Stuart Gibson injects fresh investment into Rangers, new shares allocated - journalist

It was only this time last week that interim Rangers chairman Douglas Park had claimed that the £10million investment gap had been filled at Ibrox.

At last years' AGM, an eight-figure fee was still required after Dave King stepped down from the top-job in Glasgow.

Park insisted that the gap had been filled by existing investors, and Jordan Campbell of the Athletic has delivered a further insight into that.

Writing for the Athletic on Friday, Campbell shared that Stuart Gibson had made a fresh investment of £5million - £4million of that being in cash.

The journalist also reported that George Taylor, Douglas Park and George Letham also invested a combined £2.7million to the cause.

The latest investments mean that new shares at Ibrox were allocated earlier this week, with Gibson now the fourth-largest shareholder at the club.

Gibson now owns 8.27%, with Park's shareholdings now standing at 13.23% as King's lowers to just above 20%.

This can only be good news for the Gers, who have a number of businessmen committed to the cause by plugging these financial gaps.

Ex-SPL chief Roger Mitchell recently claimed that Rangers were in "dire financial straits recently, and these cash boosts injected into the club will not only keep him quiet but help the club survive the COVID-19 pandemic.

With King slowly moving away and keeping quiet, it is a breath of fresh air to see the likes of Gibson stepping up in our time of need.

In other Rangers news, Barry Ferguson shares verdict on exit of this Gers talent