On Friday evening, Rangers set out the arrangements for the club’s 2020 AGM [Rangers.co.uk].
The details were provided alongside the Gers’ Annual Report for the year up to 30 June 2020, which showed a £15.9m loss as the club’s finances took a hit amid the global health crisis.
Following comments from chairman Douglas Park, it was confirmed that the AGM will be held virtually on Tuesday 15 December at 12 noon.
‘Due to the impact of Covid 19 and the Government guidance on social distancing and prohibiting gatherings, and to protect our staff and shareholders, the Company’s 2020 AGM will require to be a closed meeting’ [Rangers.co.uk].
‘This is regrettable, as your Board value the opportunity to interact with shareholders. To allow some interaction, we shall be streaming the event…and will be answering questions from shareholders.’
The club has requested that shareholders send their questions to [email protected] by Friday 11 December, while access to the event stream will be strictly shareholders only.
Many will no doubt be keen to delve further into what the figures provided in the Annual Report really mean for the club in both the short and long term.
However, while there’s an acknowledgement that eight-figure losses aren’t sustainable, plenty of supporters have already expressed their appreciation for the board of directors, who are committed to guiding the club to safety by providing loans to cover shortcomings.
Success on the pitch, particularly in European competition, is also key going forward, with millions of pounds in prize money on offer in the Europa League.
Rangers are currently in a strong position in their group and a win over Benfica at Ibrox on Thursday would move them a step closer to the Round of 32 and a substantial cash reward.