Rangers owners bankroll £3m+ injection – official documents filed
Rangers have received a £3.6million injection from their owners in the form of a new share issue, sources have told Football Insider.
As per a Companies House submission on Wednesday (19 February), the Scottish giants’ holding company Rangers International Football Club PLC has issued 18 million shares.
Each share was purchased at 20 pence per one pence share, taking the total investment to £3.6million.
It is so far unclear whether the investment comes in the form of a cash injection or the conversion of debt into equity.
Rangers’ financial situation has been firmly in the spotlight over the past few months after the club recorded heavy losses last season.
Although the Glasgow side’s revenue increased from £83.8million to a record-breaking £88.3million in 2023-24, their net losses surged by £4.1million to £17.2million.
Finance expert Stefan Borson told Football Insider Rangers are in a “vulnerable” position and will be reliant on their owners putting money in moving forward.
Rangers chiefs want to make Ibrox wage cuts
Chairman Fraser Thornton and CEO Patrick Stewart are now spearheading the executive team at Ibrox following their appointments in late 2024.
Football Insider revealed on 26 December the new Rangers chiefs want to cut the wage bill to help ease the club’s financial struggles.
Their salary expenditure dropped from £64million in 2022-23 to £61.1million last season, but it still accounts for almost 70 per cent of their overall revenue.
That is lower than Celtic’s wage bill, which stood at £65.6million in 2023-24.
However, they posted a new club-record revenue of £125million and a £17.8million pre-tax profit last season after largely dominating proceedings in Scotland over the past few years.
| Club | Games Played | Points |
| Celtic | 26 | 69 |
| Rangers | 26 | 56 |
| Aberdeen | 26 | 38 |
| Dundee United | 26 | 37 |
| Hibernian | 26 | 34 |
| St Mirren | 26 | 31 |
Celtic to blow Rangers out of the water after £38m reveal
The financial gap between the Old Firm rivals is likely to increase this season due to Brendan Rodgers’s side’s participation in the Champions League.
Celtic landed a guaranteed £38million windfall from the European competition before Bayern Munich knocked them out in the play-off round on Tuesday (18 February).
Rangers have banked £15million after qualifying automatically for the last 16 of the Europa League, having secured an eighth-place finish in the revamped league phase of the competition.
Philippe Clement’s side currently sit 13 points behind Celtic in the Scottish Premiership table after 26 matches.
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