Rangers could soon be getting a new majority shareholder in the coming months with the door open for Kyle Fox to take advantage at Ibrox finally.
After the American court case was halted, the Daily Record has now reported that an agreement is in place for Fox to hoover up a stake of 25-30% at 40p a share.
That would make her the biggest single shareholder at Ibrox, and Douglas Park will no longer be able to hide, with Daily Business previously sharing that £75million in additional capital commitment was on the table.
Fox initially wanted to take control of 75% of the club, something that Park and his directors reacted to with hostility, catapulting this seemingly rubbish legal action.
Now that has gone, the American business women has doubled down on her determination to continue her push for majority ownership it seems.
Speaking in recent days, she shared her communication with the Rangers board: “I have always been, and will continue to be, open and transparent with Rangers’ board, shareholders, and investors.”
Where is it? This has gone on for months now and has even been to the courts, so why haven’t the club come out and told the fans what is going on?
Park may be trying to hide it under the carpet, but it looks as though Fox is going nowhere and her agreement to hoover up those shares should make things move quickly.
Given the catastrophe of the summer transfer market and the debacle of the Champions League and Giovanni van Bronckhorst, it looks as though change is welcomed.
With that £75million commitment ready too, Fox clearly can put her money where her mouth is, and given she initially pushed for 75% control, the cash is ready to go.
This is a change that may have been needed at Ibrox for many years now, as we can’t always sit back on that one Scottish Premiership win and the Europa League final.
Progress needs to be made, and Fox coming in may kickstart that once again.