Rangers chairman Andrew Cavenagh has revealed a new £16m share issue to provide immediate cash for summer transfer activity and other club needs. The club also plans a 6.5% rise in adult season-ticket prices for next season.
Cavenagh said the club’s objective is long-term success delivered sustainably and that, after ten months in his role, the route to those goals is becoming clearer. He said overall resources must increase and more of that spending should be directed to the men’s first team, adding that the club is not looking to cut the football budget. The latest capital brings total investment over the past year to £36m, and Cavenagh stressed that supporters are not being asked to carry the burden alone.
On transfer targets, Sky Sports News understands Rangers hope to keep Tottenham loanee Mikey Moore. The 18-year-old has six league goals and two assists this season and expressed a desire to remain if it made sense for him and Spurs. Any permanent move would require Tottenham’s approval. Manager Danny Röhl is expected to strengthen his squad this summer, though transfer activity is likely to be more modest than last year’s window, which involved more than 25 arrivals and departures.
Cavenagh confirmed there are no current plans to replace former sporting director Kevin Thelwell. Jim Gillespie, appointed CEO this month, will be part of the restructured leadership, and Stig Inge Bjornebye, who joined as a football consultant in December, is expected to stay beyond the summer. The executive team has been slimmed down, with Fraser Thornton now an executive director; the club says it wants a smaller, more hands-on leadership group and fewer external consultants and layers of bureaucracy.
Rebuilding links with supporters, former players and staff is a priority, Cavenagh added, with the club keen that fans feel reflected in the organisation and that ties to its history are strengthened through both formal and informal measures.
Addressing crowd disorder at this month’s Scottish Cup Old Firm match at Ibrox, Cavenagh reiterated Rangers’ support for the independent review ordered by the Scottish FA, condemned the violence and property damage, and criticised those who dishonoured the memory of the 66 victims of the Ibrox disaster. Sky Sports News understands the club has held talks with Police Scotland to help ensure away supporters can attend the final league Old Firm fixture of the season.
Rangers have proposed a meeting of all Scottish Premiership clubs to discuss refereeing standards and VAR, a gathering that could take place in the coming weeks. Clubs are reportedly keen to cooperate; Rangers say they would consider investing more to support full-time referees or to add camera coverage at non-televised matches, but warned they might withdraw funding if the technology and officiating do not meet expected standards.