Rangers managing director Stewart Robertson has confirmed that the Gers have already secured the £7.5m shortfall which was outlined in the club’s financial results as he takes aim at the SPFL.
The Gers announced a £23.5m loss from last season and the figures have been tiresomely poured over by rivals and the press in a way which suggests Rangers are under immense financial pressure.
Part of this involves the notion Rangers have to sell – especially before they buy – but this has also been rejected by Robertson at the club’s latest AGM.
Speaking to fans, Robertson took aim at this reporting in the press and claimed the Ibrox club are close to “financial stability”.
“We don’t need to sell a player despite what you read in the press. We are close to financial stability,” said Robertson [Glasgow Times].
“I think Gio has been very clear in that in terms of our discussions but also we as a club have been really clear in that.
“There is no mandate to the manager that we have to sell players. We have been really, really clear as a club in our communication that we see player trading as something that has to be normal for this club – as it is for nearly ever club in world football.
“We’ve not been strong in that in the past, that’s been clear to see but the investors have continued to back this club all the time.
“We’ve rejected, as everybody knows, some significant offers for some of our players in the last two windows and we’ll do so again unless they are the right offers for the right players at the right time.
“But if we accept any offers then what we’ll definitely be doing is reinvesting back in this squad to keep taking us forward.
“I think when I speak to Douglas Park and John Bennett one of the things that we always say is we’ve had to invest a lot in this club, or the guys have had to invest a lot in this club to get it back to the club that we all know it has to be and we’re on a really good level today.
“But we have been really clear in what our strategy is and what it needs to be going forward but there is no requirement on the manager to have to sell anyone.”
Stewart Robertson also talks SPFL at Rangers AGM
Suggestions Rangers have to sell weren’t the only things Robertson took aim at either, as the Rangers managing director also responded to questions regarding the SPFL.
Robertson has been an outspoken opponent of the way the current Scottish footballing authorities are run and reiterated that he believes the game in Scotland is being undersold.
However, Robertson insists that whilst disputes continue – and an independent report into the SPFL is commissioned – Rangers will focus on maximising their own revenue streams.
“My views are well known on how the game is run,” said Robertson [Glasgow Times].
“I have made it well known for the last 18 months and beyond. It has not changed any.
“I have been on the SPFL board since July. I get a hard time when I go to the board meetings and speak about this and it should be ‘if you have got any issues deal with it in the board meetings’.
“I think it is important that we keep trying to be the best that we can be. We are trying to do that as a football club and we need the authorities to be the best that we can be to assist us.
“Look at what we have done for the co-efficient over the last four years. And look at the situation we have got ongoing just now, there is the obvious one that I am not going to name in terms of sponsorship.
“I just think things could be done a lot better, more efficiently and with better governance.
“There is the five club review that is going on with Deloitte. I haven’t seen the draft report of that yet, hopefully we will see it shortly, and see if there are ways of increasing the revenues.
“We have taken the view that we will just get on and try and grow our own revenues to the best extent we can with the team that we have got here.
“I think we are doing a good job of that. We are on the cusp of financial sustainability.
“We will look after ourselves and if the other bit comes, then fine. I think we have learned over the last few years just to get the head down, focus on Rangers and make Rangers the best.”
Meanwhile, Rangers have announced a backroom staff reshuffle as a highly-rated young coach prepares to join the club.