02 Sep 2024 10:45:57
I’ve been told the problem with a buyer coming in to buy and take over Rangers FC is difficult for a number of reasons.
The main one is ownership of shares, it is so fragmented and diverse that negotiating and gaining agreement to purchase the club is fraught with difficulties, complex and complicated.
Larger shareholder groups want profit from their investment, for many its money, status and control, rather than what’s best for Rangers FC.
That small shareholders who want to own a small part of our great club, want to retain whatever % of shares they own as a heritage family thing. This diversity and large spread of shareholders is the main problem to acquiring new owners and their investment.
02 Sep 2024 12:03:20
Not true e.
02 Sep 2024 12:14:01
Spot on Bobby.
02 Sep 2024 12:15:12
BobbyMcK, that is not what I have heard! One various aspects relating to the Club have been taken care off then we will be in a good position for any related due diligence. There are suitors out there and in terms of 51% ownership we do nt have a complicated shareholder structure and certainly not one that would preclude interested parties from taking control.
02 Sep 2024 12:52:33
It's close, but there is no obligation on anyone to sell their shares. Wee Jimmy who invested £250 to get the share certificate framed and on his wall does not need to sell, although it might be worth his while in doing so. The OP makes it sound like an evil thing that anyone buying shares wants to make a profit, open your eyes! That is why so many people trade shares, to make money. Those that are good at it can make a fortune.
The only obligation as far as I am aware is that if anyone buys 30% plus of any business, they are obliged to make an offer for the remaining shares. There is no obligation on anyone, large or small investor, to accept the offer. Therefore the OP is flawed.
02 Sep 2024 12:55:51
Lots and lots of chat today about a deal being very close.
02 Sep 2024 13:27:07
Has anyone heard if there is even a sniff of a potential takeover?
Bennett and co don’t seem to be able to have the foresight or ability to move the club in the right direction.
They seem to make mistake after mistake.
The easy target who is out there in the open is Clement but he’s been given limited support.
A rebuild is a difficult thing to do at the best of times but a rebuild with limited backing is almost impossible especially when you have a fan base who demands wins every single game.
02 Sep 2024 13:41:48
I know Bennett invested large sums at I think 3% int are there similar loans in place? Would investers need to bear that in mind.
02 Sep 2024 13:42:10
Ehl where are you seeing this chat mate.
02 Sep 2024 13:43:01
Selling the club changes nothing can’t just come in and splash 50 million.
02 Sep 2024 13:52:42
51 % gets u majority of club
King 15%
Park 12%
Taylor 10%
Gibson10%
Borita holdings 6%
Bennett 5%
Perron investment 5%
Leathem 5%
1872 5%
Tifosy 4%
Johnston 2%
A total off 79%.
Buy out top six 53%
So the fans who buy 250 shares don’t need to sell to support a takeover
Live charts rangers share price right now has dropped 1.5 p since Friday. Price is 34 p.
02 Sep 2024 14:03:45
I'm hearing there has been interest with bigger shareholders sounded out regarding selling the shares. Original comment is wide of the mark regarding low stock investments of private fans owning a handful of shares.
They shares are irrelevant in the big picture,. 51% could easily be purchased when needed for a majority shareholder.
02 Sep 2024 14:06:05
Onewalter, the accounts detail who we own loans to at 4% if I remember correctly around page 62-66.
02 Sep 2024 14:43:31
OWS, within the club.
02 Sep 2024 14:54:10
Names have been mentioned in the past and as far as I am aware there is still interest from a number of prospective investors. The city is getting back to normal now after the holidays so perhaps there will be more rumours doing the round over the next few days.
Bennet will know the ins and outs of take overs and serious investment better than most and he will have taken on the Executive Chairman role for a reason.
Anyone coming in to this role with an eye on securing a major investor will have wanted to do their own pre-audit so that they were aware of what would be looked at in any due diligence and I would suggest that it is fair to say that Bennett will now have done this.
Everything that I am seeing is pointing me in the direction of a take over, or at least a major investor, (syndicate), that would have a majority holding in the Club.
