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.
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It says it's not a 'competitive tender process' at this stage