Rangers is weighing up a return to the stock market in a bid to raise funds following their demotion to the lowest professional league in Scottish football.
The 54-time Scottish champion, which was relegated to Scotland's fourth tier as punishment for building up tax debts exceeding $30 million, said Friday they have appointed London-based Cenkos Securities ''to assist with plans to raise additional capital for the club.''
Rangers chief executive Charles Green, who purchased the club's assets in June and established a new company, says the Glasgow team ''would explore all avenues'' to raise money, ''which may or may not include a stock market listing.''
The club is third in the 10-team standings in the fourth tier after four games, having won two and drawn two matches.
