London Based Property Developers and Rangers

[Frankie 8,199]

Interesting I guess. Swiss Alps must have been busy last week...

[Frankie 8,199]

New statement mate. Doesn't say too much more than the last one thought.

[wabashcannonball 0]

More of the same.

 

Regulatory Story

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Company Rangers Football Club Plc

TIDM

Headline Statement re Possible Offer

Released 18:17 26-Oct-2009

Number 91816-C873

 

 

The board of directors of The Rangers Football Club plc ('Club') is aware of the recent speculation and various comments in the media over the weekend. The Club's board has been advised by its principal shareholder, Murray International Holdings Limited ('MIH'), that it is considering options regarding its shareholding in the Club and this may or may not lead to MIH disposing of some or all of its stake in the Club to a third party. These considerations are still at an early stage and may or may not lead to any offer for the issued shares of the Club. The directors of the Club will keep shareholders advised of key developments. In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Club announces that, as at the close of business on 26 October 2009, it has issued share capital of �£10,879,150. The share capital is represented by 108,791,499 fully paid-up ordinary shares of 10 pence each. The ISIN reference of the Club ordinary shares is GB0007237380. Contact: Donald McIntyre Rangers Football Club 0141 580 8500 Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of the Club, all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of the Club, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of the Club by any potential offeree company or by the Club, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at http://www.thetakeoverpanel.org.uk. 'Interests in securities' arise, in summary, when a person has long economic exposure, whether condition or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control or securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel. Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel. The directors of The Rangers Football Club plc accept responsibility for this announcement. END

Edited March 6, 2010 by wabashcannonball

[Jim White 0]

Old Firm giants Rangers have refused to rule out the possibility of a consortium taking over the cash-strapped club.

 

More...

[ascender 352]

Traynor seems to think there's something in the offing, but I seem to remember he said something similar about 6 months ago.

[maineflyer 0]

I'm not convinced but I just hope it's the real thing this time. Albeit that none of us can fully judge new owners in advance, on a personal basis I feel a huge need to see the back of David Murray. Everyone is free to see Murray in whichever light they want but, for me, he's been an utter disaster for Rangers these last ten years and I can hardly wait to celebrate the cleansing that will come when he sells. Therafter I hope I never have the misfortune to hear his name again.

[Zappa 0]

Does anyone know if these supposed interested parties are Rangers supporters? If they're not Rangers supporters then they're either indifferent in their allegiances in Scotland or high flying mopes trying to upset the club in a last gasp attempt to get us dropping points on the park.

[metlika 0]

I'm taking this with a pinch of salt. While I would like a takeover soon I would like the right people in place. Plus I not sure if bids have been formerly made.

 

One of the names, Andrew Ellis, I think hasn't been good for any club he has been at. Hopefully Murray picks the right person as I don't want owners completely destroying our club a bit like Portsmouth and maybe like Hearts.

[ascender 352]

But there you go, that's part of the problem. Murray has been adamant in the past that he'll only sell to people who he thinks have the best interests of the club at heart and have money to actually invest in the playing side.

 

I've been wondering for a while, is a debt-free & well-run Rangers a reasonable business prospect as far as football clubs go? If so, maybe that will mean we attract the interest of some non-supporters.

 

 

Mike

[chilledbear 16]

But there you go, that's part of the problem. Murray has been adamant in the past that he'll only sell to people who he thinks have the best interests of the club at heart and have money to actually invest in the playing side.

 

I've been wondering for a while, is a debt-free & well-run Rangers a reasonable business prospect as far as football clubs go? If so, maybe that will mean we attract the interest of some non-supporters.

 

 

Mike

 

Agree Murray said that in the past, but different circumstances now.