We are rangers and since you all seem to think we are dodgy and cheats and all the other stuff you like to say. What are you trying to get at. All the talk of CGs a con man whyte is still involved we are going to end up back in admin we have no history etc etc etc. just out of curiosity how long do we need to survive till you lot get the point that no matter what there will always be a rangers
What if blue pitch holdings and margarita funds holdings are owned by Imran Ahmed then he's got 26% and the 10% promise is rubbish!
In response to all the banterers above who posted
@1 if you have ever owned shares then you know that you realise a return on your investment through dividends or selling your shares for more than you bought them, that is the exit strategy i use when i buy shares
BPH percentage will reduce with the share issue to 6.94%, was no one listening when CG said no one would own more than 10%
@2 maybe the language has throw you, when you have an interest in a company that means you have invested and MA has bought 9% of RFCL, after the share issue his interest (he will own) will be diluted to just over 5%
@3 after the share issue IA will own just over 3% of rangers, not exactly a large amount, maybe the bloggers can tell us what the investment vehicles are hiding they seem to know everything about rangers affairs
Next thing we know Legal and General will be getting bad mouthed and maybe even boycotted
JG
Why do at least two shareholders require secrecy? Only dodgy people need that.
@2 missed your last question there
Its accounting (i will defer to an expert here)
please read part IX notes 6 and 11 of the prospectus,
JG
@ Lochaber Bear; Why do you assume i am a celtic fan? Nothing in my post suggests that. @JG;You seem to be missing the point of corporate investors.They will not be in this for a long haul i would assume two or three years maximum,do you see the share prices increasing that much in that time scale? Remember there is very little money to be made in Scottish football and Europe is, at best,four years away.
It's quite sad, JG, that you accuse anyone who has something to say about the share issue who disagrees with you of being a 'timmy'. It's obvious you can't see the bigger picture with that or the share issue because of your narrow-minded attitude.
Lochaber Bear, you are right acid test is what state do they leave GERS in.... we know celtic lost £20 million, but came out with better stadium, solid finances and team that now earns £20m in one year in one competition.
But any sane look at what green doing thats different, lots of rangers companies, no clarity on deeds, exit costs enormous, if gers fans not careful green&co ( who seem to have reputation for floating basket cases... that collapse soon after float ) - its worrying for non-gers fans....
Fergus invested very heavily and then took the cut.
Green invested £25k, and has started to take cuts (£90k ??, £360k salary, £360k to leave, etc etc etc) he already on million, and it 4 months in.....
so worrying...
JG there is accounting (backed by auditors) and creative accounting (not backed by auditors).
You decide, but saying we have made £17million (after only spending £5million) JUST by revaluing ibrox... its just a little creative... no ?
The thing that I cant understand is how can all oldco assets be bought for £5.5 million and then without doing any work the Stadium is suddenly worth 3 times the value of all the assets.
There is going to be tough times ahead for CG and D&P when BDO get their teeth into all the dodgy dealings that went on after D&P took over.
Ian
I wonder how much Scrutiny Fergus McCann would have been under if there was the same internet access in 1994.
@16. None, cos you all say you wouldn't be interested. The list of shareholders above already own over half the shares. That small group will have total control over the fans investment. The recent debacle with dufc has ensured there will be no quick entry to a higher league so there will be losses in the short term. Also shouldnt you wait until oldco is liquidated and you know better what you will be investing in ? There may be severe brand restrictions. First rule of investing - use your head not your heart. These large investors are wealthy men, let them buy the lot If its so good. The 10% rule could be a trick. I'd wait. It wont be oversubscribed.
@17 - the list above are the current shareholders who own more than 3% CG included. There are others obviously because that list does not add up to 100%, the others own less than 3% so for the prospectus they do not need to be named
If the existing shareholders own 100% and then issue more shares, then their holding will be diluted, unless they buy more shares in the issue,
Green openly invited investors to buy up to ten % which MA did, now he will see a profit on his return immediately (on paper of course)
JG
13 Dec 2012 12:35:53
Since old co rangers FC is now being liquidated who pays that bill ? D&P get a wage from it I guess from Craig whyte ? So who pays BDO? Cause green has the stadium training ground and car parks ? So there's nothing really to sell on ? Or does the 5.5m green paid for the assets get spilt ?
