Frankie 8,570 Posted March 17, 2020 Share Posted March 17, 2020 Daily Record reporting that the Asian based businessman will be completing a deal over the new few weeks to become one of (or the) largest shareholder in the club. Unclear whether he or someone of his choice will then become chairman when Dave King steps down imminently. More info on Stuart and his Hong Kong real estate company here: https://www.esr.com/en/about_senior_detail.php?id=1&item=0 3 Quote Link to post Share on other sites More sharing options...
Uilleam 5,948 Posted March 17, 2020 Share Posted March 17, 2020 For what it is worth, here, below, is the Dhaily Rhabble 'story'. He is a mogul; he lives and works in the Far East; he has wealth; he is a lifelong Rangers' supporter. He is not boss-eyed. Rangers mystery investor revealed as real estate mogul Stuart Gibson The Japan-based businessman was in Glasgow last week to meet the current Ibrox regime as Dave King prepares to step down. Keith Jackson 23:15, 16 MAR 2020 UPDATED08:17, 17 MAR 2020 https://www.dailyrecord.co.uk/sport/football/football-news/rangers-mystery-investor-revealed-real-21703185 Property funding expert Stuart Gibson is on the verge of ploughing millions into Rangers and becoming the most influential figurehead in the Ibrox boardroom. Record Sport can reveal the Japan-based businessman was in Glasgow last week to meet with the current regime as he edges closer to completing a deal which will see Dave King step away from his position as chairman. Paisley born Gibson has made his fortune in the Far East since moving there in 1999 and his real estate company ESR boasts of having more than £1.5billion worth of assets under its management. It’s understood the life-long Rangers supporter was initially attracted to the idea of investing in the club around six months ago after discussions with current director George Taylor, a senior investment banker with Morgan Stanley, based in Hong Kong. Gibson has secretly attended a number of games during that time including a Betfred Cup semi final win over Hearts in November and the defeat to Celtic in December’s final. Gibson had also planned to be at Ibrox for Sunday’s Old Firm derby before it was postponed due to the coronavirus pandemic. It’s understood Gibson is set to bankroll the club as part of a new £20m investment which will secure Rangers finances in the short to medium term. But it’s anticipated Gibson will then go a stage further by buying up King’s share holding - and becoming the key player behind the scenes. A close source said: “Stuart is extremely excited about this opportunity because he’s been a massive Rangers supporter his whole life. “He met George Taylor as part of a business deal and it was during those discussions that the idea was planted. The talks became very serious form that moment and now it looks as if the deal could be announced very shortly.” Gibson is the co-founder and joint chief executive of e-Shang Redwood or ESR, a Hong Kong-based property development group. In the last month he launched a £200m plan to build the largest goods distribution centre in Nagoya, Japan’s fourth largest city. In March last year, it was announced that ESR has acquired a parcel of land on Japan’s Tokyo Bay for the development of a $1 billion warehouse. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,724 Posted March 17, 2020 Share Posted March 17, 2020 Didn't want to post this earlier as the Record and Sun are banned from Gersnet, was waiting for Rangers to announce it. We can only hope this will be a positive move. 0 Quote Link to post Share on other sites More sharing options...
Bill 13,717 Posted March 17, 2020 Share Posted March 17, 2020 This is worrying and should alarm every concerned Rangers fan. I mean, he's clearly got the money, he's a lifelong Rangers man, he's got the corporate experience ....... but Paisley? ? 1 Quote Link to post Share on other sites More sharing options...
Uilleam 5,948 Posted March 17, 2020 Share Posted March 17, 2020 1 hour ago, Bill said: This is worrying and should alarm every concerned Rangers fan. I mean, he's clearly got the money, he's a lifelong Rangers man, he's got the corporate experience ....... but Paisley? ? Aye, that is worrying. Maybe Ralston....which is hardly Paisley at all... 0 Quote Link to post Share on other sites More sharing options...
Bill 13,717 Posted March 17, 2020 Share Posted March 17, 2020 2 minutes ago, Uilleam said: Aye, that is worrying. Maybe Ralston....which is hardly Paisley at all... The finer details of that wasted land are a mystery to me. In my mind map it's all grey, set about with smouldering craters and evil mutants. 0 Quote Link to post Share on other sites More sharing options...
compo 7,051 Posted March 17, 2020 Share Posted March 17, 2020 1 hour ago, Bill said: This is worrying and should alarm every concerned Rangers fan. I mean, he's clearly got the money, he's a lifelong Rangers man, he's got the corporate experience ....... but Paisley? ? the Paisley angle is worrying it reminds me of the old joke , how do you make a Paisley omelette first you borrow two eggs 3 Quote Link to post Share on other sites More sharing options...
der Berliner 3,747 Posted March 17, 2020 Share Posted March 17, 2020 (edited) Quote It’s understood Gibson is set to bankroll the club as part of a new £20m investment which will secure Rangers finances in the short to medium term. But it’s anticipated Gibson will then go a stage further by buying up King’s share holding - and becoming the key player behind the scenes. Dunno, but here was me thinking that neither "King" is the owner nor Gibson will be the "new owner". Any bankrolling would have to follow certain guidelines ... and we obviously have to double-check on UEFA`s financial fair play stuff too. Edited March 17, 2020 by der Berliner 1 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted March 17, 2020 Share Posted March 17, 2020 I read earlier that he wouldn't become the majority shareholder - that King wasn't looking to sell his shareholding and that there would be a new share issue. 0 Quote Link to post Share on other sites More sharing options...
Bill 13,717 Posted March 17, 2020 Share Posted March 17, 2020 1 hour ago, craig said: I read earlier that he wouldn't become the majority shareholder - that King wasn't looking to sell his shareholding and that there would be a new share issue. Tbh that seems a lot more likely ? 0 Quote Link to post Share on other sites More sharing options...
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