Rangers: Kieran Maguire provides update on the club’s finances and future plans

Image for Rangers: Kieran Maguire provides update on the club’s finances and future plans

finance expert Kieran Maguire has been speaking on the latest edition of The Price of Football podcast about all of the latest financial news from the world of football.

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One of the topics that he spent a bit of time covering was Rangers and the news that they have just issued £3m of shares.

This led Maguire to talk about what this means for the club, and he also provided a little insight into what the Gers’ plans for the future are.

He said: (10:21) “ have just issued another £3m worth of shares. So, their investors are continuing to put money into the club.

“The reason for that is that have been losing money.

“Rangers’ objective is to try to catch up with Celtic and then move on to a sustainable basis, but they’re not quite there yet.”

Are you concerned by this?

No, this is fine

No, this is fine

Yes, could cause some problems later on

Yes, could cause some problems later on

TIF Thoughts on Rangers’ finances…

It seems that the club are being funded from outside sources as they look to close the gap on Celtic.

On the pitch, they have closed the gap to Celtic superbly this season as they have won the league title, gained seven points from the three Old Firm games so far, and reached a further stage in the Europa League than the Bhoys.

However, according to Maguire, the Gers are losing money off the pitch, and though they want to become a sustainable club, that is not possible at this moment in time.

We find this interesting, but we are sure that most Gers will be more bothered about the team’s success on the pitch this season and they can still go the whole league season unbeaten, which would be quite the achievement and we hope that they do achieve that aim.

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