chilledbear 16 Posted October 13, 2012 Share Posted October 13, 2012 Word on the street, and I'm not confirming anything, that £8.5m has been registered in one day. *coughs* pledged. £8m by timmy probably. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted October 13, 2012 Share Posted October 13, 2012 That's complete bullshit and there's a lot of other nonsense figures in those statements from Green. These are the figures that stood out for me...... ...on season ticket sales: "The real good thing is the predictability of this. We sold 36,000 season tickets at £320 average. Assuming the manager does his job and gets us promoted [we'll sell more]. The price will be higher – let's say we sell 40,000 season tickets next year at £500. I've got £20m. Tell me which high street shop can tell you with that predictability the levels of revenue." £500 for a season ticket in Division 2, and we will sell 40k !! 0 Quote Link to post Share on other sites More sharing options...
plgsarmy 111 Posted October 13, 2012 Share Posted October 13, 2012 its has a few beers befor qp game your most welcome to join us. If it's in the WRC then fine. If not, I can't as I work at the RST shop on matchdays. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,860 Posted October 13, 2012 Share Posted October 13, 2012 Well, who knows? It could well be that McColl et al came to some sort of an agreement with Green & Co. - for their retreat from the table was rather hasty IMHO. If McColl, Park, Smith et al sign up for 10 to 15% each, their "party" will get some significant influence and that may ease a possible take-over in a couple of years or so, while their money goes exactly where they intended it to - the club. I for one do not expect the "average" fan taking up that many shares. 0 Quote Link to post Share on other sites More sharing options...
andy steel 0 Posted October 13, 2012 Share Posted October 13, 2012 Taking responsibility for the Rangers flotation is just the latest in long line of successes for Stephen Keys and Max Hartley of small and mid-cap specialist Cenkos Securities. I read that as 'mad-cap' specialists, which gives a good idea of where my head is with this. His figures seem wildly optimistic. His plans seen wildly opimistic. He seems wildly optimistic. I'm not optimistic. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted October 13, 2012 Share Posted October 13, 2012 Well, who knows? It could well be that McColl et al came to some sort of an agreement with Green & Co. - for their retreat from the table was rather hasty IMHO. If McColl, Park, Smith et al sign up for 10 to 15% each, their "party" will get some significant influence and that may ease a possible take-over in a couple of years or so, while their money goes exactly where they intended it to - the club. I for one do not expect the "average" fan taking up that many shares. There's a reason why no seriously moneyed Rangers supporter has invested despite repeated and strenuous attempts by Green to get them to do so. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted October 13, 2012 Share Posted October 13, 2012 These are the figures that stood out for me...... ...on season ticket sales: "The real good thing is the predictability of this. We sold 36,000 season tickets at £320 average. Assuming the manager does his job and gets us promoted [we'll sell more]. The price will be higher – let's say we sell 40,000 season tickets next year at £500. I've got £20m. Tell me which high street shop can tell you with that predictability the levels of revenue." £500 for a season ticket in Division 2, and we will sell 40k !! Yep, that statement is nonsense too. I don't know how he can talk about predictability in such certain terms while completely ignoring that the fans wouldn't be chuffed about a 64% increase in ST prices for moving up from SFL3 to SFL2. The guy's a loon. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted October 14, 2012 Share Posted October 14, 2012 From Friday's Times for those not behind the paywall: Rangers pin hopes for a glorious return on Ibrox Rangers Football Club wants to raise £20 million through a listing on AIM as part of a big redevelopment of the land surrounding its Glasgow stadium. Charles Green, the chief executive, Ally McCoist, the manager, and Brian Stockbridge, the finance director, told The Times how they plan to return the club to its glory days from the bottom of the Scottish Football League. The flotation comes when clubs such as Millwall and Tottenham Hotspur have turned away from this form of ownership. Rangers, along with their Glasgow rivals Celtic, are the biggest sides in Scottish football but the gameâ??s future was thrown into doubt this year when Rangers went into liquidation with huge tax debts. Mr Green, the venture capitalist and former chief executive of Sheffield United Football Club, said that the new owners were negotiating partnerships with British Land, Cancer Partners, Ardmore Group and the Marriot and Holiday Inn groups to rebuild the club. The plans include: â?