Rangers' new American owners have received approval to invest £20 million into the club, signaling a pivotal moment in its history. Despite the large sum, Rangers face a daunting challenge competing against Celtic, who have dominated Scottish football recently. Chairman Andrew Cavenagh highlighted the need for a tactical financial approach, emphasizing the goal of long-term stability and possible projects like the Ibrox expansion. The significant gap in financial health between Rangers and Celtic underscores the complexity of the club’s ambitions as they strive to return to trophy-winning ways and the Champions League.
The cash brought in by Cavenagh and the investment arm of the San Francisco 49ers is clearly significant. However, Rangers’ most recent financial results showed a loss of £17 million for last year.
Cavenagh knows this, saying the long-term goal is to deliver financial stability, with the possible expansion of Ibrox a project for down the line as well.
Collection
[
|
...
]