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Blue Knights Named


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More on John Bennett

 

John Bennett FE Alpha Manager

Henderson Global Investors Ltd , Henderson Management SA

 

John joined Henderson in 2011 as Director of European Equities. Prior to that, John was a Senior Investment Manager in the European Equity Team at Gartmore. John has a 21-year track record of managing Continental and Pan European Equities and joined Gartmore in 2010 from GAM where he spent 17 years. At GAM John managed the GAM Star Continental European Equity Fund and the GAM Star European Equity Fund Both funds were awarded a AAA rating by S&P and together received a total of 27 performance awards at the Lipper Fund Awards 2009. John qualified in 1986 as a Member of the Chartered Institute of Bankers in Scotland

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More on John Bennett

 

John Bennett FE Alpha Manager

Henderson Global Investors Ltd , Henderson Management SA

 

John joined Henderson in 2011 as Director of European Equities. Prior to that, John was a Senior Investment Manager in the European Equity Team at Gartmore. John has a 21-year track record of managing Continental and Pan European Equities and joined Gartmore in 2010 from GAM where he spent 17 years. At GAM John managed the GAM Star Continental European Equity Fund and the GAM Star European Equity Fund Both funds were awarded a AAA rating by S&P and together received a total of 27 performance awards at the Lipper Fund Awards 2009. John qualified in 1986 as a Member of the Chartered Institute of Bankers in Scotland

 

Impressive but it doesn't look like he's got serious money

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Impressive but it doesn't look like he's got serious money

 

None of the do but their names are out there now and people will dig. I hope there are no Craig Whyte types among them!

 

What's Douglas Parks wealth estimated at? My dad used to work for him and doesn't think he has serious wealth.

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None of the do but their names are out there now and people will dig. I hope there are no Craig Whyte types among them!

 

What's Douglas Parks wealth estimated at? My dad used to work for him and doesn't think he has serious wealth.

 

 

It's why they've brought tickitus on board. That seems like desperation on both sides there. Like most people, alarm bells are ringing. I'll wait till the real facts and manifesto are published before totally writing them off though

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None of the do but their names are out there now and people will dig. I hope there are no Craig Whyte types among them!

 

What's Douglas Parks wealth estimated at? My dad used to work for him and doesn't think he has serious wealth.

 

Impossible to guess at people's wealth but like you say I doubt the likes of Park, Smillie and Singh are seriously wealthy. Millionaires I'm sure but they'd have to sell their various interests to access their assets.

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From the Record:

 

PAUL MURRAY this morning goes public with the details of his Blue Knights takeover proposals which he believes can rescue Rangers from financial oblivion.

 

Murray has revealed that Scots motoring tycoon Douglas Park and financial big hitters from London, John Bennett and Scott Murdoch, are the first three wealthy backers to have signed up officially to his consortium.

 

It is expected more names will become public over the coming days as Murray is engaged in discussions with at least seven other potential investors, all of whom are believed to be willing to help fund a takeover.

 

Murray has also secured the backing of investment firm Ticketus, who despite being tainted by their £24.4million deal with disgraced Craig Whyte, are now willing to back the Blue Knights’ bid and provide “substantial” working capital for the stricken club to continue to operate until the launch of a share issue, which will allow fans to buy a piece of the club.

 

Murray and top brass from Ticketus will meet with administrators Duff and Phelps today as other possible bidders from America and the Far East jockey for position.

 

But, in an attempt to keep the fans informed, Murray spoke exclusively with Record Sport to reveal details of the deal which he believes can save Rangers from liquidation.

 

He said: “The Rangers supporters want to know who the Blue Knights are. To date, I have chosen to be the public face because I have the most knowledge of the situation and I am trying to provide a focal point for people to engage with.

 

“I also did not want to name individuals publicly until everyone was happy.

 

“This has been a complex and fast-moving situation so I wanted to choose the appropriate time to ‘launch’ our plan. That time is now.

 

“There are still discussions taking place with a number of individuals so the group is not final but it is beginning to become clearer.

 

“There is room for anyone else who wishes to step forward. We need individuals with money and ideas who can help move Rangers forward. I can confirm that some of the people who have expressed interest so far are Douglas Park, a successful and well-known Scottish businessman, John Bennett, a London-based fund manager, and Scott Murdoch, managing partner of a London-based international property
advisory company.”

 

Murray revealed exiled tycoon Dave King, the club’s second biggest shareholder, will not plough any of his millions into the Blue Knights consortium until he has ended his battle with the taxman in South Africa.

 

But King has given his public backing to Murray’s proposals and is keen to back up his words with cash.

 

Murray said: “There has been a lot of press comment on Dave over the past couple of days. I spoke with Dave on Sunday and he confirmed he is supportive of our initiative.

 

“However, he will only become involved in a more formal way if he is able to resolve his position with the SFA. I am confident he will not do anything that will be an embarrassment or distraction for the club.”

 

Murray confirmed also he will have tabled a firm offer for the club in the next five days – and then begin working towards opening the club up to a form of fan ownership.

 

He said: “We plan to make an indicative offer to acquire the club on Friday. This will be done involving the core group of individuals named earlier and others.

 

“If we are successful we then plan to have a widely based share issue inviting participation from supporters at all levels. We will form a strong board with representation for all the shareholders in a controlled fashion.

 

“After everything that has happened I want as much governance as possible to provide the necessary checks and balances. We will provide more detail in due course.”

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Murray has also secured the backing of investment firm Ticketus, who despite being tainted by their £24.4million deal with disgraced Craig Whyte, are now willing to back the Blue Knights’ bid and provide “substantial” working capital for the stricken club to continue to operate until the launch of a share issue, which will allow fans to buy a piece of the club.

 

That says to me,"We'll LOAN you the money till the fans buy in" AM i wrong with this opinion as it worries me even more

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It's why they've brought tickitus on board. That seems like desperation on both sides there. Like most people, alarm bells are ringing. I'll wait till the real facts and manifesto are published before totally writing them off though

 

But are TicketUs putting any new money in or is their existing liability being converted to shares rather than tickets?

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