Dave King refuses share offer

[Malangsob 1,264]

Just now, gaspard said:

McCoists signature is worth as much as Dave Kings word.

[Bill 13,717]

30 minutes ago, gaspard said:

McCoists signature is worth as much as Dave Kings word.

There's a rumour going round that McCoist has been rehabilitated after his managerial extravaganza. Personally, I have my doubts.

[ranger_syntax 4,422]

52 minutes ago, Malangsob said:

Lurk moar.

[Uilleam 5,960]

I seem to recall that Sir David Murray advised that he had rejected one or two bids for Rangers, one, at least, at the 11th hour in a London hotel, because the prospective purchasers were not fit to be proper custodians.

Or something. 

[Bluedell 5,679]

27 minutes ago, Uilleam said:

I seem to recall that Sir David Murray advised that he had rejected one or two bids for Rangers, one, at least, at the 11th hour in a London hotel, because the prospective purchasers were not fit to be proper custodians.

Or something. 

Although it wasn't publicised as far as I know, Park also made a bid for the club around that time, but I don't think that's what Murray was referring to. I'm led to understand that Park's bid was effectively zero but taking on responsibility for the debt, and there was no chance of Murray agreeing to that at that point.

[BEARGER 1,830]

6 hours ago, Gonzo79 said:

Post. As. Plain. Text. Please. Thank. You.  

 

Also, f*ck The Sun newspaper. 

I normally do after being asked in past. This time I could not, usually it comes up and asks “in plain text?” But not this time.

[Devil's advocaat 1,617]

The more King speaks, the less relevant he becomes. I wish he'd just go away now, he's quite embarrassing.

[Bluedell 5,679]

On 12/04/2023 at 11:12, Bluedell said:

So King was happy to sell his shares to C1872 a few months ago at 25p but turned down 40p? 

 

This party has £25m to buy shares from King for 14.2% of the club. The board are willing to issue shares at 25p, so if they had got new shares from the club they could have owned 18.5% of the club, which would be £25m better off, but this party would prefer to buy shares from King? 

 

40p a share values the club at £177m. It's inherently loss making and has net assets of £41m so is the valuation of 40p realistic? 

 

King, of course, wishes to make this story public after an OF defeat. 

Another great point that Davie Edgar made is that Celtic's market capitalisation is £108m and ours is £111m at 25p, which further pours ridicule in King's argument that our shares are worth 40p.