Laxey To Buy Scottish Soccer Team Stake

Jun 7 2013 | 11:31am ET

A hedge fund is set to become among the bigger shareholders of one of Scotland's most august soccer teams.

Charles Green, the former CEO of Rangers Football Club, will transfer more than 700,000 shares to Laxey towards the end of the year, when he is able to do so. The deal between the two sides was struck in October.

A consortium led by Green bought Rangers out of bankruptcy last summer. Green remains the club's largest shareholder.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of