Jump to content

 

 

BrahimHemdani

 View Profile  See their activity

  • Posts

    11,099

  • Joined

  • Last visited

 Content Type 

Everything posted by BrahimHemdani

  1. BrahimHemdani
    I am too; actually I would have preferred RangersFirst but Rangersfirst was already registered and probably easier.
  2. BrahimHemdani
    REPORT OF FIRST MEETING OF RANGERS CIC WORKING GROUP LOUDEN TAVERN GLASGOW 18 FEBRUARY 2014. The meeting was already under way when I arrived just before the appointed hour of 6.00pm. I counted an attendance of 36 people, which means that more than 80% of those who attended the inaugural meeting put themselves forward for the Working Group. Richard Atkinson again had the floor. He said that the CIC should embrace: • All fans’ groups • Fans in no group • High Net Worth Individuals (HNWI) • The 12% of fans with shares (presumably included also in the first two groups) • Institutional Investors • Trading Partners The meeting threatened to degenerate a bit at this point when RST members raised the work they have done in the past and what they saw as lack of support from SDS. However, Richard handled this well and said the CIC was about fans coming together and moving forward. In answer to my question he said that the proposed CIC would not be a plc but would follow the Company Limited by Guarantee (CLG) model (which means that it cannot issue share capital and hence does not need initial capital or a prospectus – both of which are very costly). There was a lengthy discussion about the involvement of HNWI’s. Richard concluded the first part of the presentation by saying that the Working Group:  Needs to be disciplined  Needs teamwork  Has to be a group not a bunch of individuals  Those involved need to turn the other cheek and not rise to criticism  Is not about “open shop” – not because of trying to keep things secret but because it will create questions and he encouraged those involved not to answer forum questions if they did not know the correct answer; otherwise it would just create more work for him to correct the incorrect answers. RANGERS IS MORE IMPORTANT THAN YOU ARE. The first stage of the second part of the presentation was taken up with a discussion about the name for the organisation. Richard proposed http://www.rangers.coop which had already been registered by SD. However, a number of people expressed concern about the coop brand and a gentleman (I think his name is Ian Gilfillan but I might well be mistaken) proposed Rangersfirst.org which he has already registered and said he was happy to transfer. This was agreed. Web page, FB and Twitter accounts should be up and running in the next couple of days. Discussion moved on to the WORKING PARTIES membership of which would be based on a skills audit to be issued tomorrow: 1. IT 1.1 Internal (communication) 1.2 External (social media) 1.3 Graphics 2. MEMBER SERVICES (getting the message out) 2.1 Marketing/Sales 2.2 Engagement with Members 3. EXTERNAL MEDIA – PR (proposed to use Paul Goodwin of SDS in the short term as a “buffer”). [Personally I am not overly comfortable with that but most people seemed to accept it.] 4. COMMERCIAL 5. LEGAL & COMPLIANCE 6. ACCOUNTING 7. GROUP ENGAGEMENT 8. ADMINISTRATION 9. ENDORSEMENTS There will be 4/5 members in each group out of which Richard anticipates leaders to emerge who will form a Working Group of Leaders. He stressed that it is not a closed shop at this stage, those with relevant skills are urged to come forward. Forums will be asked to provide a dedicated slot for Rangersfirst. Richard concluded proceedings just after 8.00pm by saying that “a lot of people have baggage but this Group is about relationships with each other”. The first meetings of the Working Parties will be next week.
  3. BrahimHemdani
    Just in from the meeting of the Working Group tonight; give me some time for dinner and I'll write up a post for a new thread. Not going to guarantee a time but I'll post it before I go to bed.
  4. BrahimHemdani
    There is absolutely no chance whatsoever of the OBA being repealed; and I am fairly certain that any amendments will seek to strengthen it in the light of all the cases that the Fiscals have lost.
  5. BrahimHemdani
    Nothing anyone can usefully add to that. Thanks for translating.
  6. BrahimHemdani
    What was going on when he turned to the guy behind who I think is the one who wrote the book?
  7. BrahimHemdani
    Perhaps he had Australian subsidiaries?
  8. BrahimHemdani
    Not sure of the relevance of the New South Wales Consolidated Acts?
  9. BrahimHemdani
    Yes but how much was the alternative in alimony?
  10. BrahimHemdani
