Ticketus increase shareholding in Newco Rangers

Rangers International Football Club PLC. The scam the 'people' never seen. Charles Green	5,000,200	8.67%
Hargreave Hale Limited	4,949,000	8.58%
Artemis Investment Management LLP	4,286,000	7.43%
Blue Pitch Holding	4,000,000	6.94%
Mike Ashley	3,000,000	5.20%
Margarita Funds Holding Trust	2,600,000	4.51%
Cazenove Capital Management Limited	2,450,000	4.25%
Richard Hughes	2,200,000	3.82%
Imran Ahmad	2,200,000	3.82%
Legal & General Investment Management Limited	2,000,000	3.47%
Insight Investment Management (Global) Limited	1,900,000	3.30%
Craig Mather	1,800,000	3.12%

  

Above is a list of new shareholder in the Newco Rangers. 

I have already blogged about the Ahmed / Stockbridge / Zeus / Allenby connection with Octopus Investments the owners of Ticketus who were left £28m out of pocket when Craig Whyte put Oldco Rangers into administration and soon to be liquidation.

I then blogged about how Metro bank were funded by Octopus and that Newco Rangers were banking with Metro.

I then blogged about how Cenkos Securities, Capita Finance, Field Fisher Waterhouse (FFW) who all worked on behalf of Octopus were now the driving force behind the Newco Rangers share issue.

So do any of the new shareholder have connections with Octopus who own Ticketus? 

Lets take a look. The links below show the connection to Octopus.

Hargreaves Hale.

Will become the second largest shareholder in Newco Rangers 4,949,000 (8.67%)

Hargreaves Hale have had a long standing working relationship with Octopus shown below.  

http://www.google.co.uk/finance?cid=728058

http://www.nasstar.com/Investors/ShareCapital

http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/new-and-recent-issues/new-recent-issue-details.html?issueId=8723

Artemis Investment Management LLP

Artemis will become the 3rd largest shareholder in Newco Rangers with 4,286,000 (7.43%)

Artemis are joint shareholders and have a working relationship with Octopus shown below.

http://www.enteq.com/investors/shareholder-information.html

http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/new-and-recent-issues/new-recent-issue-details.html?issueId=8764

http://www.georgeson.com/emea/download/OwnershipAnalysisSummary.pdf

Cazenove Capital Management Limited

Cazenove will hold 2,450,000 shares. (4.25%)

Octopus are investors in Cazenove with a 25% fund holding in the company. Cazenove are included in Octopus 'asset documents'.

 http://www.octopusinvestments.com/!documents/pdfs/959.pdf

http://www.qubis.co.uk/uploads/documents/lse_the_opportunities_through_flotation_qubis_7nov12.pdf

Legal & General Investment Maganagement Limited

Legal & General will have 2,000,000 shares. (3.47%)

Legal & General have a working relationship with Octopus.

https://www.cafonline.org/charity-finance--fundraising/banking-and-investments/investments.aspx

http://www1.sjp.co.uk/about-st-james-place/our-business/our-products-and-services.aspx

So far:

Newco Rangers>Brian Stockbrigde>Zeus>Octopus

Newco Rangers>Imran Ahmed>Allenby>Zeus>Octopus

Newco Rangers>Richard Hughes>Zeus>Octopus

Newco Rangers>Metro Bank>Octopus

Newco Rangers>Cenkos>Octopus

Newco Rangers>Capita>Octopus

Newco Rangers>FFW>Octopus

Newco Rangers>Hargreaves Hale>Octopus

Newco Rangers>Artemis Investment Management LLP>Octopus

Newco Rangers>Cazenove Investment Management Limited>Octopus

Newco Rangers>Legal & General Investment Management Limited>Octopus

The total shareholding of the people and companies connected to Octopus is 18,085,000 which equates to 31.37%.

Once Newco Rangers admission to the AIM market is completed, Octopus Investments Limited who own Ticketus will become the 'Major Shareholder' in Newco Rangers with 31.37%

Craig Whyte moves "upstairs" at Ibrox.

So is Craig Whyte back on the scene or had he never left?

Craig came onto the scene when he purchased David Murrays 85% shareholding in Rangers.

When he gained control of David Murrays shares his company summery looked like this.

