By Sam Stone

16th Mar, 2023 | 4:10pm

Kyle Fox Rangers takeover still on the cards, investor 'remains open' to talks

American businesswoman Kyle Fox “remains open” to future talks to buy a controlling stake in Rangers, according to the Daily Record.

Fox, head of KRF Capital, told BBC Scotland (15 March) that her offer to buy a majority share in the club had been withdrawn.

However, The Daily Record claim (15 March) the US-based businesswoman is still keen to hold future discussions.

“Fox insisted she remains open to future talks,” they wrote.

“Previous chairman Dave King is also open to selling his 14 per cent share after an attempt to allow a fans group to purchase his shares failed.”

Dragged on

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Fox’s proposed takeover at Ibrox has dragged on for far too long, so it’s good to have some clarity over the situation. It’s a shame, but at least the board now know where they stand. Further investment would certainly be welcomed in the future and it’s something the decision-makers should contemplate for the good of the club.

Rangers are judged against their Glasgow rivals and, at present, Celtic are in a far healthier position off the pitch compared to the Light Blues. Clever transfer business, smart commercial work, or investment from elsewhere is required in order for the gap to The Hoops to be bridged.

After the news of Fox’s withdrawal, all eyes will now be on Douglas Park and his future plans for the club. This summer promises to be one the biggest in recent memory. Celtic are closing in on Rangers’ trophy haul and drastic action is required to get back to winning silverware consistently.

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