This piece offers a critical view of the discussions surrounding potential investment in Rangers Football Club, commonly referred to as “Ibrox” due to the stadium name. The article highlights that despite numerous claims and speculations about incoming investment over the years, the club has yet to secure the kind of financial backing that would make a meaningful impact.
The author references the period following the financial collapse of the original Rangers and the subsequent formation of a new club in 2012, pointing out that talk of investment has persisted but with little result. The commentary reflects skepticism, particularly about recent comments from John Gilligan, the newly appointed chairman, and Tom English, a prominent sports journalist.
Mike Ashley’s involvement in the club is brought up, with the author arguing that Ashley, a successful businessman, was one of the few figures who could have stabilized the club financially, but his more cautious, business-oriented approach was rejected by fans and the board. This contrasts with the “spend your way to success” mentality that has characterized Rangers’ approach to football.
The author also addresses the unrealistic expectation that wealthy investors will simply inject massive sums of money into the club without expecting a significant return on investment. The days of easy financial bailouts in football are over, largely due to UEFA’s financial regulations, and any serious investor would likely be deterred by the club’s current financial instability.
In conclusion, the piece conveys doubt that Rangers will see the kind of transformative investment discussed in the media, painting a picture of a club trapped in a cycle of poor financial decisions and unrealistic expectations. The suggestion is that unless the club changes its approach, it may continue to struggle both financially and competitively.
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