Podcast Episode 2 – Stuart Cosgrove

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Podcast Episode 2 – Stuart Cosgrove

SFM PodcastOur latest podcast features Big Pink chatting to Stuart Cosgrove.
The discussion focuses on the role and impact of social media in sport, but also includes Fair Play, Leadership, Interdependence, Rangers, Celtic, St. Johnstone, Forgiveness – and Bruce Springsteen!

The link below is to the iTunes store page for our Podcasts. If you go there, you can subscribe to the podcast (on your PC or iPhone) and new episodes will automatically be sent to you.

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Trisidium administrator

Trisidium is a Dunblane businessman with a keen interest in Scottish Football. He is a Celtic fan, although the demands of modern-day parenting have seen him less at games and more as a taxi service for his kids.

308 Comments so far

allyjambo

allyjamboPosted on9:41 pm - Feb 26, 2014


barcabhoy says:

Wednesday, February 26, 2014 at 21:03

Totally agree with everything you say there, barcabhoy, though my main point was that, regardless of King’s, or anyone else’s, wealth, the Budge financed plans seem to have been well in advance of the administration at Hearts. Well planned and executed with absolutely no doubting the sincerity of the main movers, with the only one who’s character was questioned being Ian Murray, and that solely on the grounds he was an MP 😉 The PR flannel was minimal and basically ‘lets all roll up our sleeves and get busy’ with absolutely no suggestion that it’ll be alright in the end because we’re Hearts. As has been put forward so often, it is the WATP attitude that is holding them (TRFC) back, again and again, and they clearly believe King will be their ultimate saviour.

Whether or not he has a viable plan already in place, he really must have the money at his disposal now, or his latest PR outpouring of Rangersness will only result in administration, and perhaps liquidation, which is more and more looking like his real plan all along. And what does liquidation matter to him? Whatever way he sees it, it’s either the same club that survived liquidation, and so will survive it again, or it’s a new Rangers, and so it won’t matter if it dies, so long as he can fool the bears into accepting HIS Rangers as being their Rangers.

I bet he just can’t wait to hear, not the CL anthem blaring out at Ibrox, but, instead, 40,000 voices singing ‘God Save The King’! For if this spiv has one emotional incentive in saving ‘Rangers’, it is for his own aggrandisement.

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FairBairnPosted on9:46 pm - Feb 26, 2014


Test

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FairBairnPosted on9:47 pm - Feb 26, 2014


Re: Usernames. This is my post of 13:33 which was in moderation for ages.

Anonimity is good practice on the WWW, generally. I am on a forum which deals with speciallity in engineering where the majority use pen names. There is no danger from other posters but you would end up getting spammed non stop. The nuisance is from the internet. It’s the way it is.

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barcabhoy

barcabhoyPosted on9:50 pm - Feb 26, 2014


upthehoops says:
Wednesday, February 26, 2014 at 21:26
0 0 Rate This
barcabhoy says:
Wednesday, February 26, 2014 at 21:03
=====================================
Isn’t Stewart Milne fairly wealthy, i.e, at least up there with Anne Budge?

———-

There is a difference between having a pile if cash from having sold a good business and having a pile of shares from not having sold it.

Milne is in the latter category. Clubs need cash , and significant cash can only come from the former.

The banking environment has completely changed since Milne bought the Dons

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StevieBC

StevieBCPosted on10:07 pm - Feb 26, 2014


barcabhoy says:
Wednesday, February 26, 2014 at 21:03

The PR companies for ego driven individuals such as…Michelle Mone have spun so much garbage that people who don’t understand company valuations , can end up accepting this valuation as fact…

Mone is even more ludicrous . Her claims that her business is worth £50 million is utterly ridiculous…
=================================

Another good reason for anonymity: we can ask each other cheeky questions like the following…

bb, it is noticeable that you get excitable 🙂 whenever Michelle Mone’s grossly exaggerated business acumen and wealth are mentioned.

If your own anonymity allows it : have your ‘paths crossed’ in the past – and are you able to share anything with your fellow Bampots ?

I think we should be told… 😉 [Or just tell me to p*** off.]

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Sugar DaddyPosted on10:16 pm - Feb 26, 2014


I cant see how DK wins this game of chicken.

It is clear many on the board of RIFC couldn’t give a goat nor apron as to the future wellbeing of TRFC. The fans may well boycott ST sales but to what end?

The directors move the properties from TRFC to RIFC. TRFC goes into admin, cheerio players, staff and the bulk of the cost base.

A clock starts ticking as Rangers³ needs to be able to field a team for the start of the season.

Spivs tell DK he can have TRFC’s licence to play in the Championship for the price of a hamburger as well as how much the annual rent is to play at Ibrox on a FRI basis. Likely to be equivalent to several McDonald’s franchise stores.

Your move Dave.

Alas the spivs have already won.

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Lord WobblyPosted on10:16 pm - Feb 26, 2014


barcabhoy says:
Wednesday, February 26, 2014 at 21:50
upthehoops says:
Wednesday, February 26, 2014 at 21:26
0 0 Rate This
barcabhoy says:
Wednesday, February 26, 2014 at 21:03
=====================================
Isn’t Stewart Milne fairly wealthy, i.e, at least up there with Anne Budge?
———-
There is a difference between having a pile of cash from having sold a good business and having a pile of shares from not having sold it.
Milne is in the latter category. Clubs need cash , and significant cash can only come from the former.
~~~~~~~~~~~~~~~~~~~~~~~~
Clubs need to live within their means first and foremost. Every club. Without exception.

If they get someone who is willing to top that up with a Brucie bonus then good luck to them, but the club must be able to survive in the event that the benefactor withdraws (or is withdrawn).

Milne may not be what Dons fans would ideally wish for, but he is at least a steady eddy.

Can you image the mess if someone like Donald Trump had gotten hold of them?

Give me a Milne, or a Thompson, or a Desmond, or a Turnbull all day long.

PS. I don’t know Budge apart from what I’ve read, but I like what I’ve read. I have a feeling she will do very well indeed. If she’s allowed…

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paulsatimPosted on10:19 pm - Feb 26, 2014


StevieBC says:
Wednesday, February 26, 2014 at 22:07

Are you trying to create a storm in a DD cup?

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Lord WobblyPosted on10:28 pm - Feb 26, 2014


paulsatim says:
Wednesday, February 26, 2014 at 22:19
StevieBC says:
Wednesday, February 26, 2014 at 22:07
Are you trying to create a storm in a DD cup?
~~~~~~~~~~~~~~~~~~~~~~~~
Are you trying to basque in their glory?

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StevieBC

StevieBCPosted on10:30 pm - Feb 26, 2014


Fro the avoidance of doubt: I gave you a TD for that effort LW !

Just being up front.