¢ Rebuilding the defunct railway station outside the stadium â?¢ Building a megastore and two new bars in the stadium after a £1 million property acquisition from Sir David Murray, the former owner and chairman â?¢ Finding a new sponsor that may involve renaming the stadium, but retaining the name Ibrox in the title â?¢ Opening five new Rangers shops, including one in London and at Glasgow airport and Belfast â?¢ Continuing negotiations with adidas and Puma to manufacture the shirt for next season â?¢ Rangersâ?? assets were bought out of liquidation by Mr Greenâ??s company Sevco for £5.5 million in June when he unsuccessfully applied for the club to remain in the Scottish Premier League. The club was forced into administration in February over unpaid taxes of £14 million that were incurred during the previous ownership of Craig Whyte. Rangers were also being pursued for as much as another £75 million, having paid players through trusts under Sir Davidâ??s tenure. Despite playing in the fourth tier this season and supportersâ?? initial hostility to the new owners, the club sold 36,000 season tickets. â??What I want to do is really capitalise on this fan loyalty,â? Mr Green said. â??Iâ??d like to have a development that produces income every year. So we are collecting rent of between £5 million and £10 million a year for the next 25 years.â? Glasgow is hosting the Commonwealth Games in 2014 and Ibrox is one of the venues. Mr Green said the prospectus being shown to investors was a â??prudentâ? calculation that Rangers would take three promotions to return to the top flight. However, he said the club could return to the Scottish Premier League as early as next year if the Scottish Football Association restructured the divisions before the start of next season. â??If that were to be the route [returning in three promotions] and thatâ??s our business model, in four yearsâ?? time there will be no SPL because it wonâ??t survive without a TV contract and there will be no TV contract.â? The new owners have recently entered a majority â??51-49â? joint venture with Mike Ashleyâ??s Sports Direct, after the collapse of JJB Sports, to sell Rangersâ?? products and expect â??another £25 million of revenue going forwardâ?. Mr Ashley also wants to take a stake in Rangers. The new owners expect to broadcast games live on the club website â?? Rangers can typically take about 500 supporters with them to away games. The 19 investors who are part of the consortium will have their shares diluted and their details will be published on the clubâ??s website, the new owners said. Mr McCoist said that the fans trusted the new owners now, even though they needed police protection when they first emerged in charge. Sinking feeling Feb 14 Rangers appoint administrators Duff & Phelps. Rangers are immediately docked ten points by the SPL Feb 27 Rangers are fined £50,000 by the Plus Stock Exchange for failing to disclose that Craig Whyte, the owner, had previously been disqualified as a director Mar 9 Rangersâ?? administrators announce a package of wage cuts with players that have â??directly prevented substantial job losses among non-playing staff both at Ibrox and Murray Parkâ? May 13 Administrators announce that they have signed a binding contract to sell the club to Sevco consortium, led by Charles Green, the former Sheffield United chief executive May 30 SPL clubs take on responsibility for deciding whether â??newcoâ? clubs should be admitted to the league but reject fixed penalties June 14 Mr Green completes the purchase of Rangersâ?? assets after the clubâ??s liquidation, hours after a consortium led by Walter Smith, the former manager, makes a late bid July 4 An application to transfer the Scottish Premier League membership from the â??oldcoâ? to the â??newcoâ? was rejected by a vote of 10-1. â??Newcoâ? secures a place in the lowest league Oct 11 Flotation plan announced 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted October 14, 2012 Share Posted October 14, 2012 There's a reason why no seriously moneyed Rangers supporter has invested despite repeated and strenuous attempts by Green to get them to do so. Because they really aren't interested enough, as the whole finding a buyer saga showed. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted October 14, 2012 Share Posted October 14, 2012 Yep, that statement is nonsense too. I don't know how he can talk about predictability in such certain terms while completely ignoring that the fans wouldn't be chuffed about a 64% increase in ST prices for moving up from SFL3 to SFL2. The guy's a loon. Balanced. I think predictability was more talking about the loyalty of the fans, and the price of the season ticket sounded like he was giving an example. Although if it's SPL prices sobeit, we hardly intend to be a SFL club for any length of time. 0 Quote Link to post Share on other sites More sharing options...
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