Rangers new investors told to ‘buy the club now’ in takeover twist
Aberdeen’s former chief Keith Wyness has claimed Rangers “is a big opportunity” for investors with the club’s valuation tanking under the current board.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Aberdeen between 2000 and 2004, had lengthy spells as the chief of Everton and Aston Villa and now runs a football consultancy advising elite clubs – insisted the attraction is “enormous” due to access to European competitions and the Gers’ global fanbase.
Wyness has previously told Football Insider (9 November) that Rangers must “trust” a new ownership group to come in and implement a “dramatic rethink”.
The club are without a permanent chairman or CEO after multiple high-profile exits in recent months.
Rangers released documents showing their accounts for the 2023-24 season on 29 October, showing that the club’s net losses increased by £4.1million from the 2022-23 campaign to £17.2million.
On the pitch, the Ibrox club trail rivals Celtic by nine points after just 11 top-flight games.
Rangers valuation plummeting under current board, says Wyness
Wyness told Football Insider‘s Insider Track podcast: “You normally see clubs with trouble and issues being the target of new investors.
“It’s rare you see someone pay a big premium to take over a club who are doing really well.
“Rangers is a big opportunity. The existing board have weakened the club’s valuation considerably.
“It’s now a buy opportunity, in stock market terms.
“Someone has to come in, see the opportunities in terms of access to European competition and a global fanbase.
“It’s enormous. They could get the academy going again, get the monetisation of the global fanbase right – it needs new blood.”
In other news, Rangers backed to complete multiple loan signings – insider.
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