Rangers issue £18m of new shares as paperwork emerges from Ibrox
Rangers paperwork has revealed that £18m worth of shares have just been issued from Ibrox.
The Gers have been suffering from financial issues in recent years which has seen a change in the approach utilised by the Govan hierarchy.
Some believe that Patrick Stewart has backed Philippe Clement at Ibrox for monetary reasons, so there is no doubt that a new cash injection would be helpful.
This appears to have come in at Ibrox after the latest development that has been revealed on Companies House.
Rangers issue £18m in fresh shares
The Light Blues have been forced to deal with multiple financial challenges in recent months which have represented a cause for concern.
By missing out on a Champions League windfall to Celtic, the ability to reap financial rewards has been lacking at times this campaign.
This saw the Gers forced to cut their wage bill from £41million to £35m this season which sums up the issues that Clement is dealing with.
There may be signs of these issues easing after Kieran Maguire shared paperwork on 19 February showing £18m in shares being allotted from Ibrox.
These were shared between 20 December and 23 January while being paid in full as no amount has gone unpaid according to the Companies House paperwork.
Rangers could kick on after financial boost
Latest accounts at Ibrox showed that they had lost an eye-watering £17m which points towards how deep the issues are in Govan right now.
By decreasing the wage bill and performing well in the Europa League, the Light Blues can be hopeful of taking one step closer to being as close to profitable as possible.
With a sizable amount of shares now being issued, it could point towards this being more difficult than first thought in G51.
It would certainly be positive for supporters to know whether a takeover could still be on the cards especially after American businessman Scott Galloway revealed it would cost £40million to become a major shareholder at Ibrox.
Fans will now have to wait and see whether any changes are made at Ibrox after these shares were allotted or if this was just standard practice.