External investment still on cards at Rangers after Kyle Fox news - Finance Expert
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 external investment is still on the cards at Rangers after links to Kyle Fox and Club 1872 were ended in recent weeks.
BBC News shared on Wednesday 15 March that Fox has ended her interest in a takeover at Ibrox, weeks after Dave King ended his agreement with Club 1872 to sell them his shares.
The finance expert reacted to the double news by admitting that other external parties will remain interested in investing given where the club are right now.
“Looking at it broadly speaking, a lot of the narrative around the supporter offer was you’re asking them to dip into their own pockets,” he exclusively told Ibrox News.
“What we are seeing throughout a lot of the narratives through big football clubs like Rangers in that market, is it’s actually an external investment that they’re looking for and need to take the club forward to the next level.
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“So, I don’t think it rules out investment, but you have to look at how you want to run the club and if you’re even looking at a minority stake for investment but it’s designed to kick the club on a little bit quicker, then you are looking to more wealthy people to put money up in their own right.
“It probably means you may look elsewhere for investment, it may not be Kyle Fox, but certainly, there will be other external parties that are interested in investing in Rangers given where they are at the minute.”
Even if it isn’t Club 1872 or Fox, there could be more interested parties waiting around the corner to get their hands on a piece of this famous club and hopefully push it in the right direction.
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.