23-01-2016, 02:39
(22-01-2016, 19:06)Trusevich Wrote:(22-01-2016, 18:57)Fredstersafool Wrote: I did say in the last post I was not sure of the deal,and therefore am asking you as a rangers follower to put me right which you now have,thank you
Ahem, not quite. . .
Turns out there has been dividends paid out - but they've been relatively small and swallowed up by overheads and costs. The next dividend is supposed to come after the RR accounts are released (I thought they had already?) and it's then that RFC should finally see some cash out of the deal - around £1.2M in total.
And. . . *Dun - Dun - DUNNN!* . . . the split is actually 51/49 in Rangers' favour!
Right. I'm off to the pub before I get anything else wrong. Not that I ever get anything wrong. Not even this time. Or the last. Or ever.
Unfortunately, even though the the shares are split 51/49 in Rangers favour, SD decides on all financial matters as they have double voting rights in that area of the business.