tombomb 28 Posted June 14, 2012 Share Posted June 14, 2012 Charles Green issued the following statement today:"Following the formal decision of the creditors' meeting at Ibrox Stadium today, the consortium I represent has fulfilled its agreement with the administrators and has completed the acquisition of the business and assets of The Rangers Football Club plc."The transfer of the business and assets to a new company structure has taken effect immediately and the new company is The Rangers Football Club."An application has already been made by the company to register with the Scottish Football Association and to participate in the SPL."These applications will be considered over the next few weeks and I will continue to have discussions with the football authorities in relation to the Club's position."This day is bitter-sweet for the consortium I represent. From our first involvement we made it clear we would have preferred to acquire this great Club through a CVA."The decision by HMRC to vote against the proposal was, in my view, counter productive and did nothing but visit the sins of the past on the owners of the future and indeed the supporters who care so much for Rangers and deserve better."It was however prudent for us to prepare for this outcome and we are proud and honoured to acquireRangers and begin a new chapter in its illustrious history."These are early days and there is a huge amount of hard work to be done to rebuild Rangers."It will take time and effort, passion and commitment. Rangers will rise again and that journey began in earnest at Ibrox today."First I must address the issue of the Manager's position at the Club. Our consortium wants Ally McCoist to remain as Manager and we firmly believe he is the man to takeRangersforward."He embodies everything that is great about the Club and without question we want him to continue as the Rangers Manager."I fully understand that other people have courted Ally who do not wish to see my consortium succeed however, I believe time for decision and rancour is over now that the Club has been sold and everyone with the interests of Rangers at heart should unite."The rebuilding of the Club will happen from today."As I have stated previously, it is our intention that no single investor or institution will own more than 10-15% of the shareholding."One of the saddest aspects of the refusal by HMRC to support a CVA is that small shareholders have lost their shares in The Rangers Football Club plc."However, supporters and shareholders will have the opportunity to invest in the new company."My consortium has been determined from the outset that from now on Rangers will be run to the highest standards of corporate governance."To that end, the Club will have two boards in the future - a company or plc board and a football board with appointments announced in due course."In terms of investors in the company, to date our investors include Chris Morgan, a UK-based businessman representing family trusts; Glenmuir, the renowned Scottish clothing company; Ian Hart a Glasgow-based businessman; Alessandro Celano of Blue Pitch Holdings and Zeus Capital."We are looking to expand that investor base and are in discussions with a number of interested parties."I have been greatly encouraged by the enthusiasm investors have shown and their belief that Rangers can have a great future. I believe that too and I, along with everyone at the Club, will work tirelessly to make it happen." Quote Link to post Share on other sites More sharing options...
Marco Negri's Beard 1,423 Posted June 14, 2012 Share Posted June 14, 2012 So, nothing on Walter's bid. Is that good or bad? Quote Link to post Share on other sites More sharing options...
Clemdog 39,389 Posted June 14, 2012 Share Posted June 14, 2012 Don't know why he released it. Doesn't address what all the fans care about. Quote Link to post Share on other sites More sharing options...
