I once received a cheque from Fergus McCann.
I think it was for £14.40.
However, I never did cash in that debenture as I hoped that it would circulate back into the club.
My investment in Celtic wasn’t business, it was personal.
I saw it as a donation.
The man Celtic fans call “the Bunnet” had a stock market flotation because he wanted to raise share capital for a specific purpose and that was to build a new stadium.
The Taylor report meant that the old Celtic Park was not fit for purpose.
It was, and remains, the most successful share issue of any football club in Britain.
Not only did Celtic fans mobilize in 1994 to topple the old board and then they stepped up to fund Celtic going forward.
Fergus was good to his word and used the millions raised to build a stadium that held more people than Ibrox.
If it could be filled on a regular basis then Celtic would, possibly for the first time ever, have greater financial clout than their city rivals.
We know the rest.
David Murray’s decision to go the disastrous EBT route was to allow him to continue to outspend Celtic and re-assert the dominance of the 1990s.
Through it all Fergus did what he said he would do.
Firstly and most importantly he saved the club from liquidation.
That means that the team I watched win the European Cup in 1967 is the same club I watched beat Helsingborg last month.
He then built a stadium cashed in his chips and left without any fanfare.
However, it would have been different.
After the successful share issue Fergus, as majority shareholder, could have decided that putting seats into the old stadium would satisfy the requirements of the Taylor Report.
What would he have done with all of that spare cash?
Well he could have bought star players.
However, he could also have just issued a dividend to shareholders.
Obviously as he held the majority of the shares he would get a bigger pay-out than anyone.
As expected Charles Green and his investors are planning a share issue for shares in The Rangers Football Club (formerly known as Sevco Scotland Limited).
The PR has stated that they hope to raise £20 million and that this will be used to provide Ally McCoist with a budget for players.
Given that a registration ban is now in place and no new players can be brought in until January 2014 then this money would remain unused until then.
Moreover, clearly there is no need to build a new stadium or a training ground.
Let us assume best scenario for the flotation and that £20 million is raised.
That money cannot be used to buy players until January 2014.
There is no need to conduct any major capital project like a new stadium.
So what will that notional £20 million be used for?
If the money is indeed intended for the purchase of players then why not wait until nearer to January 2014?
However, if that £20 million was used to fund the shortfall between the costs of running a club with an SPL squad and Division 3 revenues then that could be the road to ruin.
What would the company do the year after to bridge the gap between the cost base and the revenues streams?
A Sevco insolvency event would defy parody.
No, it really would.
If the share capital is not there to provide for player purchase and it is not to be used as working capital then there is only one other possibility that I can see.
With many millions raised by a successful flotation the shareholders could receive a dividend fairly quickly.
Of course the emotional investor wouldn’t much care about that, as I didn’t with the Celtic debenture from Fergus McCann.
However, the commercial investor in Sevco Scotland Limited would be very interested in such a move.
There would not, of course, be anything untoward if a dividend was paid to the shareholders.
It happens in business all of the time.
This, of course, is why investors put money into companies in the first place.
Such a move would be perfectly legal and just like the residents of animal farm although all shares are equal, some shares may turn out to be more equal than others.
Perhaps one day next year if Sevco shareholders receive a cheque in the post from Mr Green then it might not bode well for “The Rangers”.
chris
http://www.politico.com/news/stories/0912/81517.html#ixzz278Ll5iGk
u think rangers should pay back all theire creditors using the money from the share issue theyre about to launch rather than charles green gloating how much money they now have thats if he doesnt use as a massive dividend for him and his pals on board as the stadiums fine and cant buy any players mabe this money is to get the special one after mccoist gets the boot haha mabe these creditors will take as long as linda in this article before finally backing down and admitting the debts!
September 22, 2012 at 10:00 am
Mark o'B
Hi Phil,
Do you buy in to the stories of the people pulling the strings of Green is Ticket us?
It is one way to get their money back.
September 14, 2012 at 12:06 am
alfredo67
I love you Phil, CQN, RTC, P McConville, ……..their boys are taking a helluva beating.
