Rangers Football Club

3180 days ago

Rangers International Football Club Stockmarket Re-float –up to £20 million to be raised

Rangers International Football (RFC) recently announced the appointment of Peterhouse Corporate Finance as its ISDX advisor, and sources close to the deal say that ISDX is desperate for RIFC to join its junior market in London. A few uncertainties remain.

Sources close to the deal have revealed that bosses at Peterhouse have had four meetings with RIFC Chairman David Cunningham King – with the FCA now having cleared Mr King as fit and proper to run a public company.

However, in order to list on ISDX RIFC must show that it has enough cash to last 18 months. Right now it has net debt of £5 million to the loathed Mike Ashley and

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3357 days ago

The Worthington fraud series part 3 – The case of the well dodgy invoice

My series on the fraud that is Worthington (WRN) continues today with an invoice that raises all sorts of questions. By now the bully boy lawyers for Worthington who have threatened me with action should be starting to sense the scope of the material I am sitting on and there is buckets more to come. The invoice comes from 2013 and is linked to Rangers Football Club.

You will remember that the Worthington Pension Fund (Jerome) leant c£3 million to Rangers just before it went into administration under Mr Craig Whyte. Craig will shortly stand trial on fraud charges relating to that affair. Mr Whyte’s long-time business associate is Aiden Earley, himself a man disqualified from acting as a company director.

The invoice is in full

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