Statement From Brian Kennedy

I have recently had several confidential meetings with a gentleman representing the shareholders of Sevco, with regards to my interest in purchasing a majority shareholding in Rangers Football Club.

The details of these meetings and the written offer I have submitted have been disclosed from within the club.

Now that this has leaked I have I have no alternative but to confirm that what is reported in the Daily Record regarding such matters is accurate.

I have no further comment to make at this time

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