Financier's hat in ring for Ibrox club

US basketball boss ‘makes £18 million offer for Rangers’

IbroxAn American financier has emerged as a potential player in the ownership struggle for Rangers and is in talks with the Three Bears consortium about a potential bid for the club.

Robert Sarver, 52, owner of the Arizona-based Phoenix Suns basketball team, offered £18 million just after Christmas for a controlling stake, it has been claimed today.

But since approaching WH Ireland, Rangers’ stock exchange adviser, Sarver’s hopes appear to have been thwarted by the Three Bears consortium and Dave King who have snapped up more than 30% of the club between them.

However, it is believed he would be willing to work with other shareholders, including the supporters who own some 15% of the club and is planning talks with the Three Bears group represented by Douglas Park, George Taylor and George Letham.

Sarver is chief executive of Western Alliance Bancorporation, which is listed on the New York Stock Exchange, and was apparently looking to spend an additional £15m to buy out any remaining shareholders.

Rangers have not commented.

The Three Bears group now owns just shy of 20% of the club after buying shares from the Laxey Partners hedge fund, while South Africa based businessman Dave King acquired 14.57% from Artemis and Miton.

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