Monday, October 6, 2014

This week on the BotW: ' Newcastle owner Mike Ashley takes Rangers stake to almost 9 '

Short summary of the article would be that The owner of Newcastle, just doubled his share and now holds 8.92%, after he bought it off Hargreave Hale for more than it was offered at an open offer to already shareholders of the rangers. He is not allowed to hold a share higher then 10%, after an agreement with the Scottish FS. Ashley is now the second largest stakeholder in RICF (Rangers), and also is not thinking about selling newcastle until the end of this year, but also not until the offer is higher than the market price. The article then also talks about Dave king, who wants to have a controlling stake in Rangers, who already has the naming rights at Ibrox Stadium and commercial agreement over the clubs retail sale. 

This is a perfect example of the unit on Shareholders. People are investing, in this case sport clubs, to give those financial aids. Having a share does not directly mean that you have a say in the activities of what you have a share in, however if this is the case there will be board meetings where you then are allowed to give opinions that might be taking as advise. A business will have to see that they meet their shareholders needs, shareholders being one of the internal stockholders being able to influence the business. Shares are offered so that, as said before, the business gets money to be able to do other things. Also this article is an example of a business offering shares to already shareholders, showing that they are pretty happy with them, however that already shareholders are also offering to shell their shares.