By Doug Ward

21st Sep, 2022 | 7:07am

Rangers takeover: John Bennett stunned by speculation of Ibrox sale after £75m development

Rangers vice-chairman John Bennett was stunned to hear speculation about fellow board members selling their shares amid takeover talk at Ibrox.

According to the Daily Record, American investor Kyle Fox has pledged to pump £75million of cash into the Ibrox giants over a five-year period if she can acquire a 25 per cent stake at the club.

It is understood that she tried to become Rangers’ major shareholder but while Bennett says the club will always listen to any offers, he doesn’t expect to see any of the current board members selling up.

“The bit that surprised me, when I was in Amsterdam the noise seemed to go up about potential sellers from within the board room,” said Bennett, as quoted by the Daily Record. “I think I know Douglas Park as well as anyone can know Douglas Park. I consider him a friend as well as the chairman of this football club. Douglas isn’t a seller, I’m not a seller. In fact, I have recently increased my position above five per cent. And when this said American group did approach us, I actually took that as an opportunity to sound out our big investors and ask ‘where are you, what do you think of this?’

“They rightly said there is no harm in listening, and we do listen to a lot of proposals and that will happen again, I’m quite sure. There is no harm in listening, especially from a fiduciary point of view. We gave quite a lot of time to that situation. But what was very interesting was from John Halstead, to Julian Wolhardt, to people outside the boardroom and in the boardroom there was no interest in selling.”

Nothing to see here

It seems as though Fox’s bid to buy into Rangers is going to fall flat.

Rangers’ ownership seems to be fairly settled right now and the members of the board currently do not appear to have any interest in moving on.

Of course, Bennett cannot speak for everyone. But his words do carry a lot of weight and we fans can only trust what he says about his fellow members on the board.

We do need one change high up at Rangers, however.

Ross Wilson’s job as sporting director seems to be untenable now.

He’s struggled massively in the transfer window and Giovanni van Bronckhorst seems to be airing his discontent towards the transfer chief by playing the teams he did against Napoli and Dundee United.

There were no new summer signings starting against Napoli while a couple of young academy graduates were picked ahead of new recruits against Dundee United.

For all the money we’ve made selling players, Wilson has done very little in terms of incomings.

He did well to get the money he did for Nathan Patterson, Joe Aribo and Calvin Bassey but what use is that if it’s not being used correctly to make the squad better?

In other Rangers news, this Gers employee is in talks to be the next Dundee United manager.