der Berliner 3,357 Posted October 14, 2012 Share Posted October 14, 2012 On a sidenote ... from arabianbusiness.com Dubai-linked football club eyes London listing Scottish football club Rangers, in which Dubai businessman Arif Naqvi is the biggest shareholder, has announced its intention to list on the AIM market of the London Stock Exchange. Rangers said it intends to raise up to £20m through an institutional investor placing and limited public offering. Arif Naqvi, chief executive and founder of private equity firm Abraaj Capital owns just under 18 percent in the club which went into liquidation during the summer. Naqvi is said to have invested £2m in the club in June. The funds by the listing will be used for strengthening the player squad, improving and developing the club’s properties and facilities, as well as providing additional working capital. It is anticipated that listing will become effective before the end of the year, Rangers said in a statement. Since its formation in 1872, The Rangers Football Club has become one of the world’s most successful clubs, having won 54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners’ Cup in 1972. Charles Green, chief executive of Rangers, said: “From the time we acquired the business and assets of Rangers FC, we indicated our intention to list the company and provide our fans with the opportunity to invest in their club. I am delighted that our plans are coming to fruition. “Rangers is debt-free and a huge club with enormous support and a 140 year track record of success on the domestic and international arenas. Our aim is to return the club to its glory days whilst ensuring it is run efficiently and profitably.” Rangers, who have dominated soccer in Scotland with Glasgow rivals Celtic for decades, were forced to relaunch this season from the lowly fourth tier of the game following their financial crisis. The decision represented a spectacular fall from grace for the 54-times Scottish champions. Rangers went into administration in February before a takeover last month by a consortium led by English businessman Charles Green. Naqvi, who founded Abraaj in 2002 and has raised $7bn since then, said in March he believes an IPO will provide the company with a currency to continue to grow. Dubai-based Abraaj Capital, the Middle East's largest private equity firm, owns stakes in Orascom Construction, budget carrier Air Arabia and supermarket chain Spinneys. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted October 14, 2012 Share Posted October 14, 2012 Green was discussing the Ibrox side's potential involvement in a European League, which he believes will be formed in the future because "big teams can't keep subsidising small teams". He was also quoted as saying: "How can Manchester United's revenues be £320m and Aston Villa, who are completely useless, get £250m?" A statement from Rangers read: "Rangers chief executive Charles Green has apologised to Aston Villa following a press briefing last week in which he referred to the Midlands club. "Mr Green has sent an apology to Aston Villa saying there had been no intention to cause offence." http://www.sportinglife.com/football/news/article/165/8165103/green-apologises-for-villa-jibe Now we can easily forget it. 0 Quote Link to post Share on other sites More sharing options...
alexscottislegend 2,121 Posted October 14, 2012 Share Posted October 14, 2012 There's a reason why no seriously moneyed Rangers supporter has invested despite repeated and strenuous attempts by Green to get them to do so.Dear forlan - please get the avatar of FS back please! 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,066 Posted October 14, 2012 Share Posted October 14, 2012 Dear forlan - please get the avatar of FS back please! The avatar wasn't of Forlan's sister it was of Faria Alam. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted October 14, 2012 Share Posted October 14, 2012 The avatar wasn't of Forlan's sister it was of Faria Alam. Sven likes this. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,513 Posted October 15, 2012 Share Posted October 15, 2012 http://www.eveningtimes.co.uk/ranger...4320n.19139335 Gers chief executive Green launched a share issue last week he hopes will raise £20million for the Ibrox club. But the English businessman has publicly admitted in the past his group are looking to make a profit on their £5.5million investment. Contextual targeting label: Finance And doubts remain among large sections of the Light Blues support about where their money will go if they choose to invest. However, Green has met with official supporters' groups and confirmed any cash raised will all be ploughed into Rangers. "In recent meetings, both with ourselves and other fans' organisations, many of the issues that have been troubling fans have been addressed," said Rangers Supporters Trust spokesman Mark Dingwall. "The money from the share issue will remain in the club and won't be distributed to his group through dividends. "In addition, the property assets of the club will remain within the club and will not be sold off. We welcome Mr Green's openness in dealing with the fans." Dingwall added: "We have asked Mr Green how his group plans to make money and he told us by uplifting the share value. "The only way they can do that and crystalise their investment is by having a properly run club. It is in their best interests for the club to flourish." He went on: "After all that happened under the stewardship of the David Murray and Craig Whyte regimes, Mr Green's group was always going to be examined very carefully. "But so far I think many fans have been very positive about the initiatives put forward by Mr Green and his group. "There has also been mention of non-executive directors being appointed to oversee the corporate governance of the club. "Having a unified fans' voice and representation on the board is positive. Fans are capable of playing their part in the running of the club." 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 15, 2012 Share Posted October 15, 2012 as ever greens saying all the right things. its up to the individual if they believe him and if they invest. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted October 15, 2012 Share Posted October 15, 2012 The RST backed Whyte till the death. Make up our own minds, wait and see the prospectus. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted October 15, 2012 Share Posted October 15, 2012 I won't be investing for my own reasons, contribute plenty through season tickets being the main one. But I have no reason not to believe Green, and if I won the lottery it would be a different story. 0 Quote Link to post Share on other sites More sharing options...
frost 0 Posted October 15, 2012 Share Posted October 15, 2012 There is something back to front about this whole share issue scheme, we have on-going criminal inquiry's and a yet to be completed administration/liquidation and a Judge to decide on a conflict of interest charge levelled against the administrators. How shares could be offered let alone anyone buy them under these circumstances beats me. 0 Quote Link to post Share on other sites More sharing options...
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