A mystery investor has been named after recent speculation that someone was willing to invest in Rangers to help with the medium to short-term financial woes.
For a few weeks there have been rumours of a “mystery” investor who was willing to fund Rangers to the tune of over £20-million. That sort of investment would help keep the club afloat in the short to medium timeframe.
After the novel coronavirus has suspended the Scottish Premiership League, Rangers have been floundering and are need of cash. Even prior to the suspension of football, Rangers were in dire straits when it came to their financials.
Now, according to Keith Jackson, a journalist for the Daily Record, the identity of the investor has been revealed. The mystery man is Stuart Gibson, a man born in Scotland, but has amassed his fortune working as a businessman in Asia, more specifically Japan. His focus has been on real estate through his company ESR.
In his column in the Daily Record, Keith Jackson gives a few more insights into the potential deal:
"“It’s understood Gibson is set to bankroll the club as part of a new £20m investment which will secure Rangers finances in the short to medium term.“But it’s anticipated Gibson will then go a stage further by buying up King’s shareholding – and becoming the key player behind the scenes.“A close source said: “Stuart is extremely excited about this opportunity because he’s been a massive Rangers supporter his whole life.“He met George Taylor as part of a business deal and it was during those discussions that the idea was planted. The talks became very serious form that moment and now it looks as if the deal could be announced very shortly.”"
This type of cash-infusion would give Rangers new life, especially after the suspension of football and the subsequent loss in revenue. The club will undoubtedly continue to look for more sources of cash, financial assistance and investments in the coming weeks.
In any case, no matter how much money investors want to pour into a sinking ship, one thing remains crystal clear: there is no stopping the Celtic ten-in-a-row.
They can try, but they will not succeed.