Those of us who always read newspapers from the back, often skipping the finance section, reserve the right to remain baffled by the mathematics, economics and high-stakes gambling involved. A £33million takeover bid for Rangers dismissed as not nearly enough? Sorry, but we must be missing something awfully clever in the small print of Tuesday’s announcement to the Stock Exchange. Assuming we’re not getting the Ibrox club confused with some *other* Rangers, perhaps the famous New York ice hockey franchise worth somewhere north of a billion US Dollars, the logic employed by the board – not for the first time – seems grounded in truly Orwellian doublethink.
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Rangers board reject Sarver's attempt to takeover at Ibrox
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Club running risk of financial ruin if no suitable solution is found
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Dave King bought 14.5 per cent share in club earlier this month
@placeholder failed in his bid to buy a controlling stake of the Ibrox club