September 13, 2012 at 6:47 am
Mick
Dear All ,
My name is Malcolm Walker and it is with deepest regret that I inform you of my death. From the depths of Hades I have an offer to make to interested parties. Memories of nights whereupon I did become inebriated can become yours for but a small gesture, somewhere in the region of $1. You may have to accept debts of in the region of $190 million incurred by my good self not getting my round in, in order to receive the globally acknowledged glory of my name as having been the most inebriated person on the planet. You may find that at least 5 of these may be contended by a Sovereign state. I have though invoked a confused Yorkshireman to contest the aforementioned. My life is yours and your’s can be mine. Please deposit something, somewhere, with any crooked administrator you can find. Malcolm then, Malcolm now, Malcolm forever. Rest assured that only malcontents such as those that inhabit narrow-minded, I’ll-informed Internet forums will challenge your right to become me.
September 12, 2012 at 7:01 am
John Reid
Hey Phil, I am down here in Melbourne and awaiting my copy of Downfall. Not had any emails about delays, yet
Hopefully mine was sent before they all flew off the shelves! Just a quick question, that you probably can’t answer, why can people on blogs like this and even in the comments of certain rags ask the pertinent questions and the MSM continue to lap up anything that comes out of ibrox? I mean I havenever once heard a jounilist ask him how he can continue to say the history is there when he himself told us all that if CVA failed the timeline would stop? This is the basics, surely? Also just wanted to say I saw the picture of Stan petrov on F/book, looks well!! Keep the fight going, we are all Stan Petrov!! Hail Hail
September 12, 2012 at 3:55 am
Doc
Mr Mac Giolla Bhain, on the Amazon website, a distributor of your literature, they occasionally allow potential customers to read excerpts of books. At some point, will you do a similar thing via this website and produce select parts of your publications to ‘whet the whistle’ of your audience?
September 12, 2012 at 2:36 am
dc77
Hey Phil, did you see today that UEFA announced today the final figures for the UEFA 2012 compensation list ?? This is the compensation paid to clubs for player participation in the Euros..? Celtic got almost 600k whilst Rangers FC stand to get over 300k, I wonder if UEFA will take the same stance as the SFA and SPL and withhold those monies from Sevco Scotland T/A The Rangers Football Club ???
September 11, 2012 at 11:39 pm
Doc
The money SHOULD go to the creditors. The vendors, facepainters, printers, nurses, doctors, police, fire brigade, councils, etc certainly SHOULD get the money before mr green and his ilk
September 12, 2012 at 3:09 am
Margaret McDonald
I tried last week to buy Downfall in Waterstones in both Falkirk and Sauchiehall Street. Although they both would be getting copies, none were available at the time. I decided to order from Amazon and although they said it would be 3 weeks until delivery I got an email to let me know it was sent out on 10th and would be delivered by this Friday. Can’t wait to read it. Keep filling your mighty pen with ink, Phil. Every word you write is to be treasured. Thanks for all your hard work and for keeping us informed.
September 11, 2012 at 11:21 pm
Phil Mac Giolla Bhain
Thanks Margaret.
The publisher has ordered the third print run.
They’ve been overwhelmed by the demand.
I hope you enjoy Downfall-it charts an amazing unplanned journey for me and an impossible tale that is stranger than fiction.
September 12, 2012 at 12:21 am
Dal
Charlie Green said something to the effect of, ‘I don’t go where I’m not wanted’. Wonder what the good folks of Sheffield United think about that howler.
September 11, 2012 at 10:18 pm
SamBrowneBelt
Phil, tried to buy your book in Waterstones in Sauchiehall Street today. Couldn’t see it on display, so innocently asked the chap behind the counter. When I mentioned Downfall he immediately knew what I meant! Said it was sold out but should be back in tomorrow. I asked him if it would be on display and he said it would – we’ll see!
Anyway, good to know the word is getting out there.
I agree with an earlier post, it’s time to share with our Sevco friends. Finance permitting, we should all buy a few books, one for ourselves and the others to be passed to those who wouldn’t buy it, but will definitely read it in the privacy of their own home, without telling their fellow bears; eventually, they’ll all know of its contents, even if they don’t read it themselves.
More power to you Phil, but take care.
September 11, 2012 at 6:48 pm
Marky Bhoy
Hi Phil! This may have been asked before but, is there any plans for a kindle or ipad version of the book?
