One of our regulars on the site posted something which perhaps a year or two ago would have sounded like fantasy football, but in reality now seems quite feasible. It made us think, and related to certain worrymongering about the recently-released accounts.
First off, yes, it is true that technically speaking if this club doesn’t find £10M+ funding by the end of the season it’s technically true that it would go out of business, but that’s again like saying if a person doesn’t breathe they will die.
All companies need capital, Rangers’ issue is only the sourcing – that the club is not fully self-sustaining yet and requires the board to help fund.
That will happen. The money is not a problem.
However, the regular in question, relating to these accounts, made such a valid point and while no one wants to ‘sell the family jewels’ the fact is Rangers have megamillions on our hands in saleable assets, and money, truly is not an issue.
If we look at the most frugal-case scenario, then we have a pile of £10M+ players – Morelos, Katic, Barisic, Jack, Aribo. We don’t even need to go further – because right there is a critical minimum of £50M and with Steven Gerrard’s comments yesterday about the Colombian striker that goes up even more.
In short, our players give this club value, even more value than before, given the assets we have at our disposal. The squad, just like Celtic’s, is worth big money now, players who deliver both for their clubs domestically, in Europe and for their countries.
Meaning Rangers have plenty of cash at base level before we talk about generated revenue.
Rangers are not in any financial trouble – we are mired in litigation issues and we’re not quite generating as much revenue as we’re spending, but this is standard company practise and in no way reflects ‘admin 2’.
The only reason for ‘admin 1’ was our former ‘owner’ breaking the law withholding funds from HMRC.
End result – Rangers are becoming more and more valuable. We don’t have to sell anyone. But we do have assets who will fetch big money and in time put our coffers into the black.
Just like Celtic, who have generated £50M over the past two seasons with two player sales.
The sooner people stop scaremongering and focus on our valuable squad, a cup final, a challenge for the SPL title and progress in Europe, the better.