Two rival Sevco fan groups are set to bid for the club as rumours intensify that the club is weeks away from running out of cash and going into administration.
Shares are currently being dumped on the AIM at 25p as investors get what they can after splashing out 70p per share just over a year ago.
With a number of the original investors selling their 1p shares since the turn of the year it is a buyers market although no ‘high net worth blue-nose’ has yet to venture into the market. Not even Dave King.
Spurred on by the examples of supporter activity at Hearts and Dunfermline a meeting has been organised by Supporters Direct on Friday to start up a similar scheme for the Ibrox club.
Now two days before that the long standing Rangers Supporters Trust has announced that they have swelled their shareholding to 0.86% of the clumpany which is a similar shareholding to Ally McCoist.
Announcing their own ‘fan ownership’ to rival that from Supporters Direct, Trust supremo Gordon Dinnie said: “We started our direct debit scheme just before Christmas. If we can get enough interest going in that then we can buy shares on a monthly basis and build up our stake.
“We can also borrow against that money coming in and use it to buy more. James Easdale had just one more share in the club than the RST following the IPO (initial public offering), yet he was appointed to the board.
“If we get to five per cent, we would hold the right to call an AGM, and the things you are able to do increases as your stake goes up from that point.”
The move by the Trust comes as a direct result of the SD initiative directed by Celtic and Stirling Albion fan Paul Goodwin which has been given the backing of Alex Rae and Dick Gough.
Rae, who had over £500,000 paid into an EBT during his two seasons at Ibrox said: “When I go to Ibrox I hear the Rangers fans singing ‘Four men had a dream’ about the men who founded the club.
“Well the many thousands of Rangers Fans can now make that dream a reality again by gathering together with the single issue of collectively owning their club.
They will go bust on Wednesday coming
If they go bust, it won’t just be Wednesday that’ll be coming…..ahem 🙂
And the comedy doth continue to giveth on a daily basis.
And how i continue to chuckle.
If i won the lotto i would buy all the shares i could on the QT and bury them for good.
Perhaps we should get a wealthy Celtic supporter to do that……..?
Just a mere thought!
Aw ffs, Sleekit will have to change horses AGAIN
Do we really want them to go bust again.
I am sick of the lack of competition in Scotland.They went bust,they can deny all they want,until they are orange in the face that they are still the same club.But they are not.
Celtic supporters who spend an unhealthy amount of each day hating them should really get a life.
Why don’t supporters like that get behind the Independence cause and we can get rid of the british establishment once n for all.
I miss my 90 minutes four times a season hating everything that they stand for.
Them going into administration again will just prolong these days.
So grow up some Celtic fans and spend your day wiyh a little bit more dignity,they have been hugely embarrassed and I for one think enough is enough.
The club you miss are gone forever, as dead as Third Lanark, Woolies and the Saturday Pink.
Get over it, they couldn’t live with Celtic, robbed HMRC and lived way beyond their means, spending what they can afford from the income they generate isn’t a concept that the peepul can cope with.
The next administration looks like being the real deal, not a Duff & Phelps production.
More tribute acts will follow follow, maybe two at the same time, meanwhile for those of us that lived through the nineties glory of Sir David every mishap will be chuckled at while new characters emerge to take the story on from such upstanding citizens as Whyte, Green, Whitehouse, Clark, Ahmad, McCoist, Murray, Mather, Murray, Stockbridge, King, Easdales, Murray, McColl, Somers and Wallace.
@James
McGoldrick,
If it’s all right with you, I’ll just keep pissing myself laughing & mocking them a bit longer thanks!
Also if they go into administration it will be the first time, not AGAIN like you put it!
James McG,
I respect your opinion, but I feel you are
seriously misguided.
Joe and Monti, I concur totally with both
your views.
James,maybe you are influenced by radio
snide,the daily dump and the hun.Or maybe you are young and naive.
So,enough is enough ?
Not in my book.I recall,going to away games,in the 90’s.When the huns illegally
bought titles.On our supp.bus,somtimes
only about 7 of us.
We were mocked at,and told ” long may
your team sink to the depths of depravity”
Those charming words,from a fat,ugly Hun
always stayed with me.
But,now,with roles reversed,it’s like manna from heaven.They have a lot to
chew over now.Crisis after crisis.
