Jeffreys Henry undertakes valuation work for Rangers FC
Advisors provide intangible assets valuation work for Rangers prior to its IPO
JEFFREYS HENRY has won a contract to provide Rangers Football Club with valuation services as part of the club’s plan to launch on the AIM exchange.
The firm, ranked 76 in the Accountancy Age Top 50 +50, has been appointed to value the intangible assets of the club, including its brand, member database, players, licenses, broadcasting rights, memorabilia collection and commercial software.
Corporate partner Justin Randall and technical partner David Warren have undertaken the work.
The AIM IPO hopes to raise about £27m, with an anticipated market cap of £50 million. Rangers plans to use the money to improve its infrastructure, including upgrades to the Ibrox stadium.