kidkoala1872
Well-Known Member
Just going by this thread, I've seen it suggested the SD own 51% and the only 2 directors are Ashleys placeman and Dave King.
If that's the case, would it need the agreement of both directors or would SD being 51% shareholders be able to make that call?
Obviously I'm hoping for good news but the last 7 years have taught me that it's usually followed by a boot in the balls.
Seen this here which suggest we have taken control of the 51% shareholding in 2016
https://www.insider.co.uk/company-results-forecasts/questions-raised-rangers-retail-ltd-9874858.amp
Rangers Retail Ltd's latest annual return, outlining who its current shareholders are, has been listed as “overdue” on the Companies House website since July 13.
However the most recent annual return, filed on July 13 2015 and covering Rangers Retail's 2015 financial year, shows SDI Retail Services Ltd held 49 A shares, and Sportsdirect.com Retail Ltd held 26 B shares and The Rangers Football Club Ltd held 25 B shares.
The Rangers Football Club Ltd (TRFC) secured the 26 B shares held by Sportsdirect.com Retail Ltd in January after repaying the £5 million loan.
Rangers Retail notes Sports Direct owner Mike Ashley was the ultimate controlling party at the 2015 financial year end.
The ultimate controlling party as of the 2015 accounts being signed off on August 5, 2016 is The Rangers Football Club Ltd, “by virtue of their 51 per cent ownership of the company”.