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Consortium backers in Rangers deal named

Former Sheffield United chief executive Charles Green who is heading the consortium trying to buy the Glasgow club had been coy over his financial backers but he revealed on Friday that Indonesian businessman Jude Allen and Middle Eastern lawyer Mazen Houssami are involved in the bid, along with a Singapore family trust.

Green consortium is growing daily with 20 individuals and families have pledged support to help buy the ailing Scottish giants.

"I can now provide two names - as I have clearance to do so on their part - of investors who are on the list," Green told Rangers TV.

Green's consortium have offered up £8.5m to pay administrators Duff and Phelps' fees and secured creditors first, before using whatever is left to fund a company voluntary agreement.

As one substantial unsecured creditor is the taxman the club may not receive 75 per cent support of creditors.

"I have to balance which of the investors are going to be best for this football club," Green added.

"I can assure fans that it is very easy to raise money, even in this financial market we are in, for an institution like Rangers.

SE

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