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Lewis Macleod set to land at Bees as Rangers chase cash

By Robert Jones

Rangers are willing to sell star midfielder Lewis Macleod to English Championship side Brentford to raise vital funds.

A transfer fee of around £1m has already been agreed and the 20-year-old could travel to the Bees for a medical as soon as within the next 24 hours.

Midfielder Macleod has been one of Rangers' brightest lights during the turbulent recent seasons and has netted eight goals in all competitions for the Ibrox side this campaign.

He scored the only goals as Rangers secured 1-0 wins over Premiership sides Inverness Caledonian Thistle and St Johnstone in the League Cup.

Having broken into the Rangers first-team in the 2012-13 season, Macleod made 26 appearances that term and then 21 appearances in 2013-14, netting five goals.

Meanwhile, Rangers are understood to be edging nearer to agreeing to fresh investment from a consortium which includes Douglas Park.

Businessman Park, George Letham and current shareholder George Taylor offered the club £6.5m in return for shares and representation on the board.

Rangers directors are believed to have replied to the consortium's offer with investment options including buying into the club through a share issue or a secured loan. The board is understood to be open to negotiations regarding representation.

The group, who have already provided Rangers chairman David Somers with proof of funding, sent their offer to the club after their AGM earlier this month. In their annual accounts, Rangers revealed they need to secure £8m of new funding in January to stay afloat next year.

A new share issue is set to be launched next month and Park, Letham and Taylor want to buy the 40,739,000 shares due to be issued. As a result of a vote at the AGM, however, current shareholders will have first refusal on the new shares set to be issued.

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