Charles Green has claimed the 140-year-old history of Rangers the day before the club formally goes into liquidation.
Following his failure to get approval for a CVA Green cut a deal with Duff and Phelps to buy the assets of the club for £5.5.
Six months later the Sevco chief is hoping to raise £20m on the stockmarket giving his mystery investors a four fold return on their investment.
The full details of the prospectus detailing assets and investors has yet to be published but the club did issue a statement this morning to the Alternative Investment Market (AIM).
Green said: “From the time we acquired the business and assets of Rangers FC, we indicated our intention to list the Company and provide our fans with the opportunity to invest in their Club. I am delighted that our plans are coming to fruition.
“Rangers is debt-free and a ‘uge club with enormous support and a 140 year track record of success on the domestic and international arenas. Our aim is to return the Club to its glory days whilst ensuring it is run efficiently and profitably.”
Malcolm Murray added: “Charles has done a great job to bring the Club back from the brink of extinction. We now move on to the next stage which is full recovery and growth. The fans loyalty has been instrumental in getting the Club on its feet and the IPO gives them the chance to have a say on club matters.”
HMRC have appointed BDO to oversee the liquidation and the possibility of criminal activity in the running of the club.
Whether the AIM will approve the prospectus for the share issue remains to be seen.
CLICK HERE for Sevco respond to new administration warning
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Charles Grreen is simply doing what all, souless capatilist vultures see as their right and their duty.
He is simply making sure that the arrogant and stupid people who support and cheat for the sevco/ragers franchise will be ripped-off to the fullest extent possible.
The only thing I’m worried about is that the sevconians, the zombies, and our spineless administrators will damage Scottish football as well as their own stupid, greedy, vastly-overrated selves. How great it is not to be one of the people.
Is there a new dictionary been recently published in Scotland that gives a whole new meaning to LIQUIDATION, because Charlie boy must hav that version, maybe it logs EXTINCT, DEAD, HISTORY under totally new meanings, surly HMRC or even the stock market are going to put a stop to all this smokescreen. I think he’s just trying to DUPE the govan loyal intae departing with there dole money. Hold on that sounds naw bad idea, GO FOR IT CHARLIE BHOY, hail hail. GOD BLESS IE CELTIC+
he didnt save anyone from ‘extinction’, they are a brand new club. How much longer will they peddle this myth?
Let Charlie chuckle tell the knuckledraggers what they want to hear let them give him there money and when he pays off the investors takes his cut there won’t be much left and then it starts all over again they will never learn. There only buying into a Charles green business not a football club well that’s what the 26000 buns with shares in the old club were told when they lost there investment so can’t see it being different this time. Hail hail and let’s enjoy the good times
Anybody tell me where i can get a poster of Chas. before he disappears ? It’s to put on my wall beside my Craig Whyte one .Glesgas Green n Whyte
Yeah, green and whyte promised so much GOLD
Seriously have Celtic hired this guy to destroy the orcs from within?
Where’s GWS, our tame sevconian? I want to hear what he’s got to say about messiah Green.
A quote from an actual stockbroker on radio Scotland this morning:
Raising money through a stock issue to raise money to fund the everyday running of the club- which is what Charlie is doing- is a no no. It’s barge-pole territory.
So, roll-up, roll-up for your pig-in-a poke sevco shares.
Must be a typo – should have been 140 DAYS
I’m sick if hearing about this mob. There’s no way they can sustain their outgoings for much longer so if we all stay quiet they will die and go away.
Agree shhhhhhh lol hail hail
Auld chico wont know whats hit him with all the subhuman bigots hes going to have to deal with when he rips them off for everything they have and rides off into the sunset. You can just see them cashing in there giros to him now. If it wasnt so boring it would be priceless
Green, the sevco fans and their lapdogs in the media are only fooling themselves by banging on about this 140 years of history nonsense. Just because you keep repeating something over and over doesn’t make it true.
For the last time the 140 years of history belonged to a now defunct club it is not an asset with monetary value that can be bought along with a stadium and a training complex, time for them to stop deluding themselves. So those 5 stars the new club wears on it’s jersey carry as much history and meaning as the stars on the name-tag of a McDonald’s employee.
Hail Hail.