According to Stephen McGowan, Rangers need the financial backing of a Texan billionaire or a Middle Eastern sovereign in order to catch up to Celtic.
Journalist McGowan responded to Graham Souness’s assertion that his former team needed to invest £50 million to equalize the playing field with Celtic in a piece published in the Daily Mail on September 12.
McGowan highlighted that the financial gap between the two sides is widening due to Celtic playing in the Champions League, and said Gers fans are looking to the US or Middle East for a potential saviour.
He wrote: “With [Rangers’] bitter rivals set to hoover up another £40m from participation in the Champions League, many now see a Middle Eastern sovereign or a Texan billionaire as their best hope.”
Rangers face a long road ahead in the bid to catch up with Celtic
The post-mortem of the Gers’ humiliating 3-0 defeat at Celtic Park in the new season’s first Old Firm was always set to throw up questions, and throwing £50m at the problems isn’t a long-term solution.
Throwing such an amount in Philippe Clement’s transfer kitty may work well in the short-term, and could deliver silverware almost immediately, but changes at Ibrox must be made from top to bottom.
Crucial appointments such as the club’s academy director and even their CEO are still yet to be made, months after the departures of Zeb Jacobs and James Bisgrove respectively.
An out-of-favour boardroom is doing itself no favours by delaying these appointments, with the prospect of US or Middle-Eastern investment now something which Gers fans will be dreaming of.
Although new ownership would help to breathe some life back into a club which has seemed rudderless for quite some time, the Ibrox faithful cannot expect the results to be immediate.
Many people believe that the Gers’ current struggles are the result of their inability to build on their 2021 championship, thus the greatest thing any new owners could do would be to spend £50 million ensuring the team has the best off-field infrastructure rather than bringing in a ton of new players.
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