Cheers!
September 11, 2012 at 6:05 pm
Phil Mac Giolla Bhain
It’s been asked many many many times….
Yes
September 11, 2012 at 6:32 pm
Darren Reilly
Phil, I’ve just bought your book from Amazon and after I paid for it I realised it said 3 weeks delivery!!! Don’t know if I can wait that long so I might pop out and buy another. Pity The Sun backed down from The Hate Mob so I could have at least had a wee glimpse of it…..
September 11, 2012 at 5:27 pm
Phil Mac Giolla Bhain
Thanks Darren.
September 11, 2012 at 5:49 pm
corn, wine & oil
all you rich celtic fans should be helping your brother sevco fans that’s the spirit of sporting integrity’don’t you think so
September 11, 2012 at 5:21 pm
Ben mcginlay
LO fekin L
September 11, 2012 at 7:26 pm
Padraig K
Phil, are you aware of any stockists of your book in the United States?
September 11, 2012 at 4:42 pm
Phil Mac Giolla Bhain
No, but it will be and I’ll put that info up here when I knwo.
However, for now I think Amazon.Uk is your best avenue.
September 11, 2012 at 5:06 pm
Big Mike
Silly me I did not read the below post, someone having the same problems as me. Was wondering if I should just cancel and go buy in the shops or will it arrive sooner than the quoted date.
September 11, 2012 at 4:35 pm
Big Mike
Hi Phil, mega dissapointed just received this message on return home from work. Wish I had just went to the shop direct now. I do not read much but was looking forward to Downfall.
Hello,
We regret to inform you that the following items have been delayed as we are still awaiting stock from our suppliers :
Phil Mac Giolla Bhain “Downfall: How Rangers FC Self Destructed”
Estimated arrival date: September 26 2012 – October 03 2012
One of Amazon’s aims is to provide a convenient and efficient service; in this case, we have fallen short. Please accept our sincere apologies.
You haven’t been charged for this item yet as we don’t debit money from your payment card until just before your items are dispatched. We’ll send you a confirmation e-mail when your items are dispatched to confirm the date, contents and method of delivery.
Warmest regards,
Customer Service Department
Amazon.co.uk
http://www.amazon.co.uk
September 11, 2012 at 4:28 pm
Bob
I bought a copy from Waterstones in Dundee. The guy knew what book I wanted when I said ‘Downfall’. They were behind the counter through in the back part of the store. Not on open display anywhere which is a bit strange for such a popular book. Can’t think why it was through in the back shop lol.
September 11, 2012 at 4:28 pm
jjbhoy
hi phil,waterstones east kilbride and i just asked at the desk but if you know where you are on the amazon top ten list i would go back in and ask them if they would put it on a better display due to growth of sales,you can only ask! hh jjbhoy.
September 11, 2012 at 4:25 pm
Phil Mac Giolla Bhain
Thanks John
September 11, 2012 at 5:04 pm
jjbhoy
hi phil just back from waterstones with the copy of your book and a spring in my step.thank you for your hard work and perseverence on this and previous works.the celtic family will forever be indebted to you and if we ever cross paths the drinks are on me. you are a wonderful and courageous writer and i wish success in all you do,god bless you! hh jjbh
oy
September 11, 2012 at 3:23 pm
Phil Mac Giolla Bhain
Thanks John.
Enjoy:0)
What branch of Waterstones was it?
Was it on open display?
September 11, 2012 at 3:34 pm
Fergie
Just had an email from Amazon saying that the book is out of stock!
“We regret to inform you that the following items have been delayed as we are still awaiting stock from our suppliers :
Phil Mac Giolla Bhain “Downfall: How Rangers FC Self Destructed”
Estimated arrival date: September 26 2012 – October 03 2012″
Sounds like the book is selling very well.
Oh well, I await patiently, anticipation is very sweet indeed.
September 11, 2012 at 4:02 pm
Phil Mac Giolla Bhain
Amazon received new stock today.
So you will get another automated email bringing that date forward.
September 11, 2012 at 4:06 pm
christopher
Phil,
How about a book tour, signed copies and the like.
You are most welcome back in Irvine anytime.
