Rangers finances update emerges after major banking development
Rangers secured a loan from Macquarie Bank against future transfer fees on Tuesday, 11 March.
The documents of the same were lodged with Companies House but the exact amount of the loan has not been disclosed.
The arrangement is said to be similar to the ones with Burnley, Watford and West Brom in recent years.
Sam Lammers and Antonio Colak instalments likely mentioned by Rangers
The Scottish Sun reported on 12 March that in the Companies House documents, two parties, “FCT” and “PC”, owe the club money and that the club took action to receive funds immediately.
This likely means FC Twente and Parma Calcio – two sides that have done business with the Ibrox outfit in recent years.
Gers sold Antonio Colak to Parma for £2.5million in 2023 and Twente bought Sam Lammers for a similar amount last summer.
As transfer fees are paid in instalments rather than the full amount up front, money is still left to come in.
That said, neither Parma nor Twente are understood to differ in their instalments for the players they bought from Rangers.
San Francisco 49ers’ takeover is likely why Rangers need to secure a loan from the bank
Gers’ decision to secure a loan from Macquarie Bank reflects a strategic shift driven by the San Francisco 49ers’ looming takeover and immediate financial needs.
With the deal likely to finalise by May, key shareholders like John Bennett, poised to sell their stakes, are reluctant to inject more personal funds, unlike in typical scenarios.
| Shareholder | Stake |
| Dave King | 12.96% |
| Douglas Park | 11.54% |
| George Taylor | 10.22% |
| Stuart Gibson | 9.53% |
| Julian Wolhardt | 9.53% |
| John Halsted | 9.53% |
| John Bennett | 7.11% |
This loan provides an instant cash injection, crucial for operational stability during the transition, rather than waiting for staggered instalments.
The move diverges from Bennett’s 2021 stance against high-interest loans as he once rejected a 13 per cent rate, insisting on 6 per cent as the benchmark.
While terms with Macquarie remain undisclosed, Gers likely accepted interest payments to prioritise liquidity now, signaling a pragmatic trade-off to bridge the gap until the 49ers’ investment kicks in, balancing short-term pressures with long-term ownership change.