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Rangers 'wanted' in £150m takeover as American investors 'consider bid' for Ibrox club

An American business consortium are set to launch a £150million takeover bid of Rangers, according to a report.

US businesswoman Kyle Fox withdrew her investment plans last year when Ibrox shareholders gave her the short shrift. She claimed that certain conditions attached to her interest weren’t met with shareholders reluctant to sell. Now a report by business outlet City AM say Fox, who had been seeking to buy 75 per cent of the Light Blues, has not returned to the negotiating table but that “other US investors are understood to be considering making bids for a minority stake,” adding that they value the club at around £150m.

South Africa-based former chairman Dave King (14 per cent) - said to be “viewed as willing seller” and his successor Douglas Park (12 per cent) are the club’s biggest shareholders with 14 per cent and 12 per cent of the club respectively. Eight other groups hold stakes of less than 10 per cent, including fans’ group Club 1872, which owns 4.96 per cent.

In July, businessman Scott Galloway revealed that he scrapped plans to make an approach to takeover Rangers because he didn't want to become “the most hated person in the UK”. Back in 2021, rumours began to swirl online that the entrepreneur was keen on making a move to takeover the Scottish Premiership while Douglas Park was at the helm of the Glasgow giants - but a move didn't materialise for the American to takeover the helm at Ibrox.

And Galloway - who made his money founded and selling several tech firms and also served on the board of directors of companies such as the New York Times and Urban Outfitters - claims he rounded up a 14-man consortium to takeover Rangers. However, the plan came to an abrupt halt after speaking to a close ally.

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Read more on dailyrecord.co.uk