By Anthony Onifade

16th Mar, 2023 | 7:10am

Douglas Park reacts to Rangers takeover move from USA as Wednesday update emerges on BBC News

US-based businesswoman Kyle Fox, head of KRF Capital, has withdrawn her offer to buy a controlling stake in Rangers, according to BBC News.

The report shares that her desire to buy into the club was met with resistance from a number of key shareholders, which includes Douglas Park who has never given any indication he would be willing to sell his stake.

Ms Fox reportedly told BBC Scotland: “Our interest was predicated on certain conditions being met – those conditions were not met.

“Our letter of interest included gaining anti-dilution rights protection, two board seats and access to the data room and management interviews. All were denied.”

According to the report [15 March], Ms Fox has said she is withdrawing her offer completely but remains open to talks in the future.


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Just where do Rangers go from here? Ms Fox will only have put in an offer to buy a controlling stake if she and her company had been given an indication that chairman Park was willing to sell.

The fact that he has rejected the approach surely puts an end to all the talk surrounding any potential Rangers takeover, after fellow chairman Dave King’s deal to allow a fans group to purchase his shares fell through.

It’s been reported that King is still willing to sell his 14% stake, but how is all the uncertainty at the top going to help matters on the pitch?

In order for the Light Blues to be successful like their Old Firm rivals, clarity needs to be cherished from top to bottom. That simply isn’t the case right now, and surely the fans’ views on the club leaders have drastically changed too.

What do the Gers board want to do? Stick or twist? The club simply do not need all this uncertainty.

In other Rangers news, a pundit with insider information at Ibrox has shared one condition that will make Douglas Park leave Ibrox.