Charles Green outlined his vision of Rangers as a profit-making exercise able to exploit its name across the globe after succeeding in securing the club for his broad ownership group.
The former Sheffield United chief executive has signed an “irrevocable” contract with administrators and majority shareholder Craig Whyte after several weeks of negotiations and due diligence completed largely under the radar.
Aged 59, Green is aiming to take Rangers out of administration through a Company Voluntary Arrangement (CVA) by early July with his group pledging £8.5million for creditors.
If the CVA is rejected, the group will push through a newco option but Green claimed he wanted to “retain and preserve the history”.
The South Yorkshireman, who left Sheffield United before the turn of the century, said: “There are 20 individuals and families who have pledged support, evidenced by cash in a bank account that the administrators have seen sight of. The money is ring-fenced exclusively for the purchase of Rangers Football Club.
“There are some investors from the UK, the Middle East, Asia and the Far East. The reason I selected some of these people is because they have fantastic connections. My vision for Rangers is to develop the brand in those areas - Asia, Indonesia, Hong Kong, China, the demand for football is insatiable.”
Rangers’ debts could reach £135million but Green insists it is possible to turn the business completely around.