TheTaxMan Posted August 1, 2012 Share Posted August 1, 2012 Sober was he? I met a mate in the pub one weekend (home on leave) talked to him for ages. I met hm the next week and said "Hi John .. long time no see" .. he looked at me at told me I spoke to last week ... apparently I was coherent as well ... I couldn't remember a thing, No doubt I was spouting pish though .... Surprising how the pub has that effect on you. I remember waking up in bed with Godzilla with no memory of speaking to her, seem to remember chatting to Raquel Welsh though.......... -1 Quote Link to comment Share on other sites More sharing options...
Mark Connolly Posted August 1, 2012 Share Posted August 1, 2012 Surprising how the pub has that effect on you. I remember waking up in bed with Godzilla with no memory of speaking to her, seem to remember chatting to Raquel Welsh though.......... Think it was probably Denise Welch. 0 Quote Link to comment Share on other sites More sharing options...
FinnesTON Posted August 1, 2012 Share Posted August 1, 2012 Please Click This Link to listen to Stuart Cosgrove own Graham Spiers on Off The Ball over and over again. Pleasing. What OTB does highlight every time they have one of the succulent lamb brigade on is, they are more concerned with their own status than the sport of football. How much does Traynor, Spiers etc actually bring to the game, feck all . When Speirs was highlighting that the Arab chairman stated the collapse of Setanta caused them to lay off players , well thats what a responsible business would do, does anyone know what Rangers reaction was ? By the time Sevco reach the SPL those responsible clubs will have financially readjusted the fear for the Zombies is if these clubs survive without them the myth built by themselves will be consigned to the history books just like liquidated Rangers. Sticking up for the cheats what will they advocate next Sir Fred Goodwin to become chairman at Barclays , he has been punished enough ....... 0 Quote Link to comment Share on other sites More sharing options...
Buddie Holly Posted August 1, 2012 Share Posted August 1, 2012 today is the beginning of the end for newco.goodbye. 0 Quote Link to comment Share on other sites More sharing options...
Bobby_F Posted August 1, 2012 Share Posted August 1, 2012 This rumour is they plan to float on AIM and according to blurb relating to them - here and here then they do not have to provide 'their history' Apparently it is bit of a 'casino market' ... some quotes from the pdf. I'm guessing that this quote means no historical accounts required coz WATP However .. I can see the Orc fans getting fleeced should 'these legit businessmen' manage a successful a share flotation ... ROLL ON OCTOBER and LET THE SIDESHOW BEGIN ... I believe Rangers were initially on OFEX, then PLUS - both markets with much less regulation and liquidity than AIM. I would say they have next to no chance of a listing there anytime soon. Even if only because they couldn't afford the listing fees 0 Quote Link to comment Share on other sites More sharing options...
stlucifer Posted August 1, 2012 Share Posted August 1, 2012 They can't just float right away. There are a few minor considerations, like financial history, audited accounts, satisfactory business plan etc, which need to be submitted to the relevant Exchange such as AIM or PLUS which the auld died Rangers were on until kicked off due to....................financial impropriety. I don't know what the timescales on this are but I believe it's years rather than months. http://local.stv.tv/...-file-accounts/ They can begin the process and I believe the AIM option doesn't call for any audited accounts for the floatation. The process can still take, typically between 4 and 6 months. Sometimes cosiderably longer if they have to revise and redraft proposals. 0 Quote Link to comment Share on other sites More sharing options...
Bobby_F Posted August 1, 2012 Share Posted August 1, 2012 Yes but with the NEWCO effectively having very little debt compared to the OLDCO I can imagine that this is the way to go. Not sure of the authenticity of the "hoax caller audio file" where they contacted Imran Ahmad (Zeuss) and pretended to be an investor. But it seemed genuinely to be Imran Ahmad on the line answering the questions and getting irate .. During that interview he did confirm they were looking to float with AIM ... whether they manage to pull it off that's another issue. Sorry can't find the link as it was quite a few pages back ... But I cannot see them surviving to Xmas without some sort of a share issue being executed .. that or bringing other major investors in. I guess they could be thinking about this, but it really doesn't make any sense. Just getting a listing does not in itself actually mean they raise any funds. I suppose perhaps these mythical investors could be insisting on their investment being regulated through something like AIM rather than through a series of documents drawn up by Charlie boy's lawyers, but I would be amazed if the shady characters who seem to be the only people interested in Rangers' corpse would really want the public scrutiny that a listing even on this smaller market would bring. 0 Quote Link to comment Share on other sites More sharing options...
