Ireland To Back Away From Sponsors Ban England On Course For Record Sackings Scotland Games To Stay On Free-TV Celtic Fans Claim Old Firm Derby Dead Koukash Wants English Clubs In NRL Lewis Hamilton Signs With Purple PR Cambridge United Flush With Cash Fixing Suspected In Nearly 1,000 Matches Franchise Notes Billionaire Invests $21M In Hamburg SV
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/December 19, 2012/Franchises
Rangers CEO Calls Share Issue A Success, Fans Struggle To Meet Target
Published December 19, 2012
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
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).