Rangers might be scrapping for cash at the start of 2015, but former Bayern Munich manager Felix Magath is hoping he can bring some of his experience to the table after purchasing a one per cent stake in the club.
Although the team have performed relatively well on the pitch this season and will certainly be breathing down Hearts’ neck when the title race heats up towards the end of the season, things in the boardroom haven’t been so snug.
In fact, such has been the back-and-forth between members of the board and potential investors that former director and now 15% owner Dave King has considered calling a special meeting at Ibrox to resolve the situation. Although American businessman Robert Sarver has upped his bid to £20 million for control of the club, it’s Magath who has been the most vocal about his vision for the club.
Magath Invests in Rangers
After it was announced on Friday that Magath had bought a share in Rangers, the former Bayern and Fulham manager has been trying to steady the ship and reportedly wants to take up the role of technical director at the club. Although such a role wouldn’t start until the summer, Magath has been courting those looking to invest in the club (excluding Sarver) and could be one of the men calling the shots behind-the-scenes at the start of next season.
However, in which league Rangers will be competing during the 2015-2016 season remains to be seen. At present the club are sitting in second place in the Scottish Championship after a patchy run of form over the first 19 games. Although the team have managed to string 12 wins together, they’ve also racked up five losses, which has left them trailing Hearts by more than 10 points.
Rangers this Season
It seems as though the financial wrangling at Rangers will continue for many weeks to come. For anyone who has been around the football world for any length of time, they’ll know that controversies off the pitch often affect things on it.
Because of this, a speedy resolution to the conflict would certainly be helpful to the players on the pitch. Magath could be the man who helps rectify this situation and helps bring a much needed boost to the club in the coming months. Although it may be a little too late for Rangers’ promotion push this season, Magath could certainly help the club dominate the Championship next season and make a step back to their former glory.