Lenny
Lenny if thats all you have to think about all day, you really need to get out more and meet some real people!!
JG
@2; From a third division team no less.Laughable really.
JG your clearly a anti Celtic person who hates anything that has Celtic or Celtic fans name to it.was a general question looking for a general answer ?
Who cares about last night ? We won in for 4 cups after Xmas ? Maybe next year you can step upto the plate and play a div 2 team eh ?
Lenny
@2 ....lets see we are a joke that's in the last 16 of the CL, a joke that beat barca and spartak twice, a joke that is still in every competition that it has entered and a joke which has made £30m from one competition and finally a joke that has made other spl clubs a £250k bonus. So if we are joke I can't begin to imagine what that makes your lot.
Briggs
Good question who pays BDO, d&P claim most of the pot left from creditors, BDO will take most of whats left, but can recover ammounts (like stadium, name, crest, trophy cabinet) back if they think green underpaid significantly.
If sharefloatation a success, BDO will almost definitely claim gratuitous alienantion, and get more for creditors.
If sharefloatation fails, then BDO may not have a case....
Green says its already raised £17 million, so paid £5million worth £17million.... so underpaids by £12 million at least, queue BDO and court visit.
Where do you get that the spl teams will recieve £250 000 i think you will find that uefa said there will be no money for spl teams
Aye but I'm the bad guy for posting a question that's still not answers by anyone ?!
Lenny
Lenny - BDO will get their cut from the monies they can recover - its people like Whyte, Murray, Lloyds, Ticketus, D&P, Donald Muir, Ticketus as well as the players that they are looking into. Also if the BTC appeal goes in the way of the oldco they will recover costs from HMRC.
@3 Lenny, i dont know whether to take that as a compliment or not mate, but remember what we are told constantly on here
Its all banter and i can enjoy the banter same as anyone
JG
Lenny - just read your post @3 again, eh where did i mention last night?, what even happened last night?, and who mentioned xmas?
JG
SPL teams will all recieve payments of £220K which is due next september as a consequence of Celtic qualifying for the CL group stage ........ they wont however recieve any additional payment for Celtic making the last 16 .
@6
Celtic's Champions League qualification will provide a £1million boost to the Clydesdale Bank Premier League as a whole.
The SPL confirmed that "solidarity funding" from UEFA would increase to £1.5million with the sum shared equally among the 12 clubs.
The league said the bonus would "partly offset the financial damage caused to the League by the loss of Rangers from the SPL".
SPL chief executive Neil Doncaster said: "Our congratulations go to all at Celtic FC on once again reaching the group stages of the UEFA Champions League.
"Their success is a welcome boost for the entire game in Scotland - both financially and reputationally.
"Ahead of the start of Scotland's World Cup qualifying campaign next week, last evening is a timely reminder that Scottish football still has a rightful place at European football's top table."
This is taken from Duedil website.
About Rfc 2012 P.L.C.
Rfc 2012 P.L.C. was founded on 27 May 1899 and has its registered office in Glasgow. The organisation's status is 'In Liquidation', and they have 37 associated directors - 0 are current, and 37 are former. The company has 5 subsidiaries. The business has total assets of £136,272,000 plus total liabilities of £56,828,000. They are due to pay £2,231,000 to creditors and are owed back £3,877,000 from trade debtors. As of their last financial statement, they had £348,000 in cash reserves. The company's current book value is £67,850,000, and the value of their shareholders' fund is £79,444,000.
How can this change so grossly in 2 years. Book value almost £68 million to selling under D&P for £5.5 million to increasing again with one asset now worth £17 million.
Ian
13 Dec 2012 12:03:05
Fraser Wright - great consistent centre half
Good post Fraser
Briggs
@1 brilliant lol
@2 Good post Briggs
JG
13 Dec 2012 09:58:26
Wee Naisy saying he's had some difficult decisions to make.
Saying he did the 75% wages drop. Saying fans don't know the half of it. Not what's in a footballers contract. He can find Sympathy if he wants it, its in the dictionary between **** and syphillis.
