Drainfish Posted December 8, 2012 Share Posted December 8, 2012 League titles and cup wins remain the property of the issuing authority, so it would make it difficult for Green to contest the stripping of titles if that was what the SPL commission decided. It would be easier to contest a financial penalty or points deduction to newco though... 0 Quote Link to comment Share on other sites More sharing options...
thenolly Posted December 8, 2012 Share Posted December 8, 2012 Ah ok, forgiven It is in the prospectus the Locked in Shareholders will be prevented from selling Ordinary Shares held by them for a period of 12 months Common practice to (1) protect the share price (2) tie in th executive directors to running the company So its out then?? There goes all the weans Xmas presents in Govan and Larkhall 0 Quote Link to comment Share on other sites More sharing options...
thenolly Posted December 8, 2012 Share Posted December 8, 2012 I've just had a wee swatch at the prospectos For the 3 month period from incorporation to 31 August 2012 3 month period to 31 August 2012 £’000 Revenue 1,711 Operating expenses (5,487) Loss from operations before player trading (3,776) Amortisation of players registrations (172) Profit on disposal of player registrations 12 Non-recurring items 17,056 Profit from operations 13,120 Finance costs (173) Profit on ordinary activities before taxation 12,947 Taxation 937 Profit for the period 13,884 Profit for the period £13 million at August on a 3 month statement, now I'm no accountant am I reading this right 0 Quote Link to comment Share on other sites More sharing options...
thenolly Posted December 8, 2012 Share Posted December 8, 2012 Jim Traynor confirmed as Media Advisor by Rangers and is still employed by the Beeb, the football phone in should be interesting tonight Thats a worse signing than Flo 0 Quote Link to comment Share on other sites More sharing options...
thenolly Posted December 8, 2012 Share Posted December 8, 2012 That figure includes the cash injections from investors Later on in the document they make it clear that the income only includes a tiny fraction of the ST income and Match Day income due to the fact that only 1 Home league Tie was included in that period There are further references to future income throughout the season and expenses but it is all quite complicated, I will wait till some accountant type bear breaks it all down and posts what it all means It does say that no finance or additional income will be needed for at least the next 12 months and confirms that none of the capital raised by the share issue will be used for operating capital There are also some eye watering figures for the development of the stadium, I would imagine this is mainly modernisation and repairs Aye quite complicatedand baffling, maybe thats the plan didn't notice the accounts being signed off though under the figures which on other statements I've seen they are but did notice this bit below which made me chuckle 4. Business overview and strategy Football activities Having been voted out of the SPL in July 2012, No you weren't voted in, minor technicality im sure 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted December 8, 2012 Share Posted December 8, 2012 Aye quite complicatedand baffling, maybe thats the plan didn't notice the accounts being signed off though under the figures which on other statements I've seen they are but did notice this bit below which made me chuckle 4. Business overview and strategy Football activities Having been voted out of the SPL in July 2012, No you weren't voted in, minor technicality im sure See, stuff like that getting debated on P&B is one thing - we're all here for a bit of argument and debate over issues like this one: but when you see erroneous statements like this in a share issue prospectus, it must surely be a bit worrying for the Orcs. I mean, if the people running the show don't know or acknowledge the truth of what's happened, it must raise concerns for the validity of the rest of the document. (which I haven't read yet, BTW) 0 Quote Link to comment Share on other sites More sharing options...
Umbungo1874 Posted December 8, 2012 Share Posted December 8, 2012 Aye quite complicatedand baffling, maybe thats the plan didn't notice the accounts being signed off though under the figures which on other statements I've seen they are but did notice this bit below which made me chuckle 4. Business overview and strategy Football activities Having been voted out of the SPL in July 2012, No you weren't voted in, minor technicality im sure It also goes on about getting into the SPL and Europe in future years, I thought Rangers would not be joining the SPL when Charles was in charge 0 Quote Link to comment Share on other sites More sharing options...
beermonkey Posted December 8, 2012 Share Posted December 8, 2012 Jim Traynor confirmed as Media Advisor by Rangers and is still employed by the Beeb, the football phone in should be interesting tonight Well that explains all the bullshit he's been peddling for years...he was after that job all along. A marriage made in heaven, Or should that be hell ? l 0 Quote Link to comment Share on other sites More sharing options...