TEAM DISCOUNTS PLC
THE RANGERS FC GROUP LIMITED
CAIRNWELL INVESTMENTS LIMITED
MERCHANT STRATEGIC RENEWAL PLC
MERCHANT TURNAROUND PLC
RFC 2012 P.L.C.
ZEMFILL PLC
LM LOGISTICS GROUP LTD
COUNTRYLINER GROUP LTD
MERCHANT HOUSE FINANCIAL SERVICES LIMITED
MERCHANT CORPORATE RECOVERY PLC
MERCHANT INTERACTIVE LTD If we look at all the companies with word "Merchant" in them it would be safe to assume they are all connected. This can be seen in the company accounts for 2010. Accounts for 2010 Here is a screen shot. This screen shot of the accounts to 2010 shows that "Merchant House Group Plc" is connected to ""Merchant House Finance Limited" and connected to "Merchant Corporate Recovery PLC" "(MCR)", both owned by Craig Whyte and business partners, Mr James Dominic Rupert Holmes and Mr Martin Eberhardt. In the accounts to 2010 it states that since 2006, "Merchant House Group Plc" have had a 49% shareholding in "Merchant House Finance Limited". A company that Craig Whyte was a director of. In the accounts to 2010 it states that since January 5th 2010, "Merchant House Group Plc" have had a 29.9% shareholding in "Merchant Turnaround Plc". A company that Craig Whyte was a director of. In the accounts to 2010 it states that since January 30th 2009, "Merchant House Group Plc" have had a 29% shareholding in "Merchant Corporate Recovery Plc". A company that Craig Whyte is still a director of. The accounts also mention that "Merchant Turnaround Plc" and "Merchant Corporate Recovery Plc" are associated companies of "Merchant House Group Plc". When Craig Whyte bought out David Murray in May 2011. The shares were owned by "Wavetower Limited" which was subsequently renamed "The Rangers FC Group Limited" which was wholly owned by "Liberty Capital". Liberty Capital are mentioned in Merchant House Groups accounts to end 2011 as being significant shareholders in "Merchant House Group Plc" with a holding of 10.6% and no less than 499,255,464 shares. Here is a screen shot. The shareholding breakdown can be seen on their website in the link below. www.merchanthousegroup.com Now lets turn our attention to Mr Imran Ahmed. Imran founded and was Chief Executive of "Allenby Capital Limited".  On the company records it states that Imran actually retired from Allenby. It also shows that Imran is still has the largest shareholding in Allenby with 36.89% of the shares.  Share dividend of Allenby at bottom of page. On Allenbys accounts to April 2010 Imran Ahmed and a Mr NJ Naylor signed the accounts as directors. Mr N J Naylor is still a now the Chief Executive of "Allenby Capital Limited". Now we must look at a chain of events. Sept 2011. Imran Ahmed leaves/retires from Allenby the company he founded. Feb 2012. Imran contacts Charles about the possibility of buying Rangers Feb 14th 2012 Craig Whyte puts Rangers into Administration. May 13th 2012 From nowhere Charles Green has signed a deal and became preferred bidder. June 6 2012. Charles Green appointed to assist day-to-day management. July 31st 2012. Allenby Capital Limited plc appointed Nominated Advisors and Brokers for Merchant House Group. The company Allenby Capital Limited that Imran Ahmed founded and is a major shareholder in are now Nominated Advisors and Brokers for Merchant House Group Plc. A company that owns 49% of "Merchant House Finance Limited" which Craig Whyte was a director of, 29.9% of "Merchant Turnaround Plc" which Craig Whyte was a director of and 29% of "Merchant Corporate Recovery Plc" which Craig Whyte is still a director of. Below is the link to the announcement and a link to the Merchant house Group to clarify that Allenby are now working for MHG. Merchant House Group Plc announce Allenby as NomAds and Brokers. Allenby Capital on Merchant House Group website The plot thickens. New Co Rangers fans have not asked the right questions and neither have they questioned the answers they have been given. They have took all the propaganda rubbish and tried to used it as 'oneupmanship' against the green half on the other side of the city. David Murray said "for every fiver Celtic spend, we'll spent a tenner". He never spent a tenner! He spent the taxmans tenner. He was lying, the Rangers fans believed him. David Murray told the Rangers fans he was going to build a super Casino. He was lying. The Rangers fans believed him. The Rangers fans believed Craig Whyte was a Billionaire with wealth of the radar. He wasn't. Craig Whyte to give Ally £5m a year for players. The Rangers fans believed him. He was lying. Charles Green has 20 investors who have invested millions in Rangers. The Rangers fans are believing! Charles Green has bought the Edminston House from David Murray, I'm told David Murray doesn't own the Edminston House to sell it. The Rangers fans are believing. Charles Green "Ticketus and Craig Whyte are not involved". The Rangers fans believe him. Can anyone see a pattern emerging? Remember what Charles Green said when he first came in? "Cheques, Cash! I'll take anything. Then I'll give the money to Imran who'll put it in a bank account". Who's account? Charles Green said "God gave me big hands so I can hold more money". And cover the eyes of the gullible. And whilst Charles 'jack in the box' Green has been spouting ludicrous statements about £1.2 billion of TV revenue, 500 million fans and winning the Champions League, Whyte, Ahmed Stockbridge and Ticketus have been the puppet masters behind Mr Green.

