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The National (Scotland)
The National (Scotland)
Sport
Christopher Jack

Rangers withdraw from American court case as Ibrox board bid for damages ends

Rangers Ibrox Kyle Fox Robert Bruce

RANGERS have withdrawn their legal action against an American businesswoman who was seeking to strike a multi-million-pound share purchase and investment deal.

The Ibrox board instigated proceedings against Kyle Fox and KRF Capital amid claims that she was attempting to ‘trick’ investors into thinking that stakes in RIFC plc were for sale with the blessing of the top table that is headed by chairman Douglas Park.

But documents filed in Florida on Thursday, which have been seen by Herald and Times Sport, confirm that Rangers will not pursue their case any further just two months after initiating proceedings Stateside. It is understood that no damages or costs have been awarded to Ms Fox or KRF Capital.

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