Rangers International Football Club are to issue new shares at 70p each on the Alternative Investment Market next week, raising £24.5m after expenses, The minimum investment is £500.
Mike Ashley, the owner of Newcastle United, will own a 5.20 per cent stake in the club, while leading institutions such as Artemis, Cazenove and Legal & General have also subscribed for shares. The accounts value the club’s property at £43m and it is now debt free.
Rangers International Football Club are to issue new shares at 70p each on the Alternative Investment Market next week, raising £24.5m after expenses, The minimum investment is £500.
Mike Ashley, the owner of Newcastle United, will own a 5.20 per cent stake in the club, while leading institutions such as Artemis, Cazenove and Legal & General have also subscribed for shares. The accounts value the club’s property at £43m and it is now debt free.
More details here: Rangers FC raises £22.2 million via placing on AIM