Octopus on Zeus accounts

So a major share holder in Now Co Rangers has been using Tax Avoidance schemes! Nothing new there.

The man in question is Richard Hughes of Zeus Capital. He has been a director or Secretary of 97 companies.

So is Richard Hughes another cover for Octopus Investments who own Ticketus?



Zeus Capital Report and Accounts


Part 16. Related Party Transactions.

It states Zeus are related to;

• Medusa Partners LLP ("Medusa")
• Vindon Healthcare PLC ("Vindon")

First we will look at Medusa.

Medusa is a partnership controlled by Richard Hughes.

Here is evidence that show Octopus are related to Medusa. 

http://markets.ft.com/Research//Markets/Tearsheets/Business-profile?s=DTE:LSE

This evidence clearly shows that Octopus have a shareholding in Medusa though a company called Datong PLC.

Now lets look at Vindon.

Richard Hughes is a Director of Vindon

Here is evidence that show Octopus are related to Vindon.

http://newpf.iii.co.uk/articles/articledisplay.jsp?article_id=7338199&section=Planning

This evidence clearly shows that Octopus took the hit for Vindon falling back. (in finances)

Vindon also uses an EBT scheme.

Both of these companies are named in Zeus Capitals Report and Accounts for 2011! 

Now we know Charles Green resigned from Nova Resources before he took control at Ibrox. Nova were a mining company and so are Medusa, Medusa Mining. Would Charles have met Richard through that? Yes. 

Charles Green and Richard Hughes has been sitting in meeting with each other since 1999.

http://www.miningorganizations.org/index.php/msia-minutes

What does this tell us.

Firstly it confirms and strengthens the connection between Zeus and Octopus.

Secondly, why would only these companies be on Zeus accounts when Hughes has been director or secretary of 95 other. Is it because Zeus are Nominated Advisors and Brokers for Octopus or is it because Octopus actually own Zeus.

I await my IPO prospectus with baited breath.

Ticketus must own New Co Rangers

I would like to explain why Ticketus own everything Rangers. I know it's Sevco or whatever but for the benefit the blog just stick with me. 

To help explain this here is a copy of the CVA proposal.
https://mail-attachment.googleusercontent.com/attachment/u/0/?ui=2&ik=92e6d5bcda&view=att&th=13a5fbab3bd34fe2&attid=0.1.1&disp=inline&safe=1&zw&saduie=AG9B_P_DCm0FodCM68kMjydBS4_0&sadet=1350561326923&sads=pEKLIyEYU7iPihk8RkBz5_6jRvA&sadssc=1

We must look at the conditions that relate to the execution of an agreement Section 4, it relates to the "agreement" for a "LOAN" (not investment) of £ 8.5 million to the Rangers Football Club plc (oldco) to be repaid by 31st December 2020.

1. Clause 4.21 From 6 June 2012, Charles Green will be appointed to assist in the day-to-day management of the business of the Company (at no cost to the Company or the Joint Administrators), in order to manage the ongoing trading costs of the Company and allow for a smooth transition in ownership.

