Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Rangers International Football Club plc – possible offer & new credit facility as the extraordinary travails continue

By Steve Moore

5 January 2015 05:25

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I previously concluded early last month on Rangers International Football Club (RFC) that the foundations looked to remain not those of a solid investment proposition. The following updates after announcements today of a possible offer and up to £0.5 million credit facility.

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Comments

Jeremy

5 January 2015, 06:36

The Rangers “Franchise” still has huge potential value both in potential profit & kudos for anyone who can get clean control of the club and remains one of the few,perhaps the only, relatively cheap entry ticket for anyone who wishes to buy a major name club.(Assuming of course that the present company has ownership of the club!The Craig Whyte claim saga continues under the ownership of currently thankfully suspended Worthington Group Plc).

This certainly does not make the shares a buy as huge dilution is likely for future financial reconstruction.
Robert Terry

6 January 2015, 04:47

You have to be joking. This is a toxic circus that shouldn’t even be on AIM. The fan base are animals and will block any white knight investors daft enough to get involved. In all likelihood they’ll go bust again this season, get relegated and the whole sorry dance will start over when the club is bought back again from the administrators. A mess.