Largest Shareholder

[craig 5,195]

i thought blue pitch was 20 odd %, seems it is only 18?

 

Probably 18% as the club will have issued further shares to other people since that time, which would have diluted their shareholding.

 

I dont know the inner workings clearly but it is plausible that the investors have invested X amount of pounds for Y number of shares. At the time of purchase this will be reported as a certain %age but as more shares are issued the %age changes.

 

Eg, kuznetsov buys the first 100 shares in Rangers for 1,000 quid. He now owns 100% of Rangers. gunslinger then buys a further 100 shares for 1,000 quid. Kuznetsov now owns 50% of the shares (100 out of 200 shares) and gunslinger now owns 50%. Every time there is a new issue of shares the original shareholder and any other subsequent shareholder sees their shareholding dilute.

 

Now, I am not saying this is what has happened but it is plausible. The issue with it would be to comfort the shareholders as their shareholding is diluted - but that can be done in the initial conversations with them as to how the shares are being valued. e.g total shares to be sold are 1,000 and the total cash brought in will be 10,000 - somebody buys 150 shares and it will cost them 1,500 - so they ultimately will have a 15% shareholding even though it looks higher whilst the club is looking for investors to take up the full share allotment.

 

Clear as mud ?

[bossy 0]

that tim mclaughlin has a cheek. bears should be telling him on twitter it is old news.

 

Yeah, it was reported on FF and RM. It was then picked up buy that lawyer guy on Scots Law Thoughts who probably got it from FF/RM. So it has been out there for some time.

[forlanssister 3,050]

Yeah, it was reported on FF and RM. It was then picked up buy that lawyer guy on Scots Law Thoughts who probably got it from FF/RM. So it has been out there for some time.

 

He does that on a regular basis.

[ian1964 10,413]

Sport Football Football News Rangers FC

By Derek Alexander 3 Comments 26 Aug 2012 11:25

Rangers investor in £6m donation to Palestinian orphans

 

Arif Naqvi's firm made the donation to a trust who pay for orphans in Palestine to go to school.

 

 

 

RANGERS money man Arif Naqvi donated more than £6million to orphans whose *parents died during violence in the Gaza Strip.

 

Wealthy Naqvi’s Abraaj Capital put the cash into a trust who pay for Palestinian *youngsters to go to school.

 

More than 1800 children whose families were killed in the conflict between Israel and Palestinian militants in 2009 are to benefit from the cash.

 

Naqvi, 50, agreed to hand over more than £6million at a Middle East economic summit with King Abdullah II of Jordan three years ago.

 

Naqvi said at the time: “After the tragic events in December and January, we are now *focusing all this year’s philanthropic resources on ensuring education for the children in Gaza whose future would *otherwise be in question.”

 

The Dubai-based businessman was revealed as the largest single shareholder in Rangers on Friday. He took control of almost 18 per cent of the club after investing £2million in June.

 

Naqvi is also the man behind Blue Pitch Holdings – listed as the main shareholders in Charles Green’s consortium, with 23 per cent of the club.

 

His private equity firm are one of the largest in the world, with offices in Europe, Asia, Africa and the Middle East.

 

Yesterday, a source said he was unhappy that his role in newco Rangers has been unveiled.

 

The source added: “Naqvi really wanted to stay in the background at Rangers.”

 

It was also revealed on Friday that Rangers boss Ally McCoist owns around 4.5 per cent. Other investors include Imran Ahmad and Richard Hughes of Zeus Capital.