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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.”

 

 

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

 

 

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