BBCBMcLauchlin @BBCBMcLauchlin 5m5 minutes ago
Messrs Letham, Taylor and Park have given proof of funding to Rangers Chairman David Somers. The SFA are aware of the offer #bbcsportscot
Edit: oops, sorry G... I see you're on the case!
Printable View
BBCBMcLauchlin @BBCBMcLauchlin 5m5 minutes ago
Messrs Letham, Taylor and Park have given proof of funding to Rangers Chairman David Somers. The SFA are aware of the offer #bbcsportscot
Edit: oops, sorry G... I see you're on the case!
Yeah I just heard that on the radio.Quote:
Originally Posted by grunt
AFAIK., though, the consortium has to wait until the current shareholders decide whether they want to subscribe.
Was a big feet for such a new clubQuote:
Originally Posted by hibbymick
M.A.S.H. get a knock-back, suicide is painless.
http://www.londonstockexchange.com/e.../12197297.html
Doesn't look like they have agreed to seats on the board. Wonder if it will go ahead?
http://www.bbc.co.uk/sport/0/football/30634541
"It is understood the board is open to negotiations regarding representation."
Possibly just an opening gambit. They're "open to negotiations regarding representation. ". They can't just say "yeah, we'll take it. Come on in".Quote:
Originally Posted by PatHead
That would sound like they're desperate. Which they're not..... :greengrin
Looks like Laxey have sold up. Question is, who is the buyer?
£2m spent to buy them out. It's a big move, whoever it is.
Where did you see that?Quote:
Originally Posted by Ozyhibby
Edit....seen it now.
http://www.londonstockexchange.com/e...T9Z75GBGBXASQ1
13.3 million shares punted this morning.
I can't see that from this link - maybe it's obvious to others! If £13.3 m shares sold then that's about £2.5m.Quote:
Originally Posted by greenginger
More here http://www.dailyrecord.co.uk/sport/f...rtners-4898356Quote:
Originally Posted by Col2
"well-healed"Quote:
Originally Posted by The Hibee Harp
:grr:
'Three Bears' consortium buys significant shareholding in Rangers http://t.co/JP0MxJfrdw http://t.co/kNwF9hTMGv
Reported by STV
I take it these guys are all current shareholders with 'first dibs' on new shares as per agm announcement or is this simply current shares sold?
Interesting move. The Rangers need investment, cash, wonga and a fair amount of it. This move doesn't directly help them on that front but makes the 3 little bears the largest shareholders as per reports.
What now? Power struggle with Ashley (who holds all the commercial deals)?
Looks likely in my view which could get very, very messy.Quote:
Originally Posted by Col2
Rumours of Boyd back to killie
A racing certainty in my opinion.Quote:
Originally Posted by Col2
Where did you hear that?Quote:
Originally Posted by Del Boy
I'm presuming Laxdales have made a bit of a loss on this?
The nominal value at issue I think was 70p though the will have got a discount from that price but yes a substantial loss will have been incurred.Quote:
Originally Posted by Billy Whizz
They made a loss on their initial investment, but not on what they purchased in the recent rights issue. When they increased their holdings at that time, I was surprised, and concluded that they were working on a plan in some informal partnership with Ashley and the group fronted by the Easdales, particularly when Ashley made a subsequent purchase taking the combined holding of the three groups over 50%.Quote:
Originally Posted by Billy Whizz
I reckon Laxey have been shafted by either Ashley or the Easdales and have thrown in the towel. The 3 bears now have about 20% of the shares, as at least one was an existing shareholder. If they underwrite the proposed new issue, then if other existing holders don't take their entitlement they could end up with a holding over 29.9% and would have to make an offer for all the other shares, so they could be in full charge quite quickly. For their sakes I hope they can afford the consequences.
This is the current shares. The new issue hasn't been launched yet.Quote:
Originally Posted by Spike Mandela
In other words, no change to their financial situation.
Does anyone know if the loan from Letham (aka Mama Bear ) has been repaid?
According to this http://www.telegraph.co.uk/sport/foo...is-season.html it has beenQuote:
Originally Posted by CropleyWasGod
Cheers .Quote:
Originally Posted by Jack Hackett
The politics of this all are mind bending at times.
Unless Ashley is behind it in some way? Neatly sidestepping the knock back from the SFA. I suppose we will find out shortly.Quote:
Originally Posted by Col2