Rangers Announce £16m Share Issue for Transfers

Rangers Football Club has announced a £16 million share issue to bolster its summer transfer budget, providing manager Danny Rohl with resources to strengthen the squad regardless of the outcome in the ongoing Premiership title race. The injection, primarily from existing major shareholders including the American-led consortium that took control of the club last May, brings the total capital invested since the takeover to £36 million.

In a detailed open letter to supporters, chairman Andrew Cavenagh outlined the financial strategy amid rising operational costs. He noted that expenses such as player wages, agent fees, security, and food services are increasing faster than inflation. To maintain investment in the first team, the club will raise adult season ticket prices by 6.5 percent for the 2026-27 campaign, while keeping juvenile tickets unchanged. "We do not take ticket prices and increases for granted," Cavenagh wrote. "We recognise the exceptional commitment supporters make to the club in the form of ticket purchases." He emphasized that the club is not relying solely on fans, stating, "We are raising £16m of additional capital through a new share issue, effective...