11 Oct 2012 16:24:16
Charles Green has stated:
"The funds raised (£20m) will be used for strengthening the player squad, improving and developing the club's properties and facilities, as well as providing additional working capital."
"Rangers is debt-free and a huge club"
Okay Mr Green, will you do the following:
1.Confirm how much of the £20m will be spent on players.
2.When will this be spent as there is presently a transfer embargo.
3. Will this money be ring fenced and protected so it can't be spent on anything else until the transfer embargo is lifted.
4. What exactly do you mean by "improving and developing the club's properties and facilities". What properties and facilities are you talking about.
5. You recently met with David Murray and agreed to purchase property from him that is situated (I think) behind the Copland Road. Do you intend to put any money into this and if so what.
6. Will you or current directors / investors benefit personally or through a company you are involved with from any investment in the properties.
7. How much is to be spent on the properties and facilities.
8. What exactly do you mean by working capital and how much will be attributed to this.
9. Why can current income not cover working capital requirements.
10. You say there is no debt. How is the money put in by "investors" to date shown in the companys accounts. Is it loans, because if it is, then that is debt and how much interest is repayable.
11. Will you provide an independently audited set of accounts covering the period from when you took over the club to the date one month before the share offering.
12. Will you provide evidence that Ibrox, Murray Park, The Albion and other property assets are 100% owned by The Rangers Football Club Ltd and there are no agreements that entitle you or other "investors" to any ownership now or in the future of the properties or to proceed from any sales of the properties.
There are many more questions, but based on Green's current statement, he above questions need to be asked and more importantly answered, but with evidence to back the answers up.
Its already been stated that a new sports bar and club shop is to be opened in edmiston house ..that property that you think is behind copland rd stand and tckt office is moving into the now club shop and also planning is underway for the project to redevelop surrounding areas .....go back to the celtic pages
Ok john brown, you have fell down a bit writing on rumour boards haha
If the new money is for new players then why the rush we have a transfer embargo til next year,then we can see a year worth of financal records and see were we are
To the writer of the first reply: what makes you believe that the list of sensible questions - questions that every Rangers fans should want answers to - is a Celtic fan? Just because there was one you seem to know the answer to, you presume the OP is not a Rangers fan?!
I had shares in rangers (not many, but I was a proud shareholder).
after admin they are totally worthless.
So no problem Mr green how much do you want of my hard-earned money? aye right.
Could have had Bill Miller. And by now we could have all been out shopping with our wifes on a Saturday afternoon. The rebuilding will be a long slow process get behind it. 36000 x 1 £500 share = £17.5 million .
Good to see some of you have actually latched onto the notion of asking questions first. Unfortunately there is still those left who will be blindly led like a carrot on a stick. Only winners in all this is CG and the faceless so called backers. Why after all that has happened do some people still mock those who dare to question.
Watched Green on STV, confused his answers at one point, seems tired a bit, don't think he enjoys being here. I'm sure he'll be happy when he leaves.
It's not going well, he knows the share issue will be a failure. The brokers are feeding back numbers of registered interested party's which is few. I think his wealthy financial backers have him under some pressure for returns.
Either that or he's a spiv boy who knows his patter is fooling no one and its time to va mous.
Last poster , who are you Charles Green lol i love this if i say something enough people will beleive it attitude .... Get real let him produce all the stuff above like any business would.
Why do celtic fans always harp on about "you lot dont ask questions" or being "blindly lead" what exactly did they do for their club when it was on its knees? as far as can remember it was left to a buisnessman from canada with no ties to celtic to bail them out then some of them "blindly" followed in a share issue.patronising tones from people whos club is being run with no say so from them.maybe if they took more intrest in other areas of their football club and asked some probing questions you could take them serious.
Me
Im pretty sure it can cost £1m + to get into the aim, does anyone know what the costs are? I just find it strange why the share issue is being pushed so quickly, and I honestly feel the money is needed to finance div 3, and div 2.
This has long been a problem of football fans. They want a team to call their own, but they want some rich sugardaddy to put all the money in, but still think they have the right to tell the rich owner how they should spend hard earned millions.
