Richard Wilson - Herald - 16th May

[Blue Moon 1,113]

Not the first time Wilson has mentioned the TRUE financial position at Ibrox.

 

Must admit that worries me too.

[der Berliner 3,247]

Not the first time Wilson has mentioned the TRUE financial position at Ibrox.

 

Isn't this open information for all, if people would look at the right places?

 

The question would obviously be: "Who owns Rangers?" People cast wary glances towards Easdale et al, talk about "new owners" and whatnot. But even if they get a greater share than anyone, some 12% or whatnot, are they the owners? The biggest shareholder is not exactly the owner, is he? He may get a director's place, but there it stops? Just asking. As far as I see it, someone has to buy up 50+% of the shares to become "the owner" of the club and the next question would be: is that currently possible?

[Frankie 8,151]

This is rubbish and he continues with it. Maybe someone tells him?

 

King and another party "are monitoring" events ... that is essentially a non-info and the whole article is a rehash of the one of the BBC.

 

Probably a slip of the tongue (or a sub-editor's pen). To all intents and purposes the oldco will be liquidated though.

 

Other parties are monitoring the situation but it's debatable just how much influence they have.

[the gunslinger 3,366]

Is Blue Pitch the Easdales?

 

no. blue pitch are an origional investor the easdales supposedly came in at the ipo. if they even did.

[Bluedell 5,329]

no. blue pitch are an origional investor the easdales supposedly came in at the ipo. if they even did.

 

But the fact that they are an original investor doesn't preclude them from being the Easdales, does it?

[the gunslinger 3,366]

But the fact that they are an original investor doesn't preclude them from being the Easdales, does it?

 

no i suppose not. but it's not what we were told about the easdales or what we saw with them at ibrox for talks during the ipo.

[ian1964 10,416]

16 May 2013

Rangers International Football Club plc

("Rangers", the "Company" or the "Club")

 

Comment re Press Speculation

 

The Board of Rangers has noted the recent press speculation regarding a requisition for a General Meeting. The Board confirms that it has received such correspondence and is seeking to establish the validity of this requisition. Further announcements will be made as appropriate.

 

For further information please contact:

 

Rangers International Football Club plc

http://www.rangers.co.uk'>http://www.rangers.co.uk

Investor enquiries: Malcolm Murray, Chairman

Media Enquiries: James Traynor

 

Tel: 0141 580 8647

 

 

Cenkos Securities plc

 

Stephen Keys, Adrian Hargrave, Max Hartley (Corporate Finance)

Tel: 020 7397 8900

Russell Kerr (Corporate Broking)

 

 

 

 

Newgate Threadneedle

 

Graham Herring / John Coles / Roddy Watt / Fiona Conroy

Tel: 020 7148 6143

 

About Rangers Football Club

 

Rangers Football Club, formed in Scotland in 1872, is 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. The Club's loyal and sizeable supporter base, both in Scotland and around the world, enables the Club to boast one of the highest percentages of season ticket holders in the UK, with over 38,000 having been sold for the current season. Playing at the 51,082 seater Ibrox Stadium and benefitting from the world class 37 acre Murray Park training facility, the Club has been a dominant force in Scottish football for decades. This world class stadium, training infrastructure and a loyal and passionate global fanbase provide an excellent foundation for the Rangers Group.

 

Currently the Club is competing in Division 3 of the SFL, though it is the intention of the Directors and the manager for the Club to return to top level football as soon as possible. The history, facilities and ambition of the Club are such that the Club remains a desirable destination for foreign and domestic players alike. The first team squad is managed by Ally McCoist, the former Rangers forward, who remains the Club's all-time leading goal scorer.

 

For more information please visit the website: http://www.rangers.co.uk

[craig 5,199]

Isn't this open information for all, if people would look at the right places?

 

The question would obviously be: "Who owns Rangers?" People cast wary glances towards Easdale et al, talk about "new owners" and whatnot. But even if they get a greater share than anyone, some 12% or whatnot, are they the owners? The biggest shareholder is not exactly the owner, is he? He may get a director's place, but there it stops? Just asking. As far as I see it, someone has to buy up 50+% of the shares to become "the owner" of the club and the next question would be: is that currently possible?

 

Generally speaking even having ownership of 50%+1 share doesnt make you the "owner" - it makes you the majority shareholder and there will be shareholder votes that you can, on your own, either approve or veto. There are likely to be other shareholder votes that require "super-majority" which means you need 75%+1 in order to push through a vote or resolution.

 

Having 50%+1 vote certainly, though, gives you a very dominant position in terms of how the club will be managed.

[craig 5,199]

This is rubbish and he continues with it. Maybe someone tells him?

 

 

As Frankie says, this is merely timing. RFC Plc WILL be liquidated - hence why BDO are in doing the liquidation process just now. Why we continue to get all hot and bothered about something which no longer affects the CURRENT entity that manages the club is beyond me, especially over an entity that WILL be liquidated.

 

We have far bigger issues than worrying about whether the previous company is given the proper terminology in terms of status.

[the gunslinger 3,366]

i don't see a big issue with saying the oldco is liquidated. it's only a matter of time.