We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Rangers...
Dan Plumley claims an improve offer from American investor Kyle Fox could turn some heads on the Rangers board after a £75million pledge was snubbed.
As reported by the Daily Record on 5 September, Fox had offered to pump £75million into Ibrox over a five-year period in exchange for a 25 per cent stake in the Glasgow club.
In response, the Gers have sued her in a Miami court over the use of the club badge.
Plumley can understand why Rangers’ shareholders would want to protect their investment in the club but he admits that an increased offer from Fox could increase her chances of getting her feet under the table.
Speaking to Ibrox News, Plumley said: “Everyone’s got their price.
“If you look at what’s happening in and around this, if you put more money into that offer then people are going to pay a bit more interest.
“If you look at where Rangers have been and the growth they’ve had over the last few years, there’s a return on investment angle to that because they’re now starting to reap some of the rewards of what’s gone in the last few years.
“Europa League final, Champions League group stages – millions come with it.
“If you have a position on that board and you have an invested stake, it stands to reason you’re going to want to protect that a little bit.
“Logically, you’re looking at anybody coming in and saying, ‘that’s a relatively good offer for the business’ and you go a bit further.
“There’ll be some back and forth on this one but more money into that offer will make people more interested. But the current board will want to protect their position now given where Rangers are at the minute.”
Rangers’ vice-chairman John Bennett has recently spoken about Fox’s approach [Daily Record], saying that numerous groups have been in touch about buying into the Europa League finalists and that he and Douglas Park will not sell their shares.
In other Rangers news, this senior man is set to quit his job at Ibrox.