Menu
08/03/2010
Rangers Enters Ownership Talks
Board members at Rangers FC today confirmed talks had opened with interested parties regarding the selling off share capital.
The board said it understood discussions were at an early stage, and there can be no certainty that any offer will be made for the issued shares of the club.
Rangers has been in an offer period since its announcement of 26 October 2009.
This morning a club spokesman said: "Following press speculation over the weekend, the board of The Rangers Football Club plc confirms that it has been advised by Murray International Holdings Limited that MIH has entered into discussions with certain interested parties, including Andrew Ellis, about the interests of MIH in RFC that may lead to an offer or offers for the entire issued share capital of the club."
In order to ensure the complete independence of the assessment of the merits for Rangers of any possible offer, the board has set up an independent committee of the board comprising the Chairman Alastair Johnston, John McClelland, Martin Bain, Donald McIntyre and John Greig to consider the full implications of any future offer for the club.
"The Independent Directors will ensure that any possible offer for Rangers is assessed on the merits for the club, its shareholders and all other stakeholders in Rangers including supporters," said the spokesman.
"It is particularly important to the Independent Directors that any possible offeror is able to demonstrate the capacity and commitment to provide a stable and sustainable future for Rangers and the Independent Directors will want to understand fully the plans of any potential offeror in order to recommend the action that shareholders should take."
The Independent Directors exclude Mike McGill and Donald Muir who are connected to MIH, and so have a potential conflict of interest, and Dave King and Paul Murray about whose intentions there has been past speculation that could lead to a perception of a possible conflict of interest.
"The board will keep all shareholders informed of further developments," the spokesman added.
(PR/BMcC)
The board said it understood discussions were at an early stage, and there can be no certainty that any offer will be made for the issued shares of the club.
Rangers has been in an offer period since its announcement of 26 October 2009.
This morning a club spokesman said: "Following press speculation over the weekend, the board of The Rangers Football Club plc confirms that it has been advised by Murray International Holdings Limited that MIH has entered into discussions with certain interested parties, including Andrew Ellis, about the interests of MIH in RFC that may lead to an offer or offers for the entire issued share capital of the club."
In order to ensure the complete independence of the assessment of the merits for Rangers of any possible offer, the board has set up an independent committee of the board comprising the Chairman Alastair Johnston, John McClelland, Martin Bain, Donald McIntyre and John Greig to consider the full implications of any future offer for the club.
"The Independent Directors will ensure that any possible offer for Rangers is assessed on the merits for the club, its shareholders and all other stakeholders in Rangers including supporters," said the spokesman.
"It is particularly important to the Independent Directors that any possible offeror is able to demonstrate the capacity and commitment to provide a stable and sustainable future for Rangers and the Independent Directors will want to understand fully the plans of any potential offeror in order to recommend the action that shareholders should take."
The Independent Directors exclude Mike McGill and Donald Muir who are connected to MIH, and so have a potential conflict of interest, and Dave King and Paul Murray about whose intentions there has been past speculation that could lead to a perception of a possible conflict of interest.
"The board will keep all shareholders informed of further developments," the spokesman added.
(PR/BMcC)
Related UK National News Stories
Click here for the latest headlines.
14 November 2014
Four Arrested In Fraudulent RFC Sale Investigation
Police investigating the alleged fraudulent sale of Rangers Football Club in 2011 have arrested four men. Officers from Police Scotland, Surrey Police, Cheshire Police and Thames Valley Police, carried out a joint operation that saw four addresses across the UK raided at the same time.
Four Arrested In Fraudulent RFC Sale Investigation
Police investigating the alleged fraudulent sale of Rangers Football Club in 2011 have arrested four men. Officers from Police Scotland, Surrey Police, Cheshire Police and Thames Valley Police, carried out a joint operation that saw four addresses across the UK raided at the same time.
03 May 2012
Miller On Course To Become New Rangers Owner
Bill Miller is on course to become the new owner of Rangers after being granted preferred bidder status today by administrators Duff & Phelps. After weeks of negotiations and discussions, the administrators have announced that the hugely successful American businessman now has the opportunity to complete a purchase for the club.
Miller On Course To Become New Rangers Owner
Bill Miller is on course to become the new owner of Rangers after being granted preferred bidder status today by administrators Duff & Phelps. After weeks of negotiations and discussions, the administrators have announced that the hugely successful American businessman now has the opportunity to complete a purchase for the club.
03 April 2009
Ferguson And McGregor Banned For Life
Rangers' footballer Barry Ferguson and Allan McGregor have been told they will never play for Scotland again.
Ferguson And McGregor Banned For Life
Rangers' footballer Barry Ferguson and Allan McGregor have been told they will never play for Scotland again.
07 January 2008
Rangers Unveil Plans To Revamp Ibrox
Rangers FC have unveiled ambitious plans to revamp its Ibrox Stadium. The plans, one of three options currently being considered by the Glasgow club, would see the capacity of the ground rise to 70,000. This would make Ibrox the biggest sporting venue in Scotland, while work would also see the regeneration of the area surrounding the ground.
Rangers Unveil Plans To Revamp Ibrox
Rangers FC have unveiled ambitious plans to revamp its Ibrox Stadium. The plans, one of three options currently being considered by the Glasgow club, would see the capacity of the ground rise to 70,000. This would make Ibrox the biggest sporting venue in Scotland, while work would also see the regeneration of the area surrounding the ground.
12 October 2010
New £320m Offer For Liverpool
A Singapore billionaire is offering £320m cash for Liverpool Football Club. Peter Lim's offer supersedes the offer by New England Sports Ventures, which currently stands at £300m. Last week, the offer was accepted by Liverpool's chairman, Martin Broughton. Mr Lim is said to also be offering £40m in cash to buy players.
New £320m Offer For Liverpool
A Singapore billionaire is offering £320m cash for Liverpool Football Club. Peter Lim's offer supersedes the offer by New England Sports Ventures, which currently stands at £300m. Last week, the offer was accepted by Liverpool's chairman, Martin Broughton. Mr Lim is said to also be offering £40m in cash to buy players.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
