Crimson Dynamo 128 Posted November 13, 2012 Share Posted November 13, 2012 He might've put money into Rangers and thats great. But he stood idly by and let Murray and Whyte run us into the ground. I'm curious though what did his £20million buy him? Not shares anyway or any real say in what was going on. He claims to have owned 5% but was that even true? If I was investing that sort of money I would want a bit of power. The ENIC guy got 25% for his £40million. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 13, 2012 Share Posted November 13, 2012 he did get shares and I'm not so sure enic got 25%. the certainly got little power. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted November 13, 2012 Share Posted November 13, 2012 He might've put money into Rangers and thats great. But he stood idly by and let Murray and Whyte run us into the ground. I'm curious though what did his £20million buy him? Not shares anyway or any real say in what was going on. He claims to have owned 5% but was that even true? If I was investing that sort of money I would want a bit of power. The ENIC guy got 25% for his £40million. He had just under 5% till the unwinding of Murray Sports Limited then had 5.3% If you ever read the RFC accounts or Plus Markets announcements then details are in there. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted November 13, 2012 Share Posted November 13, 2012 A Rangers fan who spunked 20m of his own cash on us and he's not welcome yet a non Rangers fan whose sole intention is to take millions out of us is thought of as some sort of Messiah. It's a f*&ked up world. Another opportunity to slag Green is taken then. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted November 13, 2012 Share Posted November 13, 2012 Another opportunity to slag Green is taken then. How so ? 0 Quote Link to post Share on other sites More sharing options...
Crimson Dynamo 128 Posted November 13, 2012 Share Posted November 13, 2012 I will admit I don't have any real knowledge of how any of this works but how I see it is: In 97/98 Joe Lewis got 25% Rangers for £40 milliion which would value us at around £160 million. In 2000 or so Dave King got 5% for his £20 million which values us at £400 million. Then in 2001 Joe Lewis sold his 25% back to Murray for about £10 million when Rangers were apparently £80 million in debt and Murray had to do the share issue. I don't know what to make of Dave King. Perhaps he did it because he loves Rangers but from a purely business view that chain of events seems nuts 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted November 13, 2012 Share Posted November 13, 2012 I will admit I don't have any real knowledge of how any of this works but how I see it is: In 97/98 Joe Lewis got 25% Rangers for £40 milliion which would value us at around £160 million. In 2000 or so Dave King got 5% for his £20 million which values us at £400 million. Then in 2001 Joe Lewis sold his 25% back to Murray for about £10 million when Rangers were apparently £80 million in debt and Murray had to do the share issue. I don't know what to make of Dave King. Perhaps he did it because he loves Rangers but from a purely business view that chain of events seems nuts David Murray had an uncanny ability to persuade otherwise rational businessmen to part with their cash, add NTL and their circa £15m to that list. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted November 13, 2012 Share Posted November 13, 2012 I will admit I don't have any real knowledge of how any of this works but how I see it is: In 97/98 Joe Lewis got 25% Rangers for £40 milliion which would value us at around £160 million. In 2000 or so Dave King got 5% for his £20 million which values us at £400 million. Then in 2001 Joe Lewis sold his 25% back to Murray for about £10 million when Rangers were apparently £80 million in debt and Murray had to do the share issue. I don't know what to make of Dave King. Perhaps he did it because he loves Rangers but from a purely business view that chain of events seems nuts I would hazard a guess that he had to get rid of it or Mr Taxman was wanting some of it. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 13, 2012 Share Posted November 13, 2012 How so ? you used greens own words against him 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted November 13, 2012 Share Posted November 13, 2012 you used greens own words against him Well Green has said he's grown to care for the club. 0 Quote Link to post Share on other sites More sharing options...
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