A Manx-based company which has bought just under five per cent of troubled Scottish football club Rangers says it won’t be involved in the club’s day-to-day management.
Laxey Partners Limited bought two million shares in Rangers International Football Club plc on Monday in a deal worth around £840,000.
It bought some shares in newco Rangers last October – this week’s purchase sees its stake in the Ibrox side rise to 4.99 per cent.
Bus strike action continues
Drivers stage first in series of walkouts planned throughout March
Fluoride varnish programme rolled out in Island schools in bid to reduce levels of tooth decay in children
Students at Ballaugh School receive treatment from Smile of Mann team
Tynwald 'in a good place' for gender balance compared to other jurisdictions
But two of Tynwald's female members warn it could all change at the next election
Mentoring programme available for female business owners on the IOM
Santander pairing applicants with others with similar experience
Castletown Commissioners introduce new coach parking for cruise ships
Chair Tony Brown says he hopes it will make the town 'more successful'