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Rangers unappealing to buyers

Rangers were last night taken off the market as fans expressed fears that the club is simply not an attractive enough prospect for potential buyers.

Owner Sir David Murray confirmed the Scottish champions are no longer for sale, eight months after Murray International Holdings revealed it was considering options regarding their controlling shareholding.

The news comes as a surprise to those who thought a takeover was imminent after a consortium fronted by London-based property developer Andrew Ellis last week announced to the stock exchange that they were in “advanced negotiations” to buy a controlling interest.

The Rangers Supporters Trust believe a buy-out failed to materialise because Rangers is simply not regarded as a lucrative enough business proposition.

RST spokesman David Edgar said: “I think that this is a reflection on Scottish football. Sadly, it's just not a very attractive pitch to investors any more. There is no money, really, to be made from Rangers and there is no money to be made from Scottish football.”

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