Roscoblue
Well-Known Member
Do you think that they should gift the club the money without anything in return?
No, I think they should get shares.
Do you think that they should gift the club the money without anything in return?
You’re probably right.Neither am I but if a supporter’s group have £13 million pounds to invest, is it not better that they put it into The Club than line the pockets of an individual?
Given Dave King’s love for The Club, I’m sure any ‘random’ would have proper due diligence done to offset any concerns regarding their motives.
To be fair I think framing "inviting the Daily Record to a press briefing" as "stabbing supporters in the back" is not exactly helpful.
Whether we like it or not there are plenty of Rangers supporters who get their news from the Scottish mainstream media.
Club 1872 is not just representing the interests of supporters on FollowFollow (and we don't even agree on very much here).
I'm not even sure what percentage of our support regularly engage in online forums etc so maybe it's in our interests for the mainstream to carry this story?
This thread in itself highlights why it’s not a good idea. Our support cannot agree on anything, never mind the running of the club. I really hope that C1872 don’t go through with the proposed purchase of majority shareholding.
How so?They won't be remotely close to a majority shareholding mate, with or without King's shares.
How so?
Rangers jumping in to bed with the record certainly didnt do much to help.After yesterday’s announcement by Club 1872 that they are looking to purchase a significant shareholding without giving a penny of the money to The Club I didn’t think they could surprise me more.
However having learned that they invited the Daily Record to their press/media briefing I am
Utterly astonished. Club 1872 have, for years, fought an honourable and justifiable fight against said arse rag and urged its members and the wider Rangers support to boycott it. Those actions yesterday are a complete slap in the face to everyone of us that have backed their fight.
They will be getting shares, the can't sanction new shares being issued only the board can do thatNo, I think they should get shares.
You are looking for negatives my friend.After yesterday’s announcement by Club 1872 that they are looking to purchase a significant shareholding without giving a penny of the money to The Club I didn’t think they could surprise me more.
However having learned that they invited the Daily Record to their press/media briefing I am
Utterly astonished. Club 1872 have, for years, fought an honourable and justifiable fight against said arse rag and urged its members and the wider Rangers support to boycott it. Those actions yesterday are a complete slap in the face to everyone of us that have backed their fight.
Even with King's shares they'd be sitting at around 25% mate.
Nowhere near a majority shareholding.
thats not true. If there was a £13m share issue assuming at 20 pence a share and all of that was taken by Club 1872, there shareholding would increase to around 20.5% shareholing and the club would get £13m.If fans raised 13M, and wanted to invest in the club by buying shares, there would have to be a new share issue.
A new share issue would dilute the percentage of shares, and I reckon £13M would only buy you in the region of 7%-8% of the club, maybe even less.
Apologies, I misunderstood that for the largest single shareholder.
They will be getting shares, the can't sanction new shares being issued only the board can do that
100% assuming they are allowed to issue the shares. Not up to speed on what further dilution has been agreed. If club 1872 could raise that sort of money then club would bite their hand off for it.And they would if asked.
Totally agree with what you say, I would rather the fans held onto Dave King’s shares. The alternative doesn’t bear thinking off. He puts his shares on the open market, they are bought by an Ashley, Green, Whyte.More shares would need to be issued for that. It’s clear that King now feels he has done his job and now wants to leave. Fair enough, in order to do so he needs to sell his shares, other than punting them to some investor he’s looking to a fans group. C1872 bought Ashley’s shares, it gave the club nothing but got rid of him! As o say I’m sceptical about C1872 increasing their influence, there has been times they’ve not been ran well, but I don’t question their commitment to us and I think that’s why King is looking to them.
How do you know that , i took it as Dave King wants to sell his shares and he wants to sell them to fans for a reasonable price, do you think this was a club 1872 suggestion?And they would if asked.
Do you think DK could still stay on?The only down side for me is we are losing a man of Dave Kings calibre from the club. His shrewd and incisive mind will be a huge miss.
This is the way I see it, correct me if I am wrong.
Dave King could recoup on the region of £25M if the shares were sold for market price. That money goes to Dave King, not the club. DK has opted to give the best and largest Rangers fans group a chance to buy his shares at a discount of roughly half prices. This is a no brainer if sufficient funds can be raised.