So,don’t feel sorry for them.It has all been
self-inflicted.You talk about dignity.Where
is their remorse and humility ?
They spit it back in your face.Backed by
the MSM,who massage their unfounded
ego,and what we have is the peepul’s club(s).
I like many posters on here,ENJOY their
suffering and turmoil.Long may it continue.
HAIL ! HAIL !
Sick of listening about that shower,im more concerned about the way we keep throwing away
the silverware and the empty seats…worrying
We had an average attendance of 33, 000 in our centenary year. The real support will always be there, theres always goin 2 be fans who come and go. And I hope the Rovers put u in yer place before u go boom!
Good article,Joe.
We lose a game,they lose their second
club.A reality check for everybody on here.
In- fighting is the order of the day at Ibrokes.Zombie group against Zombie group.With the Easdales the panto villains.
Now they want a buy-out ?
How much did the fighting fund raise,
which ended in failure,as they couldn’t
save their club.
The pricely sum of 250k.
How embarrassing !!
Roll on Administration.Follow follow by
Liqidation.
With Craigy Whyte selling his land at Ibrokes, to Sanctuary Housing.
I know a hundredaire from Motherwell who is willing to buy them 🙂
That’s funny!
So which groups are involved? Is it the People’s Front of Ibrox, The Ibrox People’s Front or The Ibrox Popular People’s Front? Personally I don’t think any of them is a possible messiah, they’re all just very naughty boys!
Magic mate. HH
Are you saying they’re all a biggus dickus ? 🙂
Maybe they’ll come back as two new teams this time. “We’re sevco 2”. “Naw yer no! We’re sevco 2”.
“as long as the big hoose shuts doon”
AYE READY
ICE CREAM AND JELLY !
Pop! A’here a bubble a bursting! Follow follow! No surrender! No surrender til i die! lol….
Time for them to surrender, yer deed!
Literally, the deeds to everything… even fat sallys oversized training kit!
Aw naw no mare o’ this http://www.youtube.com/watch?v=AyFXEHp-u-o
I think orc pwnership would be a hoot. Imagine that lot actually in charge of the asylum? It would be like the North Korea of Football – all parades, corruption, power struggles, in-fighting and delusion, but nae cash and constantly on the brink of collapse, with a much more powerful rival on the doorstep that it can only look at with bitterness and envy. Oh wait, that wouldn’t be much of a change from the current Sevco regime would it?
“We can also borrow against that money coming in and use it to buy more.”
– my God, do they never feckin learn? Ha ha.
Nick, I was thinking the same thing! You can’t use investment money in that fashion! I can’t believe, after all that’s happened, that they think that’s a good idea!
Hail Hail
I had to read it again. Couldn’t believe the stupidity of what he said
I have been reading in expectation of their demise for a long time now and they are still here just as revolting as ever they were. Why should now be any different?
FOR YOUR AMUSEMENT, A TYPICAL COMMENT PICKED UP BY ANTI-ZOMBIE SOFTWARE:
WE ARE RANGERS 1872 MOST SUCCESSFUL TEAM IN THE WORLD DEBT FREE CELTIC OWE COOP£10 MILLION YOU SCUM BAG
Good post,Joe.
It sums up the mentality of the deluded.
If they had brains,they would be dangerous.
You must get a good laugh at their uneducated rants.
Our European Cup has always irked them.
So much so Minty tried to buy it,and this
ultimately caused the death of their club.
Keep up the good work,Joe.
WE ARE RANGERS 1872 MOST SUCCESSFUL TEAM IN THE WORLD DEBT FREE CELTIC OWE COOP£10 MILLION YOU SCUM BAG
Translation:
Gonnae stop calling us Sevco, big deal we never won a European Cup and we overcompensate for that by bangin on about the hunners and hunners of league titles we used to have….no I mean we’ve still got! Naebody will gie us a tap cos we’ve no got a pot to piss in and we’re pure jealous Celtic ur loaded so we make up wee stories tae make oorselves feel better, you scum bag!
You should let more through Joe…they are good for a laugh!
Hail Hail.
Joe.. You really should let more of them through. Video celts is totally famous now and the Huns are clamouring to get on to spit and sniffle abuse at us. And as andybhoy has just said, they are well good fer a laugh. HH BHOYOS