Tag Archives: Share Value

CNBC Quotes Rangers Shareholder – “Rangers FC – The Best Investment in Soccer”

The American website, CNBC, has a provocative story in its pages. It might not realise it is provocative, but it will, I suspect, generate some conflicting opinions.

It quotes Gervais Williams, a fund manager at Miton Group PLC, speaking highly of the value of the shares.

He is quoted as saying:-

“Because of the precipitous fall a lot of the debts have gone away. The business has got £20 million ($33 million) cash on the balance sheet. It owns its own ground which is worth about £70 million, the training ground worth another £10 million. They’ve really got great revenue coming in from the season ticket sales which will happen over summer. So, the actual business is capitalized at only £45 million. Continue reading


Filed under Charles Green, Rangers

Why Rangers International’s Higher Market Cap Does Not Mean It Is Worth More Than Celtic by Mícheál


The following comment was posted on a thread yesterday by Mícheál. As he managed to say what I was going to say about market capitalisation and values in a far more elegant and far shorter way, I thought I would post it as a post, for anyone who might have missed it. I think he was writing in response to Clarkeng who wanted to make clear, over a large number of comments (and I am happy for him to participate so enthusiastically) that RIFC PLC was “worth” more than Celtic as a result of the share prices.

He also says kind words about me, but has a warning, of which I am very conscious, of how the blog could lose its value. (And by value I mean an entirely non-financial value – I am not looking to sell the blog off – unless of course some tycoon wants to buy it!)

Take it away Mícheál.


I don’t know why some people are bringing Celtic into the discussion again. Continue reading


Filed under Charles Green, Guest Posts, Rangers