LONDON (Alliance News) - Rangers International Football Club PLC on Thursday said it is considering a number of potential options regarding securing its financial future, following speculation that Sports Direct International PLC founder Mike Ashley is set to provide the club with a GBP10 million loan in return for Ibrox Stadium and the Murray Park training ground being used at security.
The BBC said Ashley is understood to have offered a GBP10 million loan to the club, but is seeking the stadium and the training ground as security. Rangers released a statement last year saying it would never use the stadium as security for a financing plan.
The so-called Three Bears consortium, led by Douglas Park, is understood to have offered a counterproposal of around half that amount, but the Rangers board is thought to believe this would not be sufficient to secure the club's future.
Rangers shares were down 3.1% to 23.75 pence on Thursday afternoon.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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