Rangers talks 'advanced'

RFC, a consortium led by former Northampton chairman Andrew Ellis, have announced they are in "advanced negotiations" to buy a controlling interest in Rangers.

There has been plenty of speculation that a deal with Gers owner Sir David Murray is imminent, with reports indicating it is being part-funded by investment from Dubai and Qatar.

RFC's message stated that no firm timeline is in place to conclude their negotiations with Murray but, should terms be agreed between the parties, the consortium will be obliged by law to make an offer on the remaining share capital of the Glasgow club.

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The statement read: "The company confirms that it is in advanced negotiations with Sir David Murray to acquire a controlling interest in Rangers Football Club Plc, however no price has been agreed and no timing has been established for the conclusion of the talks."