Rangers fans calmed over Charles Green share plan

RANGERS fans have been given fresh assurances that the Charles Green consortium will NOT cash in after the Ibrox club's stock market flotation.

Loading Comments
Share
Print
Rangers chief Charles Green met with fans' groups
Rangers chief Charles Green met with fans' groups

Gers chief executive Green launched a share issue last week he hopes will raise £20million for the Ibrox club. But the English businessman has publicly admitted in the past his group are looking to make a profit on their £5.5million investment.

And doubts remain among large sections of the Light Blues support about where their money will go if they choose to invest.

However, Green has met with official supporters' groups and confirmed any cash raised will all be ploughed into Rangers.

"In recent meetings, both with ourselves and other fans' organisations, many of the issues that have been troubling fans have been addressed," said Rangers Supporters Trust spokesman Mark Dingwall.

"The money from the share issue will remain in the club and won't be distributed to his group through dividends.

"In addition, the property assets of the club will remain within the club and will not be sold off. We welcome Mr Green's openness in dealing with the fans."

Dingwall added: "We have asked Mr Green how his group plans to make money and he told us by uplifting the share value.

"The only way they can do that and crystalise their investment is by having a properly run club. It is in their best interests for the club to flourish."

He went on: "After all that happened under the stewardship of the David Murray and Craig Whyte regimes, Mr Green's group was always going to be examined very carefully.

"But so far I think many fans have been very positive about the initiatives put forward by Mr Green and his group.

"There has also been mention of non-executive directors being appointed to oversee the corporate governance of the club.

"Having a unified fans' voice and representation on the board is positive. Fans are capable of playing their part in the running of the club."

Finance

Commenting & Moderation

We moderate all comments on Evening Times on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

104320

Have you got a story?

Contact the news desk on 0141 302 6520 or email news@eveningtimes.co.uk
A weekly round up of social highlights

A weekly round up of social highlights

Cat's Eyes on Glasgow

An afternoon at the museum and a little Yelp from my friends

Times Out

Entertainment

Lifestyle

TV Advert
Janice Bell

Janice Bell

You couldn’t make up half the stuff that happens to PA Janice Bell- some of the jams she gets herself into are worth a story or two.

Games news:

Putting the world to rights

Gail's Gab

Water shortages and the UK's grotesque wage gap

Michelle McManus

Michelle McManus

Columnist Michelle McManus is Sussed in the City, and loves to chat about anything and everything.