Zappa 0 Posted April 8, 2013 Author Share Posted April 8, 2013 That's pretty interesting forlan. I'm sure you'll be told it was just a mistake or a slip of the tongue... From forlan's own article "A brief sceptical review of the prospectus" back in December: The list of shareholdings larger than 3% reminds us once again that Green has failed to come good on his promise back in June to reveal just who exactly owns us. Blue Pitch Holdings, Margarita Funds Holdings Trust and Norne Ansalt together presently hold 23.34% of the equity yet we haven’t got a clue as to who are the ultimate beneficial owners of those shares are. For a considerable period Green was quite content to let speculation that Blue Pitch Holdings was a vehicle under the control of Arif Naqvi of Abraaj Capital persist until he had to release a statement presumably at Mr Naqvi’s behest in which Green claimed that a Middle East lawyer called Mazen Houssami was the “legal beneficiary” whether that is the same as beneficial owner is highly doubtful. http://www.gersnetonline.co.uk/vb/showthread.php?50691-Article-A-brief-sceptical-review-of-the-prospectus&highlight=Arif+Naqvi 0 Quote Link to post Share on other sites More sharing options...
54andcounting 0 Posted April 8, 2013 Share Posted April 8, 2013 i also think their is an issue here with green being utterly impotent. rangers fans know what he is they will tolerate him till he starts affecting us. from a shareholder point of view he wont get away with paying a dividend if we are behind celtc in the league. right now he couldn't survive sacking super. all it would take is for smith to walk after super was sacked and their would be utter revolt. and if you ask me ally knows it and wants to use it. Well if all that is true then God help us...Ally's job is simple - get a good entertaining team playing and winning matches - if his reason for being there is to get rid of Green before Green gets rid of him, then the game's a bogey as far as Rangers are concerned. But in the reality it won't be true, Green will know when the time is right to dump a hopeless manager and the majority of fans will be right behind him. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted April 8, 2013 Share Posted April 8, 2013 liars can rarely keep a straight story. its why the police get them to talk as much as possible. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted April 8, 2013 Share Posted April 8, 2013 I can't keep up anymore forlanssister, sorry for asking what is probably a naive question but would Arif Naqvi be good or bad news? I seem to recall he was a pretty big player Nothing against Arif Naqvi but why does a CEO feel he needs to play hokey-cokey every so often with who the shareholders actually are? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted April 8, 2013 Author Share Posted April 8, 2013 Last night Charles Green told me that Arif Naqvi was behind Blue Pitch Holdings. I'm having a wee bit of trouble reconciling what he told me with the following statement he made on the Rangers Official site on 20 October 2012. CHARLES GREEN, Chief Executive, issued the following statement today: â??There has been renewed speculation and media comment recently regarding the current shareholders in The Rangers Football Club. â??A full list of current shareholders will be published in the share prospectus which will be issued within the next few weeks. â??A lot of attention has focused on investment funds which have taken a shareholding in the Club to date. "For example, I would like to clarify that in the case of Blue Pitch Holdings, the legal beneficiary is Mazen Houssami and not Arif Naqvi of Abraaj Capital. "Mr Naqvi is a personal friend of mine and I approached him early on in the process about a shareholding but he has not proceeded on the basis that the investment fell outside the core geography he invests in.â? And here's the Times article which originally prompted Green to make the official statement about the involvement of Naqvi via the club website Rangers reveal who rode to their rescue Alex Ralph Published at 12:01AM, October 19 2012 Rangers Football Club has bowed to pressure from wary supporters and released details of its biggest investors, four months after the club was bought out of liquidation. The largest shareholder is the Dubai businessman Arif Naqvi, chief executive of Abraaj Capital, a private equity firm, who holds 4 million of the 25.5 million shares through a vehicle called Blue Pitch Holdings, according to a shareholder list issued to The Times by Rangers. A fund called Margarita Funds Holding Trust, thought by Rangers to be based in the Turks and Caicos Islands, has the second biggest stake, with 2.6 million shares. Zeus Capital, a finance company, has the largest stake if the shares of three individual investors are accumulated. Mike Ashley, owner of Newcastle United and the retailer Sports Direct, has now been cleared by the Scottish Football Association to take a £1 million stake in Rangers, though his application has not yet been finalised. Charles Green, a venture capitalist and chief executive of Rangers, headed the consortium of about 19 investors that bought the clubâ??s assets for £5.5 million in June. Rangers had fallen into administration in February, saddled with huge debts built up by its two previous owners. Mr Green, who was appointed chief executive of Sheffield United when the club was floated via a reverse takeover in 1996, was unable to prevent Rangers from being expelled to the fourth division. He said last week in an interview with The Times, when he announced plans to raise £20 million by floating Rangers on AIM, that the new owners were â??hatedâ? by supporters when he first emerged. That opposition intensified when Mr Green refused to identify who the investors were. â??When I first appeared on the scene ... I had to have police protection. The fans hated us because they didnâ??t know who we were. They thought we were Craig Whyteâ??s [the previous owner] assistants trying to sneak the club back through the back door.â? The shareholder list is not definitive. Imran Ahmad, the commercial director who owns 2.2 million shares, said that five investors were reluctant to be put into the public eye. Rangers supportersâ?? groups welcomed the disclosure but called on the club to disclose all the investors. Ally McCoist, the manager, who has one million shares, said last week that the fans now had â??100 per centâ? trust in the new owners. So basically, a Times article which mentioned Naqvi being behind Blue Pitch Holdings prompted Green to make a statement that Naqvi WASN'T the one behind Blue Pitch Holdings and yet last night Green told forlan in person that Naqvi IS the one behind Blue Pitch Holdings... Confusing, eh? 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted April 8, 2013 Share Posted April 8, 2013 Last night Charles Green told me that Arif Naqvi was behind Blue Pitch Holdings. I'm having a wee bit of trouble reconciling what he told me with the following statement he made on the Rangers Official site on 20 October 2012. You met Charles? Fly on the wall stuff. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted April 8, 2013 Share Posted April 8, 2013 You met Charles? Fly on the wall stuff. He's quite the showman I'll give him that! 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted April 8, 2013 Share Posted April 8, 2013 He's quite the showman I'll give him that!Did you find him a decent enough bloke? (Note this is me trying to fish for small complements to him). 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted April 8, 2013 Share Posted April 8, 2013 Did you find him a decent enough bloke? (Note this is me trying to fish for small complements to him). Doesn't have horns and a tail anyway! I suppose he was decent enough yes. 0 Quote Link to post Share on other sites More sharing options...
TheTinMan99 0 Posted April 8, 2013 Share Posted April 8, 2013 Doesn't have horns and a tail anyway! I suppose he was decent enough yes. Most conmen and liars do have decent personalities. Kinda goes with the territory. 0 Quote Link to post Share on other sites More sharing options...
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