Rangers Issue Second Share Lot in Under Two Years
Rangers have once again issued new shares, marking their second such move in under two years.
Back in April 2023, the club released 7.7 million new shares at a price of 25 pence each. Prior to that, a share issue in January 2022 brought in £14.25 million in fresh investment.
The financial disparity with Celtic has long been a challenge for Rangers, impacting their ability to compete at the highest level after years of falling short. Even as recently as January, manager Philippe Clement acknowledged this issue while looking to bolster his squad, emphasizing that financial decisions were ultimately in the hands of the board.
Despite those concerns, Rangers made just one signing during the winter window, bringing in Rafael Fernandes on loan from Lille. As a result, any injection of new investment ahead of the summer transfer window would be a welcome boost—and it appears to be on its way.
Rangers Release New Shares
Documents filed with Companies House reveal that Rangers’ leadership has issued new shares initially thought to be worth up to £18 million.
Financial analyst Kieran Maguire highlighted the development on social media, simply stating: “Rangers issue £18m of new shares.”
The paperwork indicated that 18 million shares had been allocated, with an initial assumption that they were valued at £18 million. However, Maguire later clarified that these shares were actually sold at 20 pence each, meaning the club raised £3.6 million in total.
The shares were allotted between December 20, 2024, and February 23, 2025.
Rangers Fans React to Share Issue
Supporters greeted the news positively while also anticipating skepticism from rival fans. Initial confusion over the exact figures led to a mix of excitement and skepticism.
One fan quipped: “What does Wee Tam from Easterhouse have to say about this?”
Another joked: “Good luck with your notifications today.”
One fan sarcastically commented: “You better turn those notifications off—the financial experts will be flooding in any minute.”
Some saw the development as a sign of financial strength, with one supporter claiming: “Loaded. New manager incoming.”
Another, however, questioned the figures: “Someone has paid £1 per share? Is that right? Are we f—— loaded again?”
Concerns over possible errors in the paperwork also surfaced. One fan speculated: “Either someone’s lost their mind and paid £1 per share, or we’ve made a massive mistake on the form—and I’m 99.999999% sure it’s the latter.”
Another added: “This doesn’t look right. Either the board decided to pay five times the previous share price, they found a new investor willing to do so, or someone has simply filled out the form incorrectly. The last option seems most likely.”
While the share issue has sparked debate, it ultimately provides Rangers with a much-needed financial boost as they look ahead to the summer transfer window.
