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Rangers bid talks


Dave King, who in conjunction with two other businessmen, is seeking to make a £16m bid for Rangers has been in talks with influential shareholder Sandy Easdale.   King needs the support of 75 per cent of shareholders and Easdale controls 26 per cent of the voting shares.    King is said to be open to a deal which would avoid dilution of the stakes of existing shareholders.

Rangers are understood to be in difficulty about meeting the wage bill for November and King would provide a secured loan.   Newcastle owner Mike Ashley, who is also in the frame, was prepared to make a £10m loan, but talks with the club broke down.

King may be close to securing his dream of taking control at Ibrox, assuming that his previous tax problems with the South African authorities do not present an insuperable obstacle to the Scottish Football Association or the regulators of the AIM market, upon which Rangers are listed.

Another looming deadline concerns the club's annual accounts.   They have been prepared for the period to 30th June, but cannot be sent to accountants Deloitte because there are doubts about how the club can be sustained as a going concern.