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Lord WobblyPosted on10:32 pm - Feb 26, 2014


StevieBC says:
Wednesday, February 26, 2014 at 22:30
Fro the avoidance of doubt: I gave you a TD for that effort LW !
Just being up front.
~~~~~~~~~~~~~
You don’t need any support.

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barcabhoy

barcabhoyPosted on10:37 pm - Feb 26, 2014


StevieBC

I have an aversion to egotistical bullsh****rs. I also have an aversion to fantasists.

nothing more.

if the media are going to put up aspirational role models then at least put up ones with some credibility. Ann Budge’s story is a million times more worthy than Michelle Mone. Serious business people, at least the ones of my acquaintance look on Mone as a joke. I suspect the media are now coming round to that viewpoint as well

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jean7brodie

jean7brodiePosted on10:39 pm - Feb 26, 2014


paulsatim says:
Wednesday, February 26, 2014 at 22:19

Lord Wobbly says:
Wednesday, February 26, 2014 at 22:28

StevieBC says:
Wednesday, February 26, 2014 at 22:30
———————————————————-
Knickers to all of you!!!!

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Lord WobblyPosted on10:40 pm - Feb 26, 2014


Right…ok…I’ll say it…

What about the diddy teams?

😀

(PS I hope Jean and Brenda aren’t lurking!)

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Lord WobblyPosted on10:42 pm - Feb 26, 2014


Whoops! Too late!

Sorry Jean

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jean7brodie

jean7brodiePosted on10:46 pm - Feb 26, 2014


Lord Wobbly says:
Wednesday, February 26, 2014 at 22:40
————————————
Yes my Lord I’m here!!!!

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allyjambo

allyjamboPosted on10:53 pm - Feb 26, 2014


For the record, Ann Budge doesn’t appear to be intending to bankroll Hearts, rather to bankroll the supporters to buy Hearts. She will be CEO for 4 or 5 years; what happens after that, I suppose, will depend on developments/progress. There has been minimal information, and no misinformation, during the whole process, due to understandable desires for discretion throughout the negotiations, which has been strangely reassuring. The discreet, dignified manner in which this lady has carried Hearts towards (hopefully) safety/survival should be a lesson to Mr King, though I doubt he measures dignity by anything other than brown brogues and discretion will only be something he expects from others, to be used to his own ends.

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Lord WobblyPosted on10:58 pm - Feb 26, 2014


jean7brodie says:
Wednesday, February 26, 2014 at 22:46
Lord Wobbly says:
Wednesday, February 26, 2014 at 22:40
————————————
Yes my Lord I’m here!!!!
~~~~~~~~~~~~~~~
Keeping us in suspenders as always…You garter be more up front 😀

But enough of that. JC is back from the pubic gallery

Public. He’s back from the public gallery. (wipes brow smiley)

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easyJamboPosted on11:08 pm - Feb 26, 2014


john clarke says:Wednesday, February 26, 2014 at 22:39

Keep up the good work. It’s most appreciated.

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Lord WobblyPosted on11:13 pm - Feb 26, 2014


allyjambo says:
Wednesday, February 26, 2014 at 22:53
For the record, Ann Budge doesn’t appear to be intending to bankroll Hearts, rather to bankroll the supporters to buy Hearts. She will be CEO for 4 or 5 years; what happens after that, I suppose, will depend on developments/progress. There has been minimal information, and no misinformation, during the whole process, due to understandable desires for discretion throughout the negotiations, which has been strangely reassuring. The discreet, dignified manner in which this lady has carried Hearts towards (hopefully) safety/survival should be a lesson to Mr King, though I doubt he measures dignity by anything other than brown brogues and discretion will only be something he expects from others, to be used to his own ends.
~~~~~~~~~~~~~~~~~~~~~
I imagine that Budge’s focus is very different from King’s.

Budge wants the best for her club. That is the be all and end all for her.

King wants what is best for his club provided it gives him an edge.

The same is true of every single person involved with the Ibrox club.

That is the difference.

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John ClarkPosted on11:20 pm - Feb 26, 2014


Lord Wobbly says:
Wednesday, February 26, 2014 at 22:58
‘..Public. He’s back from the public gallery. ‘
————
Yep, back in the bosom of my family.

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iceman63Posted on11:20 pm - Feb 26, 2014


A note of thanks to JC. Clarity personified in court reports. Whole blog is indebted to him.

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Lord WobblyPosted on11:24 pm - Feb 26, 2014


iceman63 says:
Wednesday, February 26, 2014 at 23:20
A note of thanks to JC. Clarity personified in court reports. Whole blog is indebted to him.
~~~~~~~~~~~~~~~~~
Indeed.

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allyjambo

allyjamboPosted on11:29 pm - Feb 26, 2014


John Clarke, another magnificent effort, just don’t know how you manage it.

To the layman, there does seem an awful lot that the majority judges failed to address in their ruling (though that impression might be blown asunder by the RFC/MG representative). So much so, that I’m inclined to wonder if it was perhaps deliberate on their part, not to let RFC/MG off, but to set up the appeal which might suit HMRC’s purposes to enshrine the ruling as precedent (as suggested might happen by some learned posters on RTC before the tribunal sat).

Anyway, another great read, John, you are really giving the MSM a lesson in journalism.

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allyjambo

allyjamboPosted on11:43 pm - Feb 26, 2014


Lord Wobbly says:

Wednesday, February 26, 2014 at 23:13

I imagine that Budge’s focus is very different from King’s.

Budge wants the best for her club. That is the be all and end all for her.

King wants what is best for his club provided it gives him an edge.

The same is true of every single person involved with the Ibrox club.

That is the difference.
____________________________________________

And it’s the WATP attitude of all the true Rangers people that gives King and his like all the advantage they need. Every would be saviour was questioned (figuratively) by the Hearts support, even FoH, dubious of every promise made. Lessons had been learned from the Romanov years, very unpleasant lessons, but even the most financially unsavvy of the support realised that if something sounds too good to be true, then it probably is. The Rangers/TRFC support still don’t appear to have learned that lesson.

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AuldheidAuldheidPosted on12:03 am - Feb 27, 2014


John Clarke 22.39

Most excellent!

Anyone

” Mr C’s admission of not knowing in detail how the scheme operated, ”

Anybody any idea who Mr C is?

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paulmac2Posted on12:10 am - Feb 27, 2014


john clarke says:
Wednesday, February 26, 2014 at 23:20
…………………….

I whole heartedly appreciate your efforts to not only attend but summerise so well the proceedings…

I am a tad surprised though that you are the only member of the public who has attended…if you catch my drift..

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barcabhoy

barcabhoyPosted on12:16 am - Feb 27, 2014


Texans have a saying that covers Dave Kings aspirations for Rangers

It is putting a $100 saddle on a $20 horse.

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BrendaPosted on12:28 am - Feb 27, 2014


Me too 🙂

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thomthethimPosted on12:31 am - Feb 27, 2014


John Clarke,

Bravo

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bogsdolloxPosted on12:36 am - Feb 27, 2014


Castofthousands says:
Wednesday, February 26, 2014 at 21:32
++++++++++++++++++++++++++++++++++++++++++++++++++++

Good post and thanks for taking the time to construct a strong and reasoned response to the anonymity question. I’m not going to engage further on this subject but I had hoped to get a response like yours long before now, instead of accusations of being a troll which quite often on here is a substitute for proper debate.

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paulmac2Posted on12:42 am - Feb 27, 2014


barcabhoy says:
Thursday, February 27, 2014 at 00:1
Texans have a saying that covers Dave Kings aspirations for Rangers

It is putting a $100 saddle on a $20 horse.
……………………………………..

I would liken it more to being asked to pay 3 grand a year for fully comp insurance on a car worth 200 quid…and depreciating

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barcabhoy

barcabhoyPosted on12:45 am - Feb 27, 2014


John Clarke

I salute your stamina. Great job

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upthehoopsPosted on7:09 am - Feb 27, 2014


So the media have not been attending the UTTT. Any chance they will avail themselves to it more when the QC for Rangers presents his case? They may prefer his message.

