Rangers International Football Club, the holding company for Rangers Football Club Ltd has announced an update to its list of shareholders.
In a very interesting development, a new name has appeared meaning another seat at the table.
The intrigue 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 in RIFC.
A major shareholding is considered to be 3% or above.
New seat at the RIFC table for John Halstead of Perron Investments.
He is a managing partner of Pamplona Capital, a major international €11billion equity house. pic.twitter.com/1Wuo1bLm2y
— Graeme Hanna (@graeme818) April 20, 2021
John Halstead, a UK-based 56-year old executive, is listed as the owner of the shares held 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 equity house which “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 business side of Rangers at a time when the club is in rude health on the pitch.
As above, supporter shareholding vehicle Club1872 sits at just over 5% in terms of its shares, with plans for Dave King (New Oasis) to sell off his holding to the fans ongoing.
Further scrutiny is essential and the past spells out the requirement for perpetual vigilance but at present the mix of institutional shareholders and expertise with wealthy executive fans is a very positive combination.
Admin 2, as ever, isn’t quite just around the corner despite what the usual suspspects profess.