11.1 C
New York
Sunday, November 27, 2022

Buy now

Rangers ‘protecting’ themselves amid £75m ‘legal issue’

Rangers’ major shareholders are not ready to relinquish control and will relentlessly ‘protect’ their investment as long as they remain in control of the club.

That’s the opinion of financial guru Kieran Maguire, dedicated to Football Insider About the latest developments behind the scenes at Ibrox.

According to Chinanews.com Log On Monday (September 5), Rangers rejected an offer from US investor Kyle Fox to buy a 25% stake in the club and become its largest individual shareholder.

It is understood that Fox has pledged to invest £75million in the club over five years if the bid is successful.

The Rangers are now suing Fox for unauthorized use of their badge on documents.

Maguire suggested why the Glasgow giants would be so belligerent over an offer that looks attractive on the surface.

“I think if you look at the senior investor mix at Rangers, they’ve put a lot of money into the club over a couple of tough years.,” He says Football Insider Adam Williams.

“Rangers have gone through a recovery phase and do not necessarily want to see their participation diluted.

“As for potential legal issues with the logo, the club is only protecting its intellectual property. It will do it anyway.

Rangers is a very attractive brand and the club will feel they have the right to protect the brand if it is used for personal purposes by people not affiliated with the club.

In other news, Alfredo Morelos ‘could be in trouble’ after seeing Frank McCavenny at Rangers.

Pundit posts ‘incredible’ Celtic claim after seeing it

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles