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Big Rangers Administration/Liquidation Thread - All chat here!


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I'm not seeing many Rangers supporters getting their knickers in a twist - if the prospectus is good I'll invest and if not, I wont. Hardly rocket science.

Diddy clubbers and plastics however? Apoplectic at one more sign that the Rangers are in rude health smile.gif

Aye, they're in such rude health that they need to raise £20 million like, yesterday. Just for today, Bendarroch, I'd recommend you listen to Tedi and Bennett*, as they're showing appropriate caution and asking serious questions about the IPO.

* f**k me, I never thought I'd type that !blink.gif

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Depends on who's underwriting the issue and to what level. That could be very interesting when revealed.

Has Green got anyone to underwrite part or all of it? Would be amazed if he has. All he can hope for is the more idiotic supporters put their hands in their pockets in another last desperate attempt to bring Rangers back to mainstream football. A laudable ambition, but this is not the way to do it.

Our new bulletins over the last few months have been full of David Murray. Craig Whyte, Charles Green, Lance Armstrong, Jimmy Saville. A consistent picture has developed of people who claimed to be great guys, successful, leaders of men. Instead we now know them to be thieving' lying fraudsters.sad.gif

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Has Green got anyone to underwrite part or all of it? Would be amazed if he has. All he can hope for is the more idiotic supporters put their hands in their pockets in another last desperate attempt to bring Rangers back to mainstream football. A laudable ambition, but this is not the way to do it.

Our new bulletins over the last few months have been full of David Murray. Craig Whyte, Charles Green, Lance Armstrong, Jimmy Saville. A consistent picture has developed of people who claimed to be great guys, successful, leaders of men. Instead we now know them to be thieving' lying fraudsters.sad.gif

No, no underwriting ''hasn't been done in London for 7 or 8 years'' :rolleyes: ,and he 'looks good' by not taking a percentage for underwriting, yet he says he will make up the shortfall. Sorry, any shortfall........

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Maybe.

post-11339-0-39279500-1349946982_thumb.j

Have registered to buy £10k worth of shares. My number is 10 thousand and something. Pretty good for a couple of hours. Unless they did the old trick of starting at 9,500. Hopefully some of them and genuine. laugh.gif

Can't wait to see how Charley tells the story in the prospectus without being clear how much he will get in his back pocket. cool.gif

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Alice Tarmac Coist has seen enough of that nice Mr Green to convince her, and is looking to invest £5000.

Dave Murray has also declared an interest -

Address: 81 Lee Avenue Glasgow G33 2QX (only a matter of timewink.gif)

Also interested are:

Rob D. Fance

Hans N. Zitill

Edited by WhiteRoseKillie
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Have registered to buy £10k worth of shares. My number is 10 thousand and something. Pretty good for a couple of hours. Unless they did the old trick of starting at 9,500. Hopefully some of them and genuine. laugh.gif

Can't wait to see how Charley tells the story in the prospectus without being clear how much he will get in his back pocket. cool.gif

Doesn't need to have prospectus on the AIM..............

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You missed out the best bit.

"Our stadium and training facilities are first-class. Look at Chelsea, they have a crap stadium and a reasonable training ground, but neither compare to what we have.

He opens his mouth & the bilge just empties. He can't help himself.

I'm surprised he hasn't included the friendly against Olympiakos in his speil.

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You missed out the best bit.

"Our stadium and training facilities are first-class. Look at Chelsea, they have a crap stadium and a reasonable training ground, but neither compare to what we have."

He opens his mouth & the bilge just empties. He can't help himself.

I'm surprised he hasn't included the friendly against Olympiakos in his speil.

He really said that? He is aware that you don't win trophies for the pies and the bogs, isn't he?

He's right about Chelsea, mind. That wee Italian must look at Sally's squad and think, "now if I had that kind of talent at my disposal.....

I'd play myself, on my own, with a broken arm, and still be better." laugh.giflaugh.giflaugh.giflaugh.gif

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The Irn Bru Division Three outfit will seek admission to the Alternative Investment Market of the London Stock Exchange in the hope of raising up to £20million.

It is hoped their admission into the AIM can be completed by the end of the year, as they continue re-ordering their finances following the liquidation of the 'oldco' club and the acquisition of its assets by Charles Green's consortium in the summer.

"I'm excited because this has been the most dramatic six months for the club and its support," McCoist said. "I don't believe for a minute that we're out of the woods yet, but there is light at the end of the tunnel and we're nearly there."

"I'm really, really excited by the prospect of the club getting back to where it was. It's not going to be an overnight fix. We have to take a real, hard look at where we are and what's actually happened.

"I don't think the vast majority of our support know exactly what's happened to the club. We've lost 28 players in six months"

"We're not going to get back to where we were overnight, there has to be a realistic approach to it."

"At least now we can see where we want to go and there's a path to it."

"I'm very confident that we'll get back to where we were. In fact, I'm really looking forward to the challenge."

Rangers are hoping to raise £20million through an institutional investor placing and limited public offering."

