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Big Rangers Administration/Liquidation Thread - All chat here!


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We played shit and you got lucky

Honest response :)

With respect to yourselves, The Rangers International Plc are the only lower league team we've faced all year so it's to be expected that they would be poor. Saying that, they tried their little socks off

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Another of those genuine questions:

Were the landmarks of 120 years, or 130 years marked in any comparable ways? I don't remember it happening, but maybe I just missed it in those pre-P&B days.

I suspect that they've just made a song-and-dance this time because there's a debate about 'history', thus inviting the charge that they protest much, much, too much. I might be wrong though.

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Mr Longmuirs statement sure has stirred up a hornets nest :lol:

The only hornets nest seen on this thread recently appeared with the following...

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION

IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM

RULES")

-----------------------------------------------------------------------

COMPANY NAME:

-----------------------------------------------------------------------

Rangers International Football Club plc

-----------------------------------------------------------------------

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY

TRADING ADDRESS (INCLUDING POSTCODES) :

-----------------------------------------------------------------------

Ibrox Stadium, 150 Edmiston Drive, Glasgow, G51 2XD

-----------------------------------------------------------------------

COUNTRY OF INCORPORATION:

-----------------------------------------------------------------------

Scotland

-----------------------------------------------------------------------

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED

BY AIM RULE 26:

-----------------------------------------------------------------------

www.Rangers.co.uk (available upon admission)

-----------------------------------------------------------------------

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR,

IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING

POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE

TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

-----------------------------------------------------------------------

Rangers International Football Club plc following admission

will own and operate Rangers Football Club Limited. Rangers

Football Club, based in Scotland, has become one of the world's

most successful clubs, having won 54 League titles, 33 Scottish

Cups, 27 League Cups and the European Cup Winners' Cup in 1972.

Playing at the 50,987 seater Ibrox Stadium, Scotland, and benefitting

from the world class 37 acre Murray Park training facility,

the club has been a dominant force in Scottish football for

decades.

The club generates revenues from match-day sales, broadcasting

rights, retail and merchandising as well as other media rights.

-----------------------------------------------------------------------

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS

AS TO TRANSFER OF THE SECURITIES (i.e. where known, number

and type of shares, nominal value and issue price to which

it seeks admission and the number and type to be held as treasury

shares):

-----------------------------------------------------------------------

Ordinary shares of 1 penny each at an issue price of 70 pence.

The shares are freely transferable and have no restrictions

placed on them.

-----------------------------------------------------------------------

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED

MARKET CAPITALISATION ON ADMISSION:

-----------------------------------------------------------------------

Up to GBP27 million to be raised on admission through the placing

and public offer. Anticipated market capitalisation GBP50 million

(assuming subscription in full of the public offer).

-----------------------------------------------------------------------

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

-----------------------------------------------------------------------

TBA

-----------------------------------------------------------------------

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH

THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES

(INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

-----------------------------------------------------------------------

None

-----------------------------------------------------------------------

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS

(underlining the first name by which each is known or including

any other name by which each is known):

-----------------------------------------------------------------------

Malcolm Alexander Murray (Non-Executive Chairman)

Charles Alexander Green (Chief Executive Officer)

Brian Stockbridge (Finance Director)

Walter Smith (Non-Executive Director)

James Ian Henderson Hart (Non-Executive Director)

Philip Cartmell (Non-Executive Director)

Frederick Bryan Smart (Non-Executive Director)

-----------------------------------------------------------------------

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED

AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER

ADMISSION (underlining the first name by which each is known

or including any other name by which each is known):

-----------------------------------------------------------------------

Upon admission, Rangers International Football Club plc will

acquire Rangers Football Club Limited on the basis of a one

for one share exchange and after admission Rangers International

Football Club plc will be the holding company for the group.