Think about it, a guy has put millions into a club with little chance of getting it back let alone a profit. Say it has a bad season. He then has thousands of people whose only financial committment is a £30 ticket every other week, a 2 quid pie and the few coppers the club get from merchandising sales; demanding that he get the cheque book out again for players.
Now there is a team with rich backers, but not the kind who are going to throw money into a bottomless pit. Why shouldn't they reverse the situation and ask the fans to put money into the club, even if it is for running costs for a team which is probably not living within its expected income in Div3? After all it is the fans who demand football success rather than financial success which the owner would favour. If they hadn't put in their own money, you would have no team to support.
You can probably guess that I favour the fan ownership model.
Al
If you dont want to buy dont buy!
12 Oct 2012 00:45:21
Will the money raised be from shares in the club or in the company that owns the club?
The old holding company effectively sold out to charles green so the club must be in the hands of the fans if this is to work. Only the true fans should be in control of the club.
Correct above poster if the deal is not right for the share issue dont buy caution to the wind again fellow bears
The projected £20million investment sounds far too high to me! When man utd did the same thing they didn't receive anywhere near the investment they expected so why should we expect investment in a division 3? I hate to criticise Green further but the figure we expect to receive shouldn't be announced in advanced, if we don't meet the £20 million mark it will look bad
All the Sceptics, please look at the Guys football record before condeming him. The guy turned around Sheff Untd. You may not like the way he did it but he left them on a good financial footing.
A prospectus is a document that describes a financial security for potential buyers. A prospectus commonly provides investors with material information about mutual funds, stocks, bonds and other investments, such as a description of the company's business, financial statements, biographies of officers and directors, detailed information about their compensation, any litigation that is taking place, a list of material properties and any other material information. In the context of an individual securities offering, such as an initial public offering, a prospectus is distributed by underwriters or brokerages to potential investors.
JG
I was at a meeting with CG last week and may be able to answer some of your points.
Point 1/2 - No CE will announce a budget as this only lets teams see your hand before negotations and the money will obiously be spent when the transfer embargo is lifted.
Point 4 - The club have plans for a project called G51, which is to develop the area opposite the Bill Struth Stand. This will include a hotel, health centre, cancer centre and shopping outlets.
Point 5 - It was purchased from DM for £800,000 and will be the new superstore with a cafe/sports bar in the top floor.
Point 7 - They are hoping to get Glasgow Council involved in the G51 project to help keep the costs down.
Point 11 - I think you will find a set of accounts when the share issue is issued.
"All the Sceptics, please look at the Guys football record before condeming him. The guy turned around Sheff Untd. You may not like the way he did it but he left them on a good financial footing."
That's not what their fans say.
Perhaps, i'm in the minority here (amongst all you obsessed Celtic fans) but as a true Rangers fan of over 30 years, i trust Charles Green - he's saved our club and he's trying to make financial moves to secure our future. Share issues can take a while to make their money, it's not a case of having all the money by next week. He's offering shares to us fans so we can invest and avoid having a majority shareholder like David Murray or Craig Whyte ever again. The money created will aid us in the future as we try to become the top club in Scotland again. If you have so many questions for Charles Green, why not write to him? He's not gonna reply on here. If i'd written that much i think i'd send it to the man himself. Pete
Why shouldn't they reverse the situation and ask the fans to put money into the club
because the guys running are not doing a good job - they are running out of cash. would be different if someone else ran the club correctly.
Hiya ed i know we are going over old ground here but i would like your sincere opinion. there is still something i do not trust about charles green i know he has saved our club so far but i still worry that craig whyte is somehow involved. i find it strange that he has been keeping a very low profile since charles green bought the club and i am just dreading the day that a journalist catches charles green with craig whyte and if it does happen then we are doomed again. i really hope charles green is the real deal but i am holding off forming an official opinion and there is nothing i would love more to be a rangers shareholder but if we do put money into the club he needs to tell us how much is for players. what facilities are going to be upgraded and also what is the working capital he is talking about. these are all questions that remain unanswered. anyway thats all i want to say. {Ed039's Note - Firstly, before the other side say anything, he did not save our clubs, he formed a new company that have taken on the shell of our club, I dont like saying it out loud but before someone like Stevo gets their end away at a technicality I said it first. I dont know what to make of CG, I actually quite like him and his demeanor, but thats just me. Personally, Celtic fans can come on and give every link they want between Charles Green and Whyte and Ticketus but it doesnt mean they are conspiring with him, and I dont think they are personally, because I think they would be very easily found out if they were. If I am wrong I will eat my own hat and apologise, but I dont think I am)
For any benefit of doubt PLEASE read this and make up your own mind??