"Naismith says he bears no ill will to new Ibrox owner Green and, having stated in the summer when he announced he was leaving that Sevco was not the club he once knew, he now reckons that from a fans' perspective it is still the same club."
Well if that's saying its not the same club, and its only in the fans minds, that's his position.
I can't believe the stick Naisy and the rest of the guys who left are getting. I, like every other bear, was gutted and angry but I don't blame them. At the end of the day money talks. You can't expect guys of that quality to play in the 3rd division. There was probably a good chance that these players had great intentions to come back to the club but the fans' stance over their decision to leave will prevent that from happening, which is quite sad. Like every other human being they took jobs that were more beneficial financially. I hope one day they are welcome back at Ibrox.
TTG
@1 your completely missing the point no Rangers fan expected these guys to play in the 3rd division. The ill feeling towards the players is because they walked away for nothing. They could have accepted the contracts but negoiated deals allowing them to move for a set price. If the players had insisted that if a bid came in of around £750k they would be free to go. This would have generated vital funds for the club at a time when no one was really sure if the club would survive. Now if 6 of the players had thus clause inserted then the club would have received over £3m. I doubt very much that Everton, Sion or Beksitas would have not signed these players so they would have still got their moves and the club would have received much needed cash which could have been the difference between the life or death of the club. You will probably find that the players were given bigger signing on fees as a result of the free transfer and that's Green's point about lining their own pockets
RFC accepted official congratulations world wide for there fantastic 140 year history. Sorry timmy for messing with your deranged fantasy but it is official 140 years and many more to come. Welcome to the world outside timmy land.
No one expected them to play division 3 football pal. Simply show the allegiances by moving they're contracts to new set up with the assurances they would get they're big moves. Rangers would then have got millions when you accumulate the fee's they would have received for McGregor, Davis, Naismith etc. They got a small fee for Davis and McCabe but nowhere near they're true value. They could have then moved on having left a huge chunk of transfer fee's with which the club could have rebuild. Cant believe i'm having to explain this to a Rangers fan! Where have you been?
@1, you are missing the point completely with naismith
Rangers had helped him through two very serious injuries and got him back to full fitness, he could have transfered over like big jig then we would have received a reduced transfer fee for him,
Thats the least i would have expected after rangers stood by him in his time of need,
He left for free and no doubt received a larger signing on fee since their was no transfer fee
JG
The point with naisy was he could have been up front with gers and the fans, he could have said he wanted to leave instead of wanting to play in the 3rd, but would only leave when gers got sum sort of transfer for him, fans would have admired his honesty, and would have left with our best wishes, instead he had a press conferance with whittiker and told the fans lies, this after gers paid his wages in full when out injured and paid all his medical bills after 2 major injuries, thats why he and others will not be welcolmed back at ibrox, NEVER RANGERS MEN !!
@2 So the fact these guys took up to a 75% paycut with no sign of getting it back, that at the time they left no one knew what would become of Rangers and under TUPE they did not have to agree to move to new Rangers.
The bigger signing on fee should surely be the players as compensation to the paycut that they took. I dont understand the bad blood aimed at these players as they had to look to their future which was at the time and to a degree now uncertain at Rangers.
Ian
If anything they should have been sold and creditors got some money back. It is pure arrogance that you think you should have got money for them
With regards Naismith, as others have stated, rangers saw him threw two serious knee injuries. Which would have included medical treatment that you and I could only afford if we won the lottery...and I bet that he didn't go down to statuatory sick pay like I had too when I injured my shoulder! The least he should have done was ensure some funds coming back into the club but instead to quote CG he feathered both his and his agents already bulging pockets.
Ian
First things first everyone knows that the players took a significant wage cut however it's easier to take a 75% wage cut when your on £25k-£30k than it is when your on that a year. Another point that no one seems to have mentioned is that had the players been made redundant there was a distinct possibility that they would have had to wait until the summer to get new clubs. This could have meant a few months with no wages and surely 25% of your wages is better than none. Take Greg Wlyde who was one if the first to go. He went to Bolton but wasn't able to play the rest of that season due to registration issues. It's quite logical to assume that the other players would have had the same issues and clubs would maybe not want to pay wages for a player unable to play
The players should have become official free agents to transfer anywhere when the club went into admin and they were told 75% wage cuts. Why the SFA didn't give them that freedom is baffling.
