Douglas Park told to sell Rangers as BBC News share Ibrox takeover update – pundit
We’re delighted to welcome Tam McManus as our exclusive Rangers columnist as each week he’ll be giving his views on the biggest talking points at Ibrox…
Douglas Park has been told to sell Rangers in order for the club to reach the next level with “fresh investment” needed at Ibrox.
Tam McManus believes it was a setback for Gers fans after it was confirmed that US businesswoman Kyle Fox backed out of her bid to buy into the Scottish Premiership side.
BBC News reported on 15 March that Fox has withdrawn her offer to buy a “controlling stake” of the Ibrox giants after nine months of failed negotiations.
It is understood that Rangers’ chairman Park failed to show any intention that he would sell his stake but McManus believes it’s high time for the Scottish businessman to cash in and leave Ibrox.
Speaking to Ibrox News, McManus said: “It is a blow because I think she was the one who was going to come in with the deeper pockets.
“Rangers need somebody to come in to put fresh capital and fresh investment into the club.
“They’re a long way behind Celtic at the minute, on the pitch and financially.
“It’s going to take a lot of money for Rangers to catch Celtic because there’s a real possibility they’ll win the treble this season.
“I don’t think Douglas Park and the current board are going to put in massive money, they’ve already done that to get Rangers back to where they are now and into a European final.
“I think the time is right for Douglas to sell the club and get the new capital in.
“It’s a blow for the fans [that Fox has backed out] because she’s been the one spoken about for the last few months and she’s worth a few quid.”
Rangers fans have become increasingly angry with the board in recent weeks with Ross Wilson and Stewart Robertson the targets of the bulk of criticism.
In other Rangers news, this Ibrox coach is being tipped to leave Govan for a “big club in England” as managerial speculation emerges south of the border.