Statement by the Scottish Football Association

RNS Number : 7787A
Rangers Int. Football Club PLC
29 December 2014
 

29 December 2014

 

Rangers International Football Club plc

("Rangers", "RIFC" or the "Company")

 

Statement by the Scottish Football Association ("SFA")

  

On Wednesday, 24 December 2014, the SFA released the following statement:

 

"The Scottish FA Board convened on Tuesday, 23rd December to hear a submission from the Board of Rangers Football Club. This meeting was arranged in respect of a request set out in an Application to Consent to an increase in MASH Holdings Limited's shareholding in Rangers International Football Club to a maximum of 29.9% of the issued share capital.

 

The Board has now carefully considered the Application and has decided, unanimously, that the Application should not be granted.

 

The Board, under Article 13 of the Scottish FA Articles of Association, is required to have due regard to the need to promote and safeguard the interests and public profile of association football, its players, spectators and others involved with the game. This test is set out in full in Article 13.6."

 

For further information please contact:

 

Rangers International Football Club

Tel: 0141 580 8647

David Somers / Derek Llambias




WH Ireland Limited

Tel: 020 7220 1666

Adrian Hadden / Paul Shackleton




Newgate Threadneedle

Tel: 020 7148 6143

Roddy Watt / John Coles


 

 


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