The key to Rangers takeover by Far East investor pinpointed as swirling rumour faces Ibrox board non negotiable
dailyrecord.co.ukThe key to Rangers next big investment is who is going to spend the money and if they will use it properly amid rumours of potential investment from the Far East.That is the view of Tam McManus after the Light Blues' new chairman John Gilligan spoke publicly for the first time since replacing John Bennett in the role.
There has been a battle in the boardroom at Ibrox since Bennett stepped back from the top job with former chairman Dave King pushing for a return to the club.
King - who still holds a 14 per cent stake in Rangers - last week claimed the club were “in crisis” and said influential board members wouldn’t want him back because they know he “wouldn’t tolerate board members who are only in it for the ‘jacket and tie’ and don’t actually want to do any real work”.
Gilligan branded a return “unrealistic” as he pleaded with King to keep talks behind closed doors. Gilligan assured supporters that fresh investment was coming under the current regime after King claimed last week that it would take £50m to meet short and medium term objectives.
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