Rangers chairman not confident of finding a buyer for the club
Tue 19th Oct 2010 | Clubs Ownership
Alastair Johnston, chairman of Scottish Premier League side Rangers has admitted the club is not optimistic about finding a new owner any time soon in the current financial climate.
According to the Independent, Johnston admitted that the club was not hopefully of finding a buyer any time soon. Speaking at the club’s AGM, Johnston claimed the club was still open to offers – but only serious ones.
He said: "All the expressions of interest identified to the club during this period have proved to be frivolous or have been aborted by Murray International Holdings' announcement that it is no longer actively marketing its controlling stake in Rangers.
"Although this statement would not preclude any potential buyer pursuing a takeover, the general economic climate would temper our expectations of such an approach.
"In this context, supporters' anticipation about the benefit to the club of new ownership needs to be realistic. However, the board will be vigilant in its role of evaluating any prospective new owner.”
- SUBSCRIBE TO THE F.C. BUSINESS RSS FEED
- BECOME A FAN OF F.C. BUSINESS ON FACEBOOK
- FOLLOW OUR TWEETS ON TWITTER
- LINKED IN TO FOOTBALL INDUSTRY PROFESSIONALS
Thu 23rd Mar 2017 | Clubs Ownership
Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...
Thu 5th Jan 2017 | Clubs Ownership
Specialist Sports Law Team at Walker Morris reinforces its national reputation for football club acquisitions/sales with the latest sale of Leeds United FC. Specialist sports lawyers at Walker Morris...
Wed 4th Jan 2017 | Clubs Ownership
Aser Group Holding has completed its investment in Leeds United Football Club today. Leeds United Football Club has confirmed Aser Group Holding, through its acquisition vehicle Greenfield Investment...