Finance Guru: Kyle Fox investment should not be stopped by Rangers repayments after accounts published
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Rangers...
Dan Plumley has insisted that Rangers repayments to investors should not effect Kyle Fox as she looks into becoming a major shareholder at Ibrox.
The Finance Expert admitted that background checks will be done by the American, with Chris Jack sharing that £78million is still owed to current stakeholders
It comes after the Daily Record had reported that Fox had agreements in place herself to hoover up to 30% of shares at the club, making her majority owner.
“I don’t think so,” he exclusively told Ibrox News.
“I don’t think it’s a prohibiting factor, it does link to that, you know the position so you’ll know that you don’t always pay everybody back that you owe within the year, some of it will be rolled through and they’ll be agreements that will be made.
“So, I don’t think that will prohibit a takeover or investment directly, you would want to be aware of that as an investor coming in so you will do all of your background checks hopefully.
“I don’t think that will be a prohibiting factor that you’re taking in that position if you’re investing into the club.”
This season has been a complete disaster so far, and it has only highlighted the need for sweeping changes at the boardroom level at Ibrox.
With Fox looking to step in and take control, this must now be used to show the likes of Douglas Park the backdoor as he continues to fail in such a huge role.
Change is coming in Glasgow, thankfully, it can happen quickly.