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"
Make of this waht you wish but I would say it answers all the questions regarding his real motives behind purchasing RFC.
Got to say scratching my head with this one as well.although to be fair i can not see many people being led up a blind alley with this to much has happend at rangers for fans or investors to through money in a pot.you'v got wonder about bill milllers advisor making those comments the other day and then this.good post op and i hope some of your questions get answers...kev
E 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"
If he makes a profit the club exists if no profit no club.
fans were known as supporters so if you want a club you need to support it
To the guy who responded to my post.
I don't think you'd like the result if someone else was running the club without running out of cash. Div 3 income remember, but SPL outgoings.
Fans are just customers of a business. We own nothing. If you want to make a difference you need a share in the club.
Al
If any of that money from the share issue is used to buy players, pay contracts and / or used for working capital then Rangers are in serious trouble.
Those are basic elements of the club that should be paid for by it's turn over etc, not by
Needing to raise money to cover it (suggests not enough coming in!!).....
This worries me....
Craig whyte - X amount of millions for
1 New players
2 Stadium repairs
3 Working capital
Sound familiar? Not that these things don't occur, but this is pure SPIN! And like whyte, too many broken promises. Which we like to forget! Well not me!
After all we've been through and the guy doesn't even reveal a clean set of books before a share issue! Aye right!
To the guy who asked why i think he is a celtic fan it is because of his property he thinks is behind copland rd .every rangers fan knows its called edmiston house where the edmiston club was situated
Are you mental . In what buiness manner is Craig White like CG. White has a long history of theft and lies. CG has a history of building companies making a profit at sale but leaving them in a strong financial foot. Mate I have know wiser people than you locked up for stupidity. GET A GRIP.
I'm confused. Rangers fans that had shares in the previous club lost their money when the club died? Yet, CG always claims this is the same 'club' but it was the company that died. So did the fans that had shares in the club actually have shares in the company? So how can CG offer fans an opportunity to own part of the club now? What are you buying into? Your club? Or a company? Someone elighten me please.
To the poster who says you keep your money amounts quiet incase other clubs know your hand? we know the hand its 20 million. cg says so !!
Its been a whie since someone says has the penny finally dropped
To the confused guy, as you will no rangers went into liguidation, so everyone that owned or were due monies, were told they are now void. they basically just started another comapany and carried on trading, which is the done thing esp in the construction industry, so you are still buying into rangers under a new company and complete different owner
Perhaps, i'm in the minority here (amongst all you obsessed Celtic fans) but as a true Rangers fan of over 30 years, i trust Charles Green - he's saved our club and he's trying to make financial moves to secure our future. Share issues can take a while to make their money, it's not a case of having all the money by next week. He's offering shares to us fans so we can invest and avoid having a majority shareholder like David Murray or Craig Whyte ever again. The money created will aid us in the future as we try to become the top club in Scotland again. If you have so many questions for Charles Green, why not write to him? He's not gonna reply on here. If i'd written that much i think i'd send it to the man himself. Pete
case in point pete. he didnt save your club your club in charles greens own words and cva propsal would cease to exsist if the cva failed
Still confused. So what you are saying is it is impossible to own part of ur club? Merely part of the holding company? OR, it is possible to own part of your club, but if the club dies you lose everything and a NEW CLUB is started at you can buy into that?
To the 1st post
wind u neck in lad
ive beena gers fan from birth was born with a gers babygrow on and everything.lol
if you were a proper gers fan unlike the majority of this blog and these posts, you would have a little faith. weve had problems with murray and white.
green is tryin his best to make us a force again and all he's done has been for the good of rangers if you cant see that your just daft
its like this would you out to work even if u loved your job and expect not to be paid?
of course greens in this to make a few bob, but aslong as hes keeps us afloat and helps to strengthen our club then i for 1 wont complain.
so guys stop your frxxxing moaning and enjoy the run to the top flight there are gonna be some amazing games to be watched.
jimmyger
Wether it be rangers, celtic or any other club you chose to buy shares in you will be buying into the COMPANY, that is trading under the clubs name, so if the COMAPANY dies, all shares will be void, a new COMPANY, can be started to continue trading under the clubs name, in effect the club does't die, history and all intact.
