Rangers news: £10m development may have long-term consequences
Rangers financial chief James Taylor has issued how the club plan to deal with a £10.5million pre-player trading loss.
Speaking to Rangers Review, Taylor admitted that it could take time as they aim to achieve financial sustainability.
Ideally, the plan is to achieve their targets within the next five-year cycle, but things may not always go as planned.
Taylor said: “There are a number of different facets around how we make that go away. I think you will see across various different football clubs that that is a challenging target, to be clear, but I think it is one that we should set ourselves and that we believe as an exec and a board that we can deliver against.
“It will likely take the first half of the strategic cycle to really deliver on that and deliver on that consistently but we do think that we are on the right path. The changes that we have made in the first four or five months, we are seeing the outcomes of those. But it will take a little bit of time to make sure that we have that sustainable number moving forward and making that £10million go away.”
Rangers fans may not be pleased
While Rangers’ plan to achieve financial sustainability and break even may seem prudent in the short term, there are potential long-term drawbacks to consider.
Firstly, overly stringent financial constraints could hinder the club’s competitiveness on the field.
Limiting spending on player transfers and wages may lead to a decline in squad quality and performance, making it difficult to compete with wealthier rivals domestically and in European competitions.
Additionally, focusing solely on financial stability may neglect other areas crucial for the club’s growth and success, such as investment in youth development, infrastructure and fan engagement all of which will not please the supporters.
Without continuous investment in these areas, Rangers risk stagnation and falling behind competitors who prioritise long-term development.
Furthermore, an overemphasis on financial targets may create pressure to prioritise short-term gains over long-term sustainability, leading to decisions that sacrifice the club’s future for immediate financial gains.
While financial prudence is important, Rangers must strike a balance between fiscal responsibility and strategic investment to ensure sustained success both on and off the pitch.
In other Rangers news, a former Liverpool and Everton midfielder has revealed an offer to secure a permanent move to Ibrox.
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