After much media speculation, Glasgow Rangers have confirmed that they are in talks with potential parties to become the majority shareholders at the Ibrox club. Rangers, who are £31 million in debt, have been open to offers since October 2009, two months after Sir David Murray stepped down as chairman in August.
In addition to this, Manager Walter Smith hasn’t been able to bring in any new players since the start of the 08/09 season and stated last month that “things will only get worse” regarding Rangers‘ financial circumstances.
However, it seems the clubs money woes have not been affecting performances on the pitch. Rangers are currently 10 points clear of rivals Celtic at the top of the SPL with an extra game in hand. They’re also in the final of the Co-operative Insurance Cup and looking to reach the semi-finals of the Scottish Cup after hosting Dundee United at Ibrox this Sunday.
Therefore, the only positive Rangers fans can take from this is that their club have a good chance of sealing the Treble in a season that has been shadowed by the boards financial difficulties.
Emma Gibson
