Rangers confirm takeover talks with US investors

Rangers have confirmed for the first time that they are in negotiations with American investors, including the San Francisco 49ers, about a possible takeover of the club.

Reports of interest first surfaced earlier this year but the Ibrox club said that "productive conversations" are ongoing.

In a joint statement, Rangers also added that the potential investors are looking for a controlling stake.

Neither party have mentioned a timeline for any deal to be concluded, though sources close to negotiations previously said a deal was expected to be completed between April and June.