Green Nears Rangers Takeover

By Inverness Reds News Staff
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Updated: May 11, 2012

The group in pole position to buy Rangers is fronted by former Sheffield United chief executive Charles Green.

His group joined the race to rescue the crisis-hit club last week when previous favourite Bill Miller withdrew his bid.

Little is known about the rest of Green’s consortium but it is understood there are links to Singapore.

During Green’s stint at Bramall Lane the Blades were listed on the stock exchange in 1997, but results on and off the field were disappointing.

He quit a year after the flotation and re-emerged in football shortly after as chairman of the football agency Proactive Sports. The Cheshire-based firm had a number of leading stars on its books, including Andrew Cole, Stan Collymore and Wayne Rooney.

But Green left Proactive in 2003 and has since held a number of directorships at medical science firms. He is currently a non-executive chairman of the Singapore-based Nova Resources Ltd.

There are currently four parties with bids on the table for Rangers, who have been in administration since February 14, and a decision on which bid will be accepted is expected on Saturday.

Singaporean businessman Bill Ng had previously bid for Rangers and was understood to have re-entered the race after American Miller dropped out of the race.

However, it is not known whether Green and Ng are part of the same consortium.

Brian Kennedy, who joined Paul Murray’s Blue Knights to bid, told BBC Scotland their latest offer to buy the club had failed.