The owner of the Phoenix Suns basketball side, Robert Sarver, has increased his take-over bid for Rangers Football Club to £20million ($30million, 25million euros) and offered the troubled club a £6.5m ($9.8million, 8.3million euros) emergency loan to help keep it in business. The US businessman had an £18m offer ($27.5 million, 23 million euros) rejected on Tuesday despite the Ibrox board facing a cash crisis that threatened the club's very existence.
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