Charles Green agreed a deal to shift his Ibrox shares in October last year- just days before telling the Daily Record that he’d be staying around to hear the Champions League theme tune playing over Ibrox!
In a surprise statement to the AIM the club announced that their former Chief Executive agreed a deal with Laxey Partners Ltd on October 19 to sell up his shareholding.
Green bought his shares for one penny ahead of the December flotation that issued shares at 70p each. Shares are currently trading at around 50p with Green tied in to the club until 7 December 2013.
Just seven days after agreeing to sell his shares the big ‘anded Yorkshireman told James Traynor, then of the Daily Record: “Playing in the Champions League is the pinnacle and with the correct structures in place there is every reason to believe Rangers can return to that arena.
“We ‘ave plans to move this club forward and I know we, with the fans, can make it great again. That’s the objective now so I won’t be leaving here in a hurry.
“I could say my initial job is all but done but there’s a bigger challenge ahead now and I’m not going until the Rangers fans hear that music blaring out inside their own stadium. That’s the night I will know we have achieved something special.”
According to today’s statement: “The Company announces that under an agreement entered into by Charles Green, the former CEO of the Company, with Laxey Partners Ltd (“Laxey”) on 19 October 2012, Mr Green has agreed to transfer 714,285 shares owned by him to Laxey, once free to effect a transfer.
“Under the terms of the lock-in agreement entered into by Mr Green with the Company on 7 December 2012, Mr Green is prevented from transferring shares before 7 December 2013, without the consent of Cenkos Securities plc other than in limited circumstances such as to connected persons, a family trust or in the event of a takeover of the Company.”
State broadcaster BBC Scotland recently claimed that Green had agreed to sell his shares to the Easdale brothers from Greenock but that looks unlikely with a deal in place with Laxey.
what a shambles
But I thought they didn’t do walking away?
They don’t, they slither away!
Cheats and Liars.
” The SPL, needs them.” The media cry. . … The banks don’t trust them enough to give them a credit line, but the SPL NEED them????
Utterly sickening….
Surely not even the easily deluded could have believed the tripe coming from Chico Green…a 5 year old could see it was all lies……Man Utd – Dallas – Adidas all garbage to keep the press happy.
Built on lies…they will sink just like the last sorry mob, only hope this time that some real action is taken against those responsible.
Who are Laxey Partners?? Craigybhoy maybe????
They are a firm of asset strippers lol who will have the majority shareholding in the sham tribute act,this is going to get so messy,but hugely enjoyable….”so you want to pay 800k for our 2nd division left back???is it cash upfront?used notes preferably,and be a good chap and stick with the p.r that its x amount with more to come based on appearances or whatever bullshit they thick bar stewards will swallow” cannot wait to get this lot in the cup,put them firmly in their place and shut the beggars in perpetual debt right up.
There will never be any real action taken against them …. The SPL and SFA want them so I guess we will be stuck with the Huns the rest of our life … HAIL HAIL !!
The only people taken in my Green’s lies were the mainstream media and low IQ sevconians. That’s why they have lost all credability and their sales have slumped.
Enjoy their hard earned dosh Gladys ……….thank you for the entértainment xx
Hughie green tribute act . whats next laurel and hardy sally playing the fat one just like the song tell me lies tell me sweet little lies as frank Sinatra says the end is near . give this sevco mob one more year then liquidation two is on the cards . hail hail gbnl x
Only one thing for sure anything coming out of Sevcoland will be a lie.