Rangers financial backers have once again put their money where their mouth is by investing another £1million into the club through the third share issue in just a couple of months.
Rangers News has reported on the recent influx of cash being put into the club which will go a long way to lessening the financial impact of the current restrictions of fans attending football, a massive £13m is the total sum claimed to have been raised by directors and Hong Kong based businessman, Stuart Gibson.
There has been a series of nonsensical blogs by those across the city in the last few days, claiming that the taxman has returned to Ibrox and that financial Armageddon once again beckons, this prompted the Four Lads Had a Dream blog to respond, and in no uncertain terms put them back in their place.
The initial story was that Rangers had been – wait for it – hit with a bill by HMRC, in the exact same manner that every commercial business and football club will be and that we were – hold your breath – paying for it in instalments, shock horror I know.
What makes this all the more amusing and ironic is that Celtic have had a bill of £5.5million from Her Majesty but have deferred it until next year, you couldn’t make it up.
Rangers financial model is on the right track, we turned down significant bids for our players in the summer and have invested in several off the pitch projects as well as the small matter of demolishing Edmiston House to be rebuilt with a new museum, retail and entertainments venue.
Dave King’s plan of having several Rangers-minded people willing to support the club where it matters most has proven – especially in this time of need – to be a masterstroke, and with the incredible support of the fans and the performances of the team on the pitch, it’s clear to see we are finally heading in the right direction, much to the annoyance of the obsessed from the East End.