Douglas Park claims £10 million Rangers investment gap has been filled
Interim chairman Douglas Park has claimed that Rangers have already filled their £10 million investment gap.
The financial shortcoming was revealed at the club’s AGM last year, and at the time of Dave King stepping down from the top job at Ibrox in March, the eight-figure fee was still required.
But his replacement has issued a rallying cry on the matter, stating that the money has already been found, and that more could be on the way in the coming months.
As quoted by the Daily Record, he said: “The funding gap referred to has already been filled by existing investors.
“And all of the potential new investors remain fully engaged. We will be in a position to announce something in the next couple of months.”
Japan-based businessman and lifelong Gers fan Stuart Gibson was linked with a potential cash injection of around £20 million earlier this year, with a source telling the Record that his interest was “very serious”.
What can we take from Park’s comments?
It can only be good news, that much is for sure.
Whether this £10 million has been provided by Gibson or another source remains to be seen, but that fact that the hole has been plugged – and that there is more investment on the horizon – is a really positive update.
It was just a few days ago that ex-SPL chief Roger Mitchell was claiming that the Gers were in “dire financial straits”, and that we may not even survive the economic strain of the Coronavirus pandemic.
Hopefully this has put pay to that kind of malicious chatter, and with Park also going as far as to offer to foot the bill for a second investigation into the SPFL’s recent behaviour during the global health crisis, it would appear that the Gers are in a pretty strong position, financially-speaking.
In other Rangers news, Ibrox Exclusive: Alex Bruce urges Gers and SPFL to end dispute for good of Scottish football.