Rangers, despite what we might think to the contrary, are a good buy for the right people. For one thing, the Club provides an inexpensive route to significant European Markets as well as their UK, US and wider International support. At a time when Companies are paying tens of £millions a year to sponsor venues there is a significant untapped income base that we haven't even explored that could provide capital for player investment.
In the relatively recent past there has been strong rumour regarding further investment from existing shareholders, additional interest from South Africa and from Scotland as well as potential interest from the wider UK and that does not include the recent speculation regarding the US Syndicate.
02 Sep 2024 15:00:56
john sure you mean buy out top 5 not six.
02 Sep 2024 15:20:34
Most of the bigger shareholders have a price, and if they can keep the blazer and free seat they would not be too hard to deal with, if they can't then there lies the problem . As they get increasing pressure and probably abuse they will probably slither away at the right price. None of them are of any use to the club all B list business people with a couple of Z list whereby other people gave them a business for free.
02 Sep 2024 15:33:51
True blue reality is any combination that exceeds 51%.
I suspect Gibson would not sell whereas tifosay borita Johnston might.
Berkshire I believe Gibson may significantly increase his holding along side M.
02 Sep 2024 15:40:56
That’s the thing the directors where loaning rangers money turning it into shared acting like hero’s for doing so then wanting a profit on the shares ? the board needs to get to f##k imo.
02 Sep 2024 15:42:29
Gc1872 could easily come in spend £50 million if bought over sell ibrox naming rights to new owners for £5million a season for 10 seasons but money needs payed upfront hey presto £50million.
02 Sep 2024 16:10:56
RFC the club is valued at circa 150 million, 1872 total basket case could not raise a million for first trance kings shares
As for T5 million a year let’s undersell the brand.
02 Sep 2024 16:38:47
Plenty of things money can be invested in to improve the club and further create income, the people in charge now cannot take the club forward, they are incompetent.
No rules would be broken with real business people coming in and investing in a business that can be consistently competing at the highest level given time. The current board must be aware they can't improve things. If not someone needs to tell them asap.
02 Sep 2024 16:53:16
@john2561 was reading your post on share selling I'm with Tifosy I bought £2000 worth for memory and my sons can Tifosy sell these are they my shares or there's. Auld guy here.
02 Sep 2024 16:58:36
RFC a few ways to go round FFP. Sponsorship is the easiest way either building or others.
02 Sep 2024 18:27:36
Bee whose name on share certificate.
02 Sep 2024 19:40:59
Where is this take over talk coming from today? It always ends up being BS!
02 Sep 2024 20:04:34
John, I never once said what the club is worth. We all know you're a Board cheerleader, but £5 million a year to name Ibrox. Ibrox paid 10 years up front we get £50 million to spend on players, no ffp broken and £5 million a year just to name the stadium. If we can get more, why has the clearly incompetent board not done it?
02 Sep 2024 20:05:33
Agreed balcomie.
02 Sep 2024 20:38:45
Cmac, it comes from a question asked and a sensible discussion by members of the forum.
02 Sep 2024 21:12:58
It’s got to the stage where naming rights has to be discussed at board level. It’s an income stream that cannot and should not be ignored.
02 Sep 2024 21:27:41
They dived at NUFC with no real prospect of winning anything and getting to CL however they may expect guarantee of top level comp with Rangers . Big money has gone in to some English clubs who probably won't even reach the premier league, Rangers are a big deal for big business, I would think Ratcliffe might be regretting what he got involved with but will soon see the Rangers punters and the level the club could be at, maybe he's got a pal .
02 Sep 2024 21:47:56
At one point was 10m a year not floated for stadium naming rights, sure I read that at the time, maybe wrong though?.
02 Sep 2024 22:27:41
@john 2561 my name was just worried when you said tifosy might sell there shares. 4%.
02 Sep 2024 23:39:27
We don't win at Dundee Hibs it kicks off and the board would be best staying away from next home game or they will be sweating like a racehorse through their free blazers.
