Finance Expert: Rangers blow as Sydney Cup could lead to club being sued
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 may be set for a big blow as they could be sued by the organisers of the Sydney Cup after backing out.
The Finance Expert admitted that the Bears will be looking to “absolutely avoid” the potential £1.6million payout that they may be forced into in the coming months.
Plumley also suggested that the club missed the chance for global exposure with another Old Firm match, although that is compared to the costs needed to put it together.
“Rangers coming off the back of their most successful financial year in their modern-day history since their re-form and their rise back to the Scottish Premier League and that is great,” he exclusively told Ibrox News.
“But, then this is an additional payment that you don’t want to lose £1.6million if you can absolutely avoid it in any shape or form.
“It’s a blow in that regard, and wider than that there is arguments both ways isn’t there, there is the cost of going out there and logistics, travel and accommodation, then there is the exposure the other way, would it have generated a significant amount of exposure on the global side of things, I think it would have done and there was some benefit to that competition.
“Those are the weighing up of it, but in the grand scheme of things, it’s not an insignificant amount of money and one thing you would always look to avoid, although it will be a blow in the short-term finances for sure.”
Signing off on this in the first place was a complete shocker from the Ibrox board, and then backing out just made them look even worst, although it’s what the fans demanded.
It’s just added to the long list of potential pay outs coming at Ibrox with the poor decisions consistently being made, something has to be done to put it to a stop.
In other Rangers news, this finance expert admits the Bears have numerous options on the table to generate more investment when needed