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Firm advises Rangers on its £22.2m placing, public offer and admission to AIM with a market capitalisation of £45m

08 January 2013

Field Fisher Waterhouse LLP has advised The Rangers Football Club Limited and its new holding company Rangers International Football Club plc ("RIFC") on its placing, offer to the public and admission to trading on AIM on 19 December 2012 with a market capitalisation of £45 million. 

Field Fisher Waterhouse corporate partner Christine Phillips led on the deal together with Patrick Cannon, Head of the Sports practice group.  Corporate associates Caroline Nicholls, Shash Dayal and solicitor Rashed Hasan also assisted together with associate Daniel Geey who advised on football regulatory issues.  

The firm advised on the Club's £17 million placing to institutional investors and its offer to the public which closed on 18 December 2012 raising £5.2 million in a week.  The team advised RIFC on the publication of its prospectus and related issues regarding the offer to the public and placing. 

Christine Phillips said: "Field Fisher Waterhouse is pleased to have been able to assist the Charles Green consortium on the next phase of rebuilding the Club.  The Club has a strong history and brand and enjoys fantastic support from its fans, as has been evidenced by the successful public offer.  We wish the Club every success for the future."

Cenkos Securities plc acted as nominated adviser and broker and were advised by Travers.

Field Fisher Waterhouse advised the Charles Green consortium on the acquisition of the business and assets of Rangers Football Club in June 2012 prior to being instructed to advise on the Club's fundraising and admission to AIM.

Field Fisher Waterhouse has a leading cross departmental sports practice headed by Patrick Cannon.  In addition to corporate finance the sports practice group advises on football regulation, sports related litigation, defamation (particularly in an online context), broadcasting, sponsorship, trademarks, IP and brand exploitation and enforcement.  

Field Fisher Waterhouse is also recognised as a leading firm for mid cap equity capital markets transactions having advised on over 40 deals in 2012.

For further information, please contact:

Paula Nugent, PR Executive, Field Fisher Waterhouse LLP on 020 7861 4526