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Danish PastryPosted on7:17 am - Feb 27, 2014


john clarke on Wednesday, February 26, 2014 at 22:39
71 1 Rate This

… There is nothing terribly exciting about this mornings doings in the UTTT ….
———–

Well, having followed all this for so long, your reports are ‘exciting’. John, are they still referencing the original witnesses by their ‘colourful’ names, to disguise real identities? Since this appeal is in public I had imagined that the witnesses real names were being used?

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andy graham (@andygraham66)Posted on8:14 am - Feb 27, 2014


On the point of the media not attending, darling of twitter and the one guy in the media who seemed to get the most abuse, (mainly to be fair to him because he would always answer that abuse) Grant Russell, was there and reporting on screen for STV news.

Up until now he has been a keyboard warrior but he has now been promoted and last night did the report on King rather than the following day of the UTT

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tykebhoy

tykebhoyPosted on9:02 am - Feb 27, 2014


upthehoops says:
Thursday, February 27, 2014 at 07:09
================
Won’t Jack be writing their opinion on the case for RFC? 😉

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bartinmainPosted on9:10 am - Feb 27, 2014


Just like to say a belated thanks to John Clarke for reporting from the UTT. Great job and much appreciated, even more so in light of fact that Scottish MSM (STV apart) are so arrogant, lazy and ignorant.

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100bjdPosted on9:15 am - Feb 27, 2014


I know which one my money is on!

Quantcast
nawlite says:
Wednesday, February 26, 2014 at 16:51

bogsdollox says:

Wednesday, February 26, 2014 at 13:54

You need to learn to distinguish between a point of principle and a personal opinion.

Sorry, I didn’t understand this. So are you the principled champion of transparency ploughing a lone furough, or are you the guy with the personal opinion of “I’m not too bothered one way or the other”?
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
For what it’s worth I’m both.

I believe there are important principals of transparency and accountability that it would be useful if the blog explored. (this one is the point of principle). I accept the blog doesn’t want to and will say no more – but it does concern me.

I also believe, as I have stated in more than one post already, that it is an individual decision for bloggers to make for themselves.(this one is my personal opinion)

So we could have a blog where some might give up their anonymity whilst others don’t . I can live with that.

——————————————————————————————————————————
In a utopian world people should be able to speak truthfully, having knowledge of or researched the subject they wish to discuss. This is not a utopian world and never will be so my vote is to continue anonomynity.

Let me give you an actual example-: This is an article I wrote which appeared on the late and much missed Paul Mc Conville’s site-:

Imran Ahmad of Rangers – The Portfolio of His Former Co, Allenby Capital, by 100bjd

Having been stimulated by Ecojon’s focus on Imram Ahmed I commented last week about his previous company Hoodless Brennan who were pretty notorious for boiler room tactics on AIM and Plus market shares. I was not suggesting any such situation with Rangers although in fairness the tactics of boiler rooms are to attack and pressurise private investors. There is usually never any institutional involvement in these situations for obvious reasons ie the institutions are not usually stupid.
Rangers fans, I am sure, are not stupid either, although they want to believe badly. Boiler rooms use hooks on people such as greed, pressure, threats etc and “believe badly” could be considered a hook in my opinion.
We have all been following the insane antics of Charles Green as he attempts to get Rangers fans believing in him. I do not have to name all his quotes otherwise I would be rivalling Tolstoy. I will quietly mention that it must have been difficult for Chic to first get involved with Zeus in february as he claims when I note that Imran only joined Zeus in April!
Imran left Hoodless Brennan to form Allenby Capital and had 80% of the share capital having invested £200k. He was quoted at the time as “wanting to do things differently”. A fair enough comment given the reputation of twice FSA fined Hoodless Brennan.
So I thought I would have a look at the Allenby portfolio and measure its success. Firstly however I was interested why Imran had sold his company. Companies house now reveals the two new joint owners of Allenby as being HB Markets PLC and Appleby Trust Jersey……..HB is short for Hoodless Brennan…..and Coybig revealed yesterday that Mr John Patrick Brennan was on the board of Simply Stockbrokers who are handling Rangers internet share dealing. I conclude therefore that Imran and Hoodless Brennan are still associated and working with each other.
Before I list the portfolio I have to say that I have tried to obtain the starting share positions on the portfolio and the latest traded position today. These companies are all AIM penny shares and have had plenty of advisers so Allenby are not responsible for some of the drastic figures I am going to detail. I mention dilution a lot in this portfolio and it basically means that when a company needs cash it has to create new shares to sell thus diluting the existing shareholders.
Rangers are a classic example in that the company has circa 22m shares with a value (set by Chic!) at £20m. He needs to create another 22m shares to raise cash (for what ever purpose) thus diluting the existing shareholders. On a general positions lots od dilutions are bad news as this means the companies need CASH and have to sell more shares to keep going or in a more positive view acquire or invest.
I will start off with the Allenby quoted portfolio-:
3D DIAGNOSTIC IMAGING Health Care Equipment & Services 3DD
AFC ENERGY Technology, Hardware and Equipment AFC
ATLANTIC COAL Mining ATC
AVIA HEALTH INFORMATICS Software & Computer Services AVIA
BRADY EXPLORATION Natural Resources BRDY
CELLCAST Media CLTV
EMPRESARIA GROUP Support Services EMR
EVOLVE CAPITAL Financial Services EVOL
GEM BIOFUELS Food Producers & Processors GBF
GLOBAL LOCK SAFETY (INTERNATIONAL) GROUP Support Services GLOK
ILIKA Alternative Energy IKA
IPSO VENTURES Financial Services IPS
JELLYBOOK Media JELY
LED INTERNATIONAL HOLDINGS Technology, Hardware and Equipment LED
MEDILINK-GLOBAL UK Support Services MEDI
MERCHANT HOUSE GROUP Financial Services MHG
MOBILITYONE Support Services MBO
MONEYSWAP Financial Services SWAP
MTI WIRELESS EDGE Technology, Hardware and Equipment MWE
NASSTAR Technology NASA
NOVENTA Mining NVTA
PALACE CAPITAL Insurance PCA
PROTON POWER SYSTEMS Alternative Energy PPS
RESOURCE HOLDING MANAGEMENT Media RHM
RTC GROUP Support Services RTC
SERVISION Technology, Hardware and Equipment SEV
STRATEGIC MINERALS Metals & Mining SML
STRATEGIC NATURAL RESOURCES Mining SNRP
TEJOORI Investment Services TJI
THE WEATHER LOTTERY Gambling TWL
TRICOR Technology TRIC
URALS ENERGY Oil & Gas Producers UEN
VANE MINERALS Metals & Mining VML
XG TECHNOLOGY INC Technology XGT
3D Diagnostic Imaging – no profits ever recorded, share dilution of 3x floated at 6p now trading at 0.125p
AFC Energy – never profitable, shares diluted 3x. Placing in 2008 at 11p per share and currently trading at 35p
Atlantic Coal – never made a profit in seven years, 10x share dilution. Placed by Hitchens (ex employer of Chic) at 2p currently trading 0.305p
Avia Health Informatics – no profits ever recorded, shares heavily diluted, raised start monry at 60p now trading at 7.5p
Brady Exploration – no profits ever recorded, heavy share dilution, raised original funding at 115p…this is a long story. This company used to be called Capscon…do not go there!
Cellcast – made a maiden profit last year for the first time since its inception in 2005. The really interesting thing about this company was that they announced that their brokers name had changed from HB (Hoodless Brennan) to Allenby……….A name change!!! Very odd and a matter of public record via Reuters News Service. Oh yes the shares are diluted 3x and their profit was the first in seven years. The original placing price in 2005 was 75p. Todays price is 1.05p
Emprassario Group – Profitable company, share dilution 2x, current price 23p original placing price of 28p in 2009.
Evolve Capital – Well this one will be good! No profits since 2008 inception. Raised capital at discounted rate of 5p in 2010..the price at the time was 1.75p! This company owned a majority shareholding in the infamous Astaire Securities who were heavily fined by the FSA for share misuse regarding one of their clients……WORTHINGTON NICHOLLS PLC…..remember Craig Whytes pension fund fiasco………conclusion of course that all these players Whyte, Imran, Hoodless Brennan and Astaire are all linked… indisputable!
Gem Biofuels – No profits ever since inception, share dilution, placed originally at 12.5p trading today at 1.38p……….hang on stop press Share is SUSPENDED
Global Lock Safety International – Fairly profitable, current share price 4.5p, originally placed at 13p
Ilika – no profits since inception since 2010, current price 38.5p, original placing price of 51p
IPSO Ventures – no profits since inception in 2007, shares diluted 3x, currently trading at 1.55p and originally placed at 85p
Jellybook – 2011 floatation at 10p now trading at 5.08p
LED International – Hugely unprofitable in four out of the last five years. Share dilution 4x. Floated at 10p now trading at 0.295.
Medilink Global – This company was suspended this year for three months for late filing. Current share price at 1.75p, was floated at 18p
Merchant House – Craigiebhoys own company, never made a profit in seven years, share dilution of 10x trading at 0.0425…. Dying any time now.
Mobilityone – marginally profitable, no share dilution, currently trading at 3.50p originally floated at 12.5p
Money Swap – entered AIM in 2011 at 5p now trading at 2.75p
MTI Wireless Edge – profitable Israeli company entered AIM in 2006 at 39p, currently trading at 5.75p
Nasstar – one annual profit in seven years, placing in 2008 at 28p now trading at 11.62p
Niche – total disaster now cancelled on AIM
Noventa – seven years of losses, share dilution 2x, share price on float was 8p, now trading at 3.38p
Palace Capital – share dilution x2 , suspended last year. Placing in 2011 at 2.25p currently trading at 2p.
Proton Power Systems – no profits since inception in 2006, share dilution 30x, float price in 2008 was 80p
Resource Holding Management – profitable company trading at 15p after floatinf in 2008 at 10p………….RESULT!
RTC Group – I did not know that rangerstaxcsae had floated although as you can see anything is possible on AIM! Seriously this company is undiluted and reasonably profitable. It is trading at 14p having floated at 85p
Servision – modestly profitable, shares diluted 3.5x trading at 4.12p having floated in 2006 at 21.37p
SML – Heavy loss in first year, started trading at 5p and now at 4.5p
Tejoori – BVI based company with staggering losses over seven years. Cannot find the float price although this stock was trading at 100p in 2008. Currently 0.50p
The Weather Lottery – no profits in seven years, dilution of 10x, floated at 8p now trading at 0.125p
Tricor – this is a company with a history of boiler room claims against it. Leo Knifton, well known in the art was a director here. The company has a history of suspensions, law suits against directors and has a share dilution of 300x….not a misprint.
Urals – ugely unprofitable company, share dilution of 4x with a float price of 190p and currently at 4.88p with lots of very angry investors
Vane Minerals – no profits in seven years, share dilution of 3x. Floated at 12p now trading at 0.865
XG Technology – There are three companies with similar names here. Floated last year at 0.25$ currently trading at 0.35p

