Rangers looking for investors to make up for losses

According to the Scottish newspaper 'The Herald', Rangers are looking for a new investor to help mitigate the club's losses this season.

The clubs' financers estimate that the Scottish outfit have 13 million euros worth of losses. That is why according to the aforementioned source, the 'Gers' will need some external investment of at least 11.6 million.

The club is currently receiving a hefty amount for playing in the Europa League group stages, 16.6 million to be precise, but it doesn't seem enough to mitigate all the expenses predicted this season.

Rangers are currently playing at a high level and seem to have recovered the prestige that they lost when they went into administration. That is why it won't be difficult to find investment.