Financial expert: Rangers could be in big trouble if they do this
By Matt Farr
Financial guru David Low has warned Rangers against spending big to stop their rivals winning ten league titles in a row.
In recent weeks, several former Old Firm figures have urged Rangers to splash the cash in a bid to stay competitive with Celtic for the next few seasons – including ex-Ibrox chief Walter Smith.
However, David Low, who assisted Fergus McCann in the Celtic rescue mission of 1994, believes that would be a disastrous approach, and could end up in another insolvency.
Rangers are second in the Scottish Premiership, but have already fallen 19 points behind their rivals in the race for the title, and Low insists that they must focus on fending off Aberdeen in third.
He added that whilst Rangers must strive for success, the club have much more pressing concerns that warrant their full undivided attention – in particular, plugging the leak in the finance department.
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He told the Daily Record: “Rangers are closer to Aberdeen than Celtic and that’s not going to change for quite some time.
“The problem is since they were allowed into the fourth tier in 2012, they’ve lost money every year. They are losing money again this season despite being in the Premiership and had to promise auditors further soft loans would be made to see out this season.
“The first thing they need to do is stop being obsessed with stopping 10 in a row because it’s not about that anymore – it’s about survival.”
Following their liquidation in 2012, Rangers have put in hard work on the pitch to earn the right to play alongside Scotland’s best in the Premiership once again.
They rode back-to-back promotions from the fourth to the second-tier, before a two-year stay in the Scottish Championship, ahead of their eventual return to the top-flight for the current campaign.
However, all that hard work could go to waste if Rangers throw their money recklessly at trying to match Celtic in the near future.
In other Rangers transfer news, the Gers are close to clinching a deal for this international wide-man.