Well there you have it. Welcome to Imrans World………………………a complete semi regulated disaster are full of the same people turning the ordinary punter over almost without exception.
Please Rangers fans ask the right questions based on as much information as you can get. The decision is yours although i do not personally think that your team have a great record here.
Posted by 100bjd

This article found its way on to several Rangers sites where I was villified and accused of being a Celtic fan and part of a Timmy conspiracy etc. I was quite stunned to see these views as I was genuinely trying to give everybody, especially Rangers fans a professional insight into what I thought would happen. I am not part of a timmy conspiracy although if my name was on the article I might have got a bit of stick! As it turns out, at TODAYS date, I suspect most Rangers fans might think the article was pretty accurate. Welcome to Imrans World indeed……and I am sure if he wins his case he is going to reinvest it straight back into the club/company!

Getting back to the point of anonomynity I could have written a decent article which eventually through the passage of time proved correct although in the meantime I could have been wrongly punished for it. Anonomynity is not utopian although nothing is these days. Lets stick to what we are doing and maybe if you write an article that appears to offend Rangers supporters for no good reason you will know what I mean!

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neepheidPosted on9:59 am - Feb 27, 2014


100bjd says:
Thursday, February 27, 2014 at 09:15

Lets stick to what we are doing and maybe if you write an article that appears to offend Rangers supporters for no good reason you will know what I mean!
===============

Of course the fundamental problem is that for a large majority of Rangers supporters, the truth itself is offensive. They would rather listen to fairy tales from the likes of Charles Green or Sir David Murray or their “land experts”. Truth and facts are a foreign country to these people. They will only listen to what they want to hear.

And they never learn. Those bloggers who pointed out the facts about Craig Whyte are still loathed and detested as part of the infamous “Timmy conspiracy”, simply for being right. I personally have lost all hope that they will ever be open to evidence or logical argument. Their default position is permarage at anyone who doesn’t go along 100% with their latest Messiah’s pronouncements.

It is a very sad case, it truly is. There must be a doctorate in mass psychology available to anyone with the time and inclination to analyse the behaviour of the Ibrox fans over recent years. Maybe Charles Green is writing it up as we speak, because he has the time now, and that guy learned very quickly how to play them all like a deck of cards.

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corsica1968Posted on10:11 am - Feb 27, 2014


On the anonymity question: I had enough vile abuse on the rangers charity situation to suggest that everyone should remain anonymous. I had verbal abuse, physical threats, and death threats (incuding a thinly disguised murder request from Chris Graham). When someone else was identified as me and their address circulated, that person received shit in the mail. We are dealing with vile, supremacist herrenvolk who still think they live in the Middle Ages. Full disclosure? No thanks.

modicuthreats)

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John ClarkPosted on10:22 am - Feb 27, 2014


Danish Pastry says:
Thursday, February 27, 2014 at 07:17
‘.. are they still referencing the original witnesses by their ‘colourful’ names, to disguise real identities? ..’
————
DP ( and everyone else) you will see from this that, regrettably, I did not make it into the Tribunal today. Mrs C had a pressing matter to attend to this morning with which she needed my help, and the timing was unfortunate.Sorry about that, but she has been wonderfully patient with me this last ( years?) and I felt honour bound in fairness! ( aye, ok, in fear as well! )

On your query, no, the real names of the EBT recipients and senior men are used in the UTTT, no colour-coding.They’ve only to refrain from naming the three or four who were guaranteed anonymity the first time.

[On Grant Russell of STV, I don’t know him by sight. He must have been sitting right beside the lawyers on Tuesday! I’ll check him out tomorrow]

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smugasPosted on10:27 am - Feb 27, 2014


I have deliberately taken the time to fully digest what King and others have said so I can contribute with a cool and rational head.

Alternatively, some might say its taken me this long to work out how to comment on the new/old site!