I think in a few years you will have more books relating to this car crash that Mr Flemings 007 publications. (please feel free to use your own Bond titles as gags relating to this whole shambolic affair that is Sevco)
Now on my second read of Downfall – “too much of a good thing … ”
Let the good times roll . . . . . .
September 11, 2012 at 1:01 pm
Phil Mac Giolla Bhain
Thanks. I would love to do that for the Irvine folk.
September 11, 2012 at 2:22 pm
Castaway
Book arrived in the post this morning. Will start it this evening. Will you be wanting to know what us readers think of it? Might give you a different view from the professionals.
September 11, 2012 at 12:59 pm
Phil Mac Giolla Bhain
Feedback always
Welcome from someone who has bought and read the book.
September 11, 2012 at 2:19 pm
tallybhoy
Just received some bad news from Amazon, Phil.
My copy of your blockbuster now wont arrive until 25th September at the earliest!
Still, I hear that it is now on its 3rd print run – is that correct? If true – brilliant! I will just have to be patient!
HH!!
September 11, 2012 at 12:35 pm
Rosemary O'Brien
‘However, he could also have just issued a dividend to shareholders.
Obviously as he held the majority of the shares he would get a bigger pay-out then anyone.’
Phil,
There are two types of Celtic shares. Ordinary & Preference.
Fergus only held Ordinary shares which are voting shares and have never paid a dividend. So from the beginning Fergus had no intention of milking the club.
Cheers,
Rosie
September 11, 2012 at 11:45 am
Phil Mac Giolla Bhain
Thanks Rosie.
Good point.
As you probably know I am a huge fan of the Bunnet.
September 11, 2012 at 11:49 am
tambutnotbam
We all knew that Rangers were guilty of the EBT charges when Sir David Murray gave the club away for a pound note.
Its not rocket science.
Here is the mathematical equation if you need it.
E = HMRC squared.
.
September 11, 2012 at 11:26 am
Rebel67
I really hope Green wipes them off the map , we can do without their bigoted bile ..but they just wont dissapear so keep at them Phil !
September 11, 2012 at 11:22 am
robertg
It will be interesting to see the legal defence.
“We bought the stolen goods fair and square, M’Lud.”
“Fair enough, Mr Green, off you go. Can you nick me a beemer on the way home and I’ll give you a tenner for it?”
Cue celebration all round in the Reset / Fence profession.
The bombast and No Compliance attitude must just be there to stoke up the love among the Bustco Loyal to continue to extract the juice from their Giros.
[Please feel free to moderate this bit out.
Still no luck finding the bit in the Insolvency Act re the use of the name btw. The legislation points towards directors not being able to dissolve one company and then set up a new one with a similar name and the same - or at least one common - directors (ss 216/217). Is there another secion I should look in?]
September 11, 2012 at 10:42 am
Pat Morrissey
Hi Phil – Amazon have run short … hurray!
Pat
Hello,
We regret to inform you that the following items have been delayed as we are still awaiting stock from our suppliers :
Phil Mac Giolla Bhain “Downfall: How Rangers FC Self Destructed”
Estimated arrival date: September 22 2012 – October 03 2012
One of Amazon’s aims is to provide a convenient and efficient service; in this case, we have fallen short. Please accept our sincere apologies.
September 11, 2012 at 8:05 am
mrglen
Can somebody shed light on what exactly the relationship is with Therangers and Mike Ashley’s Sports Direct? It has been said that they are covering non-footballing costs. Can anybody confirm or deny this with a credible source and if it’s true, what do Sports Direct stand to gain from this?
September 11, 2012 at 4:39 am
Stevo
Great to see so many of Sevco fans have bought your book and providing reviews on Amazon. My copy will arrive in here in Oz in a few weeks but I love it already. There really is no limit to how dopey they get.
