Rangers investment news after Douglas Park exit – 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 the door has opened ever so slightly to new potential investment at Rangers after Douglas Park stepped down as chairman.
The finance expert admitted that Park not wanting to sell his shares before this move still has to be taken into consideration with not much time passing since.
Park not only stood down as chairman, but also waved his “significant control” in the boardroom despite his hefty shareholding at Ibrox in the club.
“I think it maybe opens the door ever so slightly more than it was open,” he exclusively told Ibrox News.
“So, I think we have to consider the shares that are still inlace and the rhetoric is that he really doesn’t want to get rid of those at the minute, but he has stepped down from a position of power which is a factor in that.
“I think it’s one of those where you’ve got to look at both parts there, one is the stepping down of chairman, but two is the shares that are still in place.
“Potentially, it opens up the door for a conversation, but that’s not to say that it will trigger new investment or him selling his shares, it’s just a boardroom change as much as anything and then you are trying to look at what might be.
“It’s still very much what might be rather than what will be at this moment.”
Many fans at Ibrox wanted change at the very top and that has happened more than once over the past couple of months with Ross Wilson also moving on.
That one was likely celebrated more, but there could be even more change to come based off this, with new ideas in the boardroom likely welcomed.
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.