Rangers’ £20M boost all but confirmed

Rangers officially confirmed the final total raised by the recent share issue, and sadly while the number was decent at £4.5M, it fell almost 50% short of the original £7.5M target.

It is a financial injection, though, of some good numbers for the club to play with, in light of the UCL exit, and adds nicely to the £3.5M secured for UEL group stage, meaning Rangers have actually ended up with £8M in those areas at the end of all the totting up.

So while it didn’t quite make the predicted level, it’s still £8M our manager has to toy with, which is more than he had a few weeks ago.

Rangers fans are aware the club has invested heavily in improving the stadium and facilities, and keeps on doing it. As DoF Ross Wilson says, every time he comes in he looks at something else which requires overhauling.

But doing that requires revenue streams and while UCL was a colossal loss, nevertheless £8M isn’t to be sniffed at and will help.

There are also player investments, and of course the imminent £12M fee to be received for outgoing Borna Barisic, so all-in-all this means Rangers are £20M better off than they previously were.

It’s not the way we’d have wanted to secure that level of funding, but it’s still good numbers and puts us in a decent place.

So onwards and upwards.