Rangers set to post new profit after source speaks out on Auchenhowie move
Andrew Cavenagh and 49ers Enterprises recently completed a takeover of Rangers with new money now coming in, and there are long-term goals in mind.
Rangers have been promised investment after a dismal few years saw Celtic win the last four Scottish Premiership titles in a row.
The new majority shareholders have gotten off to a tough start, as fans are unhappy with the decision to appoint Russell Martin as the manager to lead their project.
49ers Enterprises elected to invest in Rangers in order to restore them to past glories, while there were financial motivations behind the takeover.
Rangers become profitable at youth level
Rangers’ finances were in a difficult place before the takeover after years of poor spending, but there were other areas at Auchenhowie which needed to become more efficient.
The takeover happened as the consortium of investors saw the potential of Rangers, both on the pitch and as a long-term investment.
Journalist Chris Jack has now shared how a previous change in youth-level spending led to more profits, and made Rangers more enticing for the takeover.
Jack has reported via the Rangers Review (9 June) that the Gers have cut £250,000 of excess spending at youth level.
| Position | Goal Difference | Points |
| 2nd | 39 | 75 |
One source told him that food provisions for the families of youth players at the bottom end of the academy have been cut, in order to make Rangers more “efficient.”
John Bennett and James Taylor undertook this process which not only made Rangers more financially sustainable, but it also made them more enticing for the takeover, and next month’s accounts will now show a profit at pre-trading level as a result.
Rangers need to spend more efficiently
While these changes are taking place at all levels in the club, Rangers need to build a sustainable model where they do not waste funds as they have done in the past.
Rangers have had several expensive transfer failures, with Oscar Cortes the latest flop they may have to make a loss on after a significant fee was paid.
The Gers cannot afford to keep making these mistakes, and while there is set to be investment in the transfer market this summer, the money has to be spent smartly if they are to improve on the pitch,