Chris Jack of The Herald reports that after the club filed its annual accounts, Rangers still owes investors £78 million.
The club’s annual general meeting is scheduled for Tuesday, December 6; the Light Blues released their annual accounts on November 9th.
Jack asserted that the club still owes investors a sizeable sum, with only “£22million” having been paid out so far.
“More than £100million worth of investment has come from directors and shareholders over the last seven years. To date, £22million has been repaid,” Jack wrote in his latest column for The Herald (9 November).
All Rangers fans should mark their calendars for the club’s annual general meeting on December 6 because the board will be put to the test on how they have managed the team.
Most Rangers supporters will acknowledge that the board has stabilised the club’s financial situation. To advance the club, though, there’s undoubtedly a perception that a little more zeal on the field is needed.
The Gers ought to be dominating Scottish football and, at the very least, competing in the knockout rounds of the Europa League.
In order to give Giovanni van Bronckhorst the best chance of building on what the Light Blues accomplished in the 2021–2022 season, supporters would have preferred to see more ambition during the summer.
The fact that outside investors are still owed money could possibly relieve some of the board’s burden, with the club’s finances taking precedence.
Nevertheless, Rangers got some significant transfer fees over the summer, and explanations for what happened to the money will be needed.