So why do uefa rules state new CLUBS and not new COMPANIES cannot participate in Europe for 3 years? And the rangers cannot participate, but you claim they are a new company? Strange.
For all the wee timmies . CG is Rangers Chief exe
the largest share holder is a Dubai based investor. Do your own google work . Then again you ( the great unwashed) may already knows this due to your mad obsession with our wonderful team and our history.
Unbelievable. If you read the full statement from CG and not the doctored media (BBC) version all your points are answered. This is what CG stated in the beginning. That it was his intention to float the company on the SE and that's how he will make his money. If he makes money then so do Rangers simple as that. What price will the shares be? Wait and see. But one things for sure. When we return to the top league the share price will rise. We're debt free, which is more than can be said for our neighbours. How many shares will CG personally hold? A fair amount I'll wager. I'm more optimistic about our future than I've been in a long long time.
Keep asking the questions.
As a Celtic fan, I have been aghast at how very intelligent friends and colleagues simply accept whatever line the current Ibrox incumbent has fed them over the years.
No wonder your confused, your asking me why uefa call them clubs instead of companies? a would guess the clues in the name, i.e rangers football club, celtic football club, etc, its the name the company trades under, when a new company starts they get number, when that company, ceases trading for whatever reason then a new company, will start up again with a new number, and can if they chose to continue trading under said club, although the name would have to change everything else stays the same.
p.s
"Lord Nimmo Smith has said that Rangers FC is a recognisable entity which continued in existence notwithstanding the change in ownership," said Green in a statement.
"He also stated that Rangers FC, the club, includes its owner and operator.
"The commission has in effect ruled that Rangers and its history did not die on 14 June, despite numerous reports to the contrary.
Can i respond to the poster who said Celtic were saved by a wee Canadian with no connection to them. Unlike CG who is only in it to make money Fergus Mc Cann a Scot from Kilsyth was a lifelong Celtic supporter attending games on the Croy bus before emigrating to Canada with the clubs intrests at heart. Can i also say there is nothing wrong with wanting to make money from saving rangers as long as he does it honestly and fairly without taking advantage of thier loyal support. That is why you must ask questions so CG knows you as a group of supporters are watching him and his backers to stop any abuse or more scandals scottish football as a whole but more importantly Rangers cant afford many more.
Sceptic fan . Where did all your money go for McGeady. £4.5 Million straight to Mr Desmods buisness account. Now as a football fan this is of no consequence to me. The guy is a buisness man. You loy never asked any questions and neither did any Rangers fan. Again none of there buisness. Buisness men make money. So get over it boy and concentrate on your own team and wallow in thier history.
You do sound very confused and a bit dhim. You can't own shares in a club. Limited companies (liabilities limited to share capital committed) issue shares. Same club, new COMPANY- simples. Try to keep up.
I feel green would be more accepted by all if he didnt talk bullsh@t all the time.
He stated in the papers and anyone who would listen that he will never let rangers enter the spl, so if as everyone expects rangers go through the divisions and after winning div 1 he will say no, then what?. It tells me either he has no intentions in investing in an spl team, or he will take off if share issue is successful.
When McCann did it at celtic, he built a stadium and stopped rangers getting 10 in a row, all green has done is play to the masses , and start a club in div 3. jj
To the McCann post above, cg has only been here 6 months odds, he can't build a stadium in that time gae him a chance
Have you actually read the uefa rules? It does not say new clubs cannot play. It states to be eligable for european admission your club (ie the company running your club) must have 3 years audited accounts, the current company running the rangers football club cannot produce these, as it is a NEW company, not a new club
Green is not a Rangers fan, his own words.
I do not trust him. This will end in tears.