02 Sep 2024 23:43:14
All the talk of takeovers makes me queasy! You have to ask the question why would anyone want to invest their money in our club? Especially from overseas! Generally investors want a good return on their investment well Celtic have shown it can be done but we’re a long ways away from where they are! The last charlatans white, green and Ashley all spring to mind whenever I hear this stuff and it gives me the fear! Investment is clearly needed and change at board level but talk of buyouts and takeovers ?.
03 Sep 2024 07:03:14
RFC ffp state that in a ten year deal the money would be calculated over the period
Keep te insults coming, if I was a cheerleader I would not have sold all my shares bar 1000 which allows me to attend agm
Have u put in even one hundredth of king Gibson Scott et al.
03 Sep 2024 07:08:35
Bee, not the might, they could, but it’s your shares could not do without your agreement, they r your shares so your money
Same as 1872, sorry if I confused u
Highland some on here would sell I too them, u r right it’s investment not takeover.
Let’s remember king park Bennet said they would not let club into hands of single owner, that’s why lack of success of 1872 is disappointing.
03 Sep 2024 10:21:40
Bennet former Clydesdale bank was he tight with Murray at some point when he got the funding from them to buy the club, btw he will have borrowed from his pals and neighbours in London area money secured by the club in some fashion. The fans and sponsors are the only people putting money in and saying tata to it forever, that board have not risked a penny of their own, all need gone.
03 Sep 2024 12:04:45
Clydesdale Bank was the Banker for Rangers before Murray took over but Murray moved Rangers banking to Bank of Scotland where he maintained his Business Banking. Murray's relationship was with a Member of the BofS executive prior to it merging with Halifax in 2009 although I am pretty sure that it was only when Lloyds Banking Group took over that his relationship deteriorated.
As far as Bennett is concerned it is highly unlikely that he had any dealings with Murray although as a Rangers Supporter I am quite sure that he would be delighted that Clydesdale bank was our Bankers and had been since at least the days of John Lawrence. Bank of Scotland were historically the Celtic Bankers until Co-operative Bank, Glasgow arranged a low cost loan deal for them. Needless to say the manager of Co-op Bank's Glasgow Branch at the time was a Celtic supporter although that is just a 'by the way' comment.
I doubt very much if Bennett's investment in Rangers is as you suggest although I am quite sure that he has connections that might be interested in investing in the club and there are other current investors, (not necessarily Board Members), that have similar access to potential new investment.
You are correct that the Rangers fan base are a major financial supporter of the club through the purchase of season tickets and merchandise but as John has highlighted Club 1882, having initially invested £5m, were unable to raise the initial £1m for the purchase of King's shares and it is unlikely that they could raise the funding necessary for a more meaningful stake.
Commercially, at the right price, Rangers is a good investment and anyone looking to take a sizeable stake that would give them control needs to balance out the asking price versus what they value the Club at. It needs to be a consortium since assuming that current Board Members remain of the view that the Club must never again fall into one person ownership, that is the only route they will consider.
Some of us on this Forum have been made aware of names in the recent past that are interested in acquiring a significant stake and that includes existing shareholders.
It is what is needed, but equally, it is important that we have a top quality CEO that can generate income and a dynamic Board. This is what is missing, (in my opinion), at present.
03 Sep 2024 15:49:40
Murray borrowed from Clydesdale bank I only asked if Bennet was there at that time . ANYWAY let's not bum Bennet up as some business genius he's very far from that as are the rest of the blazers. (I'm not suggesting you are but there still seems to be a perception that he is) If any of them had any talent or were aware in some way what was involved in running a big sports club of any sort there would be no need for a CEO . The biggest and most successful clubs have one person giving out the orders and in charge.
04 Sep 2024 17:51:30
John, I heard a rumourr this morning that the Easdale Brothers were interested again in acquiring a sizeable shareholding. Figure mentioned was £40m - £50m. Also, that there were other parties interested that would support them by acquiring additional shares.
Not sure if there is anything in this but I am aware that they are now showing a net worth of circa £1.5 billion.
Not sure how King etc., would respond to this if it is correct.