Associated Press Sports
updated 3:33 p.m. ET Sept. 7, 2012
GLASGOW, Scotland (AP) -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.
? 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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