Discussions formally opened with 'certain interested parties'

[Zappa 0]

Share price has risen by 35% since close of business on Friday, something not adding up.

.

Now that IS interesting!

[ian1964 10,416]

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Now that IS interesting!

 

Is it ?, what does that actually tell us about Rangers FC ?

[wabashcannonball 0]

Probably that Minty is a lot cleverer than some give him credit for.

[Bluedell 5,329]

Share price has risen by 35% since close of business on Friday, something not adding up.

 

No it hasn't.

 

Current mid price is 44.5p. Most of the deals since mid Feb have been at 42.5p, although there was one done on Friday at 40.5p, but the reason for the lower price could possibly be that is was bigger volume (8,000 shares), which drove the price temporarily down.

[wabashcannonball 0]

Really, last trade Friday 8000 shares at 35p last trade today 50 shares at 47p previous to that 10,000 at 44p. the mid price is exactly that. http://www.plusmarketsgroup.com/data.shtml?ISIN=GB0007237380/GBX/PLUS-exn

[OnlyOneAmoruso 0]

Fan's representatives (not every fan remember, just the one who want to be represented :fish:) have their say.

 

 

The formation of an independent directors’ group to ensure a takeover of Rangers is in the best long-term interests of the Ibrox club was today welcomed by a senior fans’ representative.

 

It was announced today that the independent directors, comprising chairman Alastair Johnston, chief executive Martin Bain, directors John McClelland and Donald McIntyre and club legend John Greig, will examine bids for the club.

 

A statement released by the Glasgow club revealed the new body would consider the “full implications” of any offer and try to ensure it is “able to demonstrate the capacity and commitment to provide a stable and sustainable future for RFC”.

 

The move comes after it was confirmed this morning that Murray International Holdings had entered into discussions with certain interested parties, including the London-based millionaire property developer Andrew Ellis.

 

And John Macmillan, general secretary of the Association of Rangers Supporters Clubs, is hopeful the development will ensure that Sir David Murray’s majority shareholding is sold to the right man for the club.

 

He stated: “This is hopefully the safeguard which we need to ensure that whoever takes control of Rangers has the best interests of the club at heart and is the right man to drive the club forward in the future.

 

“I am not sure where Sir David Murray sits in all of this. He is the majority shareholder and anything that happens in the future has to have his blessing. Hopefully, though, he will be advised by the independent directors.

 

“This body has been put in place to ensure that nothing untoward happens. Some things can look quite glossy on the outside, but when you really get into things then all is not so rosy. Hopefully, this move will ensure there are no nasty surprises.

 

“I think the fact that John Greig is involved in this will please many of the supporters. He is a guy who genuinely has the interests of the club at heart. Hopefully, we are heading in the right direction and something will happen soon.”

 

However, Rangers Supporters Trust chairman Stephen Smith wants to see the supporters given a more hands-on role in discussing the future of the Ibrox club and urged the independent directors to get them actively involved in the process.

 

And he also expressed his unease about the possibility of another wealthy benefactor taking over the running of Rangers – given the serious financial difficulties the debt-ridden Scottish champions are facing at the moment.

 

Smith said: “While I have no personal doubt that Alastair Johnston, John McClelland, Martin Bain and company believe they will be acting in the best interests of the club, that may not be compatible with the interests of the support.

 

“The interests of the support have to be taken on board. Alastair Johnston can’t just tell the rabble: ‘This is safe in our hands.’ They have to do far more than that. They have to look to get the support involved in this.

 

“The support want to be actively involved. We need fundamental change, to bring the support and the club together. And not just the Rangers Supporters Trust either. We want the Assembly and the Association involved as well.

 

“We are fairly close to the existing board and are involved in regular dialogue with Martin Bain. But we want to build on that.

 

“I don’t doubt that these guys are Rangers fans, we just want them to act like Rangers fans. I have no doubt that Donald Muir would say he is a Rangers fan too, but that doesn’t mean he is going to act in the best interests of the football club.”

 

He added: “I am quite happy to sit down and talk to anybody who is willing to invest in the club, but I don’t think we want to swap one rich owner for another rich owner. We have had one rich owner who has run us to the brink of administration.

 

“Unless they engage the support and examine a membership scheme and make changes in the way Rangers is run then we are going to end up in this position again. We have had a paternalistic model before and it didn’t work. We are in a situation where the club is working hand to mouth.

 

“I would say there are many many successful fans-run clubs out there. The fans of Barcelona, Hamburg and Bayern Munich, as well as many other clubs where the fans own 51 per cent or more of the football club, would say so. They have control of their clubs in the middles of a recession and face the problems we face.” Trust chairman Smith also voiced his scepticism about the timing of the Ellis takeover bid – which comes the week after Rangers took a huge step towards retaining the Clydesdale Bank Premier League title with a 1-0 win over nearest challengers Celtic.

 

He explained: “The Old Firm result basically secures that the club is going to qualify for the Champions League next season and bank between Ã?£10million and Ã?£12m. There is absolutely no doubt in my mind that is why this bid has come in now. A business which has a turnover of Ã?£40m all of a sudden has a turnover of Ã?£52m.

 

“At a time when Rangers is having difficulties bringing in players, it is insane to think about selling Murray Park. We have to be more creative.”

 

Edited March 8, 2010 by Frankie

[Bluedell 5,329]

Really, last trade Friday 8000 shares at 35p last trade today 50 shares at 47p previous to that 10,000 at 44p. the mid price is exactly that. http://www.plusmarketsgroup.com/data.shtml?ISIN=GB0007237380/GBX/PLUS-exn

 

The chart made it appear that the deal on Friday was at 40.5p.

 

However the fact remains that the market mid price closed at 40.5p on Friday and the midprice is now 44.5p, so it has only increased 10%.

 

http://www.plusmarketsgroup.com/chart.shtml?ISIN=GB0007237380/GBX/PLUS-exn

[wabashcannonball 0]

That will be why Murray is driving the market value up, shrewd guy.

[Frankie 8,150]

FF really need to remove 'the enemy within' stuff...

 

A bit pass�© now surely...?

[Frankie 8,150]

That will be why Murray is driving the market value up, shrewd guy.

 

Surely the value will rise more and more the closer we get to the SPL title...?

 

I think that point has been made several times recently.