Kieran Maguire spies possible problem in near-£7m Rangers plot after announcement
It would be “incredible” if Rangers fans can raise £6.75million through the club’s share offer – but the pandemic may make that task harder.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Rangers announced the launch of the scheme on Monday (21st July).
Supporters have been offered the chance to purchase equity as a means of “future-proofing” the Ibrox club.
Fans who purchase a stake will earn the right to sit in on the club’s annual general meeting and vote on director appointments.
Maguire told this site on 6th June that the allotment of shares is unlikely to result in much change in the day-to-day running of the club.
And the spreadsheet expert also claims that the impact of the pandemic on ordinary Rangers fans could slow the process down somewhat.
Subscribe to Football Insider TV now
“The Rangers fanbase is in a very positive mood at the moment,” he told Football Insider correspondent Adam Williams.
“So I think they will be looking, either individually or collectively, to put together requests for tranches of shares.
“At the same time, we are in the middle of a pandemic and many people have had challenges to their personal financial circumstances.
“So that is something that will make it a little bit more difficult for them. But if they get to the £6.75m, that will be an incredible achievement.”
Rangers enjoyed a wildly successful campaign in 2020-21 as they sauntered to a first league title in a decade.
The club also saw the revenue gap between themselves and Celtic shrink to £11m.
In other news, Rangers told £3m will seal deal for explosive transfer target.