Duffy not interested in board role

Graham Duffy insists he has "no interest" in becoming chairman of Rangers, despite attempting to complete a supporter-led takeover of the club.

Florida-based Glaswegian businessman Duffy, 42, has been in talks with a "handful" of other potential investors over the possibility of buying out majority shareholder Sir David Murray.

"Once the proposal gets to the stage of acceptance and proceeds, my role is over," Duffy told the Herald.

"At that time there would be no need for any further assistance from me, the job will have been done.

"Although it would be a privilege, I have no interest in being on the board of Rangers. I would be doing the position an injustice as I would not be able to fulfil the obligations due to my other business interests and commitments."

As well as underwriting the club's £31million debt, any consortium would establish a scheme which aims to recruit 45,000 supporters as members.

Each fan would pay £1,000 as a one-off joining fee, raising £45million, and an annual membership fee of between £50- £200. Several successful European clubs - including Barcelona, Porto and Hamburg - are already run in this way.

Duffy accepts some fans may not be able to afford the one-off payment of £1,000.

He said: "We respect the fact that not everyone has cash in the bank, especially in this current climate.

"This is something again that has to be considered and we have proposed offering a finance package that can be paid in instalments, making it more affordable and available to as many supporters who sincerely wish to become an owner of the club."