club statement

[granda bear]

Rangers International Football Club PLC (RIFC)

RIFC has raised injunction proceedings in the US to prevent a US entity and its principal falsely claiming it has been authorised by Rangers to sell shares in RIFC and using Rangers IP for that purpose.

t.co

 

[Marfc_84]

Will come back when I know what to be annoyed at

 

[Bluenose1979]

Am I supposed to buy an away top after reading the paragraph?

 

[Rangers72]

Bloody yanks

 

[Valley Bluenose]

Reads like some company in the States trying to sell Rangers (RIFC) shares and claiming to have been authorised by the Club to do so. And using official Rangers branding in trying to do so.

Strange one. No doubt more detail over the coming days.

 

[rossgers]

I'd be more interested if they were selling mygers points.

 

[Ataturk]

I’m sure it’s routine corporate jargon but the phrase ’a US entity’ sounds really sinister. As though it’s a supernatural being.

 

[Jjbscotty]

Going to wait 5 minutes until the celtic blog explains it properly.

 

[Coisty09]

There are very strict rules about selling shares in the US of non-US regulated financial instruments and it sounds like someone is fraudulently claiming to be representing Rangers.
The club would have had to act as soon as it was notified otherwise the US authorities would have come down on it like a ton of bricks.

 

[Salsabear]

Here we go.

I’m switching on the Hearts game…I’ll have a wee peek once things settle down.

 

[Supermac1872]

Bring back the banners

 

[mkgers]

I’m sure it’s routine corporate jargon but the phrase ’a US entity’ sounds really sinister. As though it’s a supernatural being.

It just means a company registered in the US.

 

[Arlo]

More dodgy dealings, admin is only around the corner .

 

[Hurricane Run]

The Dallas Cowboys link up is finally happening

 

[Baloo72]

Octopus


Joking

 

[RFC-GSTQ]

Got to be a tim from the gallowgate involved somewhere.

 

[Garrison Defender]

Musk was only kidding about buying Man Utd - it's obviously us he wants.

 

[Maida Vale Bear]

Going to wait 5 minutes until the celtic blog explains it properly.

I can tell you now, it'll be a money laundering theory.

 

[BobbyShearer]

Mrs Polster has gone rogue

 

[amabluestar]

Bloody yanks

John Wayne is an arsehole.

 

[orjan_persson]

 

[jimcornette]

Suspect this is something to do with the raid on Trump’s house.

 

[Jose Calypso]

Bring back the banners

I may still have one of them in the loft

 

[Coopertrueblue]

Ashley Enterprises US

 

[DerekSSR]

Very in depth statement

 

[PaxBritannica]

Wanky yanks

 

[struth 1872]

Got to be a tim from the gallowgate involved somewhere.

Any skulldugery anywhere usually has a smelly behind it.

 

[Alvor]

Must be much more to this story

 

[Rangerista]

I'm waiting for an update from the FBI, I hope they're on the case.

 

[Cooper68]

Hopefully, since it is USA litigation, we get $3 billion compensation.

 

[Lord Summerisle]

About as enlightening as the copy for Tav’s renewal.

 

[GodStruth]

I miss the halcyon days of three 'Rangers statements' a day....

 

[Realger34]

This needs to be explained like you are talking to a two year old, because I’ve not a fucking clue what’s going on.

 

[Loyal72]

Quite a weird one.

In layman's terms, someone is trying to steal other people's money by creating a fake vehicle for selling Rangers shares.

 

[Diego Maradona]

We should invade

 

[HawfHeedHartson]

This needs to be explained like you are talking to a two year old, because I’ve not a fucking clue what’s going on.

Someone in the USA is trying to claim they have the right to sell Rangers shares, the club are saying this isn't true.

 

[UnionBear]

David Graham's 'communications' getting better by the day

 

[sw26]

Seems like a slightly odd thing to put a statement out about given that we are under no obligation to do so as a non-publicly traded company, but perhaps they are wary of supporters who might be on the look out for shares being duped into a scam so worth highlighting.

 

[Rangerista]

Someone in the USA is trying to claim they have the right to sell Rangers shares, the club are saying this isn't true.

