
Watch as Paraag Marathe and Rangers US consortium walk around Ibrox
It's understood they will seal their multi-million pound takeover by the end of May at the latest.
Former chairmen Dave King and John Bennett are among those selling shares to make way for the Americans.
Also seen in the video is club chief executive Patrick Stewart, who will remain in place once the incoming group arrives and newly hired communications chief Greig Mailer.
The video was posted on social media channel X, formerly Twitter by journalist Raman Bhardwaj.
You can watch the video in the player below courtesy of STV.

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NBC News
an hour ago
- NBC News
Who benefits from Republicans' 'big beautiful' bill depends largely on income. Children are no exception
House reconciliation legislation, also known as the One, Big, Beautiful Bill, includes changes aimed at helping to boost family's finances. Those proposals — including $1,000 investment 'Trump Accounts' for newborns and an enhanced maximum $2,500 child tax credit — would help support eligible parents. Proposed tax cuts in the bill may also provide up to $13,300 more in take-home pay for the average family with two children, House Republicans estimate. 'What we're trying to do is help hardworking Americans who are trying to provide for their families and make ends meet,' House Speaker Mike Johnson, R-La., said during a June 8 interview with ABC News' 'This Week.' Yet the proposed changes, which emphasize work requirements, may reduce aid for children in low-income families when it comes to certain tax credits, health coverage and food assistance. Households in the lowest decile of the income distribution would lose about $1,600 per year, or about 3.9% of their income, from 2026 through 2034, according to a June 12 letter from the Congressional Budget Office. That loss is mainly due to 'reductions in in-kind transfers,' it notes — particularly Medicaid and the Supplemental Nutrition Assistance Program, or SNAP, formerly known as food stamps. 20 million children won't get full $2,500 child tax credit House Republicans have proposed increasing the maximum child tax credit to $2,500 per child, up from $2,000, a change that would go into effect starting with tax year 2025 and expire after 2028. The change would increase the number of low-income children who are locked out of the child tax credit because their parents' income is too low, according to Adam Ruben, director of advocacy organization Economic Security Project Action. The tax credit is not refundable, meaning filers can't claim it if they don't have a tax obligation. Today, there are 17 million children who either receive no credit or a partial credit because their family's income is too low, Ruben said. Under the House Republicans' plan, that would increase by 3 million children. Consequently, 20 million children would be left out of the full child tax credit because their families earn too little, he said. 'It is raising the credit for wealthier families while excluding those vulnerable families from the credit,' Ruben said. 'And that's not a pro-family policy.' A single parent with two children would have to earn at least $40,000 per year to access the full child tax credit under the Republicans' plan, he said. For families earning the minimum wage, it may be difficult to meet that threshold, according to Ruben. In contrast, an enhanced child tax credit put in place under President Joe Biden made it fully refundable, which means very low-income families were eligible for the maximum benefit, according to Elaine Maag, senior fellow at the Urban-Brookings Tax Policy Center. In 2021, the maximum child tax credit was $3,600 for children under six and $3,000 for children ages 6 to 17. That enhanced credit cut child poverty in half, Maag said. However, immediately following the expiration, child poverty increased, she said. The current House proposal would also make about 4.5 million children who are citizens ineligible for the child tax credit because they have at least one undocumented parent who files taxes with an individual tax identification number, Ruben said. Those children are currently eligible for the child tax credit based on 2017 tax legislation but would be excluded based on the new proposal, he said. New red tape for a low-income tax credit House Republicans also want to change the earned income tax credit, or EITC, which targets low- to middle-income individuals and families, to require precertification to qualify. When a similar requirement was tried about 20 years ago, it resulted in some eligible families not getting the benefit, Maag said. The new prospective administrative barrier may have the same result, she said. More than 2 million children's food assistance at risk House Republican lawmakers' plan includes almost $300 billion in proposed cuts to the Supplemental Nutrition Assistance Program, or SNAP, through 2034. SNAP currently helps more than 42 million people in low-income families afford groceries, according to Katie Bergh, senior policy analyst at the Center on Budget and Policy Priorities. Children represent roughly 40% of SNAP participants, she said. More than 7 million people may see their food assistance either substantially reduced or ended entirely due to the proposed cuts in the House reconciliation bill, estimates CBPP. Notably, that total includes more than 2 million children. 'We're talking about the deepest cut to food assistance ever, potentially, if this bill becomes law,' Bergh said. Under the House proposal, work requirements would apply to households with children for the first time, Bergh said. Parents with children over the age of 6 would be subject to those rules, which limit people to receiving food assistance for just three months in a three-year period unless they work a minimum 20 hours per week. Additionally, the House plan calls for states to fund 5% to 25% of SNAP food benefits — a departure from the 100% federal funding for those benefits for the first time in the program's history, Bergh said. States, which already pay to help administer SNAP, may face tough choices in the face of those higher costs. That may include cutting food assistance or other state benefits or even doing away with SNAP altogether, Bergh said. While the bill does not directly propose cuts to school meal programs, it does put children's eligibility for them at risk, according to Bergh. Children who are eligible for SNAP typically automatically qualify for free or reduced school meals. If a family loses SNAP benefits, their children may also miss out on those benefits, Bergh said. Health coverage losses would adversely impact families Families with children may face higher health care costs and reduced access to health care depending on how states react to federal spending cuts proposed by House Republicans, according to the Center on Budget and Policy Priorities. The House Republican bill seeks to slash approximately $1 trillion in spending from Medicaid, the Children's Health Insurance Program and Affordable Care Act marketplaces. Medicaid work requirements may make low-income individuals vulnerable to losing health coverage if they are part of the expansion group and are unable to document they meet the requirements or qualify for an exemption, according to CBPP. Parents and pregnant women, who are on the list of exemptions, could be susceptible to losing coverage without proper documentation, according to the non-partisan research and policy institute. Eligible children may face barriers to access Medicaid and CHIP coverage if the legislation blocks a rule that simplifies enrollment in those programs, according to CBPP. In addition, an estimated 4.2 million individuals may be uninsured in 2034 if enhanced premium tax credits that help individuals and families afford health insurance are not extended, according to CBO estimates. Meanwhile, those who are covered by marketplace plans would have to pay higher premiums, according to CBPP. Without the premium tax credits, a family of four with $65,000 in income would pay $2,400 more per year for marketplace coverage.

