the gunslinger 3,366 Posted February 8, 2013 Share Posted February 8, 2013 It's a holding company created around the time of the IPO to purchase the shares of Rangers Football Club Limited plc so that investments could qualify for tax relief. If you like, it's the company which owns the company which owns Ibrox. or possibly the company that owns ibrox and the company that owns the club. 0 Quote Link to post Share on other sites More sharing options...
Blue Moon 1,113 Posted February 8, 2013 Share Posted February 8, 2013 Thanks for answering guys. I really struggle with all of this but I am trying to keep up. Why do they need a company to own a company? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted February 8, 2013 Share Posted February 8, 2013 It's a holding company created around the time of the IPO to purchase the shares of Rangers Football Club Limited plc so that investments could qualify for tax relief. If you like, it's the company which owns the company which owns Ibrox. There's also a company which owns shares in the company which owns the company which owns Ibrox. 0 Quote Link to post Share on other sites More sharing options...
Blue Moon 1,113 Posted February 8, 2013 Share Posted February 8, 2013 There's also a company which owns shares in the company which owns the company which owns Ibrox. Thanks, Zappa. I thought I was just getting to grips with it. 0 Quote Link to post Share on other sites More sharing options...
Mountain Bear 0 Posted February 8, 2013 Share Posted February 8, 2013 Ah so they are the old Sevco? If so, why wouldn't they own the stadium etc? Not quite. Rangers Football Club Limited are the renamed Sevco. They owned (and most likely still do) Ibrox. RIFC plc was created to buy that company. 0 Quote Link to post Share on other sites More sharing options...
Mountain Bear 0 Posted February 8, 2013 Share Posted February 8, 2013 There's also a company which owns shares in the company which owns the company which owns Ibrox. More than one!!! 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted February 8, 2013 Share Posted February 8, 2013 More than one!!! Very true sir! 0 Quote Link to post Share on other sites More sharing options...
Blue Moon 1,113 Posted February 8, 2013 Share Posted February 8, 2013 (edited) i could be wrong but i dont think they are the old sevco. the issue is you could sell the club minus the stadium as things stand if this is true. thats one of the issues at least. So is this different to how things were run previously? As I understand it, the football club and the the business that runs it are separate entities. So are you saying that previously the stadium etc were part of the football club? Edited February 8, 2013 by Blue Moon 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 8, 2013 Share Posted February 8, 2013 So is this different to how things were run previously? As I understand it, the football club and the the business that runs it are separate entities. So are you saying that previously the stadium etc were part of the football club? well i have my own views on that but lets say in the past the same company owned both. that MAY not be the case anymore. 0 Quote Link to post Share on other sites More sharing options...
Blue Moon 1,113 Posted February 8, 2013 Share Posted February 8, 2013 Not quite. Rangers Football Club Limited are the renamed Sevco. They owned (and most likely still do) Ibrox. RIFC plc was created to buy that company. So Charles Green was talking rubbish then? 0 Quote Link to post Share on other sites More sharing options...
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