Rangers confirm Perron Investments LLC as new major shareholder
Rangers have confirmed Perron Investments LLC as a new major shareholder of Rangers International Football Club PLC.
In an update on the RIFC information page, Perron Investments have joined a list of shareholders that includes New Oasis Asset Limited, Douglas Park, Stuart Gibson and more.
The web page confirms Perron Investments now owns a 4.16 per cent share – 16.25million shares – in the Premiership champions. It adds that “John Halsted has advised that he is the beneficial owner of the shares held by Perron Investments LLC”.
Who is John Halstead?
According to Bloomberg, Halstead is also a board member at Parexel Intl Corp, KCA Deutag UK Finance PLC and Cypress Communications Inc.
He’s also the president of international equity house Pamplona Capital and has a Master of Business Administration degree from Harvard.
Pamplona Capital is based in New York and Wall Mine reports it manages $10.27billion (£7.37billion) or of regulatory assets.
Halstead is someone who clearly isn’t afraid of big numbers and seems to be someone who we can trust to be involved with our historic club.
Football finance expert Kieran Maguire shared a Companies House document on Twitter earlier this week with Rangers issuing 2.15 million new shares at 20 pence each.
Rangers issue a further 2.15 million shares at 20 pence each. Uncertain if fresh cash or converting loans to shares pic.twitter.com/YO1fYp79Ry
— PriceOfFootball (@KieranMaguire) April 19, 2021
He was unsure about what that could mean for Rangers but that, coupled with the introduction of Perron Investments as a shareholder in the Gers’ holding company suggests big moves are being made behind the scenes at Ibrox.
We know that the club needs to try and balance the books to offset a big loss in recent years with the squad being drastically improved.
Could all this be linked?
In other Rangers news, fans have torn into John Collins over his comments about Alfredo Morelos.