Finextra
5 hours ago
- Finextra
Retailers Accepting Crypto Payments – With Instant Settlement in Cash: By Shane Rodgers
Cryptocurrency payments are gaining interest in the retail world, from luxury watches to fast food. As consumers express interest in paying with digital assets, businesses see a means of gaining a larger customer base. With a new generation of crypto payment solutions now available, businesses can accept crypto seamlessly, converting it instantly to their local currency. The merchants never touch the crypto, so there is no need to worry about crypto volatility, wallets to manage, or compliance headaches. A Shift in Retail Payments Consumer desire to use crypto at checkout is growing fast. The numbers back it up: 65 million Americans now own crypto, and according to Capital One, 80% would like to use it for everyday purchases. These consumers may be shopping for luxury items, but they also want to pay for groceries, plane tickets, and even fast food with digital currency. What's more, crypto users typically spend twice as much as those using traditional cards. Retailers are responding. In the United States alone, over 6,000 merchants already accept Bitcoin payments, and a Deloitte survey reveals that 85% of retailers see crypto as a tool to engage new audiences. Early Adoption Across Sectors The pay by crypto option isn't just theoretical — businesses are already seeing the impact. PDX Beam has been piloting its payment gateway with dozens of merchants across diverse industries, from diamond sellers to luxury car dealerships. By offering crypto-based payment these businesses are accessing a new demographic of spenders. One international fast-food chain is launching a crypto payment pilot in ten Miami-Dade locations, part of its expansive U.S. presence of 6,800 outlets. These tests could soon bring crypto payments to the mainstream of fast-food transactions. Beyond individual retailers, major retail payment players behind the scenes are getting involved. A $7.5 billion financial institution has signed a deal to process crypto payments, while a private equity group is using PDX Beam to enable crypto transactions for its portfolio of retailers. Eliminating Crypto Exposure for Merchants For most merchants, the biggest worry is dealing with crypto's price swings and the operational headaches of managing digital assets. PDX Beam's modern crypto-to-cash gateway eliminates that concern entirely. When a customer pays in crypto, the system instantly converts it to local currency and deposits the funds directly into the merchant's account — usually within seconds. Retailers don't touch the crypto themselves, meaning there's no exposure to volatility and no need to maintain separate crypto accounts. Plus, because these payments settle on blockchain rails, they help reduce the risk of chargeback fraud, offering merchants an extra layer of security. Lower Fees and Instant Settlement Another major benefit is the fees associated with crypto payments. While traditional card payments come with fees that can reach 3-4% for standard transactions and up to 7% in high-risk sectors (including cannabis stores), crypto payments bypass these intermediaries, lowering transaction costs to less than half Visa/MC charges. Settlement speeds are another major advantage. Credit card transactions can take days to clear, but crypto payments through these new gateways settle in real time or the same day — helping retailers improve cash flow. Positioning for the Future The shift toward crypto payments isn't slowing down. Big banks like JP Morgan and Goldman Sachs are launching crypto products, and the U.S. government is laying the groundwork for regulations that will support the growing digital asset economy. Worldpay forecasts that crypto spending worldwide will more than double by 2030, from $16 billion to $38 billion. For retailers, the takeaway is clear: crypto payments aren't a passing trend. Consumers want to use it, and with modern gateways eliminating risk and complexity, merchants can meet this demand safely and efficiently. By enabling crypto transactions without ever directly handling digital assets, retailers can meet the needs of this new generation of shoppers who are living increasingly digital-first lives.


Evening Standard
7 hours ago
- Evening Standard
Chelsea FC vs LAFC: Prediction, kick-off time, team news, TV, live stream, h2h results, odds
It depends on whether Maresca will take the tournament seriously, but if he does, the Premier League side should have far too much for the spirited Americans, even if they are playing in their home country.