BUS boss Sandy Easdale is reportedly seeking investment from the City as he attempts to quash a revolt at Rangers.
McGill’s buses tycoon Easdale is set to become the Ibrox club’s single largest shareholder, and is believed to have helds talks with a number of investors he is keen to have on board, in order to battle the group headed by Clyde Blowers boss Jim McColl and former Rangers director Paul Murray.
Sources told The Sun: “The City investors Sandy’s spoken to like his no-nonsense style and appreciate his track record.”
Easdale has reportedly held discussions with Colin Kingsworth, boss of investment fund Laxey Partners, who is set to control the funds votes at next month’s shareholder meeting. Kingsworth had previously backed changes in the Ibrox hierarchy, but insider claim he is mulling over the possibility of switching sides.
Last week, talks of a truce at Ibrox emerged, which would have seen Murray and troubleshooting accountant Frank Blin joining the board. But McColl’s refusal to back Rangers chief executive Craig Mather and finance chief Brian Stockbridge led to the plans collapsing.
A summit is due to take placenext month, involving the club’s 5,300-plus shareholders, who are set to vote on the makeup of the Ibrox board.