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Rangers teetering on the edge once again
The Ibrox club have few options left after rejecting a US takeover bid, writes Andrew Muirhead

With yesterday’s news that the Rangers board had rejected US businessman Andrew Sarver’s offer to buy a majority stake in the club, it looks as though a deal must be done between one of the three factions or the Ibrox club could be on the brink of administration.

Sarver, who owns NBA side Phoenix Suns, had offered £20 million to buy a majority stake plus a £6.5m immediate loan on January 8 to help alleviate the financial black hole that Rangers find themselves in. But that offer was rejected by the Rangers board in a statement to the London Stock Exchange yesterday morning.

The board stated that neither Sarver’s first proposal nor a revised one would get the needed 75 per cent majority at a shareholders’ meeting.

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