Can anyone tell me what i will be investing in the CLUB OR A HOLDING COMPANY-i remember the 26,000 share holders in the old co 100% thought they had shares in the club. what happens if it all goes wrong again 36,000 share holders left with nothing and someone comes along and start it all over again saying we own the club its the company that failed-groundhogdayrfc
Was it the company that ceased to exist in the case of Third Lanark?
Hardly, the truth of the matter is that instead of decades lapsing Green formed a successor club almost as soon as the original rangers were consigned to liquidation.
It took about 3 weeks for the MSM media to come up with this notion of the club/company thing and its pure fantasy! {Ed039's Note - Zzzzzzzzzzzzzzz .......... I am beginning to buy into the whole obsession bit. Any idea of these posts are received?? Its a joke getting now guys, its old and boring, nothing better to worry about?)
To the person asking what hes trading in, basically everything is a company with a name that they trade under, so to answer your question, if you get/buy shares for rangers it will go to the company, who are trading under rangers name, incase am not clear they are the same, its like me and you starting a buisness up, we can call it anything we like, but it will be still our buisness at the end of day
If it is the same club why are they in division 3. Obsessed lol. You wont post this anyway. Original poster loads of good points but you will follow follow blindly follow on. {Ed039's Note - looks like you are following on as well, why can't you admit you can't get enough of everything Rangers, you are obviously searching every post looking for something to scrutinise because this was posted 3 days before your reply here and is WAY WAY down the page, talk about obsession)
Ed has finally snapped lol {Ed039's Note - I snapped a long time ago)
Ed thanks for posting my reply about having doubts about wether or not charles green and craig whyte are in this together i will always have my doubts but i am willing to give charles green the benefit of doubt for now. i have already looked at signing up to the share issue but for me there is still details we need clarification on like what proportion of the money is for players and what facilities is he talking about upgrading and also the day to day running costs what are these costs. also its mid october now and duff and phelps said they were pursuing craig whytes lawyers why have we not heard anything about this. also when is the big tax case decision being announced and the enquiry into alleged ebt's i just want all the remaining issues dealt with now its far to long this has been going on for. i for one also am not going to get on ally's back i think he just needs to drill it into our players more that we cannot just turn up every week and expect to win these teams we are up against will probably not play rangers again for a long time and will boot us all over the place and be determined to get a result because they know they will go down in history if they do. all i ask is genuine rangers fan's give ally a break and get behind the team if after xmas we are still struggling for form then so be it we may need to look at the situation again. i still think we will cruise this league but just need to be patient. i am sure you ed would agree with all the points i have made. {Ed039's Note - they are all good points mate)
To the McCann post above, cg has only been here 6 months odds, he can't build a stadium in that time gae him a chance
This is a prime example of people only seing what they want to see. If you had bothered to read the rest of my post the point im making is Green has come in, ran club for 6 months, has a very average side (who should be top) after all the ballony of £100m warchests, looking at 30 internationals at Euros, signed a bunch of 2nd rate freebies, has won or done nothing and is now pushing a £20m share issue, even though its 3rd div fitba, and transfer imbargo, the guy is taking everyone for mugs. jj
Apparently it costs £3 just to issue a prospectus....I think I will register for 10 ;-)
Iain
The Rangers wage bill has went from £30M, down to £6M? Really?
Davis £25K/pw(£1.3M/pa). McGregor £25K/pw(£1.3M/pa). Whittaker £20K/pw(£1.04M/pa). Lafferty £15K/pw(£780K/pa). Naismith £15K/pw(£780K/pa). Bocanegra £10K/pw(£520K/pa). Edu £10K/pw(£520K/pa). Goian £10K/pw(£520K/pa). Aluko £5K/pw(£260K/pa). Fleck £5K/pw(£260K/pa). McCabe £2.5K/pw(£130K/pa). Ness £2.5K/pw(£130K/pa).
Total = £7.54M/pa.
That would mean the previous wage bill of £30M, has been cut to £22.46M (Without the added wages of the players who signed this season), not £6M.
How many shares are being issued for 20 million and how many shares does CG and friends own. I assume he will still want control, so the 20 million quid will likely be for less than half the club. That means as soon as the money is paid in, he owns at least half a half interest in it. Just asking.
I am an accountant so the question makes sense!
