Rangers look at issuing shares

Rangers have appointed London-based Cenkos Securities to explore options for a share issue.

Rangers have appointed London-based Cenkos Securities to explore options for a share issue.

Chief executive Charles Green said: "From the day the consortium I led became owners of Rangers we have repeatedly stated our intention to raise additional capital for the club and would explore all avenues, which may or may not include a stock market listing.

"We are pleased to announce that we have now appointed Cenkos Securities to assist with our plans.

"We are still in the preliminary stages of this process and will make further announcements once the club has been able to consider its plans in further detail."

Green's company bought the assets and business of the original Rangers for £5.5million when the administration-hit club was consigned to liquidation in June.

Green has been seeking investment and has long stated he would give supporters the opportunity to purchase a major stake in the club.

 
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