Before Admission

Rangers Football Club Limited - the current operating business

No of Ordinary

Shareholder Shares Percentage

------------------------------- --------------- -----------

Charles Green 5,000,200 14.96%

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%

Rangers International Football Club plc - the holding company

of the group following admission

FFW Secretaries Limited - 100%

After Admission

Rangers International Football Club plc which will own Rangers

Football Club Limited (assuming no take-up under the public

offer)

No of Ordinary

Shareholder Shares Percentage

------------------------------ -------------- ----------

Charles Green 5,000,200 8.67%

Hargreave Hale Limited 4,949,000 8.58%

Artemis Investment Management

LLP 4,286,000 7.43%

Blue Pitch Holding 4,000,000 6.94%

Mike Ashley 3,000,000 5.20%

Margarita Funds Holding Trust 2,600,000 4.51%

Cazenove Capital Management

Limited 2,450,000 4.25%

Richard Hughes 2,200,000 3.82%

Imran Ahmad 2,200,000 3.82%

Legal & General Investment

Management Limited 2,000,000 3.47%

Insight Investment Management

(Global) Limited 1,900,000 3.30%

Craig Mather 1,800,000 3.12%

-----------------------------------------------------------------------

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE

2, PARAGRAPH (H) OF THE AIM RULES:

-----------------------------------------------------------------------

None

-----------------------------------------------------------------------

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION

DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited

interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS

PURSUANT TO AIM RULES 18 AND 19:

-----------------------------------------------------------------------

(i) 30 June

(ii) 31 August 2012

(iii) 31 March 2013, 31 December 2013, 31 March 2014

-----------------------------------------------------------------------

EXPECTED ADMISSION DATE:

-----------------------------------------------------------------------

19 December 2012

-----------------------------------------------------------------------

NAME AND ADDRESS OF NOMINATED ADVISER:

-----------------------------------------------------------------------

Cenkos Securities plc, 6.7.8 Tokenhouse Yard, London EC2R 7AS

-----------------------------------------------------------------------

NAME AND ADDRESS OF BROKER:

-----------------------------------------------------------------------

Cenkos Securities plc, 6.7.8 Tokenhouse Yard, London EC2R 7AS

-----------------------------------------------------------------------

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE

(POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE

AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL

DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

-----------------------------------------------------------------------

Ibrox Stadium

Glasgow G51 2XD

The Admission Document will contain full details about Rangers

International Football Club plc and the admission of its securities.

-----------------------------------------------------------------------

DATE OF NOTIFICATION:

-----------------------------------------------------------------------

5 December 2012

Now, apart from all the other bullshit contained within that document above...

"Rangers International Football Club plc following admission will own and operate Rangers Football Club Limited. Rangers Football Club, based in Scotland, has become one of the world's most successful clubs, having won 54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners' Cup in 1972. Playing at the 50,987 seater Ibrox Stadium, Scotland, and benefiting from the world class 37 acre Murray Park training facility, the club has been a dominant force in Scottish football for decades."

Not 'owning'. laugh.giflaugh.giflaugh.giflaugh.giflaugh.giflaugh.giflaugh.giflaugh.giflaugh.giflaugh.gif

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The only hornets nest seen on this thread recently appeared with the following...

Now, apart from all the other bullshit contained within that document above...

"Rangers International Football Club plc following admission will own and operate Rangers Football Club Limited. Rangers Football Club, based in Scotland, has become one of the world's most successful clubs, having won 54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners' Cup in 1972. Playing at the 50,987 seater Ibrox Stadium, Scotland, and benefiting from the world class 37 acre Murray Park training facility, the club has been a dominant force in Scottish football for decades."

Not 'owning'. laugh.giflaugh.giflaugh.giflaugh.giflaugh.giflaugh.giflaugh.giflaugh.giflaugh.giflaugh.gif

Rangers International. :lol:

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Another of those genuine questions:

Were the landmarks of 120 years, or 130 years marked in any comparable ways? I don't remember it happening, but maybe I just missed it in those pre-P&B days.

I suspect that they've just made a song-and-dance this time because there's a debate about 'history', thus inviting the charge that they protest much, much, too much. I might be wrong though.

Funnily enough, that question crossed my mind as well, I suppose they just had to convince the gullibears. :lol:

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Greg Hemphill ‏@greghemphill69

"Follow follow, we will follow Rangers, Everywhere, anywhere, except to the grounds of SPL teams that voted against us" isn't as catchy.

smile.gif

And how long will it take the MSM to twig that the Sevcovians are buying shares in a holding company?