"No wonder your confused, your asking me why uefa call them clubs instead of companies? a would guess the clues in the name, i.e rangers football club, celtic football club, etc, its the name the company trades under, when a new company starts they get number, when that company, ceases trading for whatever reason then a new company, will start up again with a new number, and can if they chose to continue trading under said club, although the name would have to change everything else stays the same.
p.s
"Lord Nimmo Smith has said that Rangers FC is a recognisable entity which continued in existence notwithstanding the change in ownership," said Green in a statement.
"He also stated that Rangers FC, the club, includes its owner and operator.
"The commission has in effect ruled that Rangers and its history did not die on 14 June, despite numerous reports to the contrary."
Ive been telling the green ones this since Lord Nimmo Smith stated it. They are too simple to understand it, even when broken down into small manageable bites so I no longer bother to correct them as they fail fail to understand and claim LNS never said any of this and that it was what Charles Green dreamed up.
There is only so long you can try and explain fact to a timmy before you lose interest and give up!!
I blame their football forums populated with agenda-ridden haters of all things Glasgow Rangers!
"Was it the company that ceased to exist in the case of Third Lanark?
Hardly, the truth of the matter is that instead of decades lapsing Green formed a successor club almost as soon as the original rangers were consigned to liquidation.
It took about 3 weeks for the MSM media to come up with this notion of the club/company thing and its pure fantasy! {Ed039's Note - Zzzzzzzzzzzzzzz .......... I am beginning to buy into the whole obsession bit. Any idea of these posts are received? Its a joke getting now guys, its old and boring, nothing better to worry about?)"
Ed......there are certain celtic forums that actually believe this garbage and actively promote this fallacy to their rabid members. No matter how many times you try and correct them they refuse to believe they are wrong........poor feeble minded people!!
To the Celtic fan on about wages you forgot some other players we had last season.... Bartley, celick, McKay, wylde, jelavic, weir, papac, Healy, bedoya...
So away and play with ur self instead of spouting rubbish on here!!
Another one not to be posted. {Ed001's Note - yep, you're right, as soon as you put a snotty, childish little whine like that on the end, you can pretty much guarantee it will just get deleted.}
"Lord Nimmo Smith has said that Rangers FC is a recognisable entity which continued in existence notwithstanding the change in ownership," said Green in a statement.
"He also stated that Rangers FC, the club, includes its owner and operator.
"The commission has in effect ruled that Rangers and its history did not die on 14 June, despite numerous reports to the contrary."
------
Bear in mind that Lord Nimmo Smith's reason for pointing this out was to prove that the current "holding company" remains responsible for the misdemeanours of the dead "holding company", and therefore strictly liable for any sanctions that result from his investigation.
If found guilty, it will be the "Club" that is punished under SPL rules - and LNS also shows that the SPL Rules have jurisdiction over "Rangers FC" for their time in the SPL.
Because the "Club" includes the "owner and operator", then TRFC - by maintaining that their history remains intact - cannot argue that they won't accept any such punishment.
Mr Charles's only exit from this is to demand that his TRFC are in no way connected with RFC(IA). But then the history goes out the window and he and the bears must acknowledge that TRFC is an entirely new club.
Not causing trouble, just pointing something out.
I do not believe Celtic is worth 30-40 million and I do not believe Rangers will raise 20 million for a sizeable portion of its shares.
It is an economic fallacy that these two clubs in a small domestic market can finance a sustained European presence.
Without a consistent European cup run both of these clubs barely wash their faces. The assets are worth next to peanuts except to a football club and the basic running costs use up all the domestic revenue.
I believe Celtic's success this year has blinded everyone to the economic reality of being an SPL club. The bottom line is the OF cannot compete with Championship wages and this must tell on the quality of their squads.
If either of the OF make it to the latter stages once every 3-4 years then they will be punching well above their weight.
Nothing has changed since Rangers went bust chasing the dream, and both clubs are nigh on worthless as a profit making investment.
Cracker from my mate at the weekend, question from me to him, "will you be buying any shares in Rangers" his reply "i don't trust Green or his cronies but probably will".
You could say he was loyal to the club or he has too much money.
I would have no problem accepting Rangers fans claiming the history if they claimed all of it.
