John Halsted, a Rangers board member, has been cited in stories of the San Francisco 49ers’ takeover.
Halsted is presently situated in Wyoming and is regarded as an important board member at Ibrox.
While he does not own a large part in the club, he is nonetheless regarded essential in decision-making.
John Halsted does not play a vital role in guiding the San Francisco 49ers.
It has been alleged that Halsted was instrumental in bringing the San Francisco 49ers on board for the Scottish Sun’s acquisition.
However, this is not known to be the case with the Wyoming-based millionaire. [Daily Record].
He is presently the managing partner of Pamplona Capital Management and worth £1.5 billion.
While negotiations for the takeover are underway, Halsted’s participation in the entire story has been exaggerated.
Rangers fans face an anxious wait for the takeover.
The Ibrox faithful have already witnessed false dawns around takeovers, only for everything to peter out in the end.
The 49ers Enterprises, the San Francisco 49ers’ investment arm, appear to be committed, and if discussions progress, stockholders may be interested in selling their shares.
Gers have been screaming out for additional investment, which has been openly discussed at several AGMs.
There were even rumors that Elon Musk was considering investing in the club, although these were definitely exaggerated.
Paraag Marathe’s experience at Leeds United and the 49ers will undoubtedly benefit the Ibrox club.
The 49ers initially had a minor share in Leeds, which they steadily enlarged until completing the club’s ownership.
Thus, they have a few years of football expertise, which will undoubtedly come in help if they decide to complete the purchase of the Ibrox outfit.
The 49ers Enterprises, the San Francisco 49ers’ investment arm, appears to be committed, and if negotiations continue, investors may be interested in selling their interests.
Gers have been clamoring for more investment, which has been openly debated at recent AGMs.
There were even speculations that Elon Musk was contemplating investing in the club, albeit these were clearly overstated.
‘Not being greedy’ – Pundit shares what Rangers shareholders will do after the buyout announcement tonight.
Rangers are in early negotiations with 49ers Enterprises about a takeover, and all eyes are on existing shareholders to see if they would agree to the terms.
Rangers and 49ers Enterprises are in advanced talks for a takeover, according to the Record, which broke the news on Wednesday (19 February).
The United States-led group, led by Leeds United chairman Paraag Marathe, intends to purchase enough shares to become the single largest stakeholder at Ibrox.
However, with the Gers’ shares divided into little chunks among numerous persons, the 49ers will have some convincing to do as they seek to reach an agreement.
Barry Ferguson reacts immediately to takeover news.
Barry Ferguson confirmed his uncensored opinions on the current takeover announcement, stating that he has always advocated for additional investment in the Glasgow-based team.
The former Gers captain, however, refuses to be swept away by the 49ers’ interest, but he is glad that negotiations about a prospective monetary injection are taking place behind the scenes.
When asked if current shareholders in Govan would be prepared to sell their interests, Ferguson stated that he expects them to do what is best for the club.
“You want what is best for the club, and if somebody is coming in and willing to pay what the shares are valued at or what they are worth then I would imagine the shareholders would do a deal” , Ferguson said Go Radio on February 19, 2018.
“It is not just a matter of coming in and buying stock.
“If that is what happens, the new shareholders will put more money in the team.
Ferguson even joked about demanding half a billion pounds for a new investment in his old team.
“As I said I am not being greedy I am only looking for maybe half a billion” , said the comedian. “A wee half a billion will go down well.”
Rangers set for massive cash investment.
Rangers’ poor on-field results, combined with hierarchical mismanagement throughout the years, have rendered them unable to compete financially with Celtic.
For reference, Mohamed Diomande was the Gers’ most expensive purchase of the past summer transfer window, costing little over £4.3 million, while Celtic spent £11 million for Arne Engels.
The reigning Premiership winners also outspent the Ibrox club to buy Adam Idah (£8.5 million) and Auston Trusty (£5 million) last summer, while Jota returned for £8 million in the winter transfer window.
As Ferguson stated, Rangers have been in need of cash injections for a long time, and the 49ers Enterprises’ interest in a takeover is positive news for the club.
Fans will be hoping that the present shareholders do not prevent new owners from entering Ibrox.
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