Rangers chairman Dave King makes 19m offer to buy remaining shares in the club

Rangers chairman Dave King makes 19m offer to buy remaining shares in the club
Rangers chairman Dave King has made a 19million offer to buy out the rest of the shares in the Ibrox club.King was ordered to make an offer for the remainder of the shares in Rangers International Football Club Ltd by the Takeover Panel after it ruled the South Africa-based businessman had acted “in concert” with fellow investors when they took control of the club in 2015.Dave King has made an offer to buy the rest of Rangers1
Dave King has made an offer to buy the rest of Rangers
After a protracted court case, King finally agreed in December that he would make the offer and details of the bid were then posted on the Rangers website on Friday afternoon, just hours before the deadline.King has notified the courts that he will use Laird Investments, a family owned trust, to fulfil the ruling. Shareholders have until 1pm on February 15 to decide whether to accept or reject the offer of 20 pence per share.King seized control of the club from the previous Mike Ashley-backed regime when he teamed up with a group known as the ‘Three Bears’ – businessmen Douglas Park, George Letham and George Taylor.But as they collectively held more than 30 per cent of the shares in the club’s holding company RIFC Ltd, the Takeover Panel ordered Castlemilk-born tycoon King as the group’s leader to comply with stockmarket rules which meant he must make a bid for the remainder of the shares.However, a number of shareholders have already given King “irrevocable undertakings” that they will not accept the offer – potentially reducing the final bill by around 11millionThe rest of the shares are worth in the region of 8million but many are small holdings in the hands of fans, who are also unlikely to agree to the offer.

The new TV deal is set to begin next season

ManUNews.com the web's original unofficial news source since 2006 for all the latest Manchester United News 24 hours a day with our original articles plus news from many top news sources & the best Man United blogs. All the Man Utd transfer news, transfer rumors and player injury news constantly updated.
Manchester United vs Chelsea: How both clubs could line up on

Cristiano Ronaldo’s Portugal take on Switzerland in the Nations League semi-finals

Sport24.co.za | Manchester City reach FA Cup final • Manchester City's quest for a quadruple of trophies remains intact as Gabriel Jesus' solitary early goal saw off Brighton to reach the FA Cup final.
Vincent Kompany: What Manchester City legend told team-mates

The left-back has excelled and it’s no mean feat given his predecessor was Toffees hero Leighton Baines. His set-pieces look set to trouble the Premier League for some time.

Man Utd transfer news live: Liverpool record to be beaten, Real Madrid and Spurs latest MAN UTD TRANSFER NEWS LIVE - All the latest Manchester United gossip from Old Trafford.
Transfer news live: Real Madrid open Paul Pogba talks

Rodgers watched Leicester v Brighton at the King Power Stadium

The Premier League Asia Trophy is returning to mainland China this summer with Manchester City, Newcastle United, West Ham United and Wolverhampton Wanderers competing in the biennial tournament. The tournament will take place in two locations, Nanjing and Shanghai, giving more fans the opportunity
West Ham rumoured to be heading to the Far East for pre

Sue Smith scored 12 goals for England Women

Ole Gunnar Solskjaer believes Marcus Rashford and Victor Lindelof will be ready for Manchester United's Champions League clash with Paris Saint-Germain despite missing out against Fulham.
Match Preview - Man Utd vs Watford | 30 Mar 2019

How Tuttosport reacted on Wednesday
West Ham United transfer news: Mario Balotelli linked with

Sadio Mane scored a hat-trick as Liverpool thrashed Porto at the Estadio do Drago

Naby Keita wears Liverpool kit as he rips medical aid off injured thigh to celebrate Barcelona comeback historic Champions League comeback but no celebration was more heart-warming than Naby
Naby Keita wears Liverpool kit as he rips medical aid off

Omer Faruk Beyaz has represented Turkeys Under-16 team

Manchester United transfer latest: Six potential Paul Pogba replacements as midfielder is wanted by Real Madrid and Juventus fpnews June 11, 2019 0 Manchester United transfer target Aaron Wan-Bissaka's £65m price tag 'absolute madness', talkSPORT told
WalkOn.com | Latest Liverpool News and Transfers

2017-18 revenue: 439.2m

Felipe Anderson and West Ham take on Southampton today. West Ham vs Southampton: How to listen. Full coverage from the London Stadium will be live on talkSPORT 2, with our programme getting underway from 12pm. Russ Williams will bring you all the build-up and for commentary just click here for the live stream or click the radio player below.

Ibrahimovic left Barcelona in 2010, but rejected the chance to join Man City to play for Milan

Real Madrid goalkeeper Keylor Navas has dropped a huge hint that he will leave the club in January amid reports that Arsenal have lodged a £14million offer to sign him. The Costa Rica
Spanish media reveals £14.5m Arsenal bid for Keylor Navas

McNeil scored his first Premier League goal

Izzy Christiansen has not been included in Phil Neville's England squad for this summer's Women's World Cup in France. The Lyon midfielder suffered a fractured fibula and ankle ligament damage in

Darmian has made six appearances for United this season

Naby Keita was cruelly injured against Barcelona in the first leg of the Champions League semi-final but the Guinean rejoiced in his team winning 4-0 in the second leg from the comfort of his home. The former RB Leipzig star was the victim of a dangerous scissor tackle from Ivan Rakitic at Camp Nou.

Scott Parker has been backed to take over at Fulham on a full-time basis

Porto vs Liverpool FREE live stream: How to watch without paying extra plus TV channel, kick-off time and line-ups It's another huge night of Champions League quarter-final action this evening By
Liverpool vs Porto FREE live stream: How to watch without

Post a Comment

0 Comments