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    Comment on Bad Money? by Cluster One.

    easyJambo 7th August 2019 at 11:43
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    Thanks for clarification.
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    Club 1872 now holds approx 6.4% of RIFC shares. You only need 5% to raise a motion at a GM or AGM.
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    Any more dillution to less than 5% and they can’t(even with the money they have spent) and they won’t be able to raise a special motion.And if they had 5% and wanted to raise a special motion for any reason, king and co hold enough power to block any special motion if raised.
    Am i on the right track?

    Cluster One Also Commented

    Bad Money?
    easyJambo 7th August 2019 at 13:45

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    I believe that the haste is which the conversions were carried out makes it likely that UEFA had insisted on the debt reduction as conditional to the granting of UEFA licences over the last two seasons. UEFA does not allow for excessive losses to be covered by loans under FFP rules, although equity investments are acceptable.
    ……………..
    My thoughts also. I believe that the haste in which the conversions were carried had a reason for said haste. And makes it likely as you say UEFA had insisted on the debt reduction as conditional to the granting of UEFA licences.
    If Ashley hits them with a large bill and things don’t go too well on the pitch, and the money just is not coming in that they hoped.
    Just how many are willing to give loans for a debt for equity swap to get the granting of a UEFA licence?
    If they qualify next season that is.


    Bad Money?
    easyJambo 7th August 2019 at 00:06
    so more than enough to vote through anything they want.
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    Could that include a nice pay rise, a renaming of ibrox, selling off some assets?
    ….

    Enough to vote through anything they want.And would i be correct in saying (and happy to be corrected)that club 72 shareholding is now so low that they now can’t call an EGM if king and co start to vote through anything they want and the fans start to not like what they (king and co) are voting through.


    Bad Money?
    easyJambo 5th August 2019 at 21:14
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    More of a rush than a crush.


    Recent Comments by Cluster One

    Celtic’s Questions to Answer
    John Clark 17th November 2019 at 22:48
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    Thanks for link.


    Celtic’s Questions to Answer
    https://twitter.com/ClusterOne2/status/1195816946094235648/photo/1
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    upthehoops 17th November 2019 at 20:27
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    From the wee tax case Aug 15, 2011


    Celtic’s Questions to Answer
    upthehoops 17th November 2019 at 20:27
    On a general note, if any football club is behind on tax how long would HMRC wait before taking action?
    …………………..
    https://twitter.com/ClusterOne2/status/1196168111667458048/photo/1
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    The enquiry commenced in Jan 2004, sheriff officers arrive Aug 10 2011.
    ……….
    Would be shorter i believe if just your normal none payment of tax


    Celtic’s Questions to Answer
    Oh! JC 

    since you are about, i have been reading with interest in your quest for trying to get a responce.
    ………..
    John Clark 15th November 2019 at 23:12
    Right! Not having received any reply from either of the two email addresses of the FCA, I have sent this email to the Clerk of the Treasury Committee.
    ….
    Briefly, on 25 June I wrote to the CEO of the FCA suggesting that the FCA may have been in breach of its statutory duty in the matter of the authorisation of the Prospectus for an Initial Public Offer of a particular company.
    …………..
    That got me thinking (I know, i know)
    I have had a look but could only find this.

    SEVCO & THE ELEPHANT IN THE ROOM


    Realizing the significance of what he was telling Lord Doherty, Brown continued: “I realize that Rangers being the same club is a matter of life and death to some, but it wouldn’t be a proper legal case without the elephant in the room getting mentioned.The team are paid by Sevco, play at a ground owned by Sevco, trained by a manager who is employed by Sevco, fans buy tickets from Sevco. Rangers was a basket of assets that could be sold, but these were not indivisible.The players went one way and the ground another, where is the “club” then?”
    ………
    You may be better placed to find the court transcripts better than me.
    But to get to my point, and i don’t know if it will help you or not?
    In trying to sell the prospectus to investors Mr Green is telling them it is the same club, but in another court case his lawyer is stating the players are paid by sevco etc.etc.


    Celtic’s Questions to Answer
    John Clark 17th November 2019 at 19:46
    I once told someone i had a big shed. One day i may even get time to get it all in order, but events keep adding to it;-)