“There has been renewed speculation and media comment recently regarding the current shareholders in The Rangers Football Club.
“A full list of current shareholders will be published in the share prospectus which will be issued within the next few weeks.
“A lot of attention has focused on investment funds which have taken a shareholding in the Club to date.
"For example, I would like to clarify that in the case of Blue Pitch Holdings, the legal beneficiary is Mazen Houssami and not Arif Naqvi of Abraaj Capital.
"Mr Naqvi is a personal friend of mine and I approached him early on in the process about a shareholding but he has not proceeded on the basis that the investment fell outside the core geography he invests in.”