Rangers chairman David King has promised to blow Hibs’ Championship title hopes apart by insisting the Ibrox club will spend “whatever it takes” to guarantee their return to the Scottish Premiership next season.
Like the Capital outfit, managerless Rangers face another 12 months in the second tier of Scottish football after their humiliating 6-1 play-off defeat by Motherwell, but now Light Blues chief King has promised to “over-invest” this summer in a bid to ensure his team reclaim their top-flight status, winning the title the only guaranteed route back.
However, whoever the new manager might be faces a mammoth task to rebuild a squad following the release of 11 players including skipper Lee McCulloch, Ian Black, Bilel Mohnsi, Kris Boyd and Jon Daly.
The South Africa-based business man – back in Glasgow to launch the club’s season-ticket drive – had previously stated it could take £30million to put the club back on an even keel with Old Firm rivals Celtic.
Appealing to Rangers fans to snap up season tickets to help fund the hoped for revival, King said: “I think we will need money now because we will need to beef up the squad.
“The immediate mandate for the manager who comes in is that he will need to get additional players in. So there will be a fairly substantial investment required in the next couple of months from me and the other investors.
“But if you want to look at the funding plan, it is to spend whatever it takes to win the Championship and have at least the nucleus of a squad to move up to the Premier League.”
King also stated that he has a five-man shortlist for the next manager of the Govan club.
“There are possibly five realistic candidates that might fit the bill. It is very important we balance the obvious urgency of making an appointment with the need to get it right.
“We need to make an appointment that sees us through for the next three years.”
He added: “The mandate to the manager is going to be, ‘do not get players who will help us win the Championship - get players that could compete in the Premier League’.”