I cannot understand why people would be against this. For years there has been calls for more fan ownership, and when a genuine chance arises people don't want it because a few people have fallen out with each other?
Every other large fan base would be exactly the same, its the nature of people. Surely we can organise and overcome a few minor squabbles and grasp this fantastic chance to have a real say in how our great club is run.
Do you think that they should gift the club the money without anything in return?
thats not true. If there was a £13m share issue assuming at 20 pence a share and all of that was taken by Club 1872, there shareholding would increase to around 20.5% shareholing and the club would get £13m.
Dave Kings shareholding would reduce from 20% to 15%.
Alternatively buying from the DK, Club 1872 would go up to 25% and King to 0% and Club would get £0.
I know which one I would prefer
Do you think that they should gift the club the money without anything in return?
Why would the shares be worth 50 pence ? the last share issue they were issued at 20 pence and according to JP jenkins the last match was at 18 pence. DK saying the shares are worth 50 pence doesnt mean that they are.The shares are valued at roughly 50p right now. So buying £13M of shares right now gets you roughly 10% of the club.
If there is a new issue, the percentage would be lower depending on the number of shares.
Dave King is basically gifting 10% of the club to the fans, if they put up the other 10%.
Call it intuition.How do you know that , i took it as Dave King wants to sell his shares and he wants to sell them to fans for a reasonable price, do you think this was a club 1872 suggestion?
Are you talking about nippy saying Rangers in her briefing?I'd be extremely surprised if C1872 do actually manage to reach such an ambitious financial target.
Most of the sources they will be seeking money from are the same as those that would have ordinarily been using that money to buy tickets, goods, strips, etc, where the dosh goes pretty well straight into the Club itself.
However, I could see C1872 raising a fair bit and with what resources they already have, buying a sizeable chunk of Dave King's shares (if that is on the table).
But this time, if they happen to reach a threshold percentage of shares, they must INSIST upon Board representation.
I know that there's infighting and so on, but we've seen again this week how Rangers and its fans can be smeared (without any reason at all !!), without defence from the Club.
Time for our Club to defend those who stood by it when they were needed, and sadly it really does look as if it will take direct fans' representation/delegation to make that happen..
Then more shares could be issued. If King feels its time to go I get that and will be thankful, forever, for what he done but for a Rangers supporters group to choose to pay £13m to an individual rather than directly to The Club doesn’t sit at all well with me.
Buying Ashley’s shares most definitely didn’t give ‘nothing’ to The Club.
Sorry mistakeIf they want to increase their shareholding they need to buy shares off shareholders, that is an unfortunate consequence. If they want to increase their influence then they cannot continue to fight everyone, I am sceptical about the increase in shareholding it seems they could not agree on the colour of shite at times. However inviting the Record even with them being hated is a positive step for me. A step that they are serious and stepping up maybe, not perpetually fighting with media
Worse than Ashley or The Custodian owning us?Any kind of fan ownership would be an unmitigated disaster.
A rare error of judgement here from Dave King.
But there wouldn't be another share issue for the public. Current shareholders would vote against it, why dilute their own %.thats not true. If there was a £13m share issue assuming at 20 pence a share and all of that was taken by Club 1872, there shareholding would increase to around 20.5% shareholing and the club would get £13m.
Dave Kings shareholding would reduce from 20% to 15%.
Alternatively buying from the DK, Club 1872 would go up to 25% and King to 0% and Club would get £0.
I know which one I would prefer
So you are happy for someone else to buy Kings shares and have a huge percentage ownership of the Club? I'm not against that but I don't see anyone stepping forward to hand King that sort of money. I'm sure he will have already approached current investors and been turned down because they are already keeping the Club funded. That could lead to a situation where King, or more likely his family, simply look to shift the shares to whoever will buy in 3 years time. And that may not be a good thing, depending on the buyer of course.Then more shares could be issued. If King feels its time to go I get that and will be thankful, forever, for what he done but for a Rangers supporters group to choose to pay £13m to an individual rather than directly to The Club doesn’t sit at all well with me.
Buying Ashley’s shares most definitely didn’t give ‘nothing’ to The Club.
King wnts out, for whatever reason. What happens to his shares?