29 August 2014

Groundhog Day: The Board Calls for Another Share Issue

By Peter Ewart | Contributor

The Rangers Board released a statement in regards to a potential share issue in RIFC plc on the 6th of August and today we have the details.

What is on offer?

A further 19.8m shares in RIFC plc are available through an Open Offer at £0.20 per share, a discount of 21.6% on the 28 August closing price, to all shareholders who held shares at 5 p.m. on the day.

Shareholders can buy 0.30185 new shares for every 1 share currently held, so if you bought 714 shares for £500 at the IPO you can buy 215 new shares at £43.

If all the shares are taken up then there would be 85.6m shares in RIFC plc. Essentially a 23% equity stake in RIFC plc is being offered to existing shareholders for £3.96m.

13 August 2014

From the pages of WATP: Bears Abroad

From the pages of the newest WATP Magazine, Shane Nicholson tells his story about the time when Brian Laudrup joined Rangers.


Twenty years have come and gone since the signing of Brian Laudrup and with it the revelation that was Walter’s completion of nine-in-a-row. Finding markers in the lifetime of supporting a club as illustrious as Rangers can be difficult but for me this has always been 0 AD. It’s no wonder the arrival of God at Ibrox laid the marker.

12 August 2014

You Talk Some Amount of Shite, Phil: Madey Up McCoist Meeting Edition

By Chris Graham | Contributor

Recently, CRO pulled some of Phil MacGiollabhain’s fantasies apart in a highly amusing article. Whisper it though, the bold Phil has been at it again in an article entitled ‘Regarding Alistair’ which contains less facts than the script of a Harry Potter film. I’ve debated how best to do this but probably best we just work our way through his latest act of fiction.

05 August 2014

HMRC: Questions to Answer

By Andy McKellar | Contributor

Today’s Daily Record revelations have once again dragged the conduct and behaviour of HM Revenue & Customs into question. As the newspaper revealed, the tax authorities were fully aware of Craig Whyte’s previous declared earnings, or lack thereof, and of the personal guarantees given to Ticketus which resulted in a personal tax liability of £3.74M, which of course went unpaid.

Taking the above information into account, one would be forgiven for thinking that HMRC would be keeping a very close eye on the tax affairs of Rangers Football Club under the stewardship of Whyte, an individual who was clearly on their radar for all the wrong reasons. Their actions however would suggest otherwise.


01 August 2014

Paul Tyrrell: If they were the Khmer Rouge where will you rank us?


By Shane Nicholson | Executive Editor

Just who is Paul Tyrrell, the ex-Man. City, ex-Liverpool, ex-Everton PR aficionado? A man of many words? A man of many paychecks? A man of the people?

Certainly the first two.