At that point their contracts were in breach and void. That's why rangers in admin had to legally get them all signed up on new terms & conditions.
When Rangers fell into liquidation, the guys had lost a lot of money through no fault of their own. They were legally free to go anywhere.
Greens position is indeed wrongful and disgraceful. He is owed no money, but he is besmirching these players good names by suggesting he is owed and saying they feathered their pockets.
Who in their right mind gives up £750k to a club that just fleeced 75% of your wages? When you can keep that in your own pocket legally and morally? Nobody's love of a club stretches to giving away £750k of your own earned money.
#2 - thank goodness for some common sense
#12 - not quite the full story - he gave up 75% of his wages for 3 months out the 5 years he was there - mostly injured but that's neither here nor there - the club was being run by administrators and they DIDN'T want the players to take the reduction, they wanted to sack half of them - the reason they took the cut was to stop this - admirable at looking out for fellow players - all we asked is that they did the same for the fans and the club. Please remember they didn't take the cut for nothing, they negotiated reduced release clauses in their contracts - all anybody asked is that they transfer over and move out when the reduced release clauses were triggered
@12 The club did not 'fleece' anybody. The players agreed to a wage deduction till the end of the season to help safeguard jobs in the non-playing side i.e folk like you and me on normal wages. The players had a choice and could have said no if they wanted to, so to sugest the club did something underhand is out of order.
I was under the impression that it wasn't wage cuts , but a wage deferral that the players agreed along with the players union backing them up entirely different matter.
The players agreed to a wage cut to help the club get out of administration they didnt agree that if it failed they would transfer as an asset to greens new club and be sold to fund his new club and fill his and his investors pockets with wads of cash its green and his investors job to finance the club not the old players
@10 Eh would the redundancy money they would have got, not covered the few month's wage's they would not get in your scenario ?
Tam
The way we are treating Naisy and co. is a disgrace they were employed for us for over 4 months for a quarter of their agreed contract. That alone allowed the to go at the end of the season as their original agreement had been broken. It wasn't to club Green now owns. The old club was in the process of being liquidated and indeed if money was due from their contract it would surely go to the debt due to creditors of our old club. If as Green says he bought these rights then he would be liable for these debts BDO would question this stance of his. I wonder if this is holding up the liquidation process ( what is your opinion of this Ed ). I am sure he could not have bought all the assets of our old club + the history and contracts of all the players who left for £5.5m which also included paying D & P, something does not ring true. It is high time BDO or D & P came out and explained this and let all the fans know. We all want to see the Gers move on but after all this time I fear for our future,it is no use taking the word of a guy who has already lied to us without this knowledge.
Bobby
@10 taking a pay cut on any wage is difficult if you're on £25000 a year you live within that limit i.e. £150000 house fully mortgaged reasonable car out possibly 2-3 times a month. If you are on £25000 per week you live within that big expensive house possibly 2 or 3. Fancy car/cars eating in fancy restaurants 5-6 times a week.
Can you see how it is if you are on a salary you live within that salary so to take a 75% pay cut would mean dipping into your retirement fund selling houses cars etc. It's not as clear cut as they were on £25000 per week so it's no problem to them to knock that down to £6000 per week.
Ian
13 Dec 2012 09:25:09
Pompey (portsmouth) all over Sky News, where fans organisation is trying to buy thier ground for £2.5 million.
Sadly seems in high court there are fights over valuation, owner wants £12 million for fratton park, and choice of adminstrator.
£12 million for Fratton Park? That would have to be the biggest laugh of the day if they are asking that much! God sake even the asbestos dome is better than Fratton Park, and that is saying something! And CG supposedly got it all £4 million! Hopefully all this rangers fiasco will finish soon because my sides are so sore from all the laughing!
