Kyle Fox withdraws the Rangers’ offer as the offer is met with resistance

US-based Kyle Fox has revealed that it has accepted its offer to buy a controlling stake in the Ibrox club.

Negotiations have been underway for nine months, says KRF Capital Chairwoman Fox.

Her ambition to buy into the club is said to have been met with resistance from a number of major shareholders of Rangers. Douglas Park was included in this, having shown no indication of wanting to sell his share of the club.

said Mrs. Fox BBC ScotlandOur interest was based on the fulfillment of certain conditions – these conditions were not met.

“Our letter of interest included antidilution rights protection, two seats on the board of directors, access to the data room and management interviews. All of these were denied.”

Rangers has been contacted for comment.

It is believed that while Ms. Fox said she withdrew her offer completely, she remained open to talks in the future.

Read more: Alan Hutton explains Rangers transfer details ahead of the summer window

Meanwhile, Alan Hutton has detailed what he feels is a “must do” for Rangers in the summer transfer window.

The former Jerseys right-back believes Michael Bell will add some extra firepower to his squad ahead of the start of next season.

Indeed, the former Scotland international believes it is essential for his old side to strengthen their front line and add support to Antonio Colak.

Alfredo Morelos’ deal expires this summer and it looks increasingly likely that the Colombian will move to new pastures.

Glasgow times:

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