Rangers to raise 16m share issue for squad funds
Briefly

Rangers to raise 16m share issue for squad funds
"We do not plan to hire a sporting director. The executive team is committed to being smaller, nimbler, and more entrepreneurial. We want an executive team willing to get its fingernails dirty."
"Increasing the revenue and capital is only part of the path to allocating more resources to the men's first team. If we are going to ask supporters to pay more for tickets, we have an obligation to spend those funds wisely."
"The costs to run the club - player wages, agents' fees, security, food and beverage - are all rising faster than the overall rate of inflation."
Rangers will raise £16m in a share issue to fund investments in the men's squad, with support from the chairman's consortium and existing shareholders. Adult season ticket prices will increase by 6.5%. The total investment since the consortium's takeover in 2025 is £36m. The club will not appoint a new sporting director, aiming for a smaller, more efficient executive team. Rising operational costs necessitate careful allocation of resources to the men's first team, ensuring funds are spent wisely.
Read at www.bbc.com
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