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Rangers confirm loan of £1.5m almost agreed

Rangers are poised to secure a potential £1.5million loan from two of their investors, the club have announced to the Stock Exchange. Reports on Thursday morning claimed the cash-strapped Ibrox outfit were in talks with Sandy and James Easdale as well as Laxey Partners about an investment deal.

The "crisis loan," would help bridge a funding shortfall expected to cripple the club before season-ticket renewals start arriving at the end of the season.

In a statement, the club said: "The Board of Rangers notes the press articles (on Thursday) morning and confirms that it is holding discussions with two major shareholders with a view to arranging a loan of up to £1.5million to provide working capital for the Company.

"Documentation and terms have not been finalised, and a further announcement will be made when appropriate."

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Dave Williams

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