David Somers

It concerns me that they wont gve the deeds of Ibrox etc cos it smacks of 3rd party ownership !

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I'd be interested in finding out exactly how the the IPO money found it's way to the club from the parent company (RIFC). That's never been made clear.

Nothing has ever been made clear!

According to the full-year accounts (RIFC Company Balance Sheet on p25), the actual figure at 30 June 2013, shown as ‘Amounts due from subsidiary undertakings’, was £16.163m. Note 15 on p39 explains that the “Amounts due to RIFC from The Rangers Football Club Ltd represents the proceeds of the Initial Public Offering less costs incurred in the fundraising. The net funds from this activity have been made available to the subsidiary as working capital.”

What isn't clear is if the parent company have loaned the subsidiary the money and if so what it's secured against.

No one has ever explain how it cost 6m to have the IPO nor who received it !!

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Wallace is becoming more of a joke on a daily basis ! Given his supposed track recod with MTV and Man City I'll be shocked if he's still there after Easter ! The only hope is that they give in and allow a share issue( and thereon King ) before they go tats up.

"downsizing a football club"

This being the key phrase.

SPR is this what you want?

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