Rangers have issued £2.2million worth of shares, as reported by football finance expert Kieran Maguire.
Writing on Twitter on Thursday morning, Maguire shared a document from Companies House on March 31 which showed 11million new shares have been issued at the price of 20p each.
Rangers issue a further £2.2 million of shares. pic.twitter.com/X7PefF6Ncy
— PriceOfFootball (@KieranMaguire) April 1, 2021
In February, Club 1872 confirmed they have agreed “to provide up to £2.5m pounds to RIFC in return for shares at a price of 20p per share”.
Keeping the ship steady
It’s obvious that Rangers don’t want a repeat of the mess that occurred at the start of the last decade and from what we can see, everything is being run superbly at board level at Ibrox.
This latest share issue could help in a number of ways to help ease the pressure of Financial Fair Play while it could also see Club 1872 increase their shareholding at the Ibrox club.
It remains to be seen what happens but it’s all good news for the 2020/21 Premiership champions.
Rangers are fast becoming an example of how top clubs should be run.
Everything is smooth and steady at board level with transitions of power being done slowly but surely while at football level, faith has been entrusted in a young, up-and-coming manager who has huge links within the sport and a great mind for tactics.
Transfers have been superb, with the Gers only really bringing in players to strengthen the starting line-up or the bench in the last year.
Everyone who’s brought in is better than someone else at the club with the Gers going from strength to strength to the point they’re Scottish league champions and back in the Champions League.
The future is bright at Ibrox but maintaining this success won’t be easy.
Let’s see what the club does in the summer with one or two sales expected to balance the books.