FSA not too pleased with Mr Green

I am hearing from city sources that Charlie has not had a good week.

The Daily Record story that Sandy Easdale, who had been jailed in the late nineties for his role in a VAT scam, was rather embarrassing, but no more than that.

Unlike Rangers (1872-2012) Mr Easdale has paid his debt to society.

However, an interesting little piece of collateral damage to Charlie’s Grand Plan was that those forensic chaps at the Financial Services Authority were rather dischuffed about the whole show.

Apparently one must not do this type of road show without first having an approved prospectus.

That vital document should have been published some weeks ago.

It is probably just an administrative backlog that has prevented all those eager investors and pension fund managers from feasting their eyes on page and pages of rock solid financial details.

One wonders if Jim Park, the twice bankrupt consultant who has been a director of a series of failed firms, had been the man to open the doors of Ibrox to Mr Easdale. As you may remember, I revealed in August that the colourful Mr Park had the ear of Charlie and was guiding him on a consultancy basis about investors.

Will Mr Park feature in the glossy prospectus when it is made available?

One thinks not.

43 thoughts on “FSA not too pleased with Mr Green

  1. garry mclaren

    hh,
    if rangers had sent out a couple of bruisers to collect their free loan payment premiums from the partaken players then they might not be ,as we speak,deceased!!!

    Reply
  2. MartyMcFlu

    Re: Happy Birthday Rangers. They’re dead. When there is a death it is traditional to celebrate the anniversary of the deceased. Or even the ‘Months Mind’ if you are of the Roman Catholic faith. How sad some are in so much denial.

    Reply
  3. tcup2012

    Southside
    celebrate rangers 140 years Dance sing party Have a great time 😉
    Then next year celebrate 140 years again and the following year celebrate 140 years again and so on and so on Yes rangers had 140 years but unfortunately for you and the fans it can never and Will never be added to.So as i said CELEBRATE :) follow your club And start a new fresh history Hopefully with out the baggage of the previous entity :) Now is the chance for the Decent Football supporters of the previous entity To stand up be counted and SILENCE THE VOICE OF THE SO CALLED MINORITY! Will this happen sadly NO :( but i live in hope. Now go celebrate but celebrate your new beginning and chance of a fresh start at the same time

    Reply
  4. lordmc

    cant make up my mind about the share issue, £22 million sold already, = 1/3 GREEN wanting another 1/3 to be sold. who will inherit the last 1/3, and have the controling interest.
    If Green has part of the first share issue, looks to me the first 1/3 share holders, will want to cash in from the money that the second shares issue brings in, or could it be that BOMMER, King,Murray, and the Blue Knights, get the club back for £20 MILLION if they take up this offer to invest.

    Reply
  5. beejer

    Southside,Q :why are you in the third division ?
    A : because you are a new club . Q :why are you not in Europe ? .A : because you are a new club .Q : why will you not be celebrating 140 years next week A : see above

    Reply
  6. Frankier

    I would like to know what figures are down on the annual P60s of the employees of the old dodos. You know, the ones who had their tax and NI contributions deducted but never paid to HMRC. If zero pounds are entered in the box, then surely these employees must still owe the tax to HMRC and the unpaid NI contributions could affect future benefite.

    Reply
  7. Eamon Ó Maolmhuaidh

    How many TRFC fans does it take to change a light bulb?

    50 000 .1 to change it and 49 999 to insist it’s the same bulb.

    Reply
  8. MartyMcFly

    Al, I think you miss the point. Like most of the Sevconian Klan it is all about you ‘Pepul’ turning up to watch a team in blue, at Ibrox, willing your mind to accept that you are watching Glasgow Rangers. You are not. You are watching a clobbed together 2-bit team who are called… never mind. Your brain will refuse to accept fact!

    Reply
  9. JP

    Al. In short. Your post is like such that is printed by the MSM although their use of spelling, grammar and punctuation is markedly better than yours.

    Al please get this straight: your club has died. It’s as dead as Woolworths, Pan-am and Third Lanark whilst your new club Is playing in the bottom tier of the Scottish game and money is quickly diminishing.

