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Rangers share offer prospectus (PDF) 122pages.


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It also earmarked a not insubstantial wedge in respect to board remuneration and potential bonuses considering we're on target to make a loss of circa £3.5m this season then it's beyond doubt that some of the IPO money is earmarked to satisfy the remuneration and bonuses.

 

"Working capital", eh?

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The time of year was what stopped me buying into Murray's share issue - but looking back I saved a bit of money there. This year I have enough savings but I can see my money just disappearing into the pockets of the early investors.

 

I don't mind the value of my shares disappearing naturally if all the money goes towards making Rangers great again but I can't help feeling like this is just a get rich quick scheme.

 

It shouldn't have been this way. All it took was a rich Rangers fan to do what Green did, then sell the club fully to the fans while bowing out and taking say £1m for his trouble. That's the lifetime earnings of many fans.

 

I can see the fat cats leaching off our club for years to come and I don't like it. Maybe the banks are right and you need to give huge bonuses in order to get your company to the highest level but it really sticks in my craw.

 

Business these days really does look like a pyramid system which huge earnings for those at the top while the rest are screwed - even more so when you replace customers with fans.

 

I want to invest in Rangers Football Club but not in a scheme where the protagonists are quoted as seeking to "make huge amounts of money" [CG].

 

It will probably deny Rangers some working capital but I think I'm going to be business like myself and wait till the share price drops post issue and buy some then. The club won't get new money but as someone once said, someone bought those shares to start with on the premise they could sell them on and so the money has been paid.

 

Who would by a new car without the second hand market? That's why low depreciating cars are more attractive and by buying used you are still propping up the business of the manufacturer.

 

I'm pretty sure those of us passing on the present opportunity to invest will have other opportunity in the not too distant.

 

When those from across the city laud McCann they forget to mention the various dilutive issues of equity they've had since since the initial offering.

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The money will be flying off in every angle, apart from where it's actually needed, the team. Barely a word in the prospectus about money set aside for players. I'd rather have a new centre half, than a smart new bar that i'll probably never see/use.

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You keep mentioning this obvious point without looking at it beyond it going in. Of course the money will go into the club, it's how much of it stays in the club/gets invested in the club and how much comes back out into the new owners (and their associates) pockets (or own companies?) that's got some people concerned. Nobody is saying the money is going to be going in the front door and straight out the back, but it's certainly going to be leaving the club again and it's where it goes that's the issue.

I get that but it seems to me this can all be several years down the line when we could hopefully be very close to being back to what we were.

 

I'd be more than happy to see £500 of my cash go towards developing our home for example. I'm actually pretty jelous of calscot being able to afford it.

 

It's not that I can't understand the concerns, I just feel the ideal of a rich Rangers man bankrolling us for little or no return is unrealistic, the best way to keep the board on their toes is to try and get a fan voice and as far as I can see share issues like this is the way to go.

 

Of course if i win the euromillions tonight I may try and buy the whole thing!

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The money will be flying off in every angle, apart from where it's actually needed, the team. Barely a word in the prospectus about money set aside for players. I'd rather have a new centre half, than a smart new bar that i'll probably never see/use.

 

Working capital counts as paying players.

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I'm pretty sure those of us passing on the present opportunity to invest will have other opportunity in the not too distant.

 

When those from across the city laud McCann they forget to mention the various dilutive issues of equity they've had since since the initial offering.

I hope so, hopefully be in a better position next time.

 

Little gutted to have to give this a miss.

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I hope so, hopefully be in a better position next time.

 

Little gutted to have to give this a miss.

 

You should hope not, there won't be need for more equity if we're setting the heather on fire.

 

Best outcome for the club is if you and the likes of I have to purchase in the market at a cost substantially higher than the offer price.

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