Amidst the chaos and recriminations at Ibrox, some of the major shareholders have been studiously quiet. One of them is Mike Ashley.
The Express reported speculation that Mr Ashley saw his future perhaps as being at Rangers and not at Newcastle.
He is a hugely successful businessman, not known, normally, for wasting money. If he wanted to invest to increase his holding then this would be an investment to make money, either directly or via promotion of his Sports Direct business. Sports Direct has, after all, acquired the naming rights to Ibrox Stadium (or so we were told in March).
As the Express said, with its article focussed on Newcastle rather than Rangers:- Continue reading
I would like to offer my thanks to commenter COYBIG for picking up on another inaccuracy, though again surely inadvertent, in Mr Green’s latest ramblings.
For some unaccountable reason the mainstream media seem reluctant to point out inconsistencies or errors emanating from Ibrox. Maybe they are working on the basis that James Traynor and Charles Green are an irresistible force, or at least immovable objects.
Last Thursday Mr Green was on about naming rights to Ibrox stadium.
As an aside I note that Mr Green is quoted in the piece saying the following:-
What I said last night is that I personally am going to fight to get the Ibrox name in the new title.
Now Mr Green is, unless I am very much mistaken, the CEO of Rangers International FC PLC and also the CEO of Rangers Football Club Ltd. One or both of those companies will be selling these rights. As the CEO of the seller, one assumes Mr Green is in position to tell any prospective buyer “Ibrox stays in the name”. Continue reading
I might be totally off track but the news about the proposed renaming of Ibrox rang a few memory cells in my old noddle.
I have no intention of looking at the pros and cons of renaming or rebranding an established stadium as I truly believe it is a matter for fans to decide on unless club finances are critical and there is no option.
It would appear from press reports that Charles Green is meeting Bear reps at Ibrox tonight presumably to ‘sell’ the idea. Press reports also suggest it’s virtually a done deal with Sports Direct owner Mike Ashley. Continue reading
All change for Rangers who have had to get their JJB kit off and get ready for the unveiling of the new Sports Direct kit.
As usual the losers will be the fans who have already forked-out for new gear to help their club this year but as Mr Green said today: “The more that our fans invest in retail products, the more revenue can be generated and re-invested back into the club.”
So in the current love-in with the owner of The Rangers Football Club Ltd I am sure they will answer the call even though many know that they have little alternative as Green is the only game at Ibrox. Continue reading
I had scheduled a post for today revealing that Charles Green, according to Companies House records, owns 100% of the “The Rangers Football Club Ltd” shareholding – the company which owns Rangers the club and all its assets including the players, Ibrox and Murray Park.
Strange as it may seem the millionaire ‘investors’ who have each apparently paid approx £1 million for 10% of the Rangers club are not listed at Companies House as having any shares in the company which owns the club.
Does Mr Green really believe that Mike Ashley will invest without a shareholding which gives him voting rights at Rangers? It seems from Mr Green’s comments that he isn’t too keen to have Ashley investing in the club and would rather he just flogged kit and handed all the profit to Green’s Rangers. However Zeus Capital might well recognise Mike is a shark compared to Green’s minnow status and prefer a deal with Ashley and his connection with Newcastle and Sports Direct. And, if Zeus hold the purse strings, as many suspect then ultimately they control the outcome irrespective of Green’s shareholding which I discuss in detail later. Continue reading