Rangers terms emerge to 'kickstart' new investment talks as Saudi interest mooted
Rangers will need the majority of board members on board to "kickstart" new investment talks at Ibrox, according to football finance expert Dan Plumley.
It has been suggested that some members of the board would be willing to speak to outside investors as long as they can find an interested party they can trust [Andy Newport, 3 September].
Former Ibrox chair Dave King has suggested he would look to secure investment from the Middle East and the US [Rangers Review, 15 September], but Plumley insists nothing will happen until the majority of the board agrees.
"You need at least a majority," he exclusively told Ibrox News.
"It doesn't have to be everybody, but certainly the majority of the members would need to be on board with that and looking to do it as a collective.
"I don't think it is ever something that is something that goes fully away from boardroom conversations at football clubs nowadays.
"We know that pretty much every football club is looking for investment in some way, shape or form at any given point in time.
"So it's not beyond the realms of possibility, but it needs at the very least a majority of the board members to get on board with that decision to really kickstart it.
"If not, you end up going around in circles with the conversations."
Will Rangers receive any new investment at Ibrox as Saudi interest mooted?
Rangers need further outside investment if they want to close the financial gap to Celtic off of the field, but until the entirety of the Light Blues' board accepts that fact, it is unlikely to happen.
It is understandable that some members of the Gers' hierarchy aren't eager to get into business with an unknown investor, but while that remains the case, talks will just continue to go around in circles.
Hopefully, when the right person or company is discovered, talks with kickstart as Plumley has suggested and work can begin on helping the Light Blues' financial position.
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