Dave King could put in £13 million

October 28th, 2014

The financial situation at Rangers is critical to say the least as the Scottish side has been receiving hit after hit with different businessman investing in the club and making a series of changes that were expected to bring life to the club at the Ibox Stadium but things ultimately fell apart with nothing positive coming out of it.

A potential €16 million investment is being negotiated between the board of directors, the shareholders of the Scottish club and Dave King.

Dave King has a funding package that is expected to bring stability to a club that for the past years has struggled financially with 15,000 season ticket holders being lost in the last summer. For those unaware of who Dave King is, he’s a South African businessman who has already invested in Rangers FC in the past as a non-executive director of the club and even though his investment of €20 million did not reap any monetary benefits, he still remains being a fan and supporter of the club and is willing to invest once more in the team.

Rangers FC is currently fighting in the top spots of the Scottish Championship League and the manager of the club, Ally McCoist has expressed his desire for the negotiations to be completed and if things actually do go in favor of the Scottish club then the cash injection could possibly even provide the manager with enough funds for him to sign a few players in the January transfer window so the club can continue their charge for the Scottish Championship League title.

Ally McCoist is optimistic that the negotiations will be completed successfully and an agreement concerning the current situation of the club is made.

McCoist said: “We haven’t heard anything for three or four days, but I’m very hopeful that we could have some good news in the coming days or weeks.

“It would be brilliant if there was some kind of funding solution before the end of the year, but we’re not expecting it or relying on it. One or two signings in January can make all the difference. I can go back to us signing Graham Roberts from Spurs in 1987.He was a fantastic signing and helped us kick on. Graeme Souness was always keen on January signings.”

Malmö FF – Glasgow Rangers FC (2011-08-03) UCL – MÄKTIG STÄMNING!!!

October 23rd, 2014

Video clip Ranking: four / 5

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September 25th, 2014

Video Ranking: four / five

McCoist Praises Player Concentration

September 10th, 2014

Ally McCoist has praised the concentration of his players after they managed to come back from two goals down against Queen of South to win the match 4-2. The match was made even more tougher for the home team because there were plenty of chants from the fans against the Rangers board after the latest financial results revealed more trouble for the club. After several years of struggle, Rangers are slowly coming back closer to the Scottish Premier League. However, the club does not appear to be healthy even after administration and several reforms.

It is understood that Rangers will suffer a default if they fail to come up with £ 4 million through a share issue. If this default takes place, the club could be heading for another administration and potential points deduction. Even though this would not place the club at the immediate threat of relegation from the Scottish second division, McCoist has been given the task of getting the club back to the Premier League as soon as possible. Amidst such difficult circumstances, Rangers managed to get a 4-2 win and were also required to come back twice in the match.

Such attitude from the players pleased manager McCoist, who remains said that the club will be able to get behind the financial problems.

“I have to say I congratulate my players for the last two or three years. If they have wanted an excuse or to look over their shoulders for an issue or two that’s been happening around the club or involving the club, there’s been massive opportunity for them to do that. They haven’t done it. They are a fantastic squad of boys – they really are. I do salute them for concentrating their efforts 100 per cent on getting the job done which is winning games and hopefully entertaining the support at the same time,” said McCoist.

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August 28th, 2014

Video clip Score: five / 5

Diaporama 1972 (24.05) Glasgow Rangers (Scotland) – Dynamo (Moscow USSR) – 3-2 Final Cup Winners Cup

July 31st, 2014

Movie Ranking: / five

Glasgow Rangers Song – Absent Friends, Abide With Me 66 Fans Who Never came Home

July 2nd, 2014

Movie Score: four / 5

Rangers linked with former Blackburn striker

July 1st, 2014

David Goodwillie is being chased Scottish giants Rangers and Kilmarnock Rovers after he was releadsed by Blackburn Rovers at the end of last season.

The striker joined Rovers while they were still in the Premier League in August 2011 for a fee of £ 3 million but he failed to make any kind of impact at the club and has turned out to be a very expensive flop for the Lancashire club.

During his stay at Ewood Park, Goodwillie made just 34 appearances, of which only 10 were starts and he scored just five goals in his time at the club.

Rovers had subsequently loaned him out several times and he spent loan spells with Blackpool, Dundee United in Scotland as well as Crystal Palace.

It was during that spell with Dundee United that the Scotsman was first notice by Rangers and now, the fallen giants want to make a move for him and bring him to Ibrox to solve their striker crisis as they look for their third successive promotion.

Blackburn Rovers recently released a statement confirming the departure of the player, announcing his contract was terminated by mutual consent.

And this news fuelled rumors that the Scotland striker could be making his way home again with a move to the Royal Blues being mooted and there have been reports about formal talks taking place between the two parties as well.

Along with Rangers, he has also recently been linked with a move to Kilmarnock Rovers as they look to find a replacement for Kris Boyd who has also seen his name linked with a move to the Gers and Aberdeen in the Scottish Premier League.

However, it is expected Goodwillie will join the Ibrox club – his boyhood club – and form a strike partnership with Kenny Miller for the team.

GLASGOW RANGERS LARKHALL STEREO

June 4th, 2014

Video Score: 4 / 5

Rangers In Financial Trouble

May 28th, 2014

After managing to seal the League One title with several games to spare, Rangers have already started looking at dominating the Scottish championship next season. Promotion almost immediately next campaign will ensure the return to the Premier league at the earliest. Many doubted such a revival from Rangers after the club were demoted to the third division of Scottish football. It has largely been possible because of the transfer policy. Manager Ally McCoist says that he is not prepared to rest on this season’s laurels and the club are planning to invest in the summer.

It will not be easy given that Rangers posted a loss of £ 3.5 million for the season that just concluded. They have had to borrow £ 1.5 million in order to handle the costs till the end of the season. Considering the amount of criticism that the club has been subjected due to the wake of their financial difficulties, it remains to be seen if McCoist will be handed the funds to bring in new players in the summer. He will be aware that the championship will be much difficult with the current crop of players.

Even though Rangers brought in as much as nine players during the last summer, it will be difficult for them to recreate the same number in the summer.

“Operating costs had been running at a rate that could not be sustained by the revenue being generated by the club. For example, in the period under review, nine players were signed at a time when the club already had the second highest wage bill in Scottish football whilst playing in the third tier,” said chairman David Somers.

“We brought players in last year that’s obviously evident. We’ve won the league, are in the final of the Ramsdens Cup, in the semi-finals of the Scottish Cup and I don’t think we would have achieved that without those players,” said McCoist in response.