John Gilligan has set out his vision after stepping into the role as chairman at Ibrox
In light of rumors of possible funding from the Far East, Rangers’ next major investment will largely depend on how and where they choose to spend the cash.
Tam McManus expressed that opinion during the first public speech made by John Gilligan, the Light Blues’ new chairman, following his appointment over John Bennett. Since Bennett resigned as chairman, there has been conflict in the Ibrox boardroom as previous chairman Dave King pushes for Bennett to rejoin the team.
Rangers are “in crisis,” according to King, who still owns a 14% share in the team. He also stated that powerful board members wouldn’t want him back because they are aware that he “wouldn’t tolerate board members who are only in it for the ‘jacket and tie’ and don’t actually want to do any real work.” Gilligan begged King to hold private discussions, calling a return “unrealistic”.
Following King’s statement last week that it would require £50 million to achieve short- and medium-term goals, Gilligan gave supporters reassurance that new funding would be arriving under the present administration. Additionally, in the midst of circulating rumors and speculations south of the border, former Hibs striker McManus has highlighted the reasons why investment from the Far East may be approved.
“I think Dave has been fairly vocal about getting back into Rangers again,” he said to PLZ. That’s not something that I believe John Gilligan and the Rangieters board especially want. His interview makes it rather evident, and I believe they want it to be done quly.
“However, Dave is a well-known figure who has stated that he wants to rejoin the Rangers. We still don’t know who will step forward and make an investment. Rumors of the Far East and other things abound.
“The question of who will invest the money and whether it will be used appropriately will be crucial. Rangers can become a lot closer off the field if someone comes in with a lot of money, even though we know Celtic is now financially much ahead of them.
A large cash offer, though, doesn’t seem likely to persuade the board to sell the team outright, since Gilligan said that the club’s owners do not want it to be owned by just one individual. When asked if there was a free cash injection, he replied, “The club is receiving new investment.”
“The present investors are eager to make more investments after making significant ones throughout the years. Anyone who contacts us about investing is welcome. We receive approaches from a variety of sources all across the world. However, the appropriate individuals, the proper circumstances, and the right number of shares must all be met. One individual running the group is not what we desire.
“I don’t think it can be quantified. Although there is now a sizable margin, all you need to do is win your games and re-enter the race for the top place. The difference might then swiftly alter if we reach the level of Europe that we intend to reach.
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