Kieran Maguire salutes Robertson after £100m Rangers reveal in last 48 hours
The £100million invested in Rangers over the last six-and-a-half years has been “money well spent”.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about Stewart Robertson’s recent comments.
The managing director arrived at Ibrox in 2015 during the darkest period in the club’s history following their liquidation three years earlier.
Rangers were in the Championship at the time but have risen phoenix-like in subsequent years and claimed a first league title in a decade last term.
Speaking to The Athletic on Thursday (13 January), Robertson revealed that £100m was pumped into the club as they re-established themselves.
Maguire analysed why Rangers needed to rely so heavily on external investment to eat up the ground on arch-rivals Celtic.
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“They will see that as money well spent,” he told Football Insider‘s Adam Williams.
“Following setbacks under previous owners, Rangers were effectively in recovery mode.
“They had challenges and investment was required because they had a lot of catching up to do.
“When Rangers were in the lower divisions, Celtic were in the Premiership and competing in Europe and had a big competitive advantage.
“You can’t make up that gap from matchday and broadcast income, so you’ve got to go to the investors.
“Yes, it’s a lot of money but it is now bearing fruit.”
Rangers posted a £23.5m loss when they released their annual financial report in November.
This site revealed last Monday (3 January) that the sale of Nathan Patterson to Everton brought in an extra £12m, rising to £16m in potential add-ons.