Today’s Sun reports that Mr Houssami is the man behind the EGM requisition at Ibrox. Thanks to Ecojon’s efforts, readers of this blog know a lot about Mr Houssami.
He was discussed here some time ago and the full posts can be accessed here.
From this blog in October 2012:-
Blue Pitch Holdings and Mazen Houssami
As far as Blue Pitch Holdings is concerned, we have the name of Mazen Houssami as “the legal beneficiary”.
He has been mentioned before. Continue reading
In June Mr Green promised that all of the questions about his consortium and investors in Rangers would be answered “in seven days”. Well, he did not say which seven days!
However last night he has addressed one of the issues – the mysterious Blue Pitch Holdings. His statement from the official Rangers site is below, with my comments beneath.
CHARLES GREEN, Chief Executive, issued the following statement today:
“There has been renewed speculation and media comment recently regarding the current shareholders in The Rangers Football Club. A full list of current shareholders will be published in the share prospectus which will be issued within the next few weeks.
“A lot of attention has focused on investment funds which have taken a shareholding in the Club to date.
“For example, I would like to clarify that in the case of Blue Pitch Holdings, the legal beneficiary is Mazen Houssami and not Arif Naqvi of Abraaj Capital. Mr Naqvi is a personal friend of mine and I approached him early on in the process about a shareholding but he has not proceeded on the basis that the investment fell outside the core geography he invests in.”
We can therefore expect the prospectus in a “few weeks”. Even better, this is the “next” few weeks!
A full list of current shareholders is to be published. Bearing in mind that previously Mr Green announced it would be breaking the law to reveal some of the shareholders, this is an interesting change in his stance. I wonder if any present shareholders would be looking to divest themselves of their shareholding prior to publication of the list in the prospectus?
Blue Pitch Holdings and Mazen Houssami Continue reading