Rangers International Football Club, the holding company of Rangers Football Club Ltd, has announced an update to its shareholder list.
In a very interesting development, a new name appeared meaning another seat at the table.
The plot continues deeper with a scratching of the surface.
Perron Investments LLC is listed as the owner of 16,250,000 – 4.16% of the shares of RIFC.
A significant stake is considered to be equal to or greater than 3%.
New seat at the RIFC table for John Halstead of Perron Investments.
He is managing partner of Pamplona Capital, a major international capital company of 11 billion euros. pic.twitter.com/1Wuo1bLm2y
– Graeme Hanna (@ graeme818) April 20, 2021
John Halstead, a 56-year-old UK-based executive, is listed as the owner of shares owned by Perron – this entity appears to be his own individual investment arm.
Harvard educated Halstead is a managing partner at Pamplona Investments LLC, an international capital firm that “has raised five private equity funds with total committed capital of $ 11 billion since its inception in 2005.”
This is a very interesting update for the Rangers’ business side at a time when the club is in poor health on the pitch.
As above, the Club1872 fan ownership vehicle sits at just over 5% in terms of shares, with plans for Dave King (New Oasis) sell their participation to current fans.
Further examination is essential and the past spells out the demand for perpetual vigilance, but right now the mix of institutional shareholders and expertise with wealthy executive fans is a very positive combination.
Admin 2, as always, isn’t quite right around the corner despite what the usual suspicions profess.