JABBA THE AGNIVORE

SHARE AND SHARE ALIKE

So Green's share issue has apparently raised £22m. The stories about his share issue changed during yesterday as Hughie no doubt realised that he'd better keep the supporters on-side.

Firstly, there was this piece in the Daily Record, which says nothing about how much the input from fans was:

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-reveal-share-issue-has-raised-1496315

The implication in this article is that the shares were bought by institutional investors, rather than the rank-and-file.

Later in the day, another article appeared, which seems to have vanished, that suggested that Rangers' fans had raised 'up to £5m,' whatever that means. 

By today, Rangers fans had raised 'over £5m.'

http://www.dailyrecord.co.uk/sport/football/rangers-chief-executive-charles-green-1497340 


Thenceforth the cheerleading started. Hughie and Sooperally praised the fans, the fans praised each other and the media fell over themselves to pat everybody on the back. 

So what's the true story of how much the supporters raised? God knows! Then again, He probably doesn't; I doubt if Green even tells Him the truth!

Anyway, it's another step in getting Green firmly ensconced and persuading everyone that his company is legitimate. I have said consistently that Green's purchase of the assets was illegal and that the liquidators should be sorting this situation out and getting the money back for the creditors. The fact that Green has been allowed to bring in investors makes it more difficult for BDO to do their job poperly; maybe that's the idea.

It must disgust any right-thinking person to hear Green boast about being debt-free when he was instrumental in swindling creditors out of legitimate recompense. Will anything be done about it? I'm not going to hold my breath.

Ally shows off his first trophy.