By Ibrox News Speaking to Tam McManus

15th Jan, 2023 | 10:40am

Rangers takeover verdict shared by pundit as £34.9m Douglas Park reveal emerges

We’re delighted to welcome Tam McManus as our exclusive Rangers columnist as each week he’ll be giving his views on the biggest talking points at Ibrox

Rangers need new owners if they’re to move onto another level despite Douglas Park’s company posting huge profits, according to Tam McManus.

As shown in a tweet by football finance guru Kieran Maguire on 24 December, Park’s of Hamilton recorded an operating profit of £34.9million for the 2021/22 financial year, up until 31 March, and a turnover of £865million.

Park and other investors have already pumped a lot of cash into Ibrox in order to make the Govan side a title challenger again.

Steven Gerrard’s side achieved that feat in 2020/21 to stop Celtic from winning 10 consecutive titles and last season, Giovanni van Bronckhost led the Light Blues to the Europa League final.

However, there are now signs of regression at Ibrox with once-premium players now looking set to leave on frees in the summer and Celtic seemingly back on top in the fight for the Scottish Premiership title.

McManus has praised Park for the work he’s done with his own company and the work he’s done at Ibrox.

However, the ex-striker believes it’s time for a change of ownership in Govan.

Speaking to Ibrox News, McManus said: “Park’s business is doing well, it’s being run successfully and he’s making a profit out of it.

When you’re running a football club, not many people make money. I think it can become a financial black hole at times if you put money in.

Park’s put a lot of money in with other board members to get Rangers challenging again, to stop 10 in a row and to get them on a European run.

In the longer term, I think Rangers fans are waiting for someone to come in with big pockets. Most clubs would.

Park’s done a good job at Rangers but the days of him putting serious money into the club are gone.

They need a takeover and somebody else to come in with bigger and deeper pockets to take them forward again.”

In other Rangers news, the Gers are expected to sign this “World Cup star” in January.