therange 1 Posted June 14, 2012 Share Posted June 14, 2012 i don't know what to make of this, ffs... good or bad?twitter reactions seem to be mixed... http://www.footytwits.com/pt/escocia/rangers_48Charles Green issued the following statement today:"Following the formal decision of the creditors' meeting at Ibrox Stadium today, the consortium I represent has fulfilled its agreement with the administrators and has completed the acquisition of the business and assets of The Rangers Football Club plc."The transfer of the business and assets to a new company structure has taken effect immediately and the new company is The Rangers Football Club."An application has already been made by the company to register with the Scottish Football Association and to participate in the SPL."These applications will be considered over the next few weeks and I will continue to have discussions with the football authorities in relation to the Club's position."This day is bitter-sweet for the consortium I represent. From our first involvement we made it clear we would have preferred to acquire this great Club through a CVA."The decision by HMRC to vote against the proposal was, in my view, counter productive and did nothing but visit the sins of the past on the owners of the future and indeed the supporters who care so much for Rangers and deserve better."It was however prudent for us to prepare for this outcome and we are proud and honoured to acquireRangers and begin a new chapter in its illustrious history."These are early days and there is a huge amount of hard work to be done to rebuild Rangers."It will take time and effort, passion and commitment. Rangers will rise again and that journey began in earnest at Ibrox today."First I must address the issue of the Manager's position at the Club. Our consortium wants Ally McCoist to remain as Manager and we firmly believe he is the man to takeRangersforward."He embodies everything that is great about the Club and without question we want him to continue as the Rangers Manager."I fully understand that other people have courted Ally who do not wish to see my consortium succeed however, I believe time for decision and rancour is over now that the Club has been sold and everyone with the interests of Rangers at heart should unite."The rebuilding of the Club will happen from today."As I have stated previously, it is our intention that no single investor or institution will own more than 10-15% of the shareholding."One of the saddest aspects of the refusal by HMRC to support a CVA is that small shareholders have lost their shares in The Rangers Football Club plc."However, supporters and shareholders will have the opportunity to invest in the new company."My consortium has been determined from the outset that from now on Rangers will be run to the highest standards of corporate governance."To that end, the Club will have two boards in the future - a company or plc board and a football board with appointments announced in due course."In terms of investors in the company, to date our investors include Chris Morgan, a UK-based businessman representing family trusts; Glenmuir, the renowned Scottish clothing company; Ian Hart a Glasgow-based businessman; Alessandro Celano of Blue Pitch Holdings and Zeus Capital."We are looking to expand that investor base and are in discussions with a number of interested parties."I have been greatly encouraged by the enthusiasm investors have shown and their belief that Rangers can have a great future. I believe that too and I, along with everyone at the Club, will work tirelessly to make it happen."Administration StatementCVA proposal is formally rejected and Green consor...Green and Clark Exclusives WATCHinterviews FREE on RangersTV.tv untilmidnig...Stick With Us GREEN wants players to buy into what his consortiu...We Will Move Forward INVESTORS remain as willing, committed, supportive...HMRC Left Me Speechless GREEN feels goalposts have been made as 'policy de...Clark On HMRC Decision JOINT AdministratorPaulClark spoke to RangersTV....Meeting Information DETAILS on creditor and shareholder meetingsthis...Administration Statement DUFF andPhelpsgivetheir views following decisio...Charles Green Statement CONSORTIUM leader reacts to HMRC's decision to rej...AC Milan DVD Click here to buy now Barca 72 Click here to buy nowShoppingAdministration Statement CVA proposal is formally rejected and Green consortium is obliged to buy businessGreen and Clark Exclusives Quote Link to post Share on other sites More sharing options...
JM1872 3,772 Posted June 14, 2012 Share Posted June 14, 2012 So, nothing on Walter's bid. Is that good or bad?Neither, looks like Walter's bid was to late?Green has finalised the purchase, the Newco has been created and supposedly an application has been submitted. Quote Link to post Share on other sites More sharing options...
Blue Forever 179 Posted June 14, 2012 Share Posted June 14, 2012 Bottom line is, if the fans refuse to buy season tickets, he'll be screwed. Best to sell to Walter for a quick £500k profit. Quote Link to post Share on other sites More sharing options...
Jelavic191 4,534 Posted June 14, 2012 Share Posted June 14, 2012 Saw this on Facebook. Some of the comments on the post are embarrassing. Green has done nothing wrong but from reading you would think that he was Craig Whyte. Nice to see the names of his backers but he really is onto a loser with the fans now. Quote Link to post Share on other sites More sharing options...
Senna 735 Posted June 14, 2012 Share Posted June 14, 2012 Don't know why he released it. Doesn't address what all the fans care about.He released it because he's now the new owner and the newco has happened. As sad and inevitable as it was, it's done. HE'll have a statement about the Smith bid upcoming on Rangers website. Quote Link to post Share on other sites More sharing options...
Clemdog 39,389 Posted June 14, 2012 Share Posted June 14, 2012 Neither, looks like Walter's bid was to late?Green has finalised the purchase, the Newco has been created and supposedly an application has been submitted.Not sure how it can be too late? Why can't Walter just takeover from Green? Quote Link to post Share on other sites More sharing options...
