paisleyroad 894 Posted December 13, 2012 Share Posted December 13, 2012 Feature in the Investor's Chroniclehttp://www.investors...YI/article.htmlRangers International Football Club (RIFC) plc is expected to join London's junior market on 19 December. For fans, that means the opportunity to grab a stake in Glasgow Rangers, 54-times Scottish champions, as an early Christmas present. The official name is now Rangers Football Club Ltd. RIFC is to own and operate Rangers FC, which, after exiting administration earlier this year, is now debt-free but plying its trade in the fourth tier of Scottish football.The complicated structure has not prevented Charles Green, chief executive, from drumming up interest among institutional investors ahead of the Aim listing. Mr Green had originally intended to raise £20m from the IPO, but £17m has already been committed, at 70p a share, from a range of investors. These include Hargreave Hale, which is to purchase 4.95m shares and acquire an 8.58 per cent stake (before the public offer). Artemis (7.43 per cent), Cazenove Capital (4.25 per cent) and Legal & General (3.47 per cent) are among the other investors. Pre-IPO investors also include Mike Ashley, UK retail entrepreneur and owner of Newcastle United, who has 3m shares.Mr Green expects the public offer to raise another £10m, taking the IPO total up to £27m. Although £500 is the minimum price to get a stake in RIFC, that is unlikely to deter fans. According to one source, speaking to Investors Chronicle, Capita Registrars has received subscription demand for RIFC shares totalling £24m.True, there are some concerns. Languishing in Scotland's fourth tier as punishment for going into administration, lucrative European football is some years away. The prospectus also mentions the threat of legal action from some players, complaining they were not consulted about contract changes after the old club was liquidated. Mr Green is no doubt counting on Rangers worldwide fan base, estimated to be in excess of 5m, to more than offset those negatives. IC VIEW:There are some reasons to think this football IPO might buck the trend of awful performance by football investments. For one thing, the assets - which include Ibrox (the club's stadium), the Murray Park training facility, the players and the brand - add up to around £100m. Moreover, by next May - when totting up the money from pre-IPO fundraising, the Aim listing and expected season ticket sales - RIFC could be sitting on a net cash pile of £50m. The IPO, however, gives RIFC a market cap of £50m. One to watch. Quote Link to post Share on other sites More sharing options...
DarcheVinny 1,003 Posted December 13, 2012 Share Posted December 13, 2012 The last part is just like reading the Racing Post! Quote Link to post Share on other sites More sharing options...
paisleyroad 894 Posted December 13, 2012 Author Share Posted December 13, 2012 The last part is just like reading the Racing Post! :lol: it does a bit. Quote Link to post Share on other sites More sharing options...
mabawsa 888 Posted December 13, 2012 Share Posted December 13, 2012 The Rangers IPO website with the inputs from the under-supervision ex lawyer ,12 names failed author and any other mentally challenged bloggers will be having a fecking meltdown at this kind of stuff. I guess Trading Standards will be getting more harassment this week.Roll on payday. Quote Link to post Share on other sites More sharing options...
pcbear 10,924 Posted December 14, 2012 Share Posted December 14, 2012 The last part is just like reading the Racing Post!True but i remember watching the selling floor of the stock exchange and it was like a big bookies, some dealers dancing around and some balling up their ( slips) and chucking them on the floor. Quote Link to post Share on other sites More sharing options...
Quiet Jim 897 Posted December 14, 2012 Share Posted December 14, 2012 The Rangers IPO website with the inputs from the under-supervision ex lawyer thief,12 names failed author IRA supporter and any other mentally challenged bloggers Graham Spiers will be having a fecking meltdown at this kind of stuff. I guess Trading Standards will be getting more harassment this week.Roll on payday.Fixed. Quote Link to post Share on other sites More sharing options...
EatDolphins 5,358 Posted December 14, 2012 Share Posted December 14, 2012 Wish I had a clue what any of that actually means Quote Link to post Share on other sites More sharing options...
paisleyroad 894 Posted December 14, 2012 Author Share Posted December 14, 2012 Fixed. :lol: Quote Link to post Share on other sites More sharing options...
