View the article online at http://citywire.co.uk/wealth-manager/article/a646985
Giles Hargreave firm snaps up £3.5 million Rangers stake
by Dylan Lobo on Dec 20, 2012 at 08:08
Green, who paid around £5.5 million to buy Rangers in June through his consortium, is the biggest shareholder with his stake worth around £23 million. Other significant shareholders include the fans, which own 12% and Newcastle FC owner Mike Ashley and the club's boss Ally McCoist, who own 4.6% and 2% respectively.
Meanwhile on the pitch the team celebrated the successful float by thumping Annan Athletic 3-0 in front of 42,135 fans at Ibrox, stretching its winning run to seven games and its lead at the top of table to six points.
McCoist was cautiously optimistic on the club's future in an interview following the game. 'We need to use the money raised by everyone – fans and investors alike – wisely. I would hope to do just that,' he said.
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