First up though, unusually for me I had a 1 hour commute yesterday so obviously, again with some help from my pre teen IT helpdesk, it was podcast 1 on the way there and podcast 2 on the way back. Easily the most enjoyable couple of hours listening for a long, long time. Thank you to all contributors. If I could venture one opinion – I wonder if this is the gap that a ‘blue’ might be willing to fill? Rather than post directly on here and get slaughtered, sorry, debated, would they be more willing to enter into a frank discussion basically like auldheid and stuart have done with Mr Pink? Another option to think about.

Anyhow, to Mr Kings’ comments. Firstly you have to contextualise it. It is an appeal, or rather an anti-appeal to the blue loyal so its not supposed to be a message to fitba per se, not that the Daily Record can make the distinction. I wouldn’t expect Farmer, Budge or Milne’s season ticket advert to refer to Rangers so its not fair to expect Kings to make any balanced reference to anyone else either.

Secondly, it is the most honest piece of writing I’ve seen from that direction for a long time. Honest in as much as, in summary, they were goosed then (allegedly costing him £20m), they’re goosed again and, crucially in my mind, they offer no opinion on the likely sustainability once they reach the place their grandchildren want to be. The target, as far as I could make out, was predictably to stop Celtic getting 10-in-a-row. By implication, that infers that RFCnew get access to CL monies. Noticeably however, there is no attempt (and I again highlight the context that it is written in) to imply that even with a league title AND CL monies that it will be sustainable. And that is before any mention of rentals, or delapidating infrastructure.

Now, I’m sorry if I am putting words in Kings mouth here. If I could put that another way. What is being said about (not to, but about, there’s that context thing again) the other 41 clubs is this. We, collectively, have to promise to give them ‘our’ European riches in order for them to try and be sustainable but they’re still not entirely certain yet if they can be. They (king that is) is stating this now when an interesting close season looms and, if an insolvency event occurs, when Board discretion will be required to allow progression. As a supporter of another team, this is not the strongest sales pitch I’ve ever heard to be honest. I will allow my bias to extend to this statement – that in Kings view stopping Celtic should be all of our grounds for tacit support. That is a view classicly immersed in “aye, but who’s yer big club” to quote Stuart (I think).

If I could put one direct question to King based on the press release yesterday it would be this. Its not the most obvious or even pressing question in my opinion, but it is probably the one that will have most significance going forward.

If, in the event of an insovency, that you are asking for board discretion to permit you to go up another league (to the first) are you asking on the basis that you feel you should go up to reflect sporting achievement to date and continuing outside investment, or are you asking for discretion to advance simply on the basis that you feel you have to get it or the ship sinks to the lowly levels of, well, the other 21 senior teams for starters.

If it is the former then I would go with a clearly argued and transparent majority opinion. If it is the latter, then I’m sorry they appear to have learned precisely nothing and should be treated as such.

Just my thoughts (anonymously, obviously!)

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allyjambo

allyjamboPosted on10:29 am - Feb 27, 2014


john clarke says:

Thursday, February 27, 2014 at 10:22

That’s ok, John, we can all rely on the MSM to keep us updated 😉

Hope you enjoy your drink with your mates this afternoon, you’ve certainly earned it 🙂

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100bjdPosted on10:49 am - Feb 27, 2014


neepheid says:

Thursday, February 27, 2014 at 09:59

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100bjd says:
Thursday, February 27, 2014 at 09:15

Lets stick to what we are doing and maybe if you write an article that appears to offend Rangers supporters for no good reason you will know what I mean!
===============

Of course the fundamental problem is that for a large majority of Rangers supporters, the truth itself is offensive. They would rather listen to fairy tales from the likes of Charles Green or Sir David Murray or their “land experts”. Truth and facts are a foreign country to these people. They will only listen to what they want to hear.

And they never learn. Those bloggers who pointed out the facts about Craig Whyte are still loathed and detested as part of the infamous “Timmy conspiracy”, simply for being right. I personally have lost all hope that they will ever be open to evidence or logical argument. Their default position is permarage at anyone who doesn’t go along 100% with their latest Messiah’s pronouncements.

It is a very sad case, it truly is. There must be a doctorate in mass psychology available to anyone with the time and inclination to analyse the behaviour of the Ibrox fans over recent years. Maybe Charles Green is writing it up as we speak, because he has the time now, and that guy learned very quickly how to play them all like a deck of cards.
———————————————————————————————————————

Regrettably I think you are correct in your mass psychology comment.

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JimBhoyPosted on11:12 am - Feb 27, 2014


Sounds like DK will hit Scotland for a flying visit like before getting his face on telly and in the papers, being pandered to by the majority of rangers optimists. If he was chocolate he would eat himself…

Allegedly his supposed £20m investment in old rangers had a very generous payback not to mention as much lamb as one could eat, blazer and tie etc. He is not the saviour some make out he is, maybe just the last chance saloon for the thirsty bears.

Looking forward to McCoist indepth analysis of this weeks events. I would have though his backside would be red raw the amount of time he has spent on the fence a little different to his lengthy time as judge spent on the bench…Proctologist anyone?

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ecobhoyPosted on11:17 am - Feb 27, 2014


100bjd says:
Thursday, February 27, 2014 at 09:15

. . . This article found its way on to several Rangers sites where I was villified and accused of being a Celtic fan and part of a Timmy conspiracy etc. I was quite stunned to see these views as I was genuinely trying to give everybody, especially Rangers fans a professional insight into what I thought would happen. I am not part of a timmy conspiracy although if my name was on the article I might have got a bit of stick! As it turns out, at TODAYS date, I suspect most Rangers fans might think the article was pretty accurate. Welcome to Imrans World indeed……and I am sure if he wins his case he is going to reinvest it straight back into the club/company!

Getting back to the point of anonomynity I could have written a decent article which eventually through the passage of time proved correct although in the meantime I could have been wrongly punished for it. Anonomynity is not utopian although nothing is these days. Lets stick to what we are doing and maybe if you write an article that appears to offend Rangers supporters for no good reason you will know what I mean!
=================================================================
I well remember your article when It was posted on Scotslawthoughts and the ire it caused on the Darkside.

As to anonymity I was on the Economic League blacklist for my political and trade union activities which caused me more than a little grief employment-wise and that was long before the internet. We all know how much more efficient the internet is for stalking and attacking people in all sorts of ways and we see it happening all the time.

If I was a journo I would need to think long and hard about whether I would write anything to offend the bigots and deluded on either side of the sectarian divide. Personally I don’t think the pay would be enough and I wouldn’t want to expose my family to possible danger.

For posters, anonymity is a personal decision IMO and it also depends on what you are writing about. When 100BJD exposed Ahmad’s way of working and by association Green then he became a target because the blue horde was in love with them at that time and would brook no criticism.

The longer I observe Rangers supporters in general the more inexplicable is the lack of questioning they apply – they accept things in a way that is akin to conditioning and perhaps it comes from following and believing in the ‘Rangers Way’ whatever that actually means, if anything, in a modern society.

In the research I have done over the land transactions the Bears have been whipped into a frenzy with no foundation to the allegations with the facts distorted to fit a perception of the ‘truth’ that those behind the campaign which to create.

