Finance Expert: Rangers likely to issue more shares, it may change board structure
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 are likely to issue even more new shares this year following their work to generate more cash through the same method previously.
The finance expert admitted that the knock-on effect of that can be linked to the board structure at Ibrox and how the club runs on a day-to-day and long-term basis.
Shares have already been issued at the start of 2023, with Stuart Gibson purchasing those to make him the third-highest shareholder at the club.
“I think if you look how Rangers have operated with that model then they have probably been a club that has done it more so than others,” he exclusively told Ibrox News.
“It seems to be a go-to method over the last few years to raise some finance where necessary, so I think it is likely that you will see it continue.
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“You have to context that against the wider structure of that board, as we say a lot, there are a lot of different players in that mix, a lot of shareholders and share options, there is a lot of moving parts to it.
“I think it is likely that they will look to do that again, they have done it in the past and the knock-on effect is linked to the board structure and how the club runs, not just day-by-day but on a long-term basis too.”
With the board structure open to change through these methods, it is something that the fans will likely support given their push for change at the very top.
This is certainly something to keep an eye on now.
In other Rangers news, the club are in line for a multi-million windfall from the Premier League after a £10m Auchenhowie milestone was reached.