Bobby_F Posted August 1, 2012 Share Posted August 1, 2012 They can begin the process and I believe the AIM option doesn't call for any audited accounts for the floatation. The process can still take, typically between 4 and 6 months. Sometimes cosiderably longer if they have to revise and redraft proposals. It will also cost them around £250,000 in fees* - with that money they could probably cover the wages of a new squad player for six months. *Plus there is usually a percentage of any money raised added on top of that. 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted August 1, 2012 Share Posted August 1, 2012 ' post='6485869']They can't just float right away. There are a few minor considerations, like financial history, audited accounts, satisfactory business plan etc, which need to be submitted to the relevant Exchange such as AIM or PLUS which the auld died Rangers were on until kicked off due to....................financial impropriety. [/i] I don't know what the timescales on this are but I believe it's years rather than months. http://local.stv.tv/...-file-accounts/ If a business called 'Rangers' was kicked out for financial impropriety and a 'new' business calling themselves , err, 'Rangers' tries to get (back) in then I don't give them much of a chance. Not without sanctions.................. Concerning the TV deal. The BBC site says no financial details are available. I don't see why Cock&Law would not have held out for at least the agreed deal and possibly even more, because let's face it, the Orcs will continue to watch their team and other viewers, like me, will probably watch hoping to see them fail. Whereas I would not have been interested before and I'm sure I'm not the only one. You could even say I'm OBSESSED So, more viewers, not fewer. I won't subscribe though, just visit my mate's house more often. 0 Quote Link to comment Share on other sites More sharing options...
lanky_ffc Posted August 1, 2012 Share Posted August 1, 2012 PLUS and AIM entry requirements are less stringent than, say LSE. But Rangers would still fall far short of the requirements in terms of audited accounts, corporate governance and demonstrating they have adequate working capital. For instance, PLUS - the least stringent of the UK markerts - requires them to publish audited accounts prior to listing. Hard to see how they could produce anything credible given that they are only a couple of months old. 0 Quote Link to comment Share on other sites More sharing options...
ArabFC Posted August 1, 2012 Share Posted August 1, 2012 Browsing Orc Media, it seems a few of them are beginning to realise that the SPL clubs aren't going to crash and burn like everyone had predicted, and they don't like it From a Dundee United point of view, the TV money is the same as what we've been on the last few years, and with the opportunity of now changing the distribution to a fairer model now available, that could go up. Season tickets are slightly up and still selling, and we're gonna see more Dundee fans visiting Tannadice than the Orcs have brought through in the last couple of years, I can confidently predict we're gonna be fine! Armegeddon? You're a joke Jim Traynor et al 0 Quote Link to comment Share on other sites More sharing options...
Araminta Moonbeam QC Posted August 1, 2012 Share Posted August 1, 2012 Browsing Orc Media, it seems a few of them are beginning to realise that the SPL clubs aren't going to crash and burn like everyone had predicted, and they don't like it From a Dundee United point of view, the TV money is the same as what we've been on the last few years, and with the opportunity of now changing the distribution to a fairer model now available, that could go up. Season tickets are slightly up and still selling, and we're gonna see more Dundee fans visiting Tannadice than the Orcs have brought through in the last couple of years, I can confidently predict we're gonna be fine! Armegeddon? You're a joke Jim Traynor et al Yes, all the 'Turkeys have voted for Christmas' sneering was never going to play out the way their deluded little minds thought. Glad Dundee Utd have a bright future, a decent Scottish club with a proud history. Took a good stand when the pressure was on, too. 0 Quote Link to comment Share on other sites More sharing options...
Bobby_F Posted August 1, 2012 Share Posted August 1, 2012 Browsing Orc Media, it seems a few of them are beginning to realise that the SPL clubs aren't going to crash and burn like everyone had predicted, and they don't like it From a Dundee United point of view, the TV money is the same as what we've been on the last few years, and with the opportunity of now changing the distribution to a fairer model now available, that could go up. Season tickets are slightly up and still selling, and we're gonna see more Dundee fans visiting Tannadice than the Orcs have brought through in the last couple of years, I can confidently predict we're gonna be fine! Armegeddon? You're a joke Jim Traynor et al That has to be a priority. I'm all for awarding success, but the old breakdown (1,2..................... everybody else) was patently unfair - and the main reason the OF wanted a voting system where any two clubs working together had a veto. With a league set up from day 1 as they wanted it, why would they be bothered that THEY could also have proposals vetoed when everything was just the way they wanted it. 0 Quote Link to comment Share on other sites More sharing options...
