jan 22, 1997 - It is reported that Bahamas based investor Joe Lewis invests £40m in Rangers for a 25% stake. This reducing David Murray's stake from 82% to 61%. It is ENIC (controlled by his investment firm Tavistock) who make the investment through a Bahamian company Albany Inc

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The announcement took the value of the club soaring to a reputed pounds 160m, with Rangers looking to follow Manchester United and Tottenham Hotspur on to the Stock Market before the end of the century.

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