Cricket tycoon Lalit Modi eyes Rangers stake

Lalit Modi is keen on acquiring a stake in Rangers. Picture: Getty

Lalit Modi is keen on acquiring a stake in Rangers. Picture: Getty

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LALIT Modi, the man who masterminded the rise of cricket’s Indian Premier League is keen on buying a stake in Rangers.

Modi is reportedly eyeing a 26 per cent shareholding in the club, and his representatives had made contact with Sandy Easdale.

A statement from Modi read: “Glasgow Rangers FC is an institution in itself given the history and lineage of the club.

“I am looking at acquiring a stake in this Scottish institution, as I think the club is seriously undervalued.

“The Glasgow Rangers have a fabulous fan base, a solid home and heritage that dates back over 100 years all of which make for great long term value.

“I have thus initiated talks with a couple of shareholders to understand the situation onground and am keen that these discussions lead to fruition.

Rangers EGM to take place in London on March 4

“Having said that these discussions are still at a very preliminary stage.”

Earlier, Modi had tweeted: “Great club - solid fan base - great potential.”

He was slapped with a life ban from the Indian Cricket Board of Control after they found him guilty of misconduct and indiscipline.

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