“I Can Confirm” – Finance Expert Provides New Update on Rangers Shares and Sale Price

A finance expert shared a document from Companies House on X, revealing that the club had issued new shares worth £18 million.

These shares were classified as “ordinary” and were officially received for filing on 18 February.

Rangers Shares Priced at 20p Each

After disclosing the issuance of £18 million in shares, financial analyst Kieran Maguire provided further clarification.

Drawing on his expertise in football finance, he confirmed that each share was sold at 20p.

In a post on X, he stated: “I can confirm the shares were sold for 20p each.”

This suggests that 18 million shares were issued, but the actual revenue generated from them amounted to just £3.6 million.

It remains unclear whether these shares represent fresh investment into the club or a conversion of debt equity.

Patrick Stewart Faces a Major Challenge

Patrick Stewart has a daunting task ahead in addressing the issues behind the scenes at Ibrox.

Although he has been in the role of CEO for two months, fans are already questioning whether he is the right person for the job.

The club is struggling both on and off the pitch, and many supporters expected him to part ways with manager Philippe Clement.

However, despite the financial ability to terminate Clement’s contract, Stewart has chosen to stand by the Belgian.

Beyond managerial decisions, he also needs to focus on stabilizing the club’s financial situation.

While he may not be directly responsible, it is crucial that every possible measure is taken to boost revenue streams.

The league table highlights the performance gap between Rangers and their rivals Celtic, but the disparity extends beyond footballing matters. Off the pitch, the gap is even more significant.

While Celtic’s leadership has a clear vision for progress, Rangers’ decision-makers seem to be constantly playing catch-up.