FirrhillLoyal 318 Posted June 14, 2012 Share Posted June 14, 2012 The investors don't seem very big. Quote Link to post Share on other sites More sharing options...
debear 603 Posted June 14, 2012 Share Posted June 14, 2012 "To that end, the Club will have two boards in the future - a company or plc board and a football board with appointments announced in due course."In terms of investors in the company, to date our investors include Chris Morgan, a UK-based businessman representing family trusts; Glenmuir, the renowned Scottish clothing company; Ian Hart a Glasgow-based businessman; Alessandro Celano of Blue Pitch Holdings and Zeus Capital.Any info on these guys? Quote Link to post Share on other sites More sharing options...
tombomb 28 Posted June 14, 2012 Author Share Posted June 14, 2012 Was released via official website sorry iveeditedthe post as i had other rangers news ob it lol Quote Link to post Share on other sites More sharing options...
Marco Negri's Beard 1,423 Posted June 14, 2012 Share Posted June 14, 2012 Neither, looks like Walter's bid was to late?Green has finalised the purchase, the Newco has been created and supposedly an application has been submitted.Was always gonna be the case though. Green isn't leaving without some profit. Will be upto Walter's consortium to buy it from him Quote Link to post Share on other sites More sharing options...
FirrhillLoyal 318 Posted June 14, 2012 Share Posted June 14, 2012 Not sure how it can be too late? Why can't Walter just takeover from Green?That's what I thought the plan was. SSN were just saying it looks like its too late for Walter to take over :S Quote Link to post Share on other sites More sharing options...
Broxi 11,674 Posted June 14, 2012 Share Posted June 14, 2012 Does this not mean he's officially the new owner? Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,926 Posted June 14, 2012 Share Posted June 14, 2012 an excellent statement, so much for him not having the 5.5million Quote Link to post Share on other sites More sharing options...
FirrhillLoyal 318 Posted June 14, 2012 Share Posted June 14, 2012 Not sure how it can be too late? Why can't Walter just takeover from Green?That's what I thought the plan was. SSN were just saying it looks like its too late for Walter to take over?.. Quote Link to post Share on other sites More sharing options...
Clemdog 39,389 Posted June 14, 2012 Share Posted June 14, 2012 He released it because he's now the new owner and the newco has happened. As sad and inevitable as it was, it's done. HE'll have a statement about the Smith bid upcoming on Rangers website.But Smith was going to go down the Newco route also. As soon as the CVA was rejected it was 'done', all Rangers fans new that.I don't understand why people are saying Smith's takeover is too late. Why can't he just buy the Club from Green? Quote Link to post Share on other sites More sharing options...
tombomb 28 Posted June 14, 2012 Author Share Posted June 14, 2012 Any info on these guys?I will look into this just now let u all know when i have info Quote Link to post Share on other sites More sharing options...
debear 603 Posted June 14, 2012 Share Posted June 14, 2012 Neither, looks like Walter's bid was to late?Green has finalised the purchase, the Newco has been created and supposedly an application has been submitted.Smiths group can simply buy out Green, same as any other transaction.They just deal with Green rather than administrators. But Green can hold out for his own price. Quote Link to post Share on other sites More sharing options...
thebooler 4,509 Posted June 14, 2012 Share Posted June 14, 2012 <br>So, nothing on Walter's bid.  Is that good or bad?<br><br><br>Bad.<br><br>Especially since he mentions others "courting" his Manager (Ally) and says nothing else on the matter.<br> Quote Link to post Share on other sites More sharing options...
loyalfollower 1,543 Posted June 14, 2012 Share Posted June 14, 2012 Walters plan is offer green and co an offer that enables a profit for green Quote Link to post Share on other sites More sharing options...
hugh dallas 29 Posted June 14, 2012 Share Posted June 14, 2012 Can't believe I've missed all this today, murder catching up haha Surely Walter can still buy from green and co still ? Quote Link to post Share on other sites More sharing options...
Clemdog 39,389 Posted June 14, 2012 Share Posted June 14, 2012 That's what I thought the plan was. SSN were just saying it looks like its too late for Walter to take over?..They are clueless. Plus they like writing a story, just wait for the 'More news from this INCREDIBLE story in Glasgow. It looks like the Smith bid is back on the table'.When really it was never off it. Quote Link to post Share on other sites More sharing options...
psychobudgie 55 Posted June 14, 2012 Share Posted June 14, 2012 Doesn't matter. Nothing to stop them selling to Smith and Co for a profit. I was under the impression that Smith's consortium were looking to make an offer to Green and not the Administrators anyway. All the statement says is that the Club's assets are now safe (or their definition of safe). Quote Link to post Share on other sites More sharing options...
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