It’s the third time this year already that shares in Rangers International Football Club have been alotted, with 4mililon issued in February, raising around £1m and 7.7million in March, raising just short of £2m.
It brings the total share capital in RIFC to 447,248,285 shares, with the share position of new chairman John Bennett and ‘Three Bears’ investor George Taylor both strengthened by the move.
Bennett now owns 5.51% of the club’s issued share capital, while Taylor owns 9.85%.
Dave King’s New Oasis Asset Limited group remains the biggest single shareholder with 14.12% – with former chairman and director Douglas Park next at 11.74%.
The Ibrox side are planning a big summer of incomings AND outgoings as they look to refurbish their squad under Michael Beale.
The news came as football finance expert Kieran Maguire insisted there ISN’T such a huge gap in the wage bills of Rangers and Celtic.
He told the BBC Scottish Football Podcast: “There was only a £4million difference in the 2022 accounts but my understanding is that Rangers’ wage bill was heavily incentivised towards achieving success in getting to the Europa League Final as well as winning the Premiership.
“There were some advantages that the club has had in the past couple of years which have accelerated the wage bill.
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