Rangers release share opportunity to raise £16m towards transfer budget

Martin Macdonald

• 26 Mar 2026 12:30 CDT
• 3 min read

News

Rangers hope to raise £16 million to invest in first-team squad recruitment after new share opportunities were released this week.

The club have also announced that season ticket prices will rise by 6.5%, as the Scottish giants strive to overcome Hearts at the top of the table, with Celtic also involved in the title race in third.

Club chairman Andrew Cavenagh has confirmed the money gained from the share issue will "support player acquisitions and other club needs."

Since Cavanagh and the consortium backed by the 49ers took over Rangers in the summer of 2025, £35m has been invested in the squad, with more to come, it seems.

"Increasing the revenue and capital is only part of the path to allocating more resources to the men's first team," Cavenagh said in a statement to supporters.

"If we are going to ask supporters to pay more for tickets, we have an obligation to spend those funds wisely.

"We have shrunk the size and cost of the executive team. We are systematically reviewing every part of the club, looking for ways to be more efficient, thus enabling a greater share of the resources to go to the men's first team.

"The costs to run the club - player wages, agents' fees, security, food and beverage - are all rising faster than the overall rate of inflation.

"We either need the club's revenues to keep pace, or we need to decrease the money spent on the squad. We don't believe this is the time to decrease the player and football budget; in fact, we think the opposite."

The American also confirmed that Rangers will not look to replace previous sporting director Kevin Thelwell, who left his position in November.

"We do not plan to hire a sporting director. The executive team is committed to being smaller, nimbler, and more entrepreneurial," he said.

"We want an executive team willing to get its fingernails dirty. If there is a hole to be dug, we want people fighting over shovels. We want fewer consulting firms and less bureaucracy."

Rangers summer plans

The Gers splashed out around £25 million (€30m) in the summer of 2025 to little effect, and while some of that damage was undone in January, there remains a sense that Rangers’ squad needs an overhaul.

Manager Danny Rohl has made his first important transfer decision ahead of the next summer window opening, with Findlay Curtis set to be retained by the Gers, despite being loaned out to Kilmarnock in January.

Curtis’ transfer came as something of a surprise given the impact that he had made on Rangers’ first team when called upon this season.

The 19-year-old scored three goals in 21 appearances for the Gers in the first half of the season, memorably getting the opener in a 2-0 Champions League qualifying game against Panathinaikos.

Despite these efforts, he struggled for game time at Ibrox, amassing only 596 total minutes, despite regularly making bright cameos.

He has retained such form under Neil McCann at Kilmarnock, scoring one goal and creating another in seven appearances, and has been rewarded for his efforts with a call-up to Steve Clarke’s Scotland squad to face Japan and the Ivory Coast in friendly matches in the next week.

Rangers plan to retain Curtis in their first-team squad next season, allowing Rohl to concentrate what transfer funds are made available to him in other areas of the team.

“I think the long-term plan is for Curtis to go back to Ibrox in the summer and fight for his place in Danny Rohl’s plans next season,” transfer insider Pete O’Rourke claims on FootballInsider.

“It was a case of Rangers just sending him out on loan so he could get regular first-team games and gain more experience, ready to come back next season and really challenge for a place in that starting XI.”

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