Rangers are reportedly in line for a takeover bid from a consortium led by Andrew Ellis.
The RFC consortium is understood to be in “advanced negotiationsâ€, according to the reports, and is ready to buy a controlling interest in the club.
Rangers owner Sir David Murray has been in negotiations with the potential buyers, with the deal being part-funded by investment from Dubai and Qatar.
An RFC statement read; “RFC, which is controlled by Andrew Ellis, notes today’s press reports regarding discussions between the company and Sir David Murray.
“The company confirms that it is in advanced negotiations with Sir David Murray to acquire a controlling interest in Rangers Football Club Plc, however no price has been agreed and no timing has been established for the conclusion of the talks.
“If a deal is concluded between Sir David Murray and RFC, the company would be required under Rule 9 of the City Code on Takeovers and Mergers immediately to make an offer for the remaining issued share capital of Rangers.
“It is emphasised that this announcement does not amount to a firm intention to make an offer and there is no certainty that any offer will be forthcoming or as to the terms of such an offer.”
