Aberdeen’s former chief executive, Keith Wyness, has suggested that Rangers could be acquired for an initial amount as low as £100 million. In a recent discussion on the Football Insider’s Inside Track podcast, Wyness, who has held top positions at Everton and Aston Villa and now operates a football consultancy, described Rangers as a highly appealing opportunity amidst ongoing speculation about new investment in the club.
Recent reports from City AM (August 27) indicate that American investors are expressing interest in Rangers, with the club’s valuation estimated at around £150 million. Some current shareholders are reportedly open to selling their stakes. Despite this, Wyness believes that a purchase could be made for a lower sum, possibly starting at £100 million with additional performance-based bonuses.
Wyness emphasized the need for a professional group to undertake a comprehensive overhaul at Ibrox. He commented on the situation during the podcast, noting, “There are two US groups being discussed. One has dismissed the idea, while the other remains a possibility. Rangers are in need of a major rebuild due to their recent poor performance and a new ownership group could play a crucial role in this.”
Wyness drew a comparison with Bournemouth, which was sold for between £125 million and £230 million. He argued that, given Rangers’ larger global profile, a deal could be struck at around £150 million. He suggested that an initial offer of £100 million or £120 million, supplemented with performance-related bonuses, could be a feasible approach.
In summary, Rangers stand out as an attractive prospect for potential buyers, and Wyness believes that a strategic acquisition could be highly beneficial for the club’s future.