Rangers vice-chairman John Bennett has played down speculation that the club could be sold as he laid bare the vision to "never again" let the club have one single owner.
American investor Kyle Fox has made a written pledge to pump £75million of cash into the vaults over a five-year period if she is successful in acquiring a 25 per cent stake in the Scottish Premiership club, but talks have not got off the ground between the businesswoman and the Rangers higher-ups. Miss Fox had originally hoped to buy a 75 per cent holding at 25p per share, Fox decided to up her offer to 40p for a 25 per cent stake, which would make the 49-year-old the club’s major shareholder.
Bennet has now spoken on the offer for the first time, but alluded to avoiding a repeat of Craig Whyte's 2011 takeover when he took on Sir David Murray's majority shareholding in Rangers for £1 while agreeing to take on millions in debt. Under Whyte's stewardship, the Rangers business went into administration and then liquidation in 2012.
