Rangers board rejects Suns owner Robert Sarver’s £18m takeover bid

• Board says offer does not ‘adequately value controlling interest’
• Sarver owns American basketball team Phoenix Suns
• Easdale’s Rangers loan highlights dire cash flow situation
• Rangers welcome share purchase from Three Bears group

The Rangers board has rejected Robert Sarver’s £18m takeover bid after claiming it does not “adequately value a controlling interest in the company”.

It emerged on Sunday night that the owner of the NBA’s Phoenix Suns wanted to buy a controlling stake in the crisis-hit Ibrox club. But the recent purchases of significant shareholdings by Dave King and the Three Bears group – the wealthy fans Douglas Park, George Letham and George Taylor – soon made any such move highly unlikely.

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