September 11, 2012 at 1:34 am
redversbodkin
excellent post & well said phil,now take a look at the post from Vital Aberdeen with respect to the statement from Mr Charles Green C.E. OF SEVCO,
September 11, 2012 at 1:01 am
SamBrowneBelt
Phil, a cheque from The Bunnet? Back in the early/mid-80s I received a £1 note in the post from Jack McGinn (won’t bore you with the details). Didn’t even have any crumbs on it:)
September 11, 2012 at 12:11 am
Stuart Kennedy
Hi Phil,
In about 12 months time this story will break in some low budget, skanky Glasgow tabloid and some wannabe famous reporter will claim it to be his exclusive.seen it all before
P.s amazon emailed n its on its way
September 11, 2012 at 12:07 am
SamBrowneBelt
Frankier
Fire away Proinsias, e-mail link on the following:
http://www.uefa.com/uefa/aboutuefa/organisation/president/profile/index.html
September 11, 2012 at 12:03 am
Martin
Debt – We’re Newco
Titles – We’re Oldco
Punishment – We’re Newco
History – We’re Oldco
EBT’s – We’re Newco
Still with me?
September 10, 2012 at 11:31 pm
PaulMc
We’re all with you. Selective amnesia rules the roost down in Sevco town.
September 11, 2012 at 1:34 am
Ben mcginlay
Oh aye, and Chick Green won’t accept any stripping of titles if the Oldco are found guilty by the investigation from the SPL as they have no jurisdiction over ( according to them) Ran ers. Wonder what the weathers like on the planet this guy is from. He really is a class act. He fits right in with the Klans mindset.
September 11, 2012 at 12:29 pm
lordmac
i hope they do take up the share issue, the quicker the better
but if they cant spend it, they will find there self in the same position as Airdrie where when they where give a large some of money for there old ground and with bad management they dipped into it. they then shared a ground, and now they own no ground at all. if this money is used at all for wages
they are on the road to insolvency once more. and I believe the Rangers ground should have been put to auction and Murray park, Duff and Phelps will have to be held over the coals
for there part, and the fact they where prepared to buy a French player, raises more questions than answers,as to who was in charge of the club at the time. as i believe in in administration all money belongs to the creditors.
September 10, 2012 at 10:39 pm
Mouldy67
Team
Cycle completed 4 @Wee_Oscar IF I can be a pest, we still need to raise 115 k, Please RETWEET / DONATE where possible http://t.co/LR4Ajg4L
September 10, 2012 at 10:35 pm
JP
David murray did try a share issue or rights issue 5 or 6 years ago and the MSM reported that they raised over £50 million. in reality David Murray borrowed Close to £50 million from HBOS through his own companies and gave it to rangers (BBC programme, the men who sold the jerseys), the fans bought less than £1 million of shares/rights although the MSM kept this very quiet. Cant wait for sevco’s share issue as Murray did try to find out how ‘Global’ the Ranjurs brand was, The findings was this: Rangers do not have the global financial support they think they have.
September 10, 2012 at 9:22 pm
john mckee
Tonite Radio Scotland Traynor does not believe titles should be stripped
Green to refuse to cooperate with dual contract investigation claiming that he bought the titles with the club and SPL cannot take them away
September 10, 2012 at 7:48 pm
Ben mcginlay
Laugh out very loudly.!!!!!!!
September 11, 2012 at 12:31 pm
Kevin Gallagher
I’m hoping Chico Green writes a book soon. He ramblings are hillarious.
September 10, 2012 at 7:34 pm
jjbhoy
dear phil,on the stv news tonight THE rangers have told the sfa that they will not assist in the investigation regarding dual contracts and ebts as they are no longer an spl club,what is your take on this as i see this as an admission that the old club is dead and you cannot touch them anymore and in turn again that THEY are now officially a new club!!! rsvp! god bless! jjbhoy.
September 10, 2012 at 7:27 pm
robert cochrane
phil bought 4 books last week sent 1 to australia 1 to jersey 1 for my son and 1 for myself spreading the word mate.brill read keep up the good work.
September 10, 2012 at 7:00 pm
gerard f reilly
oopz i see yellow brick road scenario with mr green assuming the olde 1872 defunct club are as dopey as their ye olde regime aka , surr minty dave , craigie wide bhoy whyte the real green assasin , and sadro jardine ,john -brown -mouth -billionaire,s agent 0007, wee sally fat boy (man with no surrname),s nephew ? what a bunch of nose lead cretins wandering around the 3rd divvies pawnbrokers bargain basement massive cup compo games ? what i,d like to know is “WHY IS A BUSINESS THAT DELIBERATELY REFUSED TO PAY DUE TAXES TO HER MAJESTY,S REGIME ” – still operating allbeit under an assumed name of ” SEVCO- NEWCO- SCOTLAND 2012 ” – ? ? ? – this could not have happened in any other country except scotland ?? – end of !!!
