rangers_1993 68 Posted July 8, 2012 Share Posted July 8, 2012 THE Charles Green consortium have told Rangers supporters that it would take at least £50 million for them to sell the newco club – a figure which would give them an astonishing 900 per cent profit on their initial £5.5m investment.That minimum figure was revealed at a meeting between the board of Sevco Scotland Ltd and the Rangers Fans Fighting Fund last week.Minutes of the meeting taken by RFFF also show that manager Ally McCoist, who attended along with Sevco’s directors, will refuse to plead with fans to buy season tickets because he does not yet have sufficient faith in the new owners.Yet it was the value that Green and Co – who have already dismissed a bid of £6.5m from a group fronted by Walter Smith – have placed on the club which shocked those in attendance.A representative from Rangers Unite asked: “What would you see as an exit price?”Director Imran Ahmad replied: “On a bad day the club is worth £50m.”That statement will call into question the decision by controversial joint administrators Paul Clark and David Whitehouse, of Duff & Phelps, to sell the club and its assets to Green’s group for a cut-price £5.5m.Last month Lord Hodge at the Court of Session, ordered Duff & Phelps to prove that there had been no conflict of interest in their role.The company had been appointed by discredited former owner Craig Whyte, whom they had advised on his takeover, when they were forced into administration in February.Since then Duff & Phelps have been paid an estimated £200,000 per week during their time at Ibrox and Ahmed’s estimation of the true worth of the club is likely to enrage creditors and fans alike. McCoist, meanwhile, admitted that he couldn’t bring himself to ask supporters to rally round and buy season tickets.The minutes state: “Ally said he couldn’t ask the fans to renew STs as he didn’t know which players would be there or where we would be playing and he wouldn’t want it on his conscience that our hard-earned cash was being spent on something he couldn’t guarantee. Also, he didn’t have full trust in the current board for two reasons; he hasn’t known them long enough yet and because of the actions of the previous incumbents.”Chairman Malcolm Murray also disclosed that the process for changing the name of Murray Park is under way.The minutes also reveal that Green weighed up the option of buying two English clubs so he could relocate Rangers to the lower leagues down south and that he anticipates Whyte and others being found guilty of illegal activity during their time at Ibrox.“CG expects criminal charges to be brought to the previous regime. CG was asked if the possibility of playing in England exists and if he made an attempt at buying Bury FC.“He responded that he was attracted by Bury and hoped to mention the club along with Rangers. Unfortunately distance was going to be a problem, as after Wimbledon became Milton Keynes Dons the English football league changed its rules to state that any merger between two clubs could only happen if the clubs were within roughly 60 miles of each other.“He also looked at the possibility of buying Carlisle, but believes we cannot merge with an English club.“We would have to start at the bottom of the conference if we were to go to England.” Quote Link to post Share on other sites More sharing options...
Albertz123 598 Posted July 8, 2012 Share Posted July 8, 2012 Green said if we raised £8m we would have 50% of the club. Quote Link to post Share on other sites More sharing options...
trueblue68 2,497 Posted July 8, 2012 Share Posted July 8, 2012 Lazy journalism. Quote Link to post Share on other sites More sharing options...
JohnHardie 1,405 Posted July 9, 2012 Share Posted July 9, 2012 Lazy journalism.Very. Quote Link to post Share on other sites More sharing options...
Clemdog 39,389 Posted July 9, 2012 Share Posted July 9, 2012 Can't quite believe I read that 'Journalism' in this country. Quote Link to post Share on other sites More sharing options...
Fastrax 274 Posted July 9, 2012 Share Posted July 9, 2012 The club would be worth £50m to the right person IMO Quote Link to post Share on other sites More sharing options...
Peasie 103 Posted July 9, 2012 Share Posted July 9, 2012 Selective reporting on the minutes.They could have included this bit about Ally McCoist but didn't"Finally, in response to a direct request to the manager asking if he were sitting in the audience, would he personally renew his ticket, he said he would."http://forum.rangersmedia.co.uk/index.php?showtopic=230735 Quote Link to post Share on other sites More sharing options...
GMac 1,405 Posted July 9, 2012 Share Posted July 9, 2012 Lazy journalism.Understatement of the century. We knew all this on Thursday and the pricks had three full days to knock up a story. Quote Link to post Share on other sites More sharing options...
ZeonBlue 378 Posted July 9, 2012 Share Posted July 9, 2012 Noticed they deleted the "Heart Beat" comment from Ally regards ST. Quote Link to post Share on other sites More sharing options...
ZeonBlue 378 Posted July 9, 2012 Share Posted July 9, 2012 Green said if we raised £8m we would have 50% of the club.Not a bad return for a 8 mill investment eh Quote Link to post Share on other sites More sharing options...
bombaybadboy08 15,660 Posted July 9, 2012 Share Posted July 9, 2012 They reserve the right to ask what they fucking well want to after paying up without the media circus and just getting on with it.You want to change that get your cheque book out because out of all these folk not renewing,the minute Rangers are in a league the sales will rocket proving it's nowt to do with Green, Quote Link to post Share on other sites More sharing options...
