New document shows Rangers boosted by seven-figure windfall from fresh investment
Rangers have had their bank account boosted by over £1million after shares were issued to investors, a document on Companies House confirms.
It shows that the Light Blues have issued five million new shares worth 20p each.
Football finance expert Kieran Maguire shared the news via his personal Twitter account on Thursday after the document was submitted on the Companies House website.
Rangers have needed a lot of investment to get them back to where they currently sit in the Scottish Premiership and the current situation the world finds itself in hasn’t helped one bit.
However, one thing that has helped massively has been that the club has invested money wisely and that has been put into effect by manager Steven Gerrard.
Gerrard and Rangers’ recruitment staff have brought in some great players in the last few years and have raised the squad from one that couldn’t dream of a win over Celtic to one that is regularly winning at Parkhead and is currently nine points clear at the top of the table.
If Rangers continue with the way they’re going, they will not only be able to win silverware this season and qualify for the Europa League knock-out stages, but they will also be able to qualify for the Champions League in 2021/22.
As reported by the Scottish Sun, this season’s Scottish Premiership champions will “go straight into the Champions League third qualifying round next summer”. The runners-up will go into the second round of qualifying.
Rangers’ investors must know that if they put in this money now, the club will make it back next season if Gerrard is able to take the Gers to the Champions League group stages.
In other Rangers news, fans were blown away by this “underrated” player’s latest performance for his country.