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Club1872 purchase some of Dave King's shares


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Major Share Purchase Announcement

Dear Contributor,

Club 1872 is pleased to announce the purchase of a further 2,250,000 shares in RIFC Plc, taking our total shareholding to 22,202,838. This represents 5.13% of the total issued share capital of RIFC Plc and returns Club 1872 to the position of 6th largest shareholder.

The shares were purchased for 20p per share at a total cost of £450,000 from New Oasis Asset Limited (Dave King's family trust). This price represents a 20% discount on the most recent share issue of RIFC Plc.

The year from December 2020 to December 2021 saw Club 1872 take in the largest level of donated funds for a single year in the organisation's history - a remarkable achievement in such trying times. This is testament to the incredible dedication our Contributors have for fan representation at Rangers and we thank them for their continued support. 

Club 1872

 

 

 

 

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2 minutes ago, Bluedell said:

C1872 actively diverting cash to a third party that could have gone to the club . Disgraceful.

Will the club sell them shares? Seems to be a impasse at the moment. I agree that monies are better invested directly with club.

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17 minutes ago, BEARGER said:

Will the club sell them shares? Seems to be a impasse at the moment. I agree that monies are better invested directly with club.

They did a couple of times last year and given the club issued new shares to someone less than 2 months ago, why would they refuse C1872?

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2 hours ago, Bluedell said:

C1872 actively diverting cash to a third party that could have gone to the club . Disgraceful.

Erm..... 

 

They are an organisation set up to buy shares, they have bought shares.

 

They were never set up to "fund the club".

 

They bought them from King, sure if Park et al had offered them the same deal / opportunity, they'd have snapped them up.

 

(Disclaimer - I'm no fan of Club1872)

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32 minutes ago, CammyF said:

Erm..... 

 

They are an organisation set up to buy shares, they have bought shares.

 

They were never set up to "fund the club".

 

They bought them from King, sure if Park et al had offered them the same deal / opportunity, they'd have snapped them up.

 

(Disclaimer - I'm no fan of Club1872)

They have the option of funding the club, although they've already lied about that before. 

 

Their priority is to buy shares from King and not the club. It's all about personal agendas and quid pro quo. 

 

Why would any supporter want hundreds of thousands of pounds that could go to the club to go to a third party?

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24 minutes ago, Bluedell said:

They have the option of funding the club, although they've already lied about that before. 

 

Their priority is to buy shares from King and not the club. It's all about personal agendas and quid pro quo. 

 

Why would any supporter want hundreds of thousands of pounds that could go to the club to go to a third party?

But if they can't buy shares that will then fund the club, they shouldn't buy shares?

 

They are buying shares from a man who (along with Park etc) saved the club. It's not as if they are buying them from Ashley. 

 

They and King made no secret of this, King also made no secret of wanting his money back - don't think we can have any issues on that front. 

 

Who'd you prefer King sold his shares to?

Edited by CammyF
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1 hour ago, CammyF said:

They are an organisation set up to buy shares, they have bought shares.

I thought they were set up to further the best interests of Rangers. Their method was to buy shares in pursuit of maximising fan ownership but their shareholding is being progressively diluted and their influence at the club is non-existent. They've achieved nothing, they have no influence, no seat at the table and appear to be at war with the club they purport to protect. The entire venture is a failure, shamefully conducted with other people's money and in breach of the goodwill that's allowed them to play this silly game.

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1 hour ago, Bill said:

I thought they were set up to further the best interests of Rangers. Their method was to buy shares in pursuit of maximising fan ownership but their shareholding is being progressively diluted and their influence at the club is non-existent. They've achieved nothing, they have no influence, no seat at the table and appear to be at war with the club they purport to protect. The entire venture is a failure, shamefully conducted with other people's money and in breach of the goodwill that's allowed them to play this silly game.

Not true, they were set up to buy shares and they are buying shares. 

 

I'm no fan of them but fail to see what they've done wrong here. 

 

The club appear reluctant to sell them shares so they can't invest in the club so what can they do? 

 

So who'd you rather buy Kings shares if not Club 1872? Maybe Mike Ashley? 

 

King has never hid his intentions to sell his shares, Club 1872 have never hidden their desire to buy shares - can't see what the issue is.

 

Or is the issue here that it's Dave Kings shares they are buying? 

 

As for Club1872s relevance, couldn't care less, I'm no longer a member. 

 

Edited by CammyF
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2 minutes ago, CammyF said:

Not true, they were set up to buy shares and they are buying shares. 

Assuming this isn’t just an alternative to collecting stamps, surely there was a purpose to it. 

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  • Frankie changed the title to Club1872 purchase some of Dave King's shares

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