September 10, 2012 at 6:59 pm
Neil
Just gets better and better, they are a bigger farce than I first thought.
September 10, 2012 at 6:51 pm
jim larkin
http://www.bbc.co.uk/sport/0/football/19550517
the bbc are NOW mitigating for Sevco !!!
[...Rangers now play in Division Three of the Scottish Football League after the old parent company headed for liquidation and the new company was denied entry to the SPL]
September 10, 2012 at 5:32 pm
Phil Mac Giolla Bhain
Yeah Jim, that’s the spin.
Complete nonsense as far as FIFA/UEFA are concerned
September 10, 2012 at 6:00 pm
jim larkin
i guess we are all talking about …
“The Sevco Franchise”
[copyright - the Falkirk P.A system announcer]
September 10, 2012 at 5:28 pm
P J Fox
Phil,
Have Company House given approval for the Sevco name change to “The Rangers”.
I was under the impression Sevco did not meet the Company House criteria for such a name change because any name containing “Rangers” couldnt be used due to the many millions still owed to creditors.
Also, the application process for a name change to a liquidated company such as Rangers could take up to a year or more.
Can you clarify please?
http://www.bbc.co.uk/sport/0/football/18509619
September 10, 2012 at 5:25 pm
Doc
It is my understanding that rangers(IA) and sevco scotland had meetingd on 31/7/12 where rangers(IA) changed their name to RFC 2012(IA) and sevco scotland changed their name to the rangers, therefore RFC 2012 will be the liquidated club and this will allow mr green to call his new club whatever he wants, except RFC 2012.
September 12, 2012 at 2:59 am
P J Fox
cant see how Company House would give approval to the name change. have they?
September 13, 2012 at 1:15 am
Slugger O'Toole
Rangers liquidated , the Rangers to be liquidated .
September 10, 2012 at 5:17 pm
droid
Hail! Hail! The Sevoco will fail, damn the hell if we care now
September 10, 2012 at 5:03 pm
redversbodkin
Hi Phil, I am being asked by a friend is the book available ” IN LARGE PRINT” god bless
September 10, 2012 at 4:31 pm
Phil Mac Giolla Bhain
Sorry no plans for that as far as I’m aware
September 10, 2012 at 5:59 pm
Migano
Isn’t there an easier barometer here?
I the ‘club’ is not the company, then haven’t rules been violated re: third party ownership?
This whole ‘holding company’ chat is nonsense.
The media need to challenging Green when he spouts his tosh. He and his consortia did not (as they are now saying) ‘become the new owners of Rangers’ – they bought the assets of the club and company ‘Rangers FC PLC’ -in liquidation.
The end.
September 10, 2012 at 4:20 pm
Martybhoy
Phil,
This share flotation or issue or whatever wouldn’t get past the logic or scrutiny of a class full of 5 year olds.
Whiy oh why oh why are the Rainjurs minded falling for this?
Is there some sort of Jimmy Jones mass hypnotism going on here?
More smoke and mirrors than the Ultrateque in Glasgow had in the 80′s.
P.s. When is the Kindle version of Downfall available?…..Can’t wait to read it.
September 10, 2012 at 4:12 pm
Ian ferguson
Hi Phil, It will all be ok. They are only buying shares in the “HOLDING COMPANY”, so no emotional tie in at Sevco or whatever they are called this week.
THE Rangers are an ETERNAL ENTITY, apparently, & as such will go on forever, untouched by market forces, as purveyed by the MSM for public consumption.
Anyone who buys into this mince deserves to lose his shirt.
September 10, 2012 at 3:25 pm
Luke Warmwater
Simply put, if ‘Rangers’ the football club exists outside the supposed holding company (i.e. Rangers PLC 1899/The Rangers 2012) as the MSM and fans claim, then what would be the point in any of them buying shares? Go bust again, and again; who cares as long as eleven men in blue strips are playing at Ibrox? What IS a football club???
