Ellis makes takeover admission

24 May 2010 13:19

Andrew Ellis claims he will walk away from his proposed takeover of Rangers if he feels it is in the club's best interests.

London-based property developer Ellis insists he remains very much interested in a possible £33million buyout of the Ibrox giants but would step aside if a rival bidder was better placed to take them forward.

"If there are other people who want to take over Rangers then I won't stand in their way," he told Scotland on Sunday.

"The most important thing is what is best for Rangers.

"If I feel that somebody else has more to offer then I'll act on that. This is not about individuals, it's about the future of a great football club."

There are no known bidders other than Ellis for Sir David Murray's majority stake, while it has been almost three months since the former's interest became public knowledge.

His delay in making a formal offer has attracted criticism, most notably from club chairman Alastair Johnston.

But Ellis will not be rushed, saying: "There's been all sorts of quotes and mischief in the public domain and I really don't want to make any comment until the time is right.

"I'm either going to say, 'Yes, we're doing something' or 'No, we're not'. It's still early days. All I can say is that we're working hard on what we're trying to do. If it works, great. If it doesn't, that's life. But I don't want to be pulled into any more spats that have been going on.

"I'm not putting any timescale on it, because it's not fair. Different dates have been quoted and when they don't get met, people get upset, so I'm saying nothing, I'm keeping very much in the background working on what we need to do. If it comes in then fantastic. Wait and see."

Source: PA