Rangers owners bankroll £20m injection – official documents filed
Rangers have received a £20million injection from their owners in the form of a new share issue, sources have told Football Insider.
As per a Companies House submission on 30 June, the club’s holding company Rangers International Football Club Limited has issued 100 million shares.
Each share was purchased at 20 pence per one pence share, taking the total investment to £20million.
It comes after Rangers’ new owners committed to investing £20million after agreeing to purchase a majority stake at Ibrox.
The Scottish giants announced on 30 May the US consortium has completed its takeover after receiving the approval of the Scottish FA.
The ownership group is spearheaded by health insurance tycoon Andrew Cavenagh and Leeds United chairman Paraag Marathe, who is the president of 49ers Enterprises – the investment arm of NFL franchise the San Francisco 49ers.
Rangers officially confirmed five new appointments last month, with Marathe and Cavenagh joined by Mark Taber, Eugene Schneur and Andrew Clayton on the board at Ibrox.
Rangers transfer plan revealed after £20m injection
Football Insider revealed on 2 June Rangers’ owners are expected to make big transfer funds available this summer, with the £20million injection set to strengthen the budget.
Russell Martin has been appointed as the new head coach as he looks to improve matters on the pitch at Ibrox.
The Glasgow side have already confirmed the signings of Lyall Cameron from Dundee and the loan addition of Bournemouth’s Max Aarons.
Meanwhile, another deal has been agreed with Bournemouth to sign Joe Rothwell permanently at Ibrox.
Rangers confident of agreeing Conor Coady deal
In terms of another potential incoming, Football Insider exclusively revealed on 27 June Rangers are in advanced talks to sign Conor Coady and are hopeful of concluding a deal soon.
The 32-year-old has entered the final year of his contract at the King Power Stadium and Leicester City view him as a sellable asset as they aim to clear space in their squad.
The centre-back made 26 appearances for the Foxes as they were relegated from the Premier League in the 2024-25 season.
Rangers will begin the new campaign later this month when they face Panathinaikos in the second qualifying round of the Champions League.
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