SectionRedHMS 190 Posted December 14, 2012 Share Posted December 14, 2012 Feature in the Investor's Chroniclehttp://www.investors...YI/article.htmlRangers International Football Club (RIFC) plc is expected to join London's junior market on 19 December. For fans, that means the opportunity to grab a stake in Glasgow Rangers, 54-times Scottish champions, as an early Christmas present. The official name is now Rangers Football Club Ltd. RIFC is to own and operate Rangers FC, which, after exiting administration earlier this year, is now debt-free but plying its trade in the fourth tier of Scottish football.The complicated structure has not prevented Charles Green, chief executive, from drumming up interest among institutional investors ahead of the Aim listing. Mr Green had originally intended to raise £20m from the IPO, but £17m has already been committed, at 70p a share, from a range of investors. These include Hargreave Hale, which is to purchase 4.95m shares and acquire an 8.58 per cent stake (before the public offer). Artemis (7.43 per cent), Cazenove Capital (4.25 per cent) and Legal & General (3.47 per cent) are among the other investors. Pre-IPO investors also include Mike Ashley, UK retail entrepreneur and owner of Newcastle United, who has 3m shares.Mr Green expects the public offer to raise another £10m, taking the IPO total up to £27m. Although £500 is the minimum price to get a stake in RIFC, that is unlikely to deter fans. According to one source, speaking to Investors Chronicle, Capita Registrars has received subscription demand for RIFC shares totalling £24m.True, there are some concerns. Languishing in Scotland's fourth tier as punishment for going into administration, lucrative European football is some years away. The prospectus also mentions the threat of legal action from some players, complaining they were not consulted about contract changes after the old club was liquidated. Mr Green is no doubt counting on Rangers worldwide fan base, estimated to be in excess of 5m, to more than offset those negatives. IC VIEW:There are some reasons to think this football IPO might buck the trend of awful performance by football investments. For one thing, the assets - which include Ibrox (the club's stadium), the Murray Park training facility, the players and the brand - add up to around £100m. Moreover, by next May - when totting up the money from pre-IPO fundraising, the Aim listing and expected season ticket sales - RIFC could be sitting on a net cash pile of £50m. The IPO, however, gives RIFC a market cap of £50m. One to watch.Read it and weep Rangers haters. Quote Link to post Share on other sites More sharing options...
Reformation Bear 6,453 Posted December 16, 2012 Share Posted December 16, 2012 Only a few days to go. I'm hoping that despite the timing just before Christmas that as many Bears as possible are able and willing to invest. I have. For my part I absolutely want to put the financial stuff we've faced this year well and truly behind us and get Rangers as cash rich as possible as quickly as possible. The team need to do the business on the park and work our ticket back through the SFL leagues in each of the next years so that we are heading back to the very top and playing in the Champions League again at the fastest possible pace. That may take some decent dosh to keep the best players and to get the best players we can afford and to keep Ibrox in good nick. And Charles and the Board need to do their bit to run Rangers to the highest standards and do all they can on the commercial front to generate good funds for the club. There are no quick leaps back to the top. I don't trust the SPHell clubs or the SFA so wherever they want to get to with league reconstruction the main thing that matters as far as I'm concerned is that Rangers wins on the pitch week in and week out and we do the business there, and that we put ourselves in as strong a financial position as possible to fund the ambition to get Champions League football back at Ibrox in the quickest time possible. We look after our own future with our own agenda. Our support is second to none. Fact. We own Rangers anyway because we are the life of the club - the people who are Rangers. The share issue does not change the reality of that ownership - it simply puts some cash into Rangers and the more Bears who have cash investment in the club the better. Here's hoping that Rangers gets the result it sought when launching the share offer. Quote Link to post Share on other sites More sharing options...
adam2102 582 Posted December 16, 2012 Share Posted December 16, 2012 so that last bit means that in the London Junior Market the most Rangers can be worth is £50million. Good in a way as it means the club will always be affordable for fans. However in terms of global image and value it looks shite on paper. Quote Link to post Share on other sites More sharing options...
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