Dec 142012

A Link Across The Ages




The Pyramids of Giza; The Hanging Gardens of Babylon; The Statue of Zeus at Olympia; The Lighthouse of Alexandria; The Colossus of Rhodes; The Mausoleum at Halicarnassus. These ancient combinations of architecture, engineering and craftsmanship amazed the people of old. Stretching from Greece, across the sands of Egypt to where we find modern day Iraq, these truly were marvels of human endeavour.

Some of you may have noticed that I have only listed six of the “Seven Wonders of the Ancient World” so far. The wonder I have yet to discuss is The Temple of Artemis at Ephesus. Many of you are likely wondering “what on Earth does this have to do with Sevco?”, but bear with me. The Temple of Artemis, the remains of which can be found in modern day Turkey, stood for over a thousand years. However, in this time, it was completely destroyed on two occasions, before being rebuilt again.

Initially, a great flood destroyed the building of old in the seventh century BC, before a fire (started on purpose) destroyed the newer building in 356 BC. It is unclear exactly how the third building met it’s fate, as it suffered from disrepair, and attacks from Germanic tribesmen.




Nothing lasts forever. Not the Hanging Gardens, not the Colossus, not Rangers, and not Celtic. Whilst we all feel Celtic will last forever, this isn’t the case on the grand scheme of things. At some point in the future, all Football Clubs, and perhaps all of humanity, will meet their end. In all likelihood, this will be long, long after all of us have shuffled off this mortal coil. It could be thousands, if not tens of thousands of years. However, when we consider the fact that one day the Sun will die, we must remember that all things on Earth, Football Clubs included, are finite in the truly long term. In saying that, a million years is but a drop in the ocean in galactic terms, and thankfully Celtic show no signs of ill health at this point in time.

Rangers, on the other hand, have already met their fate. Like the great flood that destroyed the Temple of Artemis, a flood of creditors, repayment orders, and scandal engulfed Rangers Football Club as it took it’s final breath earlier this year. Now, if you look down Ibrox way, you will find that a new Club has been built in place of it’s predecessor, a second Temple, if you will.

However, the story of old tells us that the second Temple was destroyed by fire. Not only that, the fire was intentionally started by a man seeking fame and notoriety for his actions, Herostratus. Upon the discovery of his crimes, Herostratus was executed, and uttering his name was soon made punishable by death.

So the question comes, “Will a proverbial fire, ignited by a modern day Herostratus, engulf “The Rangers Football Club” and destroy the second Temple?”

When Rangers Football Club liquidated, the list of unpaid creditors was a lengthy one. These individuals and groups were owed money by the Club and, with the it’s death, came the loss of these debts. For example, the local newsagents would never see their £567.45. However, whilst there was little “Bhutta’s Newsagent” could do about this, that may not be the case when it comes to the largest private creditor of them all, “Ticketus”, who were owed over £26,000,000 by Rangers.

To begin, cast your eyes over a portion of page 5 from TRFC’s recent share prospectus document.





The top list shows those individuals/groups who currently have a shareholding in TRFC of 3% or higher, whilst the second lists those individuals/groups who will hold a minimum of  a 3% shareholding in TRFC post-share issue. Amongst these names, you will have most likely noticed “Artemis Investment Management LLP”, but more on them in a moment. I would also like to bring “Hargreave Hale Limited”, “Legal & General Investment Management Limited” and “Insight Investment Management (Global) Limited” to your attention if I may.

Combined, these companies will hold almost 23% of the shares in TRFC post share issue (providing it is fully successful). Charles Green, the man Craig Whyte alleges he suggested to Duff & Phelps, stands to benefit hugely from this share issue. He paid approximately £50,000 for his 5,000,200 shares initially (one pence each), and yet now he is set to ask seventy times this price for fans of the new Ibrox Club if they wish to join him as a shareholder.

Now, moving onto a company known as “Enteq Upstream PLC”. If you were to check this company out online, you would be able to attain the following list of shareholders.




One name that will jump out to some of you will be that of “Octopus Investments”. However, I would presume most, if not all of you, will not have heard of any of the other groups or individuals. Now, the accounts filed with Companies House by Enteq Upstream PLC tell a slightly different story with regards to their shareholders. You can see this list below.




Immediately, you will notice the presence of  “Artemis Investment Management”, “Hargreave Hale”, “Legal And General Investments”, and “Insight Investment”, as well as the aforementioned “Octopus Investments”. Now, a quick look into the infamous “Octopus” tells us what most people already know.




Now, I have no intention of indulging in speculation in this article. All of the information above is fact, and it is readily accessible to anyone who wishes to research it. It is clear that, on some level, Octopus, the owners of Ticketus, and some of the new investment groups in TRFC can indeed be linked. Perhaps this is simple coincidence? After all, the business world is vast. Perhaps not?

I’ll leave you to draw your own conclusions, but don’t forget the story of The Temple of Artemis, which fell first to flood and then to fire, before it was to take it’s final form.

  One Response to “The Sevco Wonders Of The Ancient World”

  1. vry well researched,maybe hmrc are aware of this anomaly?maybe not …but they soon will be!!

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