Bus owner increases Ibrox stake

RANGERS director Sandy Easdale has taken control of more than a quarter of the club's shares after increasing his stake by almost 5%.

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The McGill's Buses owner is the second ­investor to buy shares in the club in recent days.

Accountant and pension fund manager ­David Somers has bought his first stake in Rangers, six months after becoming the club's non-executive chairman.

Mr Easdale bought a further 57,043 ordinary shares at a cost of 23p a share on May 1.

He now owns three million shares in the new Rangers PLC, and holds voting rights over a further 14million shares, representing 22% of the company.

He is thought to have paid around £13,000 for the shares, which means he remains the single biggest shareholder, with control over 26% of the club.

Finance

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