John Gilligan, the manager of Rangers, affirmed that Julian Wolhardt, a Danish investor, has not borrowed £10 million.
At the club’s AGM on December 5, the temporary chairman was questioned about the upcoming behind-the-scenes restructure.
Gilligan said that the six-figure loss from Hampden’s spending will be included in the calculations for the upcoming season.
Colin from the Heart and Hand podcast posted on X: “We need the manager to acquire the most resources now, Sam Carson. Could you confirm whether Julian’s £10 million debt is included in the restructuring loans?
It’s not ten million pounds. We will consider refinancing his current loans as part of the restructuring. They will be included in the refinance and will not be reimbursed.
Sam wanted to know how much going to Hampden would cost. The chairman attested that it was six figures and will appear in the accounts for the next year.
Rangers supporters must keep calling for responsibility.
The lack of information from the club surrounding financial matters, such as the terms of Julian Wolhardt’s loan and the cost impact of playing at Hampden, is typical of recurring issues with openness at the club.
Fans are legitimately looking for in-depth answers to comprehend the club’s financial situation and strategic orientation, as seen by the questions they asked during the AGM and the conversations that followed on social media.
In addition to fostering mistrust, this opacity makes it difficult for the supporters to participate positively in the club’s destiny.
The Ibrox supporters must not give up on their demands for openness.
Rangers’ decision-makers can only be held responsible by persistently probing them, which could promote an open culture and result in the essential changes and advancements in club governance.
The reforms required for a more open and inclusive club management may eventually be brought about by sustained pressure from the fan base.