September 10, 2012 at 4:00 pm
Frankier
When is everyone of a Celtic persuasion, including the various joke Celtic supporters associations, the green brigade and Celtic themselves, going to get up off there ar$es and demand action from UEFA and FIFA and the answer to questions as to how this newco mob can get away with what they have got away with until now? Am I the only person to notice that they are still there stronger than ever and debt free? I see that one of Celtic’s recent signings was fined by Deportiva for showing a tee shirt with a slogan showing his hatred for Glasgow r”angers. And this was before Celtic had ever even heard about him. I would assume that this player was punished by his team to placate the governing bodies, so let’s get moving. If someone could furnish me with Platini’s address I will set the ball rolling myself. Sitting gloating over this mob’s misfortunes while they are laughing up their sleeves at us is a non-productive joke.
September 10, 2012 at 2:46 pm
mark odonnell
How many sevco fan’s do’s it take to change a lightbulb..Ten 1 to to change it and the other 9 to say its the same bulb…
September 10, 2012 at 2:08 pm
robert cochrane
phil,am a first timer a dont even know if am even filling this in rite not computer literae 55year old just learning sorry.let me know.
September 10, 2012 at 1:45 pm
Phil Mac Giolla Bhain
Came through loud and clear Robert :0)
September 10, 2012 at 3:42 pm
tallybhoy
Never had the pleasure of receiving a cheque from Fergus, Phil, although my oul’ dad did. I did, however, receive a letter from him in 1994 which was in reply to one I sent him shortly after he saved the club from potential liquidation.
The sum of £20 million pounds in new share capital that is frequently mentioned by Green, the msm, and others, is in my opinion pie in the sky!
Deluded I tell you!
I hear that ‘Downfall’ is flying off the shelves – no 1 bestseller?!
My copy is still sailing up the Amazon – hope it’s not been hijacked by pirates!
HH!!
September 10, 2012 at 1:44 pm
Paul Carroll
Sorry Phil but companies can only pay dividends out of profits earned. Apart from that keep up the good work. The Celtic family will help guide you. hail hail
September 10, 2012 at 1:36 pm
Phil Mac Giolla Bhain
Paul
My business analyst chap aid that due to a change in the companies act what had previously been “non-distributable reserves” are now freed up.
September 10, 2012 at 3:41 pm
tamtic
For Gods sake phil, gonnae no dae that! your warning them again of impending disaster and spoiling our fun when it finally happens. Let them all rush lemming like over the financial cliff as they”re too thick to see whats happening, and I still think Craigy boy is waiting somewhere with his hand out
September 10, 2012 at 1:31 pm
Doc
Mr Whyte is no fool. Companies House records others have published (and risked copyright infringement) have shown there are links. ‘Bomber’ Brown isn’t as stupid as he looks, acts, sounds or testing indicates
September 12, 2012 at 2:52 am
miscuse miscuse
nice one phil,i have one of those cheques myself from the co-operative bank,IT IS STILL IN THE FAMILY SAFE WITH THE SHARES CERTIFICATE “excuse the caps on” A NICE WEE MEMENTO FOR MA’ WEE BHOY WHEN THE TIME COMES CAN’T WAIT FOR THE BOOK, IT SHOUL BE HERE ANYDAY,TAKE CARE & keep em’comin’
September 10, 2012 at 1:29 pm
redversbodkin
ex’l'n’t post brother phil, surely Sevco fans are not that stupid to buy into this deal they didn’t in the past, & I don’t they will if & when this situation “ARISES”, rangers eh sevco fans maybe daft ,but they are also thrifty & quite cheap,although you never know, ”HE WHO KNOWS COMES TO MIND” strip them of the tainted titles,cups,etc etc, p.s. glad to see that bonniebagpipeland only got a DRAW v Serbia, can’t see them going to BRAZIL 2014,”Up The Republic”
September 10, 2012 at 1:21 pm
Ben mcginlay
Excellent Phil, I think most would not invest in the Newco. There is a lot of rocky ground and stumbling blocks to get over yet and potential investors and even fans buying in would not be convinced. The turnover at Ibrokes is a clear problem for them and why it hasnt been picked up on by the MSM is criminal on their part, but we know why. Administration on the horizon ?
