BrahimHemdani 1 Posted September 16, 2014 Share Posted September 16, 2014 I agree with you. Making that comment I was thinking that it was possible to achieve such a figure over time, but that full ownership in many of our lifetimes, is a pipedream . Fan influence is a realistic objective in the medium term, fan ownership is indeed a pipedream. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,292 Posted September 16, 2014 Share Posted September 16, 2014 As the 32red deal runs 3 years, the only apparent way to get money in might be "selling" Auchenhowie to e.g. Ashley (which might rid it of its creator's name) or taking up a loan with Auchenhowie as a security. If he buys / secures part of the assets now, it is one step closer for him buying the club in the future, even though he'd not be the owner / majority shareholder now. Now that they have the money, I'd assume that we'll hear less of that at least till the AGM. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted September 16, 2014 Share Posted September 16, 2014 I'm number 42 btw. But I think the point is being missed here. The point is that 8000 different Rangers supporters have joined the RST at one point or another since 2003. Obviously the majority have not renewed at one point or another as live member numbers, while probably being at an all time high thanks to BR, will not be in excess of 2500 I wouldn't have thought. Please note I have no inside info on numbers, just been an interested observer and member since the start. Going back to the point, if the RST, and/or RF for that matter, could get 8000 fans to be paying in a monthly amount at the same time, it would be a great achievement and give us a real chance of progress. That might get you to 5% within a year IF there were willing sellers at say 25p/share but honestly is 8,000 realistic. Even after there recent push, RF only "have around 1200 confirmed members with over 400 pending"; how many of the 2,556 RST members are paying monthly into the RST/BR? My guess is that the total of the two schemes is well under 2,000 and probably £20,000 or so a month. That isn't going to get the job done. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted September 16, 2014 Share Posted September 16, 2014 Over 45,000 traded today between 20.63 p and 18.9 p , not looking good for the next major share issue , god only knows what price they will be offered at , infact there is going to reach a point that a new share issue is pointless as its wont realise a decent return on share capital It was inevitable that the price would fall below 20p; Club now valued at £12.5m. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,307 Posted September 16, 2014 Share Posted September 16, 2014 It was inevitable that the price would fall below 20p; Club now valued at £12.5m. Will someone/some organisation be tempted to try & buy club at that price? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,186 Posted September 16, 2014 Share Posted September 16, 2014 Will someone/some organisation be tempted to try & buy club at that price? Big difference between the standard LSE valuation and what influential shareholders want for their holding. 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted September 16, 2014 Share Posted September 16, 2014 I still think the biggest discouragement to these schemes is that fans are not actually buying shares but donating money to a fan group to buy shares for that group. As someone pointed out, many people leave fan groups, for whatever reasons but it doesn't seem like they can take their shares with them - especially if they start to disagree with the fan group which has historically happened. I think it would be more encouraging if fans put a money into a scheme whereby they are allocated the appropriate number of shares in a database and get a pro-rata vote when electing representatives and other polls. Then after a set period of time, if they wish to leave they just need to pay for the administrative fee for transferring the owneship of the appropriate number of shares that they have accumulated. Or they can sell the shares back to the group at the current price, which is then paid for by the monthly income. When the scheme has enough for a certain amount of shares and the price is stable or low, it buys them and allocates them to the subscribers pro-rata (obviously with each person having a "remainder" amount that is used next time). The point being that you pay for your shares and have control of them as well as being more of an investment where you can get some cash back if you are in financial difficulty. If the other schemes work that way then I've got it wrong - but it's not the way it all comes across. It all just seems like a charity payment that you never see again, and other people have control - which sounds a tiny bit like the Rangers board... 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,307 Posted September 16, 2014 Share Posted September 16, 2014 Big difference between the standard LSE valuation and what influential shareholders want for their holding. But if someone managed to acquire 29% then they'd only need to offer 90% of the highest shareprice in the previous 12 months for remaining shares do they not ? not a lot of money by any means is it? Some of the institutions may now want out surely? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,186 Posted September 16, 2014 Share Posted September 16, 2014 But if someone managed to acquire 29% then they'd only need to offer 90% of the highest shareprice in the previous 12 months for remaining shares do they not ? not a lot of money by any means is it?Some of the institutions may now want out surely? I'm not sure of the various ins and outs but I don't think you're information is correct with regard to a mandatory offer level. Neither would anyone need to accept in any case. I'd have thought many people would want out - see last week's poor open offer results - but some may prefer trying to see this out until we return to the Premiership whereby the share price may rebound to a degree. Too many questions at this stage but I'd fancy December into January may start to provide answers. 0 Quote Link to post Share on other sites More sharing options...
Hildy 0 Posted September 16, 2014 Share Posted September 16, 2014 The fan ownership dream is to be club - not a club controlled by a company. The club would be owned by its members - not its shareholders. This idea that we can settle for being a minority with serious influence needs to be knocked on the head. A fan minority group against a majority shareholder or a cabal of hedge funds and fast buck merchants will exert no meaningful influence at all. As for pipe dreams, I'm sure the same thing was said to nationalists who wanted an independent Scotland. They didn't settle for bring a minority and now they are a whisker away from seeing their 'pipe dream' becoming a reality. Don't settle for anything less than fan ownership for Rangers. Have the dream and work towards making it happen - because it really can happen. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.