Phoenix Suns’ owner makes bid to buy Scottish side Rangers F.C.


Robert Sarver has submitted his second bid to purchase Scottish side Rangers F.C.

After having his initial offer rejected, Sarver upped his bid to over $30 million in attempt to secure ownership of the club.

[ RELATED: Scottish Premiership standings ]

Sarver, who made his millions as a banker in America, currently owns the Phoenix Suns of the NBA and the Phoenix Mercury of the WNBA. In a statement to the stock exchange, Sarver explained his proposal for the club.

This revised proposal hopefully helps the board deal with its short-term cashflow crunch and also addresses my desire to see the club on a solid long-term financial footing.

It would also enable Rangers to repay the loans from Mike Ashley and Sandy Easdale, and free it of debt.

I know that there are various groups of prominent fans who have been working hard for a long time to bring change to the club and they can rest assured that, if my proposal is accepted, I am committed to building a strong partnership with fans and key stakeholders to do what is best for the club.”

Rangers are one of the most historic clubs in the world, winning the Scottish league a record 54- times and a European Cup title in 1972. However, the club has been facing an uphill battle due to financial troubles over the past few years.

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The club was liquidated after the 2011-12 season, and despite finishing second in Scotland’s top division, were forced to move down into the fourth tier after gaining a new corporate identity.

Rangers won back-to-back promotions, and are currently in second place in the Scottish Championship, the second tier of Scottish football. Sarver is clearly making an investment in a side that he believes will return to the Scottish Premiership and regain the glory of the old times.