Motherwell to give fans say on newco Rangers proposal
Clubs will vote on any application that is presented after May 30
MOTHERWELL today said they have not decided how they would vote on the prospect of a newco Rangers.
If the issue becomes a reality and a new Rangers entity applied to join the Scottish Premier League, Well have promised to consult supporters.
The club, who launched a fan ownership scheme in January, say they cannot separate “sporting integrity” from their plans for a sustainable future.
All clubs will vote on any newco application that is presented after May 30, and Motherwell director Derek Weir is on the SPL board that has the authority to decide.
The prospective ownership consortium fronted by Charles Green plans to push for a newco Rangers – which entails forming a new company to buy the current club’s assets – if there is no agreement struck with creditors.
A Motherwell statement said: “The club continues to actively participate in the discussions being held at the SPL in relation to the current issues at Rangers Football Club.
“To date we have seen no proposals to transfer a share in the SPL to a newco and have therefore made no decision on how we would vote if such a scenario did arise.”
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