Do we have to wait until 19th to see what is actually in the Admission document?

smile.gif

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8. Property Matters

The property valuation report from DM Hall dated 10 October 2012 includes a valuation of the RFCL

Group's properties under a depreciated replacement cost method at 31 August 2012 as follows:

Ibrox Stadium – £65.2 million; and

Murray Park – £14 million.

This represents a combined value of £79.2 million

next

£80m combined, the BDO is at Ibrox so that can pay off the creditors nicely and the £27m share could through that as well.

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8. Property Matters

The property valuation report from DM Hall dated 10 October 2012 includes a valuation of the RFCL

Group's properties under a depreciated replacement cost method at 31 August 2012 as follows:

Ibrox Stadium – £65.2 million; and

Murray Park – £14 million.

This represents a combined value of £79.2 million

next

Tedi, that is ''under a depreciated replacement cost method'' , ie a 'new for old' insurance valuation. Feck all to do with worth...... a 3year old telly 'might' have a value of £700 under that method but you wouldn't get a £100 for it by selling it. Insurance torch job methinks ;)

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Hold on, so Ibrox and Murray Park value is at £80m and the share issue is at £27m? Then what about when he leaves New Rangers and have a property leaseback selling them combined and he gets the £27M share money plus if he sells both Ibrox and Murray park for £80m then he makes a wealthy profit. :o

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You proved I'm a bigot yet ya clown ?

We are still waiting

In my opinion you are likely to be a bigot. Given your team and user name.

I did not state as fact that you are as it is a very subjective term, thereby being highly difficult to prove - that, and the reason that you are a stranger on the internet makes it nigh on impossible.

Now, can you prove that I am clown?

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Leaseback from where?

Leases

Rental costs under operating leases are charged to the income statement in equal annual amounts over the

periods of the leases.

Tedi Charles Green is only here for the money and he put up a valuation of Ibrox and Murray park at £80m.

He can do whatever he want's because he owns the new club.

post-39909-0-15276400-1355084043_thumb.p

Edited by Bairnforever1992
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We certainly dont need a Falkirk fans pity, save it for your own team who are easily the worst we have encountered this season :lol:

We've been shit, for the last 4 & ½ years, and your new team got lucky (just like the old one did, in the cup final that you cheated in). <_<

Honest response ;)

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Tedi , google Rangers prospectus .

Utterly obsessed .

Andy Muirheads website.

A disgraced lawyers blog

Phil MacGilligan's island

Celtic Quick news

To name but a few, these clowns are utterly obsessed :lol:

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"Red card to liquidation" ... still makes me laugh at the stupid orc b*****ds.

laugh.gif

37756116.jpg

Interesting quotes around that time too.

"We've always had in the back of our minds the liquidation scenario but it's the worst by a long way. It would dispirit people and break connections and fans would believe the history and tradition had gone."

Andy Kerr, Rangers (RIP) Assembly president.

"Our message to anyone with that idea [liquidation] is that they are entirely unwelcome. We believe it is possible to save the club and its history. We don't think it should be bought and then put through the horror of liquidation."

Mark Dingwall, Scotland's largest testicle.

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Andy Muirheads website.

A disgraced lawyers blog

Phil MacGilligan's island

Celtic Quick news

To name but a few, these clowns are utterly obsessed :lol:

You're right. There is absolutely nothing to worry about, think about or critique in that share prospectus. It should have been allowed to slide by with not a passing acknowledgement.

After all, it's only money.

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You're right. There is absolutely nothing to worry about, think about or critique in that share prospectus. It should have been allowed to slide by with not a passing acknowledgement.

After all, it's only money.

Perhaps you would stop putting words in my mouth.

Thanks.

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I under stand what leases are, but you still did not answer my question

Leaseback from where?

Ok really don't know, it's hiding from the public eye. To be honest with a valuation of £80m and a share money of £27m could that share money be for Ticketus, and the £80m land value can be for BDO and creditors. Think about it.

How many promises has Charles Green broken? He's a liar to the full, and making fantasy goals of you're club like 500m fans around the world....:lol:

Edited by Bairnforever1992
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