Next Game

Hibernian v Rangers

Saturday, 27 December 2014, 12:15

Scots Champ

Ibrox Stadium

Last Game

Rangers 2 - 0 Livingston

Saturday, 20 December 2014, 15:00

Scots Champ

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

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

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

really enjoyed this. Thanks F365 for another year of work avoidance - happy Christmas.

megabrow (cufc)
Our Person Of The Year: Alan Pardew

I

m no Sam Fan and this article sums him up beautifully. I always like to imagine that when he watches anything on TV and hears clapping, he stands up and aknowledges the applause, thinking its for him!

cozens
Football Managers On TV: Sam Allardyce

N

ah, Fergie is just having another pop at Rooney. He just wants to put him down whenever he gets a chance. Rooney is by far the best English player. Carrick is not far behind, mind. However, by elevating Carrick like that, Sir is having a dig at Wayne. Fergie is well-known for mind games like that. Good to see he's still feisty.

timbo
Van Gaal will thrive - Ferguson

Footer 365

Premier League: QPR look for result against Arsenal, Rio Ferdinand in selection contention

QPR boss Harry Redknapp says Rio Ferdinand could be back in the team as the squad is rotated through the festive period.

Premier League: Nemanja Matic says Chelsea can win quadruple

Chelsea midfielder Nemanja Matic insists the Blues can win the quadruple this season.

Premier League: Ronald Koeman facing selection crisis ahead of Southampton's match against Everton

Harrison Reed's impressive display against Everton has given Ronald Koeman a selection dilemma.

Mail Box

Van Gaal's Half-Term Report Card...

One Man United fan isn't happy with the rate the team is progressing under Louis van Gaal, while the mailbox also wishes Liverpool fans a Merry Mid-Table Christmas...

Hang On, Rafa's Success Is No Fluke...

The afternoon mailbox kicks the morning mailbox's arse after claims that Rafa Benitez has fluked his success. Plus, big talk about Liverpool's progress and lots more...

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