The mooted takeover of Rangers Football Club is entering critical stages now with Lloyds Banking Group denying that they want an exit fee to complete the deal. The Scottish giants are currently owned by Sir David Murray but are on the verge of being purchased by businessman Craig Whyte for around £33million.
The potential deal has been in the pipelines since November but has never been finalised and now fans want answers after Lloyds denied they were behind the deal stalling.
A spokesman for Lloyds said yesterday that this simply wasn't the case and were committed to getting the club in a better financial position.
"I can categorically deny the existence of any exit or 'redemption' fee. Any potential takeover is a matter for Rangers FC and its shareholders. Suggestions Lloyds Banking Group is blocking a deal to acquire the club are baseless and without foundation," said the spokesman.
"Lloyds Banking Group recognises the importance of Rangers FC to its supporters, shareholders and to the wider football industry in Scotland.
"We're committed to supporting the board of Rangers FC in their plan to ensure the financial stability of the club."
But Ranger Supporters' Trust chairman Stephen Smith believes that Lloyd are asking for an exit fee which is causing confusion among the club's supporters.
"Talk is cheap, it's action we want to see," he told SunSport.
"We believe Lloyds have hampered the club and there is still major concern they are accountable to no one.
"As Rangers fans and taxpayers we are surely entitled to know what's going on. Anything else is not acceptable in the 21st century."