    This is absolutely correct Zappa and was one of the reasons why (even if SDM had not scuppered it) we were going to have difficulty with the original model in 2010. Some people who said they would invest attached all sorts of conditions. However, as I pointed out in my report (according to SD publications) a CIC normally is one vote per share not one member one vote, though Mr Atkinson seems determined to take it down the latter route. At the meeting his answer was just to get the so much per month from them at first and worry about the rest later. I'm not sure that that works. It is possible to have a hybrid CIC where there could be different share classes. One class could be for high net worth investors with specific rights: such as the ability to approve further share offerings and appoint a certain number of directors to the board. Another ‘supporter’ class of shares could be issued to fans directly. The exact balance of rights can be negotiated to fit the circumstances of the Club and the demands of investors. Portsmouth, for example, is not a CIC because under Football League rules it can't be. All clubs have to be companies limited by shares. The club is 75% owned by the Trust and 25% by high net worth fan-investors. I am not certain but I suspect that the same or similar applies in Scotland. It is obviously critical to get this right and therefore it is vital to know who or what the target audience actually is. Personally I am not convinced that the HNW individuals who support our Club actually will put their hands in their pockets in support of fans influence. This aspect is sure to be hotly debated tomorrow.
  11. BrahimHemdani
    They'll be queuing up to hand it over to see you and me on the silver screen.
  12. BrahimHemdani
    We're slowly in danger of agreeing again GS "a fine of R80 000.00 or 24 months' imprisonment on each of the 41 counts," If we keep agreeing the dinner ain't going to be much fun
  13. BrahimHemdani
    Fair enough; but still quite serious whatever way you look at it.
  14. BrahimHemdani
    If he was not convicted of a criminal offence why did he have to "pay to the Criminal Assets Recovery Account ("CARA") the amount of R8.75 million as contemplated in section 64(e) of Act 121 of 1998" in addition to the " fine of R3 280 000.00 or 984 months (82 years) imprisonment." The Act 121 of 1998 is the South Africa Prevention of Organised Crime Act.
  15. BrahimHemdani
    "The effective sentence, as confirmed in the agreement, is a fine of R3 280 000.00 or 984 months (82 years) imprisonment." Seems to me that the prospect of 82 years in jail was quite serious.
  16. BrahimHemdani
    It might make everyone even more sick to know that this is NOT just a CD. Chris told me that he has a deal to show the FILM in the Playhouse Cinemas and that the premier will be in the Glasgow Film Theatre in approx. 3 months. See y'all in Holywood
  17. BrahimHemdani
    Horrible to see him hardly able to speak in the interview. Google translation of the Dutch caption is not very good: Special around former footballer Fernando Ricksen, whose muscular detected ALS. Ricksen played six years at Rangers and with Maurice Graef visit the Heerle once to Scotland. There he is honored by his former team Rangers and Ricksen include visits his old friend Bobby Singh, who has always taken care of him. We speak also include Rangers coach Ally McCoist and former top keeper Andy Gooram. Anyone provide an English translation of the TV comments?
  18. BrahimHemdani
    Again an extremely important point that will no doubt exercise the minds of those on the Working Group; if it doesn't I'll make sure it does.
  19. BrahimHemdani
    Have some also been deleted by mistake or intentionally?
  20. BrahimHemdani
    You will not be surprised to learn that that is a point which I have had in mind since the first meeting (and indeed raised in connection with the RST/BR scheme) and will certainly raise tomorrow night. Of course there is an obvious solution but I do not wish to pre-empt the discussion.
  21. BrahimHemdani
    On the OP, instead of back of fag packet calculations, I'd be more likely to be concerned with some actual evidence, which seems in short supply (and, of course, so it should be). I have no idea if or when we might run out of money but I am pretty sure that at the end of the 120 days (around the 19th of April) we will have a plan and an announcement of a share issue to raise somewhere in the region of £15 million, depending on the share price at the time. Wallace said at the AGM ‘However, this funding will only be sought once we have completed a robust business-planning process that will allow us to engage with shareholders and potential investors from the platform of a well thought out strategic plan.’ Unless he comes out with, sorry I made a mistake and we now have an emergency on our hands I would take that over King's interminable ramblings.
  22. BrahimHemdani
    He's been convicted of criminal offences on his own admission, does that not make him a convicted criminal?
  23. BrahimHemdani
    Fan INFLUENCE rather than fan outright fan ownership in a Club like Rangers may be a more reasonable and achievable target.
  24. BrahimHemdani
    Apologies, I stand corrected and commend your effort.
  25. BrahimHemdani
    I have been advised that there were 43 people in attendance at the first meeting but my attempts to establish how many of these were representing groups or orgs and how many (like me) were there in their own right, have thus far been thwarted. Apparently there are "around 20 or so ready to meet tomorrow night (in the Working Group) at the Louden. The meeting will decide the structure of the Working Party and role of specific groups, the conducting of a skills audit to get the right people in the right place and how it is coordinated. The meeting will also look at I.T stuff to get us cracking." More anon.........
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.