Chief executive Charles Green revealed the club will be undertaking an institutional investor roadshow, claiming that to date there has been "strong interest".

The funds will be used to strengthen the squad, improve and develop the club's properties and facilities and provide additional working capital.

"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," Green said.

"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."

Green accepted that football has endured a chequered past concerning flotations on the stock exchange, but is confident Rangers will be a success.

"Historically when a club has floated it hasn't been very good, but we've got the ability to generate huge revenues from merchandise," he said.

"Our stadium and training facilities are first-class. Look at Chelsea, they have a crap stadium and a reasonable training ground, but neither compare to what we have."

"We're at the late stage over a kit deal with adidas or Puma and the moment we were knocked out of the SPL we took control of our image rights. And we have no debt."

"There is a real business there, but unfortunately it's a business that's been run badly in the past."

Green stated that Rangers' favourable odds of securing Champions League football and a place in any European super league also makes them an attractive investment.

"There will be a European league because big clubs can't keep subsidising small clubs like Southampton for the next 10 years because they will go stale," he said.

"Arsenal don't want to play Southampton or Swansea, but ask them if they want to play Celtic or Rangers. It's what the fans want to see."

"Fans across the world want to see Manchester United play Barcelona, not just once every few years but every season."

"If there are two divisions of 18 clubs, how could Rangers not be a part of that?"

Financial director Brian Stockbridge insisted that Rangers are able to continue without the £20million, but the money would bring their plans forward.

delusionsofgrandeur.jpg

wink.gif

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1349982958[/url]' post='6704882']

"I'm excited because this has been the most dramatic six months for the club and its support," McCoist said. "I don't believe for a minute that we're out of the woods yet, but there is light at the end of the tunnel and we're nearly there."

Dear Sally, Thats the same light Fritzls daughters used to see when he opened the door to the cellar, and its no pleasant !

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Financial director Brian Stockbridge insisted that Rangers are able to continue without the £20million, but the money would bring their plans forward.

Well he ought to know...........remember this?

Just the other day I suggested that all the drama about investors from Lebanon, Monaco, Pakistan, Dubai and Malaysia could be deflecting from the key facts in the Sevco story. The core of the story, I concluded, could lay closer to home. Namely with Ticketus and Whyte.

Closer to home? Like Bearsden perhaps? e14534.gif

Let me introduce you to Mr Brian Stockbridge, Financial Director of The Rangers Football Club Ltd, formerly known as Sevco Scotland Limited.

The quiet man of a takeover saga that began in late February of this year when Duff & Phelps announced they were accepting takeover bids for the soon-to-be-liquidated RFC PLC.

Weeks earlier Mr Stockbridge had transferred from Allenby Capital -- where he had been involved in some deals for Ticketus owners Octopus Investments -- to join Zeus Capital, who are backed by Octopus.

There is nothing online to suggest that Mr Stockbridge had previously lived or worked in the Glasgow area.

Indeed, late last year he was working in London with Allenby as nominated adviser to Tembusu Investments -- a firm owned by convicted bank fraudster Rafat Rizvi which then changed its name to Nova Resources and hired Charles Green as Chairman.

On February 29 Ticketus met with Duff and Phelps and told them they intended to "protect their investment" at Rangers by being willing to "hold talks with any potential new owners".

On March 5 Brian Stockbridge registered a Change of Name for his own firm, Stockbridge Capital Investments Limited, which had been incorporated on February 20.

The address given was a residential property in - you guessed it - Bearsden.

A house that had been put on the market only weeks earlier by a gentleman of Asian descent who had previously registered a now-dissolved beauty business to the same address.

And it is that Bearsden address that also now appears on Mr Stockbridge's registration with the Financial Services Authority.

One possible explanation for this (and I do accept there is a fair bit of supposition involved here) is that Mr Stockbridge's new bosses had sent him up to Jocko-land to pursue a special project. And had even arranged for him to settle down in a new house. So it wasn't going to be a quick fix.

March 5, I hasten to add, was before even the first deadline had expired for the first bids for the carcass of RFC PLC RIP.

We had Bill Ng, Bill Miller, the Blue Knights and that choob Kennedy e5032456.gif Uncle Walter and so on still to appear, then disappear. Many of them complaining of the unstatisfactory nature of their consultations with "representatives" from Ticketus.

Did any of them, I wonder, have talks with a certain Mr Stockbridge at around that time?

Then along came Sevco 5088 Limited, which was incorporated on March 29.

Charles Green was not made a director until May 4, and news of a bid by his Sevco consortium was not made public until May 11.

So what do I conclude?

Revelling once again in conspiratorial mania, I suggest that the plan to send Brian Stockbridge north to mastermind a takeover bid was hatched by Zeus Capital -- and whoever they were working on behalf of -- within DAYS of Duff & Phelps beginning the RFC PLC RIP administration process.

Stockbridge was in Glasgow throughout the whole of the takeover pantomime.

Now he's working quietly behind the scenes on behalf of his paymasters while Chuckie Green creates a noisy distraction.

And if I had to put odds on who was giving Stockbridge his orders, I'd have very short odds on Ticketus.

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