Rangers Plots Stock Market Return

[Steve1872 4]

The new owner of Rangers Football Club is close to appointing advisers to kick off a swift return to the London stock market.

I understand that the consortium led by Charles Green, which took control of the Scottish outfit in a cut-price £5.5m deal to acquire its assets in June, is poised to hire Cenkos Securities, the broking firm, to handle the flotation.

Cenkos is one of a number of brokers which have held talks with Mr Greenâ??s consortium in recent weeks, and it remains possible that another firm will be appointed if an agreement cannot be reached, according to insiders.

The listing is likely to see the newly-reconstituted Rangers, which began the season in the bottom tier of Scottish professional football, listed on the junior AIM market before the end of the year.

People close to the situation said that it could seek to raise as much as £20m, part of which is likely to be used to fund the acquisitions of new players.

Details of how supporters and investors will be able to acquire shares in the company, called The Rangers Football Club, will not be available for several weeks, insiders say.

Rangers' takeover and subsequent demotion to the Scottish Third Division capped an astonishing fall from grace for one of the biggest names in British sport.

The club's liquidation following the fiasco of the ownership of Craig Whyte culminated in a series of bitter contract disputes with star players, and the tax man.

Since the deal Mr Green, a former chief executive of Sheffield United, has struck a merchandising joint venture with Mike Ashley, the tycoon who owns Newcastle United and who may acquire a stake in Rangers as part of a stock market listing.

Mr Green believes that despite its recent travails, Rangers has considerable international potential as a sporting and leisure brand.

If Rangers successfully floats with a valuation of around £30m, that could augur well for the prospective valuation of the clubâ??s 'Old Firm' rivals, Celtic, which is also listed on AIM.

There have been few new stock market flotations of major British football clubs in recent years, with Manchester Unitedâ??s recent listing in New York being a rare example.

The club declined to comment.

http://news.sky.com/story/981908/exclusive-rangers-plots-stock-market-return

[Super_Ally 0]

Dont get the Celtic mention at the end.

[pete 2,499]

Dont get the Celtic mention at the end.

 

Obviously publicity for us will also shine a light on them that is just the way it is. I am afraid when it comes to neutrals Rangers and Celtic are joined at the waist.

[forlanssister 3,066]

Prospectus should make for an interesting read.

[Zappa 0]

Prospectus should make for an interesting read.

 

Ah canny wait!

 

Prediction: Not enough information given.

[pete 2,499]

Prospectus should make for an interesting read.

 

For the Money illiterate amongst us.

 

Prospectus (finance)

From Wikipedia, the free encyclopedia

 

 

In finance, a prospectus is a document that describes a financial security for potential buyers. A prospectus commonly provides investors with material information about mutual funds, stocks, bonds and other investments, such as a description of the company's business, financial statements, biographies of officers and directors, detailed information about their compensation, any litigation that is taking place, a list of material properties and any other material information. In the context of an individual securities offering, such as an initial public offering, a prospectus is distributed by underwriters or brokerages to potential investors.

[foggy dewhurst 0]

cant wait to get my share prospectus

[the gunslinger 3,366]

Ah canny wait!

 

Prediction: Not enough information given.

 

I don't think they can realistically hope to shift enough shares if they don't.

[rbr 1,247]

It really depends a great deal on how this share issue is formulated , ie will there be different types of shares ala the beasts with their preference shares and ordinary shares , Man Ure just did the exact same thing in New York where all the share's sold were non voting shares .

 

I cannot see the consortium, who have put money into buying us just giving up control somehow

[Bluedell 5,376]

As I've said before, I fear that Green will find that there's a massive difference between fans getting behind the club and buying season tickets and investing in shares after seeing their previous investments turn worthless. Buying a season ticket and being confident that I will be able to attend the games this season is totally different from buying shares.

 

I'm reasonably happy with Green and the way he is running the club and I have a fair amount of trust in him, but has he done enough that I'm going to pay over, say, £1,000 in shares?

 

I just don't see what anyone could do to get rid of the unease that has been created Murray and Whyte that makes me think that I may not invest.

 

I will study what is being issued and would like to feel that I will invest but it may be a case of once bitten.... and there will probably be many feeling the same as me.