Rangers

     

You are here: Home News Headlines Green Confident On Share Issue
Thursday, 11 October 2012 14:30

Green Confident On Share Issue

Written by 

CHARLES GREEN is confident Rangers’ proposed share issue on the AIM market will raise the £20million it is hoped it will generate.

And he has stressed every single penny which is brought in under the initiative will go straight back into the club.

Green, along with manager Ally McCoist and financial director Brian Stockbridge, was in London today to announce Gers’ intention to float once more on the London Stock Exchange.

And given he helped generate an eight-figure sum to get the club moving forward over the last few months, he expects interest in investing to be high.

Chief executive Green said: “I’m definitely confident. I mean we raised £12million at the start of the year when there was no guarantee we’d even be playing football.

“We didn’t know then either if we’d be allowed back into the league so to go to the market now, when people have seen what we’ve done, is good.

“We’ve got the club playing again, we’ve got big crowds and while there are still problems to overcome which we shouldn’t lose sight of, we don’t have some of the issues we had before.

“The reality is we have got the fans engaged and we have got the institutional markets looking at us.

“When you look at Manchester United raising £200million and being valued at £1.5billion, why can Rangers not be worth £30million?

“Ours’ is a long-term strategy and part of the money which is raised will be put towards very important infrastructure projects around the stadium.

“We announced recently that David Murray has agreed to sell Edmiston House back to the club and we want to turn that into a megastore and a café/bar.

“That will require investment. I’d like to put something similar to Bar 72 into the Broomloan Stand as well.

“There are a whole raft of things we’d like to invest in which will generate income for many years to come.

“It is very important for Rangers fans to understand there is no confusion about where this money is going to go. None of the original shareholders are selling shares.

“Every penny we rein will go into Rangers Football Club and will be used for the club and when the transfer ban comes off, Ally will have cash to enter the market.”

It isn’t just from home Green anticipates there will be interest in investing. He believes people from further afield will be keen too.

The Rangers story has gripped football fans from around the world and the way the club has galvanised itself has intrigued so many.

Green added: “We had one of the big German financial papers come to do a big article on the club along with publications from France and America.

“People have taken an interest in Rangers and not just the sporting press worldwide but the financial press too.

“The whole world understands now what the value of soccer is as a product and that’s why people are showing an interest in us outside the media as well.

“When Imran (Ahmad) and I were in America, we had a meeting in New York on Wall Street with potential investors.

“They see and know the Rangers brand and name and I think there will be very good interest in this initiative from abroad.”

WATCH CHARLES GREEN AND ALLY McCOIST EXCLUSIVELY ON RANGERSTV NOW

Related items

  • Rangers Statement

    Rangers International Football Club plc (“Rangers”) has instructed the law firm Pinsent Masons, supported by forensic investigators from Deloitte, to investigate the connections between Craig Whyte and former and current personnel of Rangers and its subsidiaries.

  • Directorate Change

    THE Company announces that Charles Green has notified the Board that he wishes to step down as Chief Executive with immediate effect. Recent weeks have seen media interest in the circumstances surrounding the period prior to the acquisition of The Club by the consortium led by Mr Green. 

  • Charles Green Statement

    FOLLOWING the publication and broadcast of misleading and inaccurate information on STV this evening, a spokesman for Charles Green said: "Mr Green is appalled by this blatant attempt to discredit him.

Official Club Partners

Follow Follow On Twitter
Love Rangers? Like on Facebook!
Latest Rangers News