Keep the titles if you pay the bills and everything is right with the world.
What annoys me is the way that millions of pounds of debt are someone else's problem but the legitimacy of every trophy is beyond reproach.
As an investment I would wonder how much dividend I will receive and/or how much CG is going to grow the companty so my shares will be worth more in a couple of years time.
I see nothing to encourage me. {Ed039's Note - Anyone investing in football clubs looking to make money is silly!! People usually do it for a seat on the board, or do it knowing that they are going to lose money, as an emotional attachment, I would say very few shareholders actually make money out of football shares)
I think one has to take Mr Greens comments with a pinch of salt, he must appear to be fighting for the fans and the club's history, but in reality he knew Rangers would be stripped of titles when he bought the club. At the end of the day it is one of the few punishments that doesn't cost him any money.
"I think one has to take Mr Greens comments with a pinch of salt, he must appear to be fighting for the fans and the club's history, but in reality he knew Rangers would be stripped of titles when he bought the club. At the end of the day it is one of the few punishments that doesn't cost him any money."
All this talk of stripping titles......does no-one remember this is only ONE of around 12 different punishments that can be used. Its time people started dealing in fact and fact only, not what ifs and imagine ifs.
This guy that said Celtic is not worth 30to40 mill is he so silly Celtic will be debt free and that's paid debt by the way , after this year and 5 mill in the bank after this season it's a gold mine to an invester, like it or not if Celtic can hold on too some of ther main players for 4 years and hit the champs league every season , they will be very powerfull, and a very good buy for a big punter watch this space {Ed001's Note - they are in no way ever going to be a gold mine to an investor. I can clearly see you are not one! No club in the SPL can be described as a gold mine, it just doesn't earn enough to be considered one. Though I would expect Celtic to be profitable year on year, it just won't be huge profits.}
So really the question is whether to give Mr Green a £500 donation knowing that you will never see it again or spend the money on the wife and kids at Christmas
Answering above......It's a Rangers for me, have you met my wife and kids !? Geo the Ger
Timmy . How many dividens have you had back from Sceptic. I have lost Thousands from Pension from banks and from insuance cpmpanies . I buy items fro. companies that never pay tax in the UK so Timmy stop being a wee pest and go back to supporting your own team instead of taking some mpral high ground.
Investor's gold mine ? Very powerful ? Hitting the CL jackpot every year ?
mmm....you obviously didn't buy shares in Celtic ( 85% devaluation), cannot read a balance sheet and have amnesia about the 4 years since Celtic last hit the CL jackpot.
Apart from that you are spot on, try googling " cognitive bias ", you suffer from it in spades.
" Why can current income not cover working capital requirements. "
This is the most important question any investor wants an answer to, especially since CG stated the club would be run on a sound financial basis. Investment is for potential growth in profits, not to pay on going costs in a loss making company. {Ed001's Note - maybe they can in the long term, it is just that it needed an initial investment, like all businesses do?}
The Rangers wage bill has went from £30M, down to £6M? Really?
Davis £25K/pw(£1.3M/pa). McGregor £25K/pw(£1.3M/pa). Whittaker £20K/pw(£1.04M/pa). Lafferty £15K/pw(£780K/pa). Naismith £15K/pw(£780K/pa). Bocanegra £10K/pw(£520K/pa). Edu £10K/pw(£520K/pa). Goian £10K/pw(£520K/pa). Aluko £5K/pw(£260K/pa). Fleck £5K/pw(£260K/pa). McCabe £2.5K/pw(£130K/pa). Ness £2.5K/pw(£130K/pa).
Total = £7.54M/pa.
That would mean the previous wage bill of £30M, has been cut to £22.46M (Without the added wages of the players who signed this season), not £6M.
Rangers wage bill was nowhere near £30m try approx half. If you look at who we're fielding from last seasons team we only have mcculloch, alexander, wallace. all these players would have relegation clauses in their contracts as these are standard because the club would want to cover themselves. The highest of the new players is sandaza who is on 5k a week. Rangers wage bill is no higher than £6m {Ed039's Note - Rangers would not have inserted a relegation clause into any contracts)
Will the shares hae voting rights because without them they are just bits of coloured paper