Stuart Gibson not looking to buy Rangers
Rangers published their accounts for 2020-21 last week, showing they suffered a £23.5 million loss, on top of the £15.9 million loss posted for 2019-20.
However, the club saw it coming as they transitioned to their next phase with a self-sustainable business model.
Nevertheless, they opted against adding to the losses by not funding more transfer activity in the summer despite the fact that Champions League qualifications would help balance it out.
According to The Athletic, talk of Stuart Gibson buying the Ibrox club or stepping up to fund further tens of millions of transfer spending is off the mark at the moment.
The Hong Kong-based investor invested £5million in Rangers last October, and while the billionaire did not rule out further funding at the time [Glasgow Times], it does not seem he is ready to do so right now.
The Scottish Premiership giants will need to retain the title in order to qualify for the Champions League for next season, but the sudden departure of Steven Gerrard could deal a massive blow on their ambitions.
Rangers are top of the league at the moment, but only four points separate them from Celtic, and they cannot afford to let the latest blow derail their campaign.
The Ibrox outfit need to get in a replacement capable of making an instant impact, and that will not be an easy task for anyone midway through the season.
They have got a huge challenge on their hands, and they must not make a mess out of it.
Rangers could be forced to sell some of their top assets next summer to balance the books, and some players could be less keen on remaining at the club following Gerrard’s exit.