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Rangers Shareholder Blue Pitch Says It Won't Be Forced Out Of Ibrox

The Middle Eastern frontman acting for mystery Scottish Championship side Rangers shareholders Blue Pitch Holdings on Wednesday night warned Dave King his investment group "will not be forced out of Ibrox," according to Keith Jackson of the Scotland DAILY RECORD. Lebanese lawyer Mazen Houssami -- the man who helped fund Charles Green’s £5.5M takeover in '12 -- was tracked down after the club revealed "his infamous consortium had been blackballed by King’s regime for refusing to give up the identities of the men behind the money." Rangers insist Blue Pitch, which owns a 6% chunk of the club’s stock, "is one of four groups of significant investors who are refusing to co-operate with their investigations into share ownership." Houssami "broke cover from his base in Beirut to reveal he has had no contact from the Ibrox hierarchy -- and to insist Blue Pitch may attempt to buy an even bigger slice of the club in the future." He said, "I didn’t receive anything from Rangers so I don’t have a position on this. I will not have a position until they have contacted me. But, yes, of course I want to stay involved and Blue Pitch will be keeping its shares. This is not the time for us to buy more shares. Things must settle down first before anyone puts more money in" (DAILY RECORD, 7/30).

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