Stuart Gibson, who recently paid £5m for an 8.27% stake in Glasgow Rangers, says that he plans on bringing more investment to Ibrox.
Gibson hints at more Rangers investment
The Gers recently raised £8m through the sale of shares, and Gibson was responsible for a large portion of that fee. He is the co-founder and co-CEO of ESR, a logistics platform that raised around £1.3billion in its Initial Public Offering to shareholders in Hong Kong last year.
Now, talking to The Glasgow Times, he hinted at being able to bring in investment from the Far East. He explained:
“If I think there is any angle that I can put to the club in terms of increasing their awareness or presence of Rangers in China, for example, because we are very Asia-centric, then I will do.
“If there is a way I can use my Asia background to bring investment or sponsorship, I would certainly put it to the board. I would do that now if the opportunity arises, either through sponsorship or potential investors.
“I would like to think I can help. When you look at the Premier League matches and you look at the hoardings all around the pitch, whether it is Man City, United, Chelsea, Liverpool, there is a lot of Chinese advertising and Chinese money in the Premier League.
“Rangers are as big a club as any of these guys, certainly when it comes to filling stadiums at the very least. I think they are a highly undervalued club in that regard, and I think some Chinese sponsors would get that undervalued status of the club.”
Rangers must be realistic – it is unlikely that they will ever rival the finances of the likes of those aforementioned Premier League giants. However, there are plenty of reasons why companies or individuals would be interested in adding the Gers to their portfolio. They are a prestigious club with fans all over the planet, and have a history of success.
Not only that, there are also in European competition nearly every season, and aren’t just there to make up the numbers, as they showed when they reached the Round of 16 in the Europa League last term. Some extra finances could even help them go even further.
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These are just comments so far from Gibson, but we would not surprised if he is able to find a number of interested parties in the future.
In other news, there has been an interesting development in the future of this 26-year-old Rangers target. Let us know what you think below!
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