Finance Expert: Next Rangers accounts to be boosted by Champions League and transfers
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 next account will be boosted by Champions League and transfer windfall missing from their latest published records.
The Finance Expert admitted that the Champions League windfall of at least £17million plus the sales of Calvin Bassey and Joe Aribo will appear next year.
That is despite that windfall currently boosting the Rangers board and their spending, with the money not yet being realised officially in the records.
“Absolutely,” he exclusively told Ibrox News.
“You can link this back to the investors that are still owed money and any investment coming in, you know that money will be realised in the next set of accounts.
“So, the club are dealing with that boost right now in the course of the season and we will see it in the accounts further down the line. We know the Champions League alone, just for getting there, they’ve probably pocketed around €20million [£17.4million] at least, so that’s there and you have the transfers as well to factor in.
“It will be boosting the club finances now and then you’ll see it in the next set of accounts for sure.”
The money from selling Bassey and Aribo stands at around £30million, so adding that onto the Champions League windfall may very much see another record year at Ibrox.
It will only make things worst for the likes of Douglas Park though, who are currently overseeing a dreadful spell on the pitch, with Kyle Fox also pushing to become a major shareholder.
Changes are coming at Ibrox, but the money is certainly looking better than ever.