Rangers weighing up stock-market listing


GLASGOW, Scotland (AP) -Rangers is weighing up a return to the stock market in a bid to raise funds following their demotion to the lowest professional league in Scottish football.

The 54-time Scottish champion, which was relegated to Scotland's fourth tier as punishment for building up tax debts exceeding $30 million, said Friday they have appointed London-based Cenkos Securities "to assist with plans to raise additional capital for the club."

Rangers chief executive Charles Green, who purchased the club's assets in June and established a new company, says the Glasgow team "would explore all avenues" to raise money, "which may or may not include a stock market listing."

The club is third in the 10-team standings in the fourth tier after four games, having won two and drawn two matches.

Copyright 2016 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.

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