lanky_ffc Posted August 1, 2012 Share Posted August 1, 2012 (edited) I'm sure they will have an accountant who will sign off on their accounts .... it does not have include historic trading. All they will have to show is .. income streams (season ticket sales, jerseys, pie and bovril on match day, etc) , current working capital and projected revenue steams ... The only question is whether or not the Orcs are prepared to dig deep to save their beloved club ... I believe they will appeal to the fans to purchase a major stake in their club and offer them representatives on the board. It seems the only way out for them .. I cannot imagine their plan is to sit back and hope ... Anyone else have a cunning plan .... Baldrick? I'm not doubting that they'll get accounts signed off. But given the pathetic amount raised by RFF, they're going to need a lot more than just their fanbase buying into this float. It will take a lot to convince potential investors with no affinity to the club to part with their cash. And I'm not convinced they're capable of doing that. Edited August 1, 2012 by lanky_ffc 0 Quote Link to comment Share on other sites More sharing options...
blueone Posted August 1, 2012 Share Posted August 1, 2012 Yes but with the NEWCO effectively having very little debt compared to the OLDCO I can imagine that this is the way to go. Not sure of the authenticity of the "hoax caller audio file" where they contacted Imran Ahmad (Zeuss) and pretended to be an investor. But it seemed genuinely to be Imran Ahmad on the line answering the questions and getting irate .. During that interview he did confirm they were looking to float with AIM ... whether they manage to pull it off that's another issue. Sorry can't find the link as it was quite a few pages back ... But I cannot see them surviving to Xmas without some sort of a share issue being executed .. that or bringing other major investors in. This is the link. If I've picked it up properly they have 20 investors who have put in 500,000 each to make up the 10 million spent so far and are hoping to raise another 40 million by a share issue on the AIM in October. 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted August 1, 2012 Share Posted August 1, 2012 (edited) Yes, all the 'Turkeys have voted for Christmas' sneering was never going to play out the way their deluded little minds thought. Glad Dundee Utd have a bright future, a decent Scottish club with a proud history. Took a good stand when the pressure was on, too. Where IS StephanieBarr? eta Here's another name for the Orcs to add to their list. Hope they've got a pencil sharpener 'cos it's going to be a long one. The Scottish Football Association's compliance officer, Vincent Lunny, has written to Green asking him to explain his comments. Edited August 1, 2012 by cyderspaceman 0 Quote Link to comment Share on other sites More sharing options...
Forever Diamond Posted August 1, 2012 Share Posted August 1, 2012 today is the beginning of the end for newco.goodbye. We can only hope,and with this new release here is hoping it is an omen 0 Quote Link to comment Share on other sites More sharing options...
Coastspider Posted August 1, 2012 Share Posted August 1, 2012 I'm sure they will have an accountant who will sign off on their accounts .... it does not have include historic trading. All they will have to show is .. income streams (season ticket sales, jerseys, pie and bovril on match day, etc) , current working capital and projected revenue steams ... The only question is whether or not the Orcs are prepared to dig deep to save their beloved club ... I believe they will appeal to the fans to purchase a major stake in their club and offer them representatives on the board. It seems the only way out for them .. I cannot imagine their plan is to sit back and hope ... Anyone else have a cunning plan .... Baldrick? Ive read a few comments by rangers fans, that they would buy shares if the money went to the team, not to CG holding company.looks like they still havent realised that the company is the team, and not some seperate entity 0 Quote Link to comment Share on other sites More sharing options...
Stag Nation Posted August 1, 2012 Share Posted August 1, 2012 I'm sure they will have an accountant who will sign off on their accounts .... it does not have include historic trading. All they will have to show is .. income streams (season ticket sales, jerseys, pie and bovril on match day, etc) , current working capital and projected revenue steams ... It doesn't matter which exchange they go for, if they want to invite investment from the public (which they will) they have to satisfy the FSA's criteria, which are pretty stringent. Whatever they do, they'll have to provide a lot more more than projected (i.e. guesswork) revenue streams. Factual things like assets, liabilities (including season tickets - if any), identities of current shareholders, remuneration of directors and highly-paid employees, etc. 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted August 1, 2012 Share Posted August 1, 2012 Please Click This Link to listen to Stuart Cosgrove own Graham Spiers on Off The Ball over and over again. Pleasing. I think OTB should have a succulent or doom mongerer on every week, it's great entertainment and actually shows up their distinct lack of knowledge in anything outside the Bigot Brothers, it's like throwing a quadriplegic Christian to the lions every time. 0 Quote Link to comment Share on other sites More sharing options...
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