Please, please, let it be a scam from Whyte, 99 years in a Federal penitentiary has a satisfying ring to it.

 

[Ticketybloo]

Bring back the banners

Bring back threads that I understand.

 

[boracay ranger]

Seems like a slightly odd thing to put a statement out about given that we are under no obligation to do so as a non-publicly traded company, but perhaps they are wary of supporters who might be on the look out for shares being duped into a scam so worth highlighting.

I think we are still subject to the takeover code for 10 years from when we were delisted from AIM- until 2025.

 

[finbar offended]

I wonder if any action filed would be subject to an SEC investigation?

 

[Glasgow Rangers (Sco)]

Just think……..the web hit on ‘RIFC’ from west of scotland will be on overdrive at the moment

 

[The paisley loyal]

John Wayne is an arsehole.

Naw he's no. !

 

[Coisty09]

David Graham's 'communications' getting better by the day

I did financial journalism/gave financial PR advicefor a chunk of my career, and with matters like this, the best thing to do is say as little as possible.
There is an obligation to inform our own shareholders that the club is involved in litigation.
If it involves the US authorities, it is pertinent and prudent to do so as quickly as possible.
If there are potential legal proceedings then the club will not be able to say anything that might prejudice any inquiries.
I suspect that very short statement may well have been agreed with US financial regulators.

 

[Pirlo]

That’s it, I want Tillman and Sands strung up and flogged at Auchenhowie, send a message to these fat yankee deformities

 

[Live Forever]

Anyone else think the International part in the name is a bit shit?

Don’t like it very much

 

[LJ50]

This was filed earlier this week against KRF Capital LLC in the Florida Southern District Court.

If anyone wants to buy the records, they are HERE.

The statement will be merely because someone has asked, but the company really has to say as little as possible in this situation.

 

[StavrosDingbat]

Hopefully, since it is USA litigation, we get $3 billion compensation.

Would be a right good laugh if we made a fortune out of it though.

 

[Coatbridge Chancellor]

Scottish Rangers Football Club Hires Foley & Lardner for South Florida Trademark Infringement Lawsuit | Daily Business Review

This lawsuit was surfaced on Law.com Radar. Read the complaint here.

www.law.com

Foley & Lardner filed a trademark infringement lawsuit on Tuesday in Florida Southern District Court on behalf of the Rangers Football Club. The complaint accuses KRF Capital d/b/a K Sports Capital of using the Scottish football team’s trademarks and branding to pitch a non-existent investment opportunity. Counsel have not yet appeared for the defendant. The case is 1:22-cv-22597, Rangers International Football Club PLC v. KRF Capital LLC d/b/a K Sports Capital.

U.S. firm sued for allegedly fraudulently trying to sell Scottish soccer club Rangers F.C. - OffshoreAlert

The owner of Scottish professional soccer club Rangers F.C. is suing a U.S. company at federal court in Miami for allegedly fraudulently trying to sell the club, even though it's "not for sale". The defendant is KRF Capital LLC, d.b.a. K Sports Capital, which is controlled by a 49-year-old woman...

www.offshorealert.com

The owner of Scottish professional soccer club Rangers F.C. is suing a U.S. company at federal court in Miami for allegedly fraudulently trying to sell the club, even though it's "not for sale". The defendant is KRF Capital LLC, d.b.a. K Sports Capital, which is controlled by a 49-year-old woman called Kyle Fox.

Rangers International Football Club Plc v. KRF Capital LLC: Complaint

Complaint alleging "Defendant has, without Rangers' authorization, been approaching and actively soliciting potential "investors" and Rangers' current corporate clients pitching an opportunity - that does not exist - to purchase an ownership interest in Rangers" in Rangers International Football...

www.offshorealert.com

Complaint alleging “Defendant has, without Rangers’ authorization, been approaching and actively soliciting potential “investors” and Rangers’ current corporate clients pitching an opportunity – that does not exist – to purchase an ownership interest in Rangers” in Rangers International Football Club Plc, described as “a Scottish public limited company with its principal place of business in Glasgow, Scotland” v. KRF Capital LLC, d.b.a. K Sports Capital, of Delaware, at the U.S. District Court for the Southern District of Florida.