Club 1872 funding | Club 1872 purchase more shares

[gaspard 562]

Here's how my simplistic napper looks at this, let's say i had 10 million to spare and wanted to buy Rangers shares (not to make money but because I'm a fan)

Would i buy from an existing share holder or buy new shares from the club?

No brainer really, I'm investing emotionally so dilution not a significant concern, so I buy from the club and thereby help to achieve our sporting goals. Now even if I was a non emotional buyer, I would still buy from the club as my investment would strengthen the business. 

So it must be asked why did 1872 not apply that fundamental logic? Why reject multiple share offers from the club? 

 

I believe the rank and file members of the collective have nothing but Rangers best interests as their objective, however they should be asking some very urgent questions directly to the directors and demand transparency not smoke,mirrors and straw clutching temporary U-turns.

[ChelseaBoy 2,441]

7 hours ago, Bluedell said:

C1872 turned down the chance to buy shares from Rangers on more than one occasion. They then did the deal with King and heavily promoted it. People paid money to C1872 for the King deal as it appeared to be the only one on offer. The club then went public and said that they would be happy for C1872 to invest in new shares, despite suggestions from C1872 that this was not possible. C1872 then paid over the cash already received to King and did not give those who had donated the opportunity to decide where they wanted their cash to go, so, no, members did not get the opportunity to decide where their cash went.

 

It seems that any "legacy" cash invested over the next 6 months will go to the club, but after that C1872 will revert back to paying it to King, even if the club need more.

 

 

Good luck. ?

 

Thanks for the breakdown Bluedell and it is certainly a warning that vigilance is needed going forward. 

[buster. 5,186]

My uninformed impression from afar is that C1872 has to a degree, been taken over by the interests/influence of DK.

Whether Chris Graham would have played a part in such a hypothesis, I don't know but I'd imagine the bookies would offer short odds on it.

 

That is two guys who have credit in the reputational bank and perhaps DK has so much that it's too easy to say yes.

 

That doesn't make DK into Sir Duped, but it would be more than naughty to go about what he is doing in the way I suggest it might be.

 

 

Edited January 7, 2021 by buster.

[gaspard 562]

16 minutes ago, buster. said:

My uninformed impression from afar is that C1872 has to a degree, been taken over by the interests/influence of DK.

Whether Chris Graham would have played a part in such a hypothesis, I don't know but I'd imagine the bookies would offer short odds on it.

 

That is two guys who have credit in the reputational bank and perhaps DK has so much that it's too easy to say yes.

 

That doesn't make DK into Sir Duped, but it would be more than naughty to go about what he is doing in the way I suggest it might be.

 

 

I fear it's not DK that's being duped.

He wants to sell his equity but now is not the best time to do so, we still need investment.

But behold a willing buyer, with a convenient former employee of DK apparently influencing the collectives strategy, only problem is the buyer dosen't have the funds.

[der Berliner 3,744]

1 hour ago, gaspard said:

Here's how my simplistic napper looks at this, let's say i had 10 million to spare and wanted to buy Rangers shares (not to make money but because I'm a fan)

Would i buy from an existing share holder or buy new shares from the club?

No brainer really, I'm investing emotionally so dilution not a significant concern, so I buy from the club and thereby help to achieve our sporting goals. Now even if I was a non emotional buyer, I would still buy from the club as my investment would strengthen the business. 

So it must be asked why did 1872 not apply that fundamental logic? Why reject multiple share offers from the club? 

 

I believe the rank and file members of the collective have nothing but Rangers best interests as their objective, however they should be asking some very urgent questions directly to the directors and demand transparency not smoke,mirrors and straw clutching temporary U-turns.

... directors who, at the end of the day, buy shares of RIFC to bolster Club 1872 sharehold, right? Its not that they grab money for themselves or act in self-interest, as you might read into some replies.

[buster. 5,186]

6 minutes ago, gaspard said:

I fear it's not DK that's being duped.

He wants to sell his equity but now is not the best time to do so, we still need investment.

But behold a willing buyer, with a convenient former employee of DK apparently influencing the collectives strategy, only problem is the buyer dosen't have the funds.

There was only one Sir Duped !

 

In 9 months things may look very different but until/ if they do, we are going to need all hands on deck.

 

Covid, Title, CLGS, Player Trading ????

[the gunslinger 3,366]

i will be investing 250 quid into the club. anyone else?

[gaspard 562]

26 minutes ago, der Berliner said:

... directors who, at the end of the day, buy shares of RIFC to bolster Club 1872 sharehold, right? Its not that they grab money for themselves or act in self-interest, as you might read into some replies.

Wouldn't suggest for a second that any elected director past or present has personally profited financially from any 1872 and those who would suggest so have no credibility,  to be honest (and I haven't checked) i do not recall anyone on this forum suggesting such a thing.

[stewarty 2,025]

Some observations on what I think *could* be occurring:

 

1) DK wants to sell his holding to the fans to protect his legacy having saved the club.  His family appear not to be interested and that could potentially lead to them selling to non-fans when he is no longer around.  Such investment is likely to be viewed as an opportunity to derive a return, which may or may not align to the interests of the support and thus may have a detrimental impact on his legacy.

 

2) C8172 are offered the chance to buy DK's shares but have knocked back the chance to take part in share issues in the last year or so, probably due to lack of significant cash reserves from donating members.  Having seen the chance to acquire such a large shareholding which clearly aligns to one of the CIC's generally accepted aims/purpose, they hatch a scheme to tie in a commitment from DK to secure the shares, but also need to buy some time to promote the legacy scheme in order to drive new members and donations to fund it.

 

The club however changed the goalposts at the AGM and subsequently afterwards, which has pulled the rug from C1872 and DK.   They have then re-negotiated to maintain the commitment to acquire DK's shares, but allow them to participate directly in share issues over the coming months using the new legacy income and other donations as funding.  As part of this negotiation, DK has sought a commitment from C1872 that they still are intent on acquiring his shares and this has led to the first £250k purchase announced this week.

 

*If* this is indeed what is happening, I'm sure that it could be explained reasonably to members and would be accepted.  However, my call for better and more transparent governance of C1872 remain.  Until then, whispers and innuendo about the motives of the Board and associated helpers will continue to drive a wedge between C1872 and the wider support.

 

The bottom line is that as a founding member and participant in the legacy scheme, I shouldn't have to be reading between the lines like this. 

 

We deserve better.

Edited January 8, 2021 by stewarty

[Bluedell 5,624]

49 minutes ago, stewarty said:

2) C8172 are offered the chance to buy DK's shares but have knocked back the chance to take part in share issues in the last year or so, probably due to lack of significant cash reserves from donating members.  

They claim the reason why they didn't take part in the most recent share issue was because they weren't able to complete "due diligence". It's not been established what part of the club the C1872 board need to increase their knowledge on.

 

As for the others, as has been proven with the King request, they could just ask the fans for cash and they would get some. They would have been given a bit of notice. The fact that they didn't bother just increases speculation as to why they were so keen to do it for King.