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Rangers out to raise £27m from planned share issue

RANGERS Football Club aims to raise up to £27 million when it floats on the stock exchange.

GOALS: Charles Green put together the business plan with finance director Brian Stockbridge, above left, and commercial director Imran Ahmad. Newcastle United owner Mike Ashley, above right,  is named as one of the biggest shareholders in the club.
GOALS: Charles Green put together the business plan with finance director Brian Stockbridge, above left, and commercial director Imran Ahmad. Newcastle United owner Mike Ashley, above right, is named as one of the biggest shareholders in the club.

The club gave details of its share offering to the London Stock Exchange yesterday announcing it already has secured pledges from investors totalling £17m.

A list of current major shareholders, including Mike Ashley, the owner of Newcastle United and the retail firm Sports Direct, was submitted as well as the institutional investors who have pledged to subscribe.

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