A Manx-based company which has bought just under five per cent of troubled Scottish football club Rangers says it won’t be involved in the club’s day-to-day management.
Laxey Partners Limited bought two million shares in Rangers International Football Club plc on Monday in a deal worth around £840,000.
It bought some shares in newco Rangers last October – this week’s purchase sees its stake in the Ibrox side rise to 4.99 per cent.
"He enjoyed hearing the Manx national anthem!": King greets guests at Government House
His Majesty meets representatives of the Manx community at Garden Party
Crowds gathered in glorious sunshine to see the Monarch
Live blog: King Charles visits the Isle of Man
Updates from the Lord of Mann's first visit to the Island since ascending to the throne
King speaks of Island's 'enduring partnership' with the crown
King Charles III spoke in Tynwald this lunchtime