September 10, 2012 at 1:14 pm
jinky44
The Green Green grass of home is turning brown!! Or maybe broonie!! <:o))
September 10, 2012 at 1:02 pm
Jim
Did Sir David not try and fail in a share issue with the former Rangers?
I believed that failed, like this one will fail too.
September 10, 2012 at 12:54 pm
Doc
The real ‘meat’ of this will be when it is announced who the underwriter of the share issue will be. I don’t think it will be BoS again.
September 12, 2012 at 2:47 am
Andybhoy
With tougher financial regulations on the AIM stock market,do you think there will be a flotation,,perhaps with the season ticket sales the books will look not to bad at the moment,but projected income over the next 2 to 3 years might not convince the city boys to let them in there club.
September 10, 2012 at 12:40 pm
Doc
Yes
September 12, 2012 at 2:44 am
Mouldy67
Phil
I have this thing with some of your posts, this one should be saved by us all, then in so many months time, reviewed and guess what
Phil told us this would happen just like your post from 11 th January 2009 the house of cards falling
Legendary
September 10, 2012 at 12:31 pm
Phil Mac Giolla Bhain
Thanks
September 10, 2012 at 12:36 pm
Stevie
Mr Green surely never.
They’re gonna get duped.
This story isn’t over by a long way Phil, a trilogy of books at the very least.
September 10, 2012 at 12:26 pm
Phil Mac Giolla Bhain
Any use of share capital raised discussed in the post would be entirely legal.
People gamble when they buy shares in a company.
September 10, 2012 at 12:29 pm
Kenny McCaffrey
Excellently put Phil.
Of course, there is ONE other use such funds can be put to – setting up a fund to start paying off all the businesses and individuals driven to near ruin by the actions of the club in its former life.
Surely such a gesture would give the Sevconians an excellent opportunity to show their contrit… sorry, scrap that, don’t know what I was thinking of.
Actually, almost every football fan (even non-fans) can see what Green’s up to – if the Sevconians can’t/won’t see what is so obviously happening then toughy t!tty.
They’ve had enough help in showing them what is going on from blogs like yours, RTC and Paul McC’s. Just let them find out the hard way.
September 10, 2012 at 12:26 pm
jimCB
It’s not easy being Green !
September 10, 2012 at 12:16 pm
lwordsblog
They say a Leopard never changes it’s spots.
They the ill fated ship(Sevconia) declare, they insist, they demand they be the same vessel, that old vessel, that broken stricken wreck run aground just short of smugglers cove.
Logical conclusion. Here we go again, same voyage, same course.
September 10, 2012 at 12:15 pm
Been there...
If the Rangers fans don’t think openly and seriously before investing then they will undoubtedly get what they deserve. Again. All of the warning are there. The dangers of what’s likely to happen have been described to them in detail.
Will they just shout WATP and open their wallets without thinking only to be heard moaning a short while later “it was just one man who did it to this club. How were we supposed to know what he was up to”.
I spent a good chunk of Saturday in the pub arguing with a very intelligent Rangers fan. The positions this guy was taking on what’s happening to his team were almost beyond belief. This is a really sharp guy and yet he, like almost all of them, appears to completely abandon his education and sense of reasoning as soon as matter turn to “whit they’ve done to us”.
I have never seen a phenomenon like it. Mass delusion on a grand scale. I just can’t get my head around it.
September 10, 2012 at 11:47 am
Kieran Shellon
I have very little doubt Phil, that what is happenening is that Sevco and Green are mobilising ready to raise funds. Why?
To pay off Sevco’s clients who are ultimately Ticketus/Octupus.
September 10, 2012 at 11:39 am
charlie o hare
Phil , can you open a Downfall page on Facebook, then we can all like it as a book and get it added to our time lines, get it out there ever way you can,
September 10, 2012 at 11:36 am
Neil
“formerly know as Sevco” lol
sorry Phil, when did you say your sequel was coming out ;0)
September 10, 2012 at 11:30 am
Luke Warmwater
The Green shoots the recovery
September 10, 2012 at 11:15 am
Phil Mac Giolla Bhain
Love it :0)
September 10, 2012 at 11:17 am
timabhouy
Doomed i tell ye Doomed !
September 10, 2012 at 11:04 am