Meanwhile many many Bears seem incapable of pausing, thinking about issues and asking questions and investigating to expose the facts. When the odd Bear does so in their forums they are usually accused of being a ‘Timmy’. Some insult eh? Being accused of having a functioning brain and an open mind 🙂

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Danish PastryPosted on11:18 am - Feb 27, 2014


john clarke says:
Thursday, February 27, 2014 at 10:22
10 0 Rate This

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… On your query, no, the real names of the EBT recipients and senior men are used in the UTTT, no colour-coding.They’ve only to refrain from naming the three or four who were guaranteed anonymity the first time.
———————

I see, so everyone who enjoyed the EBT party is now mentioned by name except four untouchables? (or is that ‘The Unmentionables’?) What merits the special status of the four? Anyone?

PS Enjoy your day with Mrs JC, John.

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smugasPosted on11:33 am - Feb 27, 2014


Eco,

Your theory is backed by the precitable response on many message boards today.

“Isn’t it funny how non RFC supporters want us to boycott season tickets just when our club need us most” seems to be the latest thought for the day down Govan avenue.

I did notice one excellent comment. “The RFC supporters biggest achievement at present would be in developing the cohesive togetherness to potentially boycott ticket sales, not actually boycott them to the detriment of the liquidity of the club.”

Now they’re getting it!

notice none of the esteemed press pack are mentioning surprise that the owners are just magically going to throw in Ibrox and MP almost as an afterthought to any fan buyout. Once again, for the absence of doubt, They ARE Rangers, Spivco Rangers and I really really do recommend you start caring!

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smugasPosted on11:34 am - Feb 27, 2014


predictable – as in predictably no edit function

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CastofthousandsPosted on11:41 am - Feb 27, 2014


Smugas,

I read your comment with interest and returned to Andy Graham’s post of King’s article in the Herald.

I’d agree with you that it does have overtones of frankness but their seem to be a number of undercurrents that point to other agendas.

Firstly he points to the current precarious state of the clubs finances. King will have contacts who can provide this insight. TSFM contributors have for many months mooted February 2014 as being crunch time using the arithmetic of the last published accounts. Now if Imran Ahmad’s £500k claim could incur an insolvency event, what will be the likely impact of King’s call for a season ticket boycott. I would have had some sympathy with a ST boycott last year, especially when the IPO money was there to cushion the impact. However a ST boycott now would certainly scupper the ship. King it appears is blowing a chill, iceberg making wind across the business. What are his true motives?

He then parades the chilling nightmare vision of a Celtic ‘ten in a row’ effigy to further cow those that may fall into his thrall. His explanation of how this image might be banished runs counter to what we have been discussing. He is not considering a leaner, fitter organisation that fights its way to the top. Such indignity can never be countenanced. He talks of cash injections, without making it clear where this cash will come from.

I can’t recall exactly where your scenario of and admin I/II Rangers arriving in the Championship comes from but it does ring a bell. To me this seems to point to a strategy where King sinks the current ship, leaving the rats to swim for their lives, then salvages the rusting hulk using, likely fans money via new shares, to refurb it for the Championship then onward ever upward. This is the nightmare scenario for TSFM.

As allyjambo points out, FoH had their plans well installed so that the arrival of Ann Budge found a viable and reasonably well thought out way forward. King instead suggests that supporter’s ST money will be placed in some as yet unidentified trust and released on certain conditions being fulfilled. He suggests these funds might be released as part of a secured loan. Secured on what exactly. If we are correct in our conjecture then their may be nothing left to make such security upon other than a pile of deteriorating catering equipment.

It just doesn’t stack up. There are elements in his statement that appear earnest and heart felt but in its totality it lacks clarity. It has the lucidity of a Graham Wallace statement stretched to four paragraphs. It reads like wishful thinking; fairytale. It could come true but I do not think we will all live happily ever after if it does.

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scottc

scottcPosted on11:41 am - Feb 27, 2014


john clarke says:
Thursday, February 27, 2014 at 10:22

Mrs C had a pressing matter to attend to this morning with which she needed my help, and the timing was unfortunate.

Pressing matter, John? It’s okay to say you had to do the ironing. 🙂

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jockybhoyPosted on12:04 pm - Feb 27, 2014


dogsbollix:

One reason why this is so is because there is a perception, rightly or wrongly, that TSFM has a “Rangers bashing pro Celtic agenda”. Discarding anonymity would deal with that issue. When it is clear to all who the moderators are and what the agenda is then who knows we might get more Rangers posters and maybe even a Rangers mod one day and then TSFM can speak with more authority and credibility against the maladministration of the game by the SFA/SPFL.

My name clearly shows my preference for a football team as do many other posters – I am not sure why or how knowing a “real name” would deal with the issue of who is pro or anti any given team. Why not just require a team logo as the avatar or team name as part f the “about me” section if that’s the case? Or are you suggesting NOT using such nicknames – but then allegiances would come out in the posts anyway, so again, I fail to see what you are really driving at here.

Here’s the thing, who can say whether some weirdo (and there ARE weirdos on the interweb) is going to take exception with something written (real or imagined) and cause problems for people at home, work or online (posting on Facebook pages seen by families or even Denial of Services attacks to small businesses etc). Why risk it?

Fans of Hearts, of Abroath, of Albion (both kinds) etc etc all post in here as minority teams – it’s not about that – the reality as to why there are few Rangers posters on here is because they have their own problems and to be frank many of them don’t want to engage with the wider football fan population because they know their team is in a God-awful mess and there is nothing they can say or do to defend it…

As for the idea of a Rangers mod “one day” – I am fairly sure TSFM would welcome that as would speed it through, but the question is moot until such time as one applies to do it, and that’s rather down to the Rangers fans themselves…

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smugasPosted on12:04 pm - Feb 27, 2014


No arguement from me whatsoever castof.

My thrust really was in highlighting my interpretation of what King said. That for this proposal to be successful it has to be to the detriment of fan investors “who’s only return on their soft loans will be winning,” to the detriment of the legitimate businessmen who magically hand over ~£18m of assets that they own because of a bad case of rangersitis and finally, most importantly in my opinion, to the detriment of the other teams who are expected to step aside to allow them a shot at glory, again all on the strength of not allowing celtic to win 10-in-a-row. And all with not even a passing reference to having the financial management skills to maintain the ‘heights’ once they are permitted to do so.

Now again we’re back to timing. I would have expected exactly this stance once SPL was secured and they were sitting mid table – not beyond the stretches of the current imagination – one last push for the top, touching distance of them, OF games to guage level type of thing. And by push for the top I mean via flotation, not a grubby administration to shaft creditors again and break contracts. A situation I believe that the BFDJ’s of this world envisaged when they sat on day one of Div 4 with £22m in the bank.

To say it now though, well lets just say the timing interests me. Smacks of factional division.

Did we ever get to the bampot definitive if he did actually lose £20m by the way. My vague recollection was that he had invested it, and that the south african tax authorities listed it as monies that he invested (and subsequently lost) that should have been declared, hence it appearing in the King tax case asset list and being mistaken as a repayment.

Am I not right in thinking though that King did not list himself as a creditor of Oldco?

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wottpiPosted on12:10 pm - Feb 27, 2014


Comment from the London South East share site

I am a season ticket holder and I expect Rangers to call for renewal end April into May its £276 at present and we have been told it will increase. I expect it will be around £300. I will collect cash and drive to the ticket office and pay immediately.
If Mr. King is involved in any capacity or any of the fans back his plans I will have to reconsider. WE have a board give the CEO his six months.
I was first lifted over the Ibrox turnstiles in 1948. A long time ago. I never thought I would see this. Never been the same since Mr. Lawrence died.jocko2

——————————————————————–

I suspect this older Bear is in for a shock if he thinks an his additional £24 (or 35k x £24 = £840k) is going to be enough to keep his club rolling along.

