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SBD Global/May 10, 2013/Franchises

Scottish Businessmen Look To Increase Stake In Rangers, Earn Place On Board

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Scottish businessmen Sandy and James Easdale "are aiming to increase their shareholding" in Scottish Third Division Rangers and "hope to earn a place on the board as a result," according to Chris McLaughlin of the BBC. The brothers, who run Greenock, Scotland-based McGill's Bus company, are in line to buy former Rangers CEO Charles Green's shares, "giving them about 14% at Ibrox." James Easdale said, "When you spend that amount of money on any business you wouldn't go without a voice. A presence on the board is something we would be seeking in the mid-term." The pair, who are "lifelong Rangers fans," were approached by Green towards the end of last year about investing. They acquired about 6% of the shares at the time. Now, with Green ousted and with the Yorkshireman announcing on his departure that he would be selling to the Easdale family, the brothers "are looking to further extend their shareholding" (BBC, 5/9).
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