OP - and good luck to them, hope they get it
JG
13 Dec 2012 09:10:36
Must give the hearts fans full credit for raising £800k in a couple of weeks, that's some going, but oldco fans could only raise £500k in about 4 months,why is that when they claimed to be the most 'loyal' fans about and have a bigger fan base than their east coast cousins? I think this shows that 'loyalty' is more than spewing nonsense on tv and forums. 'Watp' 'Rtid'?...... What a laugh
Briggs
The difference is we didn't know who to trust and lets be honest it ended up paying to re-turf our pitch, we didn't know where the money was gonna end up i.e cw buying a new lambo for himself, totally different situation all round, but will say well done to the hearts fans.
craig+babybear
Great post OP! Yeah they can kid themselves about their worldwide fan base but I believe it is definatly an illusion!
Good on hearts for getting those funds raised!
That money will apparently only do them until summer. Then what? Will they be asked to pay more
Again and again?
Blueice
You lot only had to raise £1 million, but had to rely on some Canadian to save your bacon.
Blueice
If Hearts are still pleading for funds from fans why then are they looking to bring in players, with all the financial difficulties their having.
@4 in the defence of the great unwashed, that was probably the equivalent in the early 90s to what your club were needing to stump up now!
But you have to remember your club had the opportunity to take money from someone across the pond too but the knuckle draggers scared him away! Or was it something that he read about all the dodgy deals that were going on at the club? Who knows! Maybe bill does!
All good posts above saw a bit in the paper saying if the fans don't buy shares then the club will die (hearts I'm talking about btw) it's basically black mail ? Only reason I think they are going to bring in/let players go Is to cut the wage bill but then theirs agents fees etc
Lenny
@2...yeah, those viewing figures for our televised games and actual attendance figures ae definitely an illusion, aren't they?...just like our demise.....we've never had a ground only 25% full this season, but a few SPL clubs have>
@4 Your right he did, pity Charlie did not do the same for you's Eh
Tam
@4 Lol.... £1m? Try just over £21m which fans put into to an OVERSUBSCRIBED share issue. Your point about Hearts fans being asked for more money in the summer could well apply to you also!
Briggs
Yes we have loyal fans,
how many fans at rangers last home game
and how many fans at hearts last home game, I think that will answer your dumb question
@11 not loyal enough to save your club though. If everyone fan of the oldco had put in 50p you would have raised £250m.... After all Chico did say you had a fanbase of 500m worldwide.....chortle! Chortle!
Briggs
Chico's fan base is made up of freeloaders getting free tickets to artificially make attendance numbers look good for the share issue.
It's a one off trick thereafter disastrous.
Also, HMRC will be looking for full vat on all those attendance figures that happened to be free tickets!
11,Briggs) i think you'll find the shares issue came after the Canadian save you.
Blueice
OP - you are comparing apples and plums, ya plum
You never let the facts get in the way of your innacurate posts on here but Hearts fans took up a share issue raising 500K not 800 http://www.dailymail.co.uk/sport/football/article-2234463/Hearts-fans-raise-500-000-weeks-bid-save-troubled-SPL-club.html
wherby we gave a donation to an newly set up organisation (RFFF)
Now we have the chance to help the club so lets see how our share issue goes, i would expect it to raise more than 500K and predict between 12M to 15M will be raised by we the people who are
JG
Answer to reply 4 i think u will find fergus was from stirling and thats in scotland
If celtics season tickets where under £200 am sure we would have a lot more "loyal" fans ... well at least your fans will be loyal until they go back up to full price next year then we will see whos loyal
#17 - do you not do any research before you bump your gums - I think you'll find there is no adult season ticket under £200 - and as for you claim to more loyal fans - where we're they at your cup matches, which incidentally where all at throw away prices ?
11 Dec 2012 06:55:24
Hullo ed mate, im confused with this complaint these 67 former players are about to make? what are they doing it for and whats it about {The Ed039's Note - the players aren't making the complaints, not 67 of them anyway, it is an action raised by PFA Scotland as a way of trying to scare green into abandoning his claim for compensation against the players who reused to transfer their contracts over and have signed for new clubs, the players aren't behind it)
TUPE
Employees who are employed in the undertaking which is being transferred have their employment transferred to the new employer. Employees can refuse to transfer (or "opt-out"), but depending on the circumstances of the case, they can lose valuable legal rights if they do. TUPE states that "all the transferor's rights, powers, duties and liabilities under or in connection with the transferring employees' contracts of employment are transferred to the transferee". This all-embracing concept encompasses rights under the contract of employment, statutory rights and continuity of employment and includes employees' rights to bring a claim against their employer for unfair dismissal, redundancy or discrimination, unpaid wages, bonuses or holidays and personal injury claims etc.
