Today it has been confirmed that Mike Ashley is the third biggest shareholder in Rangers.

The club alerted the London Stock Exchange today that Ashley currently has 8.9% of ‘The Rangers Football Club Ltd’, with only Charles Green (14.9%) and Mazen Houssami (11.9%) owning more.

The club had to reveal these details as it announced a public share offering allowing the public to buy a stake in a new holding company which will be ‘Rangers International Football Club PLC’.

The announcement says that the share issue is aimed at raising up to £27m capital, while ‘Rangers International’ will, “…own and operate”, the current business that runs the club, ‘The Rangers Football Club Ltd’.

The statement explained;

“Upon admission, Rangers International Football Club PLC will acquire Rangers Football Club Limited on the basis of a one for one share exchange and after admission, Rangers International Football Club PLC will be the holding company for the group”.

As to all the technicalities of exactly what the public would be buying into, I think it is up to them to get their own professional advice but from a Newcastle United perspective, we look on with interest as our owner buys into another club.

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11 comments
SGM
SGM

Its true we could turn into a Southampton or Swansea. Its also true we could turn into a Leeds, Blackburn, Portsmouth, Where's the argument? FFS

Chemical Dave
Chemical Dave

@SGM  careful what you wish for ? Go on sad lad, you're dying to say it.

hettonmag
hettonmag

I've never forgiven Howey  for not jumping high enough to stop Poyet scoring  in the semi-final  of the FA Cup against Chelski.

hate the mackems
hate the mackems

@hettonmag I've never forgiven sheperd for not insisting the game be played at old trafford, he could of at the time. we would have won there, played villa in the final & won the cup!

Adam_B
Adam_B

Jim, when you said, "Why do none of them ever say ‘Newcastle could turn into a Swansea or a Southampton’ with a new owner who showed just a little ambition?' you really did hit the nail on the head.


The debt at NUFC is arguably just a smokescreen, it is probably no more than a financial device, designed simply to maximise the owner's income. All the TV revenue has vanished - if it had not, and I would love the HMRC to take a proper, official look at NUFC's finances this past 8 years, NUFC Ltd would by now be in profit and as far away from the Portsmouth / Leeds situation as it could be possible to be. Of course, as owner, Ashley has chosen to maintain the 'debt' the club owes him and that is very interesting as it could have been paid back but he has decided to let it ride. There are several possible explanations for this, and none particularly good for NUFC.

pgakev
pgakev

Before i read the rst of this I cameup with the same names. 4 bloody players out of 20 odd that give a f***. How can earth can we replace 20 players before next season. No chance. Shameful

magpiefifer
magpiefifer

Howey's so wide of the mark about Ashley.

The fans would happily take their chances with a new owner - Ashley is the worst nightmare,despite the 'financial stability' of the club.We need an owner who knows something about football and the fans,and is not an ignorant,arrogant slob..

cwtoon88
cwtoon88

F**k off Howey you racist mackem w******r

The only reason you would defend Colback is he is a treacherous Mackem like you, best 2 games at SJP have been for the scum. There is a big reason the team he played for last year only survived by a flukey miracle and this year we are on the brink, but some people cant see past Geordie run a lot to see how often he costs the team

A lex
A lex

Sadly, virtually every fan would come up with the same four names. And that should give everyone the idea of the size of the rebuilding task that is sorely needed.