'Have to be...' - Senior figure issues update on outside investment into Rangers

Rangers are open to outside investment but they have to be the right people, claims interim chairman John Gilligan.

The Gers chief held a press conference on 23 September and confirmed that the door is open for external money to be pumped into the coffers at Ibrox.

Gilligan was appointed by the club on a temporary basis after John Bennett had to step down due to ill health.

He said, as quoted by Heart and Hand on X: “We are open to investment (from outsiders ) as well. But they have to be the right people”.

Rangers definitely need to raise more money to go to the next level

Gilligan’s admission acknowledges the financial realities of modern football, where investment can significantly boost a club’s competitive edge.

However, the insistence on the right investors underscores a desire to maintain the club’s identity, culture and long-term stability.

Having the wrong people at the club could see them priortise things that are contrary to the core beliefs of the footballing institution.

This criteria ensures that any new investment aligns with the club’s values, avoiding the pitfalls of short-term gain at the expense of long-term health.

By seeking investors who understand and respect Rangers’ heritage and fanbase, Gilligan aims to prevent the kind of disruptive ownership that could alienate supporters or destabilize the club’s operations.

It’s evident that if the Gers are to reach the next level, they’ve got to raise money and this might be the right way to go about things.

In other Rangers news, an update has emerged on the club’s budget with a £54.5million revelation made.

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