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Dave King to Sell Shares to Club 1872


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10 minutes ago, ranger_syntax said:

Control is always the priority. 

The vested interests of C1872 and Rangers make this somewhat different regarding approach.

 

Survival is priority

 

 

Control of what could (if things don't go well) become a financial basket case is of little use or value for that matter.

 

Financially supporting the club (the board are already doing a good job and are emotionally invested themselves) so as we can get to a stronger financial base to work from makes more sense to me. At that point, the control % aspect could be focused upon.

Edited by buster.
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1 minute ago, Waltersgotstyle said:

There are far more questions than answers surrounding this deal. £13m is a lot of money for a fans group to raise, a sum of that size should be going into the club not to any individual. I say this as a big Dave King fan as well. 

Does anyone know how club1872s % would look if the £13m was invested in a separate share issue? 

 

Also, what's club1872s model, £1300 for each of 10,000 members?

 

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20 minutes ago, Rick Roberts said:

Does anyone know how club1872s % would look if the £13m was invested in a separate share issue? 

 

Also, what's club1872s model, £1300 for each of 10,000 members?

 

It would be around 21%.

 

If they buy the shares from King then it's 25% but the club still needs the £14m and if that comes from Park/Bennett and they convert it into shares than C1872's % falls from the 25% back to 21%.

 

C1872 end up with the same % in the second scenario but none of their cash has gone to the club.

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