Kieran Maguire: Rangers braced for £75m-plus bid amid 'intriguing' boardroom latest
Rangers shareholders are likely to be “intrigued” by Kyle Fox’s efforts to buy a significant slice of the club.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the likelihood of a partial takeover by the American investor.
Fox pledged to invest £75million into Rangers over five years as part of a recent bid to buy 25 per cent of the club and become its largest individual shareholder.
That offer was rejected and the Glasgow giants launched legal proceedings against the businesswoman for unauthorised use of their badge on a letterhead.
But as relayed by The Herald last Sunday (11 September), former Rangers chairman Paul Murray insists that shareholders are still interested in the businesswomen’s bid.
Maguire argues that a bigger cash offer could prove tempting for club grandees.
Click below for exclusive transfer news
“When it comes to shares, while price isn’t everything, it is nearly everything,” he told Football Insider’s Adam Williams.
“The Rangers shareholder base is quite diverse. The offer is intriguing for some. More money always equals more interest, but it can also equal more problems.
“As far as Rangers shareholders are concerned, they see that the club has made significant strides forwards in recent years. They have tried to steer the club from a recovery to a growth phase.
“They don’t necessarily want to hand that away for someone else to reap the benefits unless they are rewarded significantly in the process.”