The Charles Green consortium have told Rangers supporters that it would
take at least £50 million for them to sell the newco club – a figure
which would give them an astonishing 900 per cent profit on their
initial £5.5m investment.
A representative from Rangers Unite asked: “What would you see as an exit price?”
Director Imran Ahmad replied: “On a bad day the club is worth £50m.”
That statement will call into question the decision by controversial joint administrators Paul Clark and David Whitehouse, of Duff & Phelps, to sell the club and its assets to Green’s group for a cut-price £5.5m. Ahmed’s estimation of the true worth of the club is likely to enrage creditors and fans alike.
Duff & Phelps have been paid an estimated £200,000 per week during their time at Ibrox.
Stop supporting capitalism!
A representative from Rangers Unite asked: “What would you see as an exit price?”
Director Imran Ahmad replied: “On a bad day the club is worth £50m.”
That statement will call into question the decision by controversial joint administrators Paul Clark and David Whitehouse, of Duff & Phelps, to sell the club and its assets to Green’s group for a cut-price £5.5m. Ahmed’s estimation of the true worth of the club is likely to enrage creditors and fans alike.
Duff & Phelps have been paid an estimated £200,000 per week during their time at Ibrox.
Stop supporting capitalism!
No comments:
Post a Comment