BILBAO, SPAIN - APRIL 17: Rangers John Souttar and James Tavernier at Full Time during a Europa League Quarter-Final Second Leg match between Athletic Club and Rangers at the Estadio de San Mames, on April 17, 2025, in Bilbao, Spain. (Photo by Alan Harvey/SNS Group via Getty Images)
This morning a story in the Daily Record referenced the £100m Ibrox takeover.
The latest deflection story claimed that the mystery American consortium had reached agreement to obtain 51% of the shares although the detail claimed that they would hold a rights issue after ‘bring in regime change’ which sounds as likely as James Tavernier having a trophy on show at his Testimonial Match in July.
With the club website claiming that 487,498,288Â shares have been issued the Record valuation would put a price of 40p per share to reach the magical 51% to seize control of the club.
Unfortunately, out there in the real world 100,000 shares are available at 3.5p each, there appears to be no interest in purchasing at that price.
Buy the confetti for 3.5p and watch the p45ers ( if anything happens) have a share issue and dilute your 3.5p shares??
— Craig Whyte (@RIPRFC) April 23, 2025
Keith Jackson is confident that the takeover will be completed before the end of April 2025.
After buying up the shares the American consortium will inherit a club that lost £17.2m last season, is on course to lose around £25m this season and weighed down by serial losers on long term contracts accumulated by the annual change of manager.
Steven Gerrard was the last manager to start and finish a season, all the while Tavernier has been sharing his disappointment as Celtic pile up the honours.
As ever in the fakeover stories there is no mention of Douglas Park, the Lanarkshire businessman who is sitting with 11.54% of the shares in the club.
Park and John Bennett have £22m of interest bearing loans in the club, if a hostile takeover succeeds the new owners might be hit with an unexpected demand to repay those loans, both men are former Chairmen of the club.
There’s no way on God’s green earth anyone is going to cough up 100m for 51 % of that basket case of a business.
So with that in mind , why are the laptop loyal peddling this nonsense ?
Who does their agenda benefit?
Is it to convince the gullibillies that the new guys have squillions of cash ?
Is it to over inflate the value of the business for when they ask the gullibillies to stump up for shares ?
Who knows but one things for sure I smell excrement
To answer your questions Fergus…
1) – To make themselves (laptop loyalists as you say) feel good and to make their fellow follow follow loyalists feel good as well…
2) – Their bosses – The Gullibillys will rush to buy the pish every day of the week…
3) – It is and it works – I had one on the phone last night, his mate ‘read it in The Record’ (The Scummy)…
4) – Possibly – And when the clarion call comes they’ll buy in droves – Even if it means starving the kids for weeks they’ll do it !
Initial share issue in 2016 was 80 Million @ 20p to raise £16M
After all of the subsequent share issues, 533 Million share now in TRFC.
By pure dilution this is 3p per share.
With excess of £94M in losses in that time I cannot see why the share price would even hold at 3p (hence the lack of interest in buying). Not to mention the debt owed to the soft loaners.
This will be sold as a distressed sale, if at all. That’s why Park is holding on. He’s lost a fortune and now stopped the bleeding. He’s as well keeping his shares as he’ll get sod all for them anyway.
Seeing that headline made me immediately think that 3.5p was on the high side.
Yes, £100M – may as well be £1 Billion.
If I remember correctly the Book Value/Net Asset Value of RIFC had halved since
the prior year to c.£20M?
So, paying c.£80M ‘goodwill’ based on what?
Never made a profit in 12 years – immediate future looks like more losses.
ibrox stadium and the squad need significant investment.
RIFC would be a long-term project, with significant costs – and risks – upfront.
And there is no emotional connection with the club, as far as we can see?
The cold, hard numbers just don’t stack up…
This time next year Rodney we will be millionaires,as my auld maw would say,I’ve bought apples from your barra before.
I was looking fir some entertainment so I jumped on ibrox noise for some COMEDY GOLD and I was not disappointed.
There are ARSEHOLES on that blog virtually falling over each other with excrement sorry excitement.
They are all trying to be so POSITIVE on their way of thinking regarding the FAKEOVER.
Someone is running with a story about the next manager with Thomas Frank’s and Mourinho in a photo finish to takeover,with £17 million compensation being discussed to bring Mourinho in,I told you all COMEDY GOLD.
Then there others talking players coming into the klub not just nickel&dime(pardon the pun there)but price tag being put on these big name players,oooooffffft.
Other are demanding the dross on long term contracts are booted out the door,but no mention of what it will cost the klub and the new FAKEOVER owners to do this.
Should the bookmakers49s FAKEOVER then they must have found a magic money tree to fund it all,with all these players getting paid off,contracts being paid out in full,board members/shareholders getting all their money back they paid,and even still have some loose change for an upgrade of the stadium to 70,000,plus a new manager and a pile of new players,and improvements at Auchinhowie.
If only Carlsberg did football teams.
Murray park not auchenthingwy
£100 million pounds is the figure wee Scotty I believe stated is the price that will be needed to buy out the shares in which any new owners. will have to splurge in order to gain control of theRangers ? Is that including the soft loans to ex chair persons who will have to be repaid sooner rather than later too ? Sounds a bit like wee Scotty is back on the ‘ lagers for breakfast ‘ lark , which his bosses are turning a blind eye to ?
Funny they called their mascot Wee Scotty when they HATE Scotland Valentines…
Is it no called Bronxi bear or Poxy bear or something !
Erza macaroon bars. Spearmint chewing gum…and yer Rangers* shares. Roll up. Roll up.
Hail Hail.
Extract from joint statement from ibrox:
“…Rangers and its existing controlling shareholders are in productive conversations
…about the potential for the Consortium to acquire control of the club…”
“potential”.
Not a terribly bullish, positive statement about delivering that control?
Since October: almost 6 months later it’s still only at the “potential” stage?
Have they actually bought 1 RIFC share yet? We need to know! 🙂