Rangers’ plummeting share price has resulted in its value dropping by £16 million in 4 months. The club’s current market value now sits at £19.9 million.
Shares in the club closed at 31p yesterday, dipping as low as 30.4p before close of business. In September, the share price was 55p - 44.5 per cent higher than last night’s figure.
Fans who bought shares in the club in December 2012 have seen more than 50 per cent of their holding wiped off, as fans were originally offered 70p per share. This is in contrast with Charles Green, who was able to purchase 5 million shares at a price of 1p in October 2012.
http://www.scotsman.com/sport/football/spfl-lower-divisions/rangers-value-drops-by-16-million-in-4-months-1-3263785
Shares in the club closed at 31p yesterday, dipping as low as 30.4p before close of business. In September, the share price was 55p - 44.5 per cent higher than last night’s figure.
Fans who bought shares in the club in December 2012 have seen more than 50 per cent of their holding wiped off, as fans were originally offered 70p per share. This is in contrast with Charles Green, who was able to purchase 5 million shares at a price of 1p in October 2012.
http://www.scotsman.com/sport/football/spfl-lower-divisions/rangers-value-drops-by-16-million-in-4-months-1-3263785
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