Rangers chairman Dave King insists he won't be selling any of his shares after exclusively revealed the identity of a new investor.
Real estate tycoon Stuart Gibson is keen to buy into the club and is ready to plough in around £20million.But the current chairman plans to push ahead with a new share issue and says he won't be making any of his shares available for Gibson to buy.Speaking to the Press Association King insisted: "I am not selling any shares."As I said at the AGM, we will raise new funds."No existing shareholders are selling."King announced at the AGM in November that he'll be stepping down as chairman but it appears he wants to hold on to the 25.58 per cent stake held by his family firm, New Oasis Asset Limited.
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