Source: Team_Talk
Ellis has high hopes for Gers takeover
Andrew Ellis is "optimistic" his proposed takeover of SPL champions Rangers will move closer to completion later this month.[LNB] The Ibrox club last week secured their second successive SPL title, overcoming once again their perilous financial situation.[LNB]Rangers are just under £30million in debt and are under investigation by HM Revenue and Customs over a tax issue.[LNB]Moreover, manager Walter Smith has been unable to buy a new player for nearly two years and he and his assistants, Ally McCoist and Kenny McDowall, have been working without a contract since January.[LNB]Ahead of the final Old Firm derby of the season at Parkhead tomorrow night, property developer Ellis claimed that if his reported takeover bid of £33million goes through, he will offer Smith a new contract and also offer the role of life president to the club's owner Sir David Murray.[LNB]"The bid includes all the club's debt and I'm optimistic there will be serious developments in the next three to four weeks," Ellis told Sky Sports News.[LNB]"Should I gain control of the club I intend to offer Walter a new contract as his experience and knowledge is invaluable both to me and the club.[LNB]"It is only fitting that former chairman Sir David Murray should be offered the role of life president as what he has done for the club can never be forgotten."
