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New loan Rangers man unmasked as billionaire American John Halsted in major cash injection talks
Director John Halsted has held talks about putting a major cash injection into Rangers.
The American billionaire, who specialises in equity investment, is looking at the possibility of putting much-need additional capital into the cash-strapped Ibrox club. The wealthy businessman has held detailed discussions with the Rangers board over a potential new investment.
Rangers chairman John Gilligan has previously said there is fresh investment set to come in from the current regime. Halsted, who is managing director of Pamplona Capital Management, looks to be the most likely option. It comes after the Ibrox side announced their annual figures and that included an alarming operating loss of £17.2 million. The club announced record revenues of £88.3 million but crippling operating costs have turned that into a loss.
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Manager Philippe Clement has had to offload a number of big earners to try and free up funds to rebuild his squad. Wyoming-based Halsted was confirmed on the board of RIFC earlier this year.
He first invested in the club, through his family’s holding company, Perron Investments, LLC back in 2021. He has not only put funds into the club but has also helped the board and provided assistance from a distance. Whisky tycoon Billy Walker, of the GlenAllachie Master Distiller, has also said he could be interested in investing in the Ibrox club.
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