Gers set for cash injection

Glasgow-born businessman Alistair Donald is set to plough more than £10m (€14.5m) into Rangers to boost Alex McLeish’s transfer kitty.

The lifelong Rangers fan – who has an estimated fortune of £70million – has been holding talks with chairman David Murray for several weeks regarding the investment.

Murray will reveal the finer details of the share issue aimed at easing the club’s £74m (€101.5m) debt at Thursday’s AGM – leaving the majority of Donald’s cash injection for new players.

Donald told the Daily Record: “I have been speaking to David Murray for some time with a view to making an investment which will be north of £10m (€14.5m).

“David will be attacking the debt and wiping it out very soon so I expect a large proportion of the money I am pledging will go to the manager.

“I feel with the proper resources Alex McLeish can take Rangers even further in the Premier League and in Europe.”

Donald made his fortune with internet companies in Europe and America in the 1990s and, now that he plans semi-retirement when he turns 50 next week, he is keen to buy an interest in the club he has supported all his life.

Murray confirmed that talks have been ongoing over recent weeks.

He said: “We have been having amicable discussions over a period of weeks now and I look forward to a profitable outcome in due course.

“We’re determined to get the club back on a strong financial footing and help the manager and the team further their ambitions at home and abroad.”