Official documents submitted to Companies House reveal that the club has issued 18 million new shares, each priced at 20 pence, culminating in a total raise of £3.6 million. This share allotment occurred between December 20 and January 23.
Initially, there was a clerical error in the filing, suggesting an implausible valuation of £18 million per share. However, a subsequent correction clarified the accurate pricing at 20 pence per share. The club has not yet specified whether this capital influx is derived from fresh investments or the conversion of existing loans into equity. Historically, Rangers have conducted similar share issues, typically at 25 pence per share, to manage financial obligations and operational costs.
In the financial year leading up to June 2024, Rangers reported a pre-tax loss exceeding £17 million, despite achieving a record income of £94.2 million during the same period. This financial maneuver aims to address the club’s ongoing fiscal challenges and sustain its competitive stature in Scottish and European football.
The club’s strategy underscores a commitment to financial stability and growth, ensuring that Rangers can continue to invest in talent acquisition, infrastructure, and other essential areas to maintain and enhance on-field performance.
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