Stefanovitch 0 Posted February 4, 2011 Share Posted February 4, 2011 Lifted from FF: http://www.investegate.co.uk/Article...204153000P09E3 http://www.investegate.co.uk/Article...204153000P1048 http://www.investegate.co.uk/Article...204153000P82E5 http://www.investegate.co.uk/Article...204153000PB905 Can nyone shed any light on what this may or may not mean? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted February 4, 2011 Share Posted February 4, 2011 Not the easiest things to decipher. I think that the Rangers shares owned by Murray Sports are being transferred out of Murray Sports back into MIH and to Dave King's company. It could be the first stage of a sale. It allows MIH to sell the shares that they didn't have under their umbrella, and also gives Dave King his shares, something he hasn't had before. It could, of course have nothing to do with a sale. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted February 4, 2011 Share Posted February 4, 2011 Looks like 37,448,489 Rangers FC plc shares have been transferred from Murray Sports Limited to Murray International Holdings Limited taking the MHL share holding up to 99,508,968 shares which is 91.47% of Rangers. mmmmmmm 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted February 4, 2011 Share Posted February 4, 2011 Not the easiest things to decipher. I think that the Rangers shares owned by Murray Sports are being transferred out of Murray Sports back into MIH and to Dave King's company. It could be the first stage of a sale. It allows MIH to sell the shares that they didn't have under their umbrella, and also gives Dave King his shares, something he hasn't had before. It could, of course have nothing to do with a sale. This must having something to do with King settleing some of his tax problems in SA. Think he did not have his shares as his assets were frozen. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted February 4, 2011 Share Posted February 4, 2011 This must having something to do with King settleing some of his tax problems in SA. Think he did not have his shares as his assets were frozen. I don't see that in itself being the reason. He has always owned his Metlika shares. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted February 4, 2011 Share Posted February 4, 2011 Just means the end of Murray Sports Limited freeing them from a substantial liability due to MIH ergo removing one of numerous obstacles to a takeover. Dave Kings shareholding now held outwith Murray Sports. 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted February 4, 2011 Share Posted February 4, 2011 I don't see that in itself being the reason. He has always owned his Metlika shares. Ok, i really was just guessing. Have no idea about this stuff tbh. 0 Quote Link to post Share on other sites More sharing options...
Guest puk Posted February 4, 2011 Share Posted February 4, 2011 Seems this was a cashless transaction, if MS is as many claim is being primed for wind up, who takes the hit for the liabilities, looks to me as if King has just acquired a chunk of MS liabilities. 0 Quote Link to post Share on other sites More sharing options...
Totti 0 Posted February 4, 2011 Share Posted February 4, 2011 Dodgy Dave fiddling the finances from one of his 152 companies to another. Nothing to see here move along now A more appropriate name for Murray Park would have been the Cancer of Rangers Park 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted February 4, 2011 Share Posted February 4, 2011 Seems this was a cashless transaction, if MS is as many claim is being primed for wind up, who takes the hit for the liabilities, looks to me as if King has just acquired a chunk of MS liabilities. I think that the relevant MIH subsidiary will already have fully provided the amount due, so there should be limited or no impact. King hasn't acquired any liabilities. This has just made things easier for him as he now has control over his shares. 0 Quote Link to post Share on other sites More sharing options...
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