Finance Expert: Kyle Fox still has a lot of Rangers boardroom to convince to get shareholder agreement signed off
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 has insisted that there may still be a lot of people to convince before Kyle Fox can officially sign off on her new shareholder agreement.
The Finance Expert admitted the potential was always there to return to the table after court proceedings had been finalised with that legal hurdle now gone.
It was reported by the Daily Record that an agreement is in place for a stake of 25-30% in the club at 40p a share, but that still needs to be signed off.
“I would always come back to this,” he exclusively told Ibrox News.
“In theory, yes, there is always the potential to come back to the table, obviously that legal hurdle has been removed so that frees things up a little bit.
“Again, these negotiations always come down to the people in the room, the people who hold the power, so irrespective of that, you have to persuade the individual shareholders to go for it.
“In theory yes, in practical terms there are still a lot of people to convince for a deal to take place.”
Douglas Park and New Oasis Asset Limited are still the top two stakeholders, but Dave King has already been selling his shares to Club 1872 after his promise.
Park along with his directors reacted negatively to Fox pushing to take control of 75% of the club previously, so .it is unknown how he has reacted to the 25-30% stake, which would still make the businesswoman the majority owner, taking the role.
All eyes are currently on this one, with many hurdles potentially still left.
In other Rangers news, this finance expert admits the Bears have numerous options on the table to generate more investment when needed