Cricket tycoon Lalit Modi eyes Rangers stake
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LALIT Modi, the man who masterminded the rise of cricket’s Indian Premier League is keen on buying a stake in Rangers.
Modi is reportedly eyeing a 26 per cent shareholding in the club, and his representatives had made contact with Sandy Easdale.
A statement from Modi read: “Glasgow Rangers FC is an institution in itself given the history and lineage of the club.
“I am looking at acquiring a stake in this Scottish institution, as I think the club is seriously undervalued.
“The Glasgow Rangers have a fabulous fan base, a solid home and heritage that dates back over 100 years all of which make for great long term value.
“I have thus initiated talks with a couple of shareholders to understand the situation onground and am keen that these discussions lead to fruition.
“Having said that these discussions are still at a very preliminary stage.”
Earlier, Modi had tweeted: “Great club - solid fan base - great potential.”
He was slapped with a life ban from the Indian Cricket Board of Control after they found him guilty of misconduct and indiscipline.
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