McAvennie: I'd be 'worried' if Celtic copied 'odd' Rangers move - Ibrox fans must ask questions
Frank McAvennie has questioned Rangers’ decision to offer fans the chance to buy shares in the club.
The former Celtic hitman, speaking exclusively to Football Insider, told Gers fans to question the club’s motives.
On 1st June, Rangers announced that supporters would be able to buy shares in the club up to the value of £100,000.
The target is for Rangers to raise £6.75million through the share issue.
The scheme went live on Monday (21st June) and, if successful, could prove to be a boost to the cub’s finances.
McAvennie has questioned why the club needs to raise more money after winning the league and qualifying for the Champions League.
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“It’s odd. I don’t know what the fans are thinking,” McAvennie told Football Insider correspondent Ben Wild.
“There are so many shares around, how can they be worth anything now?
“I wouldn’t think the fans are too pleased with it. I look at it and think maybe the club should be run better.
“As fans, you want the owners to look after your club and it would worry me. If Celtic started doing that, I’d be worried.
“They are obviously spending more money than they can afford. They have won the league and are in the Champions League.
“You would think they were on a good footing but clearly not if they are having to sell shares.
“At some point, someone has to say ‘we need to run this club right’. The fans should be asking that question.”
Rangers’ previous financial troubles are well documented and the risk of another collapse will always concern Gers fans.
The club looks to be in a healthy position after winning the Premiership last season.