GLASGOW, SCOTLAND - MAY 25: Rangers Chairman John Bennett and CEO James Bisgrove during a Scottish Gas Scottish Cup final match between Celtic and Rangers at Hampden Park, on May 25, 2024, in Glasgow, Scotland. (Photo by Rob Casey/SNS Group via Getty Images)
Shares in The Rangers International Football Club are available for just 4.5p with no rush from buyers.
In December 2012 Charles Green offered shares on the Stock Market at 70p after the club had been set up with penny shares to the original investors including Mike Ashley and Ally McCoist.
As the price slid downwards Dave King, Douglas Park and John Bennett found enough sellers at 30p per share to take control, in June 2017 Club 1872 bought out half of the Sports Direct shareholding for 27p per share with Julian Wolhardt buying up the other 50%.
Now, seven years later those shares have fallen in value by 80% with no sign of anyone prepared to buy them up.
Time to trigger some delicate cupcakes in Rangers support.
Someone has had enough! A seller is offering 260k shares of Rangers for 4.5p. A buyer is offering 5p for 200k shares.
These now near-worthless shares sold for 70p at the 2012 IPO & 25p in the 2021 share offer. pic.twitter.com/wXHB3otJg5
— x – GrandOLTeam (@JBLuvsCeltic) September 30, 2024
The 23/24 accounts from Ibrox have still to be published, without significant UEFA prize money or transfer fees losses are expected to be in the region of £20m.
Funding the Micky Beale Revolution! has been a costly exercise with Phil Clement now having to face up to the reality of austerity while Celtic had £77m in the bank at the end of June ahead of a transfer surplus and payments from the new look Champions League involvement.
The Ibrox accounts may carry a Going Concern warning requiring guarantees from Directors, last month John Bennett stepped down as Chairman with interest paying loans of £13m in the club.
There are no Financial Fair Play or Sustainability rules in Scottish football.
260k / 100 x 4.5 is £11.7k ?
— No Comment ???????? (@TheDjOfChoice) October 1, 2024
Maybe McCoist selling some of his million 1p shares?
— Terry O’Neill (@terryoneill67) September 30, 2024
Another comical side note on Rangers shareholdings.
Rangers and @Club1872rfc disagree on how many shares C1872 holds.
Perhaps Rangers simply refuse to acknowledge that C1872 has a greater than 5% stake and could call for an EGM. pic.twitter.com/mjouXlm91N
— x – GrandOLTeam (@JBLuvsCeltic) September 30, 2024
It’s all Bisgrove’s fault ..he knew ! That’s why he was ‘Joe the Toff ‘ to the desert lands ? As Terry -Thomas liked to say …” What a Shah ” ..a ” rotten Shah ” !
Surprised the shares are worth as much as 4.5p – seriously.
As reliable as an autumn sevco manager change, a Going Concern qualification is
as a stick-on for the RIFC Accounts.
Penny shares – and which are over-priced! 🙂
I seem to remember an estimate a few years ago that, with all the issues to cover loans, there were around 600 million shares in The Rangers. At 4.5p each, the entire club has a value of £27m!