Jump to content

Big Rangers Administration/Liquidation Thread - All chat here!


Recommended Posts

nice pay day for Hibs with 50% of the gate receipts......

what's the chances of The Rangers getting another home draw in the next round as they seem to get in all their cup-ties?

Not really. After matchday expenses half of f**k all is f**k all.

Post based on No8s figure of 20000 to break even.

Link to comment
Share on other sites

Rangers International Football Club plc


("Rangers" the "Club" or the "Company")



Possible Equity Issue



Further to the announcement of 25 April 2014, the Board of Rangers announces that the Company is considering a possible equity issue in which all existing shareholders would be eligible to participate. Support is being sought from institutional investors to underwrite the possible equity issue. Discussions are ongoing and there can be no certainty of the outcome of these discussions.



In line with the exemption to the European Union Prospectus Directive the possible equity issue would be for not more than an aggregate EUR5m and would avoid the costs of preparing a prospectus.



The Company does not currently have shareholder authority to issue shares on a non pre-emptive basis and authority from shareholders to do so, which would allow placements of shares with institutional investors, will be sought at the Company's AGM later this year, in line with the Company's stated strategy.



Further announcements will be made in due course.



For further information please contact:




Rangers International Football Club plc







Graham Wallace





Tel: 0141 580 8647










Daniel Stewart & Company plc




Tel: 020 7776 6550




Paul Shackleton / David Coffman













Newgate Threadneedle




Tel: 020 7148 6143




Roddy Watt / John Coles












Link to comment
Share on other sites

if this company encounters difficulties due to financial shortfall and lack of investment, leading to possible administration events etc, how will it affect the club?

It wont. The club are imaginary.

Link to comment
Share on other sites

Colour me shocked.

Bona fide financial investors without 'Rangers connections/ allegiences' are unwilling to throw (away) money at this "fantastic opportunity..." ?

Oh well...... over to you, berrz.... dig deep now.....

8)

Link to comment
Share on other sites

Still got till 1st Sept to pay back £1.5mil :

The Easdale Facility and the Laxey Facility (together the "Facilities") are both secured against the Company's Edmiston House and Albion car park properties. The principal amounts of the Facilities are repayable no later than 1 September 2014 from a variety of potential sources.

Laxey has, pursuant to an agreement entered into today, transferred all rights and obligations in relation to the Laxey Facility to Mr George Letham including all its rights in relation to the standard security granted as security for the Laxey Facility. Mr Letham is a shareholder in the Company and a lifelong Rangers fan.

The Laxey Facility, now transferred by Laxey to Mr George Letham, remains subject to the same terms and conditions with the exception that the premium payment has been reduced to £45,000 and remains payable in shares or cash.

Will Letham want his wonga?

Edited by Bloomogganners
Link to comment
Share on other sites

So: the share issue to raise £10M by the end of August is now being reorganised to raise £4M by the end of the year... they've got £1.5M in loans due for the end of the month... and ST sales are halved.

Somehow you doubt this was in the plan.

Or the replacement plan.

Yet McCoist keeps signing and wanting players?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...