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  • Mitre June 17

Rangers yet to receive takeover bid

Rangers have admitted there has been enquries into a takeover of the club but have yet to receive any concrete offers as they continue to struggle financially.

Rumours of a potential takeover have intensified since Sir David Murray resigned as chairman of the club this summer. Despite a number of financial boosts - including a windfall £5 million when Celtic were knocked out of the Champions League - the club continues to struggle financially, and has been unable to offer players new contracts. However, the club insists it will not be forced into selling players.

''For the avoidance of doubt, and due to recent media speculation, the club can confirm that while there have been tentative enquiries regarding the sale of the Club, there are none that have realised an offer,'' said the statement from the club.

''As stated by Sir David Murray, it is not necessarily about price, but the new owner having the capability to take the club forward that remains essential.''

Lloyds Banking Group issued a statement saying: "Lloyds Banking Group recognises the importance of Rangers Football Club to its supporters, shareholders and the wider football industry in Scotland. The bank continues to be very supportive of both the club and the board as they manage the business through the more difficult economic conditions currently prevailing."

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