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Carl31Posted on12:41 pm - Feb 27, 2014


My sources tell me that the office staff at Skintiago Bear na New got an unpleasant surprise when a number of workmen came in and removed all the window blinds.
They were informed that all such removable non-essential office items were to go to auction somewhere to raise funds.

Looks like curtains noo.

Sorry. I ‘ll get ma coat.

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paulmac2Posted on1:06 pm - Feb 27, 2014


wottpi says:

Thursday, February 27, 2014 at 12:10pm
………………………………………….

I wonder if he realises that it will take 2900 ST renewals at £300 a pop just to pay Ally his wedge for the season!

Ps. from 276 to 300….a 9% increase….I guess someone can justify that size of a jump…other than we are skint and in desperate need of cash!

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corrupt official

corrupt officialPosted on1:39 pm - Feb 27, 2014


Phil Mac on Twitter about email correspondence with DK.

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andy graham (@andygraham66)Posted on2:10 pm - Feb 27, 2014


Following a meeting of The Union of Fans that currently comprises representatives of the following fan groups – The Rangers Supporters Assembly, The Rangers Supporters Trust and The Rangers Supporters Association, The Blue Order, Union Bears and Sons of Struth – we would like to issue the following statement:

Events over the past few days have left us deeply concerned, once again, about the direction our club is being taken in. We have waited patiently, as requested by Graham Wallace, to see progress as part of his 120 day review, but feel that the latest decision from the board, to line the pockets of shareholders who showed a total disregard for the wishes of fans at the recent AGM, is yet another kick in the teeth.

Over half way through Mr Wallace’s 120 day review we have seen little or no progress. Indeed, the investment committee set up by the board has only been able to secure a loan, at an inflated interest rate of 30% APR, from an existing shareholder. We have spoken to shareholders who were, and are, willing to provide the funds required at considerably better terms than the loan that has been taken from Laxey. This offer has not been progressed by the board or the NOMAD, Daniel Stewart. We would simply ask why?

We note Mr Wallace’s comments that a full process was followed but we have little or no faith that Daniel Stewart or the board have properly analysed the options available. We do not believe that taking a short term loan, at both an inflated rate and securitised against club assets, is addressing the need for a long term solution and urgent investment, and we have seen nothing to suggest this is part of a robust long term plan, despite Mr Wallace’s assertions.

We have no confidence in the current board and would ask Dave King, following his statement yesterday, to set up a trust where fans can place our season ticket money to be released to the club on agreed terms. We would also ask him to lobby all non-aligned shareholders and form a new Shareholders Group to challenge the anonymous shareholders behind Blue Pitch Holdings and Margarita, then take control of the board.

We have already had preliminary and productive discussions with respected figureheads for such a trust and we hope they will now step forward and support Dave King and the fans. Fans can indicate their support for the idea by visiting http://www.unionoffans.org and signing up.

Also, before this board once again unleash their PR bulldog, Jack Irvine, whose only function appears to be to attack Rangers fans, we would like to make it clear that, like Dave King, we are not suggesting a season ticket boycott. Like all Rangers fans we want to support the club financially as we always have, but it has become clear that the board are using our loyalty as a tool for their own ends rather than the benefit of the club. If they will not listen to genuine concerns or involve those with the best interests of the club at heart then they will have to be made to listen.

We cannot doubt the intentions of one of our own who has previously committed £20m to the club we love. Dave King has declared his willingness to raise capital and lead our fight to regain control of our club.

We ask all our fellow supporters across the world to join us, with Dave King, in an effort to return our club to the people whose only interest in making a profit is to reinvest it in our club.

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neepheidPosted on2:19 pm - Feb 27, 2014


andy graham (@andygraham66) says:
Thursday, February 27, 2014 at 14:10

Can you post a link, please?

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neepheidPosted on2:22 pm - Feb 27, 2014


andy graham (@andygraham66) says:
Thursday, February 27, 2014 at 14:10

Sorry, I have just found the link within your post. Here it is anyway-

http://www.unionoffans.org/statements/2014/2/27/union-of-fans-statement-270214

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smugasPosted on2:25 pm - Feb 27, 2014


I very much get the impression that distuguishing club and company is now coming back to haunt them.

The club (being the fans) saying “we’ll make you listen”

The company then says “We’ll listen but then do our own thing – we are after all a humble company with a prize collection of valuable assets”

Club “ah but without us you’re……”

Company ” a humble company with a prized collection of assets”

Club “but we’re your revenue”

Company “and also our costs. Currently C exceeds R, you do the math”

Club “but we control your capital value”

Company “and we currently own yours”

Touche

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bogsdolloxPosted on2:41 pm - Feb 27, 2014


andy graham (@andygraham66) says:
Thursday, February 27, 2014 at 14:10
++++++++++++++++++++++++++++++++++++++++++++++

Interesting – at last they have some semblance of unity, a realisation that they are being ripped off, a new/old saviour and recognition that JI’s role is and was always to divide the fans. At last they have woken up to understand the solution is in their own hands

Unity is strength and Cash is Kings as they used to say in the old days.

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wottpiPosted on3:18 pm - Feb 27, 2014


bogsdollox says:
Thursday, February 27, 2014 at 14:41
3 0 i
Rate This
andy graham (@andygraham66) says:
Thursday, February 27, 2014 at 14:10
++++++++++++++++++++++++++++++++++++++++++++++

Interesting – at last they have some semblance of unity, a realisation that they are being ripped off, a new/old saviour and recognition that JI’s role is and was always to divide the fans. At last they have woken up to understand the solution is in their own hands

Unity is strength and Cash is Kings as they used to say in the old days.
*******************************************************************

Well they say some addicts have to hit rock bottom before they admit they have a problem and need help.

If the peasants are revolting does that increase the chance of switch of the big assets to RIFC or does the CW claims still mean that the Spivs may want to keep them where they are for the time being?

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CastofthousandsPosted on3:25 pm - Feb 27, 2014


Sounds like civil war to me. It is positive to hear what appears to be a unified voice but how unified is it really? We shall find out in due course.

When supporters buy a season ticket they know roughly what they are getting for their money. King is asking that instead of putting their money into a brand that they trust (irrespective of whether it is actually trustworthy), they should deposit £300 each into an account the use of which has not been fully defined. If he pulls it off it might be a good thing (setting aside concerns over his modus operandi). If it doesn’t it will sink the clumpany and divide the supporters and fans like never before.

I hope the supporters organisations concerned have done their due diligence.

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wottpiPosted on3:39 pm - Feb 27, 2014


While the principle behind a trust for season ticket holders to drip feed the club seems a good idea there must surely be a whole range of contractural issues and T&Cs with season ticket purchases that must be under the control of the clumpany.

Otherwise could me and my mates not just buy a load of tickets for multiple venues on a Kylie then insist that she cancels one of the gigs and perfrom in my living room instead 🙂

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wottpiPosted on3:40 pm - Feb 27, 2014


Should ahve read

….. on a Kylie concert tour

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ecobhoyPosted on3:40 pm - Feb 27, 2014


As insurrection breaks out at Ibrox what are the Blue Land ‘Experts’ concentrating on?

Well they’re getting on with the really important stuff of proving there was no mines on Westthorn.

They started on the basis there was no coal but like so many other false claims made by them they’ve had to retreat from that in the face of overwhelming evidence to the contrary. So their fall-back position is there was no pit shafts on the portion of the former Westthorn Estate purchased by Celtic.