    TIK TOK
    TIK TOK
    TIK TOK

    Reply
  10. Vinnie

    Al, is education totally out of your question ??
    We all love our teams, but sometimes, humility, honesty, admittance of guilt,…………….ad infinitum – qualities without which your verbal crap just falls on like-minded idiots. Make real sense or go back to school.
    Vinnie.

    Reply
  11. Brendan

    Al
    If that’s the best illiterate rant you are able to muster then I strongly suggest you think twice before posting on this blog ever again, quite simply your post is embarrassing in the extreme, yourself and the rest of your kind have been living in denial since day one of this sorry debacle, Charlie is taking you and yours for the biggest ride of your life’s and I for one can’t wait to until he pulls it off, until then FOLLOW FOLLOW!!

    Reply
  12. Mac Tomas

    Al
    “your club has no debt”. Are you actually proud & pleased about that ?. Creditors, small businesses up & down the country out of pocket in the middle of the worst recession since the 30’s, because of ‘your club’!. It’s clear the arrogant swagger of the Follow Follow family is alive & marching again.
    BTW which club do you mean , oldco or sevco ?. Are you still buying the propaganda that they are one & the same ?.

    Reply
  13. andy murray

    I think we are just waiting on the bomber brown dotting i`s and crossing the t`s Phil, am sure he will have it inhand!

    Reply
  14. Galbhoy 75

    Ha ha al a laugh at ur pain stupid sevcoians …. Love all that we have no debt we own our own stadium crap….. More like u stuffed all the creditors and your precious queen and country …can a ask am in 4 £10,000 in sevco shares along with many other good tims…. How much are u in 4……

    Reply
    1. Jonjo Mc D

      I’m in for £7162worth….. I just like those numbers. Some other altruistic friends are in for £000’s too, what are we like?

      Reply
  15. Kerrygirl

    Once again we hear the words “great institution”, history that includes the exclusion of RC,s and the avoidance and non payment of tax and NI,if the previous owners had thought for a minute they would win the BTC , why would they offer 10million to settle? And when will there be sanctions from HMRC to recover monies due during Mr Whites watch ,,,,, is this all just going to be air brushed out of history .as you say Phil Chuck has had a free rein, snapped up the stadium and training ground on the cheap when these assets should have been auctioned off in order to secure funds for creditors, take the BTC out of the equation how much did rangers owe, 24 mill to ticketus 15mill to HMRC 2mill to the vat and what to all the others,can anyone tell me?

    Reply
  16. Neil

    Phil,

    I know a lot of people will disagre with me but I genuinely hope they go bust and out of business totally.

    If not I will accept lower divisions just for the fun of it.

    Great view here from the “front” of the bus ;0)

    Reply
    1. Phil Mac Giolla BhainPhil Mac Giolla Bhain Post author

      That is very unlikely to happen.
      Sevco is not burdened with the historical liabilities of Rangers.
      I do believe that the new club does have cash flow issues looming and they will need to impose austerity measures.
      They are free of “external debt”, but the original private investors will want their money back and then some.
      Currently I don’t think the numbers stack up long term.

      Reply
    2. Neil

      Yes maybe a bit flippant of me Phil, but I believe without them Scotland would fair better socially, the only draw back is the minority that go under ground and we have a mini Ulster issue, with people like us being targeted regularly???

      Reply
  17. Steven brennan

    Phil
    Can Charlie and his bhoys do the share issue without a prospectus?
    The financial ombudsman must be watching.
    The delightful owner of Mcgills bus company fits the required” dodgy person wanted” ad that Mr Green appears to have been circulating.
    Oldco newco tesco!!!

    Reply
    1. Phil Mac Giolla BhainPhil Mac Giolla Bhain Post author

      No, a published prospectus is required.
      There is no suggestion from me that Mr Green does not intend to publish such a document.
      I am sure that it will be out there in the fullness of time.

      Reply
  18. Ben mcginlay

    Look up controversy in the dictionary and you will find Oldco, Newco or Sevco. To their followers it is just business as normal and with support from the MSM it is nothing out of the ordinary or scandalous. Welcome to the Twilight Zone

    Reply
  19. droid

    Is there any truth that ASDA will be involved with sevconia? I’m terribly confused as earlier this year there was abundant talk of Tesco redeveloping the brownspace #clubcardpointsexchange #whydidntwethinkofthis

    Reply

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