white_italy

Big Stuart · @white_italy

19th Jul 2013 from TwitLonger

This is incredible........ The deal between Sports Direct and RIFC/Sevco. The Rangers Retail deal. RIFC/Sevco are only 51% 'B' share holders and sports direct are 49% 'A' share holders. 'A' shares count as Double votes on Financial matters which means Sports direct have 98 votes when it comes to money matters and RIFC/Sevco only have 51.

There is a clause that if both sides disagree on some things and problem cannot be sorted then Sports Direct have the right to buy out Rangers Retail for a sum equal to 50% of the previous years profits.

Just remember that when your buying your 3 strips.




From,
http://www.lse.co.uk/ShareChat.asp?ShareTicker=RFC&share=rangers_int

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