Jeffreys Henry LLP, the award-winning provider of audit, tax and advisory services, has recently advised Rangers International Football Club Plc on its £20 million intangible assets valuation in preparation for an AIM IPO.Rangers FC AIM IPO Valuation
Jeffreys Henry was appointed to value the intangible assets of the Club, including its brand, member database, players, licenses, broadcasting rights, memorabilia collection and commercial software.
The valuation team was led by corporate partner Justin Randall and technical partner David Warren.
Justin commented: “We are very pleased to have advised Rangers on its valuation. It was highly specialised as there are high levels of emotional value surrounding sports clubs but very little solid market data.”
David added: “Detailed analytical work, our knowledge of company and brand valuation as well as our strong track record in advising AIM listed companies led us on a journey to the eventual valuation.”
Brian Stockbridge, Finance Director at Rangers International Football Club Plc, commented: “I am very pleased with the valuation work that Jeffreys Henry performed for Rangers at short notice. The team was thoroughly professional and we would be pleased to work with them again in the future.”
The valuation was in preparation for an AIM IPO which is hoped to raise circa £27 million with an anticipated market capitalisation of circa £50 million. Rangers plans to use the money to improve the Clubs’ infrastructure including upgrades to the Ibrox stadium.
Rangers International Football Club plc is expected to join London’s AIM Market on 19 December 2012.
