Charles Green agreed a deal to shift his Ibrox shares in October last year- just days before telling the Daily Record that heâd be staying around to hear the Champions League theme tune playing over Ibrox!
In a surprise statement to the AIM the club announced that their former Chief Executive agreed a deal with Laxey Partners Ltd on October 19 to sell up his shareholding.
Green bought his shares for one penny ahead of the December flotation that issued shares at 70p each. Shares are currently trading at around 50p with Green tied in to the club until 7 December 2013.
Just seven days after agreeing to sell his shares the big âanded Yorkshireman told James Traynor, then of the Daily Record: âPlaying in the Champions League is the pinnacle and with the correct structures in place there is every reason to believe Rangers can return to that arena.
âWe âave plans to move this club forward and I know we, with the fans, can make it great again. Thatâs the objective now so I wonât be leaving here in a hurry.
âI could say my initial job is all but done but thereâs a bigger challenge ahead now and Iâm not going until the Rangers fans hear that music blaring out inside their own stadium. Thatâs the night I will know we have achieved something special.â
According to todayâs statement: âThe Company announces that under an agreement entered into by Charles Green, the former CEO of the Company, with Laxey Partners Ltd (âLaxeyâ) on 19 October 2012, Mr Green has agreed to transfer 714,285 shares owned by him to Laxey, once free to effect a transfer.
âUnder the terms of the lock-in agreement entered into by Mr Green with the Company on 7 December 2012, Mr Green is prevented from transferring shares before 7 December 2013, without the consent of Cenkos Securities plc other than in limited circumstances such as to connected persons, a family trust or in the event of a takeover of the Company.â
State broadcaster BBC Scotland recently claimed that Green had agreed to sell his shares to the Easdale brothers from Greenock but that looks unlikely with a deal in place with Laxey.
Letztes Jahr im Oktober schon ?
