[Official] John Halsted appointed director of RIFC plc

[Rousseau 10,638]

RANGERS Football Club today confirms the appointment of John Halsted as a director of RIFC plc.

 

https://www.rangers.co.uk/Article/club-statement-john-halsted/5NiHW7pLjdoTVFMRGmLb8R

[the gunslinger 3,366]

very very very rich man. 

[Uilleam 5,943]

Seems a player.

[Bill 13,717]

Quite a bizarre appointment, unless this signals a major transfer of ownership in the near future.

 

To say he's merely being brought on board for his "strong business acumen" is tantamount to the current board admitting they don't already have this precious commodity .... which is the same as saying they lack confidence in where the club is heading. So that's clearly a complete crock.

 

The other possibility is that a highly experienced private equity investor wants a seat on the board to provide assurance over a significant imminent investment. God willing this is indeed the case.

[26th of foot 6,082]

I note he is from Wyoming, retains a house in Yellowstone.

 

I suspect the Bears, Yogi and Bobo have been working on him. Halstead should be told, life at Rangers is no picnic basket.

[weebluedevil 1,239]

35 minutes ago, Bill said:

Quite a bizarre appointment, unless this signals a major transfer of ownership in the near future.

 

To say he's merely being brought on board for his "strong business acumen" is tantamount to the current board admitting they don't already have this precious commodity .... which is the same as saying they lack confidence in where the club is heading. So that's clearly a complete crock.

 

The other possibility is that a highly experienced private equity investor wants a seat on the board to provide assurance over a significant imminent investment. God willing this is indeed the case.

Probably a bit of both. 'Significant' investment though....maybe stretching it.  

[CammyF 8,112]

From earlier in the year...

 

 

 

 

[Bill 13,717]

21 minutes ago, weebluedevil said:

Probably a bit of both. 'Significant' investment though....maybe stretching it.  

A guy like Halsted doesn’t join a board just because he’s investing a few grand. He’ll only get involved if he needs to make a strategic contribution 

Edited August 22, 2023 by Bill

[weebluedevil 1,239]

21 minutes ago, Bill said:

A guy like Halsted doesn’t join a board just because he’s investing a few grand. He’ll only get involved if he needs to make a strategic contribution 

No, but define significant then. 

[Sutton_blows_goats 5,344]

Its always good to have people involved with these types of firms. Especially the big hitters. They tend to know what's going to happen in business before it happens and that can help the club mitigate financial risks. 

 

The rumor is that John is investing on a personal level in Rangers rather than as part of his investment firm, I highly doubt he ill be heavily investing but  he'll no doubt help ensure he can get ROI on his investment in the medium to longer term.