Next Game

Dumbarton v Rangers

Saturday, 01 November 2014, 15:00

Scottish Cup Third Round

Ibrox Stadium

Last Game

Rangers 1 - 0 St J'stone

Tuesday, 28 October 2014, 19:15

Scot League Cup Quarter Final

Green praises new investors

Rangers chief executive Charles Green says he is happy with the outcome of the club's share flotation.

Last Updated: 19/12/12 at 14:57 Post Comment

Charles Green: Pleased with investment

Charles Green: Pleased with investment

More of the games that matter

Watch Manchester City v Manchester United live only on Sky Sports this Super Sunday. Upgrade in minutes or watch with a NOW TV Day Pass.

Green, whose company bought the assets and business of Rangers for £5.5m when the club was consigned to liquidation in June, has revealed the bulk of the shares have been purchased by City investors.

The listed company - Rangers International Football Club plc -will act as the holding company for the Scottish third division club, with Green listed as the main shareholder with a stake of almost 15%.

Despite falling short of the £10m worth of shares he had set aside for fans to buy a stake, Green, who already had £17m worth of investment nailed down, is convinced the flotation will prove a success.

"The institutional community have invested heavily. We've taken £17m already from institutions and that list is out there public; it's the great and good of London," he said.

"For me as chief exec the really important endorsement is that of the financial community who have come out in support of it.

"All football clubs are high risk and there's been a history of failure to deliver.

"We know that football clubs historically haven't performed very well, but Rangers is an institution, it's a major sporting brand and we think that makes a difference."

Rangers boss Ally McCoist backed the club's owner in singing the praises of the Ibrox faithful.

"It was a great day off the park," he said. "The fact it's in the region of £22m, and for the fans to chip in with roughly £5m, is absolutely staggering."

Don't miss any live and exclusive football coverage this festive season. Click here to visit Sky Sports' Festive Calendar

More of the games that matter

Watch Manchester City v Manchester United live only on Sky Sports this Super Sunday. Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

s that Subbuteo's Shaun Wright-Phillips? Crikey, I thought he'd retired. Although I guess 'Only' QPR is like a retirement home.

duckman
The Earl Grey Gossip

C

an we release him in January?

dhirt11
Gerrard: I would leave Anfield

E

xcellent! Not sure if he is any good as a manager (never thought about it) but the 'headbutt in the technical area' and what he said to Pelligrini were just brilliant, it was as if he was trying to recreate the end of the Alan Partridge Xmas special when Alan punched a man in a wheelchair and verbally abused Tony Heirs.

beachend
Football Managers On TV: Alan Pardew

Footer 365

Bundesliga: Borussia Dortmund forward Marco Reus shrugs off transfer talk

Marco Reus insists his future is the last of his concerns amid reports Bayern Munich want to sign the Dortmund ace.

Premier League: Wenger not ruling out Arsenal title bid

Arsene Wenger is not ruling the Gunners out of the title race despite being nine points behind leaders Chelsea.

Premier League: Diego Costa back for Chelsea v QPR

Jose Mourinho welcomes back Diego Costa to the Chelsea squad for Saturday’s London derby with QPR.

Mail Box

A Detailed Defence Of Alex Song And...

...lots more in a mailbox that takes in Manuel Pellegrini's woes, Steven Gerrard's future, Carlo Ancelotti, Alan Pardew and Alan Pardew's daughter. A fine read...

Is Ancelotti A Better Boss Than Mourinho?

That's one shout in the mailbox, although not as controversial as the mail imploring Jose Mourinho to sign Steven Gerrard in January so he can win the title he deserves...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property