Employees therefore have the legal right to transfer to the new employer on their existing terms and conditions of employment and with all their existing employment rights and liabilities intact (although there are special provisions dealing with old age pensions under occupational pension schemes). Effectively, the new employer steps into the shoes of the old employer and it is as though the employee's contract of employment was always made with the new employer. For this reason it is essential that employers know all about the employees they might inherit if they are planning to take over a contract or buy a business and that they make sure that the contract protects them from any employment liabilities which arose before they became the employer. This is helped by the fact that the old employer is required to provide to the new employer written details of all employee rights and liabilities that will transfer
As the new employer is required to take on the employees on their existing terms and conditions of employment, it is prohibited from making any changes to the terms and conditions of employment of the transferred employees if the sole or principal reason for the variation is the transfer. This is also the case where the sole or principal reason is connected to the transfer, unless there is an ETO reason for the change, usually requiring a change in number of the workforce. This often makes it difficult, if not impossible, for incoming employers to harmonise terms and conditions of employment of staff after a TUPE transfer.
Where an independent trade union has been recognised by the outgoing employer in respect of transferring employees, recognition will transfer to the incoming employer to the same extent.
Ian
13 Dec 2012 09:41:11
Gents I get we all have concerns about Charles Green, the share issue and the proceedings being brought by the Players union. However it was only a few months ago that our main concern was the front door of Ibrox being locked and the key thrown away. Charles Green stuck his head above the parapet and took on the club. His motives may be to make money in the future from the club but right now we have a club and we have football. Lets stick to the football and keep showing the loyalty to the players that showed loyalty to the club.
Have a great Christmas.
Iain.
Some players are Ed and want PFA to sort this issue for them. All of them, of course, will take the decision in their favour.
No single player will say its them for fear of backlash.
Why disagree that is the basic rules of TUPE. If you can explain it better go for it rather than hitting the disagree button.
Ian
Ian - they disagree because their people and don't like the truth to get in the way of a good story - if you want a lot of agrees from these guys just sign off as Phil 3 names - then they'll believe ANYTHING you say
09 Dec 2012 16:23:50
I would be worried about if I were you would be the fact that Green said mid-november that the season ticket money was untouched in the bank where in actual fact there was only under £4.5million left by 31 August, and the severe lack of income through TV, gates etc, it seems that using this £4odd million is how the bulk of wages will be paid.
They even highlighted in the prospectus the amount of times they used "ifs", "buts" and "maybes", doesn't exactly present an irresistible offer for any neutral corporate investors.
ED, seen people talk about the title deeds to Ibrox not being revealed, is this because it doesn't need to be disclosed in the prospectus or is there something to cover up? or both?
Also who is behind Blue Pitch Holdings?
G93 {The Ed039's Note - the only thing that has disappointed me about green is the lack of clarity over the title deeds, maybe their doesn't need to be any but still that worries me, I have just had a few days away so I will read up on blue pitch holdings)
Timmy - thanks for your concern, i wish you had shown the same concern when we almost were driven to extinction
You mention the prospectus but only highlight the parts that suit your agenda,
Ed-039, sure there is a concern about what assets are owned by who but in the prospectus it clearly states:
Stadium, facilities and hospitality
Ibrox stadium is situated 2.5 miles south-west of Glasgow city centre and has been home to the Club since
1899. The all-seated 50,987 capacity stadium is owned by RFCL and houses a retail outlet, restaurants,
function rooms and executive suites.
It is Cenkos responsibility to verify that is true (in fact they must verify all info in there) if it is included in the prospectus, if not they are opening themselves up to a huge risk
JG
"Blue Pitch Holdings"
clue in the name, they hold deeds of ibrox, the blue pitch... doh!
Guessing... its whyte and/or ticketus
@1 we did show the same concern when you were being driving to liquidation. But would you listen oh- no.
