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Friday 19 September 2014

Charles Green raising €10m in an attempt to save Rangers

Published 09/08/2014 | 02:30

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Charles Green is working towards raising £10m to save Rangers. PA Wire
Charles Green is working towards raising £10m to save Rangers. PA Wire

Former Rangers chief executive Charles Green says he is working towards raising £10m to save the club he left last year.

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Green left Ibrox last April following allegations by former owner Craig Whyte that he was involved in Green's acquisition of the club in the summer of 2012.

Earlier this week the Rangers board confirmed they hoped to launch a £4m share issue as the cash-strapped club seeks fresh investment.

Chief executive Graham Wallace admitted in his controversial business review released three months ago that the Ibrox outfit may turn to existing shareholders to help meet the shortfall in their revenue stream. That came after it was revealed the club had burned through almost £70m in the 18 months since it was reformed following liquidation.

And 16 months since his departure, 61-year-old Green told the BBC: "I've got a number of people ready to invest in Rangers."

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