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SBD Global/June 16, 2014/Franchises

Former Scottish League 1 Rangers CEO Charles Green Considering Fresh Takeover Bid

Former Scottish League 1 Rangers CEO Charles Green is "seeking financial support to launch a new bid for control of the Ibrox club," according to the BBC. Green led a consortium which bought Rangers' assets in May '12 and then raised £22M from a "share issue, but resigned from his post last year." He "returned for a short-lived spell as a consultant before selling his shareholding in the club." However, he has "spent the last week in talks with potential investors." Rangers plan to launch a "new share issue" in a bid to raise in the region of £8M ($13.6M) and if Green is "to be successful he would need to convince existing shareholders to sell to a new consortium" (BBC, 6/15).
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