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SBD Global/December 19, 2012/Franchises
Rangers CEO Calls Share Issue A Success, Fans Struggle To Meet Target
Published December 19, 2012
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MCCOIST'S CONFIDENCE: In London, Ronnie Esplin reported Manager Ally McCoist has given Rangers' share issue "a vote of confidence by investing more of his own money in the Ibrox club." McCoist is already listed in the share offer prospectus as owning 1 million shares in the club, a stake of just under 3%. McCoist: "I have personally invested in the club. I think the best way to put it is that I have bought shares in the club as a fan, I haven’t bought them specifically as the manager" (LONDON TIMES, 12/18).
NEW TALKS: In Edinburgh, Ewing Grahame reported McCoist will meet with Green and his directors before the end of the year to "learn what his budget will be for new signings." The club’s embargo on new signings expires Sept. 1 and McCoist is "hoping to agree pre-contract deals with several targets" when the transfer window re-opens in January. However, the quality and quantity of players he’ll be able to approach "will be determined by the amount of money allocated to him by the Ibrox board" (SCOTSMAN, 12/18).