H Wragg Posted December 8, 2012 Share Posted December 8, 2012 (edited) Quiz time, folks. Who wrote this on 13th June 2012? "Yesterday the CVA proposal put forward on behalf of Charles Green by administrators Duff and Phelps was rejected by HMRC. They didn’t even wait until tomorrow’s creditors’ meeting, although that will still go ahead. But Rangers FC won’t. They’ll slip into liquidation within the next couple of weeks with a new company emerging but 140 years of history, triumph and tears, will have ended. No matter how Charles Green attempts to dress it up, a newco equals a new club. When the CVA was thrown out Rangers as we know them died." Clue - It was printed in the Daily Record. :lol: Edited December 8, 2012 by H Wragg 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted December 8, 2012 Share Posted December 8, 2012 Quiz time, folks. Who wrote this on 13th June 2012? "Yesterday the CVA proposal put forward on behalf of Charles Green by administrators Duff and Phelps was rejected by HMRC. They didn't even wait until tomorrow's creditors' meeting, although that will still go ahead. But Rangers FC won't. They'll slip into liquidation within the next couple of weeks with a new company emerging but 140 years of history, triumph and tears, will have ended. No matter how Charles Green attempts to dress it up, a newco equals a new club. When the CVA was thrown out Rangers as we know them died." Clue - It was printed in the Daily Record. :lol: Jim Traynor himself, is he the man going to shut down Rangers? 0 Quote Link to comment Share on other sites More sharing options...
candalan Posted December 8, 2012 Share Posted December 8, 2012 This was always on the cards as he posted his true colours to the mast during the debacle, tho still always maintained he was an Airdrie supporter. another glory hunting bigot joins the ranks of Newco rangers. -1 Quote Link to comment Share on other sites More sharing options...
bairney Posted December 8, 2012 Share Posted December 8, 2012 (edited) How did today's minutes silence go as they reflected on the demise of their old club? Edited December 8, 2012 by bairney 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted December 8, 2012 Share Posted December 8, 2012 Jim Traynor himself, is he the man going to shut down Rangers? 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted December 8, 2012 Share Posted December 8, 2012 Albion Car park on a lease sale. 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted December 8, 2012 Share Posted December 8, 2012 IMPORTANT NOTICES 1. Overseas Shareholders This document does not constitute an offer to sell or the solicitation of an offer to buy Ordinary Shares in the United States, Canada, the Republic of Ireland, the Republic of South Africa, Australia or Japan or in any jurisdiction in which such offer or solicitation is unlawful. So not wanting the yank cash.........though how does this work with the Canadian teachers pension fund? 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted December 8, 2012 Share Posted December 8, 2012 There are further references to future income throughout the season and expenses but it is all quite complicated, I will wait till some accountant type bear breaks it all down and posts what it all means Paul McConville do ya if you can trust his breakdown of the document Tedi and not call it some tic wet dream.But it will be some riveting read for the rest of us P&Bers 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted December 8, 2012 Share Posted December 8, 2012 Sone Aluko, Kyle Lafferty and Jamie Ness have raised employment tribunal claims against Newco. They claim constructive dismissal. Eh? Aluko was on a 6 month contract and refused to sign another one if i remember correctly? Lafferty and Ness both found other clubs and told Green to Tupe off if i rem..........? Strange. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted December 8, 2012 Share Posted December 8, 2012 Ally McCoist is contracted to get a bonus if the club wins a domestic treble or qualifies for the Champions League. Obviously doesn't get a bonus for winning the challenge cup Did you read all 120 pages 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted December 8, 2012 Share Posted December 8, 2012 Go on then, show me an article that shows Jim being a bigot That will be the one saying he is now on the payroll 0 Quote Link to comment Share on other sites More sharing options...
SS-18 ICBM Posted December 8, 2012 Share Posted December 8, 2012 Quiz time, folks. Who wrote this on 13th June 2012? "Yesterday the CVA proposal put forward on behalf of Charles Green by administrators Duff and Phelps was rejected by HMRC. They didn't even wait until tomorrow's creditors' meeting, although that will still go ahead. But Rangers FC won't. They'll slip into liquidation within the next couple of weeks with a new company emerging but 140 years of history, triumph and tears, will have ended. No matter how Charles Green attempts to dress it up, a newco equals a new club. When the CVA was thrown out Rangers as we know them died." Clue - It was printed in the Daily Record. :lol: Rangers new Media Advisor. 0 Quote Link to comment Share on other sites More sharing options...
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