They're no listening, they're not listening still. Perhaps they never will (Don Mclean)
Why are we daring to question timmy
They new exacrly what the outcome of TBC that we would ne found guilty so they already know everything. Oops see that 2-1 legal majority they got it wrong. Wait and see what happens timmy. Then agaim bears dont mess with there fantasies.
JG i own my house says so on the deeds,
unfortunately there is a mortgage on it and deeds are in RBS bank vault, and they will only hand it over if i give them £167,234
:0
Prospectus should be clear and hide nothing, it say Asbestos survey has NOT been seen, and deeds NOT seen. So both could be issues.
RIFC only just came into being.... so transfer of assets COULD be fluid - this the issue - ignore it at your peril
caveat emptor - BUYER beware!
if you spend £20 million and its worth 0 - dont come crying on here later, if you need a second rescue for the club.
Leeds/Portsmouth both had multiple administration events, its so hard to only have one.
Looking on Companies house and Duedil there is no company registered as Blue Pitch Holdings.
There is a blue pitch Fashion which I doubt has anything to do the Ibrox etc.
Then there is a bluepitch Media that was set up in March 2012.
Now I am not saying anything but if there is a Bluepitch holdings they are not a registered company in the UK (Read into that what you want).
People should really be asking question about CG and the shares issue.
Ian
13 Dec 2012 11:35:38
@1 Harldy an agenda, most fans on both sides have spoke about how contradictory the prospectus is compared to what CG has been spouting, would you not care to discuss the other points in my OP? or does that not bode well with your heed in the sand stance on the matter?
G93
@2 - the last time i was there the pitch at Ibrox was normal grass coloured - not blue, but that could be a good idea, same as some pool tables eh?
JG
Doesn't Wavetower own Blue Pitch Holdings out of Miami? Didn't a tabloid reporter go to an industrial area where the address was? Check USA companies for bph. Or companies under Wavetower.
BPH are a Swiss company
12 Dec 2012 23:26:30
Green never bought any players lets get rid of that fallacy. By his own admission there were 51 players in oldco. How could he buy Murray park, Albion, Ibrox and all the players for £5.5m? Utter rubbish. Those 51 players were worth £35m. What was being rolled out was a giveaway by D&P carefully topped at £5.5m to stop a successful CVA which would have been disastrous.
D&P should have sold off the players to offer CVA to creditors.
Correct selling Murray Park on its own would have saved the club.
Selling the squad would have saved the club.
What D&P were doing for Whyte was dumping creditors for £180m.
He's only insisting the players are his until the share float. Afterwards it'll be proven wrong. Every employment law specialist insisted at the time they could walk away.
Same with same club, history, titles...
Oldco will be title stripped also. After share float.
We're all supposed to buy into this fighter for the club nonsense. When its ridiculously obvious deliberate misrepresentation by him to make him look like a fighter for the club. There's no real arguments there at all.
@2. I accept the points you are making are valid ones and concern the majority of Rangers fans. However the biggest concern for me is what if the share issue fails due to the negativity surrounding the naming of the people behind Blue Pitch holdings' However if anonymity and confidentiality have been requested then it has to be honoured. Alao what is the alternative? Are we saying if CG doesn't reveal their identity that we won't back the share issue? We voiced our concerns about the club being run by directors only and demanded input and fan involvement. Of course it does appear that if we want to save the club that we don't have an alternative other than CG,so from that point of view we have to back it and take the chance,what else is there to do?
Ed039- I've tried googling BPH and details are quite scarce. I think we have a double jeapordy decision to make,both involve taking a risk,but one may have more significance than the other. I just want the club to survive and to me that means backing CG.
P.O.B.
POB Correct me if I am wrong did you not state in another post you could not buy share's because you were skint ? but your on here telling everyone else they need to back Green. Stranger than fiction, LOL.
Tam
Bomber brown and Ally McCoist need to come out with what they know about deeds and BPH.
Green has categorically stated he does not need fans money in the share issue. Not buying shares won't sink the club he's getting corporate money.
@4. Tam- You just never read the post properly Tam. I never said i would not be investing.If you had read earlier posts you will also find i've been touting the share issue as a good investment.Just wish i had more to invest.
P.O.B.