Buzz 306 Posted July 9, 2012 Share Posted July 9, 2012 It's funny. They're taking this story from a throwaway comment at a fans meeting by the clubs financial director, Imran Ahmed. He said that at it's peak, on a good day, it'd be worth that. We're clearly nowhere near our peak right now. Quote Link to post Share on other sites More sharing options...
Sobatai 70 Posted July 9, 2012 Share Posted July 9, 2012 Lazy journalism.Very. That comment regarding a valuation of the club was reported in a thread about the minutes on this forum and it aroused minimal interest. The quotes of Ally McCoist seem to have been taken out of context as well. Shameful journalism. Quote Link to post Share on other sites More sharing options...
reddrock 107 Posted July 9, 2012 Share Posted July 9, 2012 Green said if we raised £8m we would have 50% of the club.Have said all along GREEN does not always mean go . keep your eyes open and your ears tuned . Quote Link to post Share on other sites More sharing options...
Creampuff 22,628 Posted July 9, 2012 Share Posted July 9, 2012 Lazy journalism.P.s. anyone who thinks he's only spent £5.5m by this point is dillussional. Quote Link to post Share on other sites More sharing options...
jdocherty72 215 Posted July 9, 2012 Share Posted July 9, 2012 Lazy journalism.Wouldn't be surprisd if they just fired up Football Manager 2012 pre-admin and saw the clubs value tbh Quote Link to post Share on other sites More sharing options...
Comeoffit 152 Posted July 9, 2012 Share Posted July 9, 2012 Lazy journalism.P.s. anyone who thinks he's only spent £5.5m by this point is dillussional.Anyone that thinks they wont at least double whatever they have invested before running, is even more delusional. Saying 50 million is just a way of saying that we are not for sale. They are here until they get their cut, however long that may be. Quote Link to post Share on other sites More sharing options...
El Carpintero 546 Posted July 9, 2012 Share Posted July 9, 2012 What a pathetic piece of writing. Just another wee example of the shite we are up against. Quote Link to post Share on other sites More sharing options...
pcbear 10,924 Posted July 9, 2012 Share Posted July 9, 2012 Noticed they deleted the "Heart Beat" comment from Ally regards ST.Thats what should have been all over the back pages, but any good (ish) Rangers news gets buried away.Ally McCoist has been a total standout during this black period. Quote Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted July 9, 2012 Share Posted July 9, 2012 the minutes state the club is worth 50m which it will be once we are back to the top flight and in europe. with what green ecpects to raise £30m including 8m from us then that's about right Quote Link to post Share on other sites More sharing options...
californiadreamin52 339 Posted July 9, 2012 Share Posted July 9, 2012 Rangers not anywhere near the 50 million quoted by Director Imran Ahmad without the fans and they cannot be bought Quote Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted July 9, 2012 Share Posted July 9, 2012 Rangers not anywhere near the 50 million quoted by Director Imran Ahmad without the fans and they cannot be boughtWhy would be try to 'buy' the fans support - surely as supporters we dont need bought we are there already! We get toa £50M valuation by getting back to the top - and that doean't happen without us fans - what a strange post - please explain ? Quote Link to post Share on other sites More sharing options...
californiadreamin52 339 Posted July 9, 2012 Share Posted July 9, 2012 Why would be try to 'buy' the fans support - surely as supporters we dont need bought we are there already! We get toa £50M valuation by getting back to the top - and that doean't happen without us fans - what a strange post - please explain ?You have answer your own question it`s the fans that generate the money by buying season tickets, match day goods and shopping in the Rangers shop without the fans there is little money to make them a going concernThe clubs other assets Stadium, Training Facilities, would not realise the type of money quoted as they are of specific When I spoke of being bought it was more about their elegance and loyalty to new owners, as opposed to any monies Quote Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted July 9, 2012 Share Posted July 9, 2012 You have answer your own question it`s the fans that generate the money by buying season tickets, match day goods and shopping in the Rangers shop without the fans there is little money to make them a going concernThe clubs other assets Stadium, Training Facilities, would not realise the type of money quoted as they are of specific When I spoke of being bought it was more about their elegance and loyalty to new owners, as opposed to any moniesYes but I still dont understand your previous statement - "fans cant be bought " - it seemed to imply a lack of support for the Green et al ? but I did not want to challenge you on that if that is NOT what you meant by that ? The realisable assets are probably worth little more that was piad for them - the real asset is the fan base - and if we are back at the top we are worth circa £50m.However I think it is a 'reasonable' assumption by any owner that the fan base will remain loyal to the club (if not its custodians) ? Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted July 9, 2012 Share Posted July 9, 2012 What rag was this complete misrepresentation of the facts in? Quote Link to post Share on other sites More sharing options...
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