The CVA was for £ 8.5 million, the acquisition cost of the "assets" (item 4.11) was £ 5.5 million. Charles Green and Imran Ahmed borrowed £ 8.5 million from Zeus Capital. The "confidential agreement" outlined in item 4.20 states that £ 8.3 million (less D&P exclusivity fee of £200,000) is a loan and will be available once certain conditions are satisfied. These funds would be distributed to the creditors, less the joint administrators fees outlined in item 11. In effect the CVA was for £8.5 million, minus D&P £3m, in compliance with item 11. The rejection of the CVA was still the same amount involved, although it was a sale of the assets (£5.5 million) with Charles Green and Imran Ahmed paying the fees of £3million, equating to £ 8.5 million. Basically Sevco 5088 Ltd paid for the liquidation of Rangers, which is what they required to get the assets out to an English Company. Remember ENGLISH COMPANY! 

Should the CVA be rejected, an "acquisition of the assets" agreement would be executed on 12th May 2012, with Sevco 5088 Ltd. 

If the CVA was accepted D&P would have became creditors and wouldn't have been paid so it was in everyone's interest to Liquidate Rangers.


Now we'll take a look at the New Co.

Sevco 5088 Ltd is an English Company, formed by Field Fisher Waterhouse.
35 Vine Street, London, EC3N 2AA, incorporated on 29.03.2012. 

Field Fisher Waterhouse are the Solicitors of Octopus, owners of Ticketus. Coincident?

Now all the assets outlined in the CVA were acquired on the 12th May 2012 by Sevco 5088 Ltd based in England. The reason for the acquisition of the contract being by an English Company was to transfer the legal jurisdiction out of Scotland. Lord Hodge ruled the Ticketus contract could be dissolved under Scots Law, but not under English Law. 

By acquiring the contract by an English company, under English Law this allows Ticketus to pursue Craig Whyte.

SFA rules state that the "company" must be registered in Scotland to play in the Scottish League so they formed Sevco Scotland Ltd registered in Scotland which allowed them to play football in Scotland.

Charles Green and Imran Ahmed could have transferred the assets from Sevco 5088 Ltd to Sevco Scotland Ltd, but the lender wanted jurisdiction to stay in England. 

 Sevco 5088 Ltd borrowed the £8.5 million to complete the acquisition. This loan was a 12 month interest only loan. However they could not afford the interest payments so equity was transferred over to Zeus. They knew this was in breach FSA rules and put pressure on Green and Ahmed to find an alternative arrangement. As of the mid September the loan had not been repaid. On a trip to America and Canada by Charles Green and Imran Ahmed found some funding by selling a further 20% of equity for £8.5 million.


Now if we take a look at Financial Director Brian Stickbridge.

He worked for Allenby Capital (founded by Imran Ahmed) until January 2012 when he joined Zeus Capital with Imran Ahmed following in April 2012. He then re located to Glasgow in Febuary 2012. This is 100% a strategic move on behalf of Ticketus. People are looking at what Charles Green is up to but Brian Stockbridge is the man we should be looking at. Charles is merely a distraction.


The Share Issue

Charles Green was reported to the FTSE rules in 1998. Sheffield United's Board of Directors reported him for similar misselling of their floatation. Charles Green alone has set back Sheffield United 12 years and almost bankrupted them at the time. 

Would you buy shares with this guy?

The life of Brian

I thought I'd do a quick blog to support this brilliant piece I read on this http://boards.footymad.net/forum.php?tno=4&fid=27&sty=2&act=17&mid=2114206616

So lets look at this guy Brian Stockbridge.

Just remember Octopus own Ticketus and Allenby and Zeus work for Octopus.


15 June 2011

His company Allenby Capital were Brokers and Financial advisors for this deal in which Octopus Investments who own Ticketus were shareholder in. http://tools.morningstar.co.uk/uk/stockprofile/default.aspx?LanguageId=en-GB&SecurityToken=0P00007YZ9%5D3%5D0%5DE0WWE$$ALL&Id=0P00007YZ9&ClientFund=0&BaseCurrencyId=GBP&InvestmentType=E0

It's on Allenby Capitals website. http://www.allenbycapital.com/recent.html


January 2012

Brian Stockbridge Joins Zeus Capital. http://www.zeuscapital.co.uk/team/team_bs.php


14th Febuary 2012

Rangers go into Administration.


20th Febuary 2012

Brian Stockbridge moves to Glasgow. https://www.duedil.com/company/SC417413/stockbridge-capital-investment-limited

15 June 2012

Brian Stockbridge is appointed Financial Director of new company Sevco 5088.


I think we all know what direction the finances are going, Ticketus.