Charlotte Fakes Reveals “Stud” Connection with Rangers’ Charles Green by Ecojon

I noticed one of the Charlotte Fakes ‘leaked’ docs had an email address for Charles Green: cgreen@holmedownstud.com and I wondered whether this was kosher or faked as I hadn’t previously come across Green being connected with a company of that name.

A quick look showed the website registrant for holmedownstud.com was John Paul Fraser of Whitley Bay.  I wondered if he was connected with Paul Fraser from Newcastle who set-up Panceltica – the AIM company which floated in March 2008 with a market cap of £236 million and within two years had crashed, burned and was liquidated with most investors losing their lot.

But Paul Fraser is into construction and huge companies so would he be connected with a horse stud business whose non-working website is registered to a very modest Newcastle address with barely enough garden space for a Yorkie terrier let alone a donkey?

I then remembered that Green stayed at Holme Downe in Okehampton prior to his ultimately disastrous AIM venture in the Middle East with Medical Solutions which pre-dated him becoming vice chairman of Panceltica in his next AIM adventure.

Rangers’ Green Reveals All Re Blue Pitch Holdings…Or Maybe Not. Who Is Mazen Houssami?

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.

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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.”

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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