Rangers have commenced legal action in the United States following claims that a businesswoman attempted to sell the club and entice investors without authority or ownership to do so.
The update brings meaning to a previous statement released by the parent company of the club last week, which stated:
“RIFC (Rangers International Football Club) has raised injunction proceedings in the US to prevent a US entity and its principal falsely claiming it has been authorised by Rangers to sell shares in RIFC and using Rangers IP for that purpose.”
Now, further info has emerged regarding what has happened and featured in a Scottish Sun splash late on Monday.
It has been alleged that Kyle Fox, 49, of KRF Capital claimed her company was buying the club and used official Rangers logos as part of a prospectus to lure investors to get involved, which included requests to deposit large sums.
What has transpired is that former Ibrox director Paul Murray introduced Kyle to the current board, leading to a meeting with Deputy Chairman John Bennett. Subsequently, he is said to have rejected two offers from Ms Kyle for 75% and 25% amid a counter claim that “her group would pump £75million into the club over five years.”
This story is rather strange in its full context given the level of detail and what appears to be a significant plan to mislead other entities into the belief that they were investing into Rangers.
The last few years off the pitch have been much more settled whilst far from perfect or where the club wants to be, ultimately.
It will be very interesting to witness what results from this emerging story and legal action across the Atlantic. It is truly bizarre stuff and most unwelcome from a business and reputation position so it is no surprise that Rangers has acted to defend itself.