I’m not really sure what that has to do with the price of coal because ‘abnormal ground conditions’ due to a mining history doesn’t just apply to the footprint of the pit shaft but to the miles of underground tunnels – radiating from the shafts – where miners followed and worked the coal seams. When a seams was exhausted the shaft was often closed and a new one opened to tap into another seaml.

The whole of the Westthorn estate was extensively and intensely mined for approximately 100 years circa 1750-1850. What has to be remembered about mining back then is that there was no statutory requirement to file pit shaft locations or map the underground workings. As time passed the locations faded from memory and many areas of Glasgow sit atop of old abandoned workings which the Coal Authority has no knowledge of.

They only come to light when subsidence takes place and thankfully this can be gradual as the old workings settle but the fear is always of a catastrophic collapse without warning and that too has happened in Glasgow.

However – back to the ‘experts’ and their latest evidence which can be seen at: http://footballtaxhavens.files.wordpress.com/2014/02/ca-8.png

Yip no sign of any shafts on that search. One of the ways of saving a few quid when ordering a Coal Authority Mining Report is not to let the Authority select the boundaries but to personally decide where to search and the ‘expert’ appears to have taken that route.

It’s been a long time since I was at Westthorn but it seems to me that the ‘expert’ has cut-off half of one of the football pitches in setting the search ‘zone’. If he had actually taken the search up to the boundary of Celtic’s Westthorn ground, as I remember it, would he have found any shafts?

Well I would have expected him to come across mine shaft ref nos: 262662-002 and 262662-004. My Coal Mining Report adds: ‘There is no record as to what steps, if any, have been taken to treat the mine entries.

‘Records may be incomplete. Consequently, there may exist in the local area mine entries of which the Coal Authority has no knowledge.’

That’s why all of the Celtic land is regarded as a High Risk for Development reporting area by the Coal Authority. At the end of the day the major factor which reduced the price paid by Celtic for Westthorn was the existance of the blast-zone from the 19 adjoining whisky storage and maturation warehouses which halved the amount of land on which housing could be built.

There is nothing the ‘experts’ can do to challenge that fact at the EC so that’s why they have fastened onto the spurious coal and pollution issues to try and pull the wool over the Commision’s eyes.

Obviously I will be dropping the EC an email – direct to the civil servant dealing with the State Aid case – to alert them to this latest deliberate piece of trickery and deception. Fth can’t claim they have made an honest mistake with the boundary because in an earlier post they show the correct boundary for the Celtic ground at: http://footballtaxhavens.files.wordpress.com/2014/01/site-of-former-belvidere-hospital.png

All I can say is that this lot really are obsessed, liars and stupid if they thought they could get away with it LMAO 🙂

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goosygoosyPosted on3:50 pm - Feb 27, 2014


Have I got this right?
TRFC are a penniless co.
They are entirely dependent on a separate legal entity called RIFC for everything that costs money
TRFC have to pay a premium to RIFC for every penny they borrow to “stay alive” (or “stay dead” if you feel that way)
,,,,,,,,,,,,,,,,,,,,,,,
RIFC are owned 88% by Spivs and 12% by the Gullible
The Spivs 88% are split into two camps The bottom fishers own 65% and the others own 23%
The Spivs paid a mixture of prices for their shares ranging from zero to (maybe) 70p
Those who paid the least are in the majority 65%
The Gullible paid 70p for their shares
The Spivs got involved to make as much money as they could in the shortest time possible
The Gullible got involved because… they were gullible
The Spivs have loaned £1.5m to RIFC (not TRFC). The terms of the loan are structured to ensure they make money on the deal even if TRFC folded tomorrow
The bottom fishing Spivs control everything except issuing more free shares to themselves. This needs another 8% or 9% to enable them to pass a 75% resolution. Given the terms of the £1.5m loan this is likely in the next 12months. So it’s in the interest of the smaller Spiv group to go for Administration before their holding is diluted significantly
TRFC owe RIFC all the money borrowed since Sevco renamed itself TRFC. They haven’t made any money so they can`t repay in cash. All they can offer in exchange is the assets.
On the Spiv side the only stress is on Somers, Wallace and the two Easdales.
That stress will be real.
It probably accounts for the high turnover of Spivs since Sevco was formed. It can`t go on indefinitely. Some of the Loonies who follow TRFC may decide to get involved
The uninvolved Spivs are only worried about not making enough money out of their involvement. How they do it won`t matter as long as it is legal
That’s about where we are at present
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This crisis has all the makings of an end game that forces the Spivs to play hard ball
i.e.
Let’s suppose
Dave King persuades enough fans to stick together and not buy STs Giving RIFC a problem they can`t fix without reducing the payback available to the Spivs
What do they do?
They will clearly do whatever makes them the most money.
Most Likely
The Spivs state that TRFC will have to be liquidated if ST monies are not handed over without strings. They offer negotiations about selling TRFC with rented assets. Comments leak to social media
Talks with potential Saviours get nowhere. The Spivs end the discussions and leave Ibrox that evening
RIFC put TRFC up for sale minus its assets. All TRFC Directors resign
With RIFC money tap turned off, the club is in danger of not fulfilling its fixtures.

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ecobhoyPosted on3:57 pm - Feb 27, 2014


Oh I should have added that when we get back to our old or should that be new site – touch of sevcoitis there – I’ll put the various maps up so everyone can see the pathetic attempt at deception being perpetrated by the so-called land ‘experts’.

I doubt if DK will get much support from that quarter which is based at McMurdo’s Blog – it’ll be ‘Coal is King’ rather than ‘Cash is King’.

Btw I have stripped Fth from his self-awarded ‘Land Expert’ title for cheating and he is further sentenced to forever wander the pitch-dark abandoned mine workings below Westthorn 🙂

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wottpiPosted on3:57 pm - Feb 27, 2014


Phil MacGiollaBhain ‏@Pmacgiollabhain ·39 mins
Where are those pesky Interim RIFC Acccounts?
#Late

Phil MacGiollaBhain ‏@Pmacgiollabhain ·43 mins
Why is a very senior chap from Deloittes in Glasgow today from London?
#ImportantMeeting

Phil MacGiollaBhain ‏@Pmacgiollabhain ·45 mins
I wonder why potential Administrators are being sounded out for a certain legnedary clumpany.
Say it isn’t so Graham.

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bangordubPosted on4:08 pm - Feb 27, 2014


Any preferences?`
Buttered or sweet?

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smugasPosted on4:11 pm - Feb 27, 2014


I’m still waiting for details for tickets to get on Kylie?

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AlthetimPosted on4:13 pm - Feb 27, 2014


From the Union of Fans meeting we have:

“Like all Rangers fans we want to support the club financially as we always have, but it has become clear that the board are using our loyalty as a tool for their own ends rather than the benefit of the club”

Finally, at long last, they get it.
Probably too late right enough.

Big thanks to John Clark for his excellent reporting of the UTT.

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manandboyPosted on4:14 pm - Feb 27, 2014


It has been a long time since the SFA has made any statement about the Ibrox team.

Is this because –

a. the people who actually matter at RIFC/TRFC are beyond the reach and influence of the SFA

b. the plan to get TRFC back to the very top has already been worked out
and all the SFA can do now is wait

c. the SFA know that there is no hope for the Govan club

d. they have been busy designing the new strips

e. spending the monthly salary of around £12,000.00 is very time consuming

g. they have come up with a new plan and they are keeping it a secret

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