Vice-President Jon Bennett says Rangers are ‘not hoarding’ Champions League money

Jon Bennett (right) says there have been investments on and off the field

Rangers are “not hoarding” Champions League cash, vice-chairman Jon Bennett insisted when he asked fans to give summer signings time to enjoy.

Bennett told Rangers TV that the club had “failed” to communicate with its fans.

This, he said, allowed others to speculate, “Where did the money go?” from the qualifying group stage.

“Rangers will not be sitting on piles and piles of cash as this year progresses,” Bennett said.

“Rangers continue to invest on and off the field and we will continue to invest because the bar is only going up.”

Bennett said the “unacceptable performances” in consecutive 4-0 defeats – against Celtic in the Scottish Premier League and Ajax in the Champions League – had led to justified and some less justified criticism of their summer recruitment.

“I learned a long time ago not to judge a new Rangers player in a matter of weeks,” he said.

Bennett noted that defender Calvin Basie received criticism early in his career at Ibrox only because the defender is Sold this summer for a club record £19.6m to Ajax.

Rangers have signed seven players in the summer transfer window and Bennett said midfielder Tom Lawrence in particular “knocked the floor” until he was injured and confirmed that left back Redvan Yilmaz was bought from Besiktas as a long-term project.

Bennett said that despite some questions about the new contracts of goalkeeper Alan McGregor and midfielders Stephen Davis and Scott Arfield, the three veterans played their part in improving the performance despite Napoli’s defeat last week.

The vice president agreed with Conor Goldson’s view that they are the strongest Rangers squad since the vice captain joined in 2018 and “I trust the judgment of manager” Giovanni van Bronckhorst.

Bennett recalls that when he joined the club over seven years ago, he considered it “the toughest challenge I’ve faced in my working life” as he “looked under the hood and thought ‘Oh my God, I knew it was bad but I didn’t know it was that bad'” .

However, it has been suggested that even those outside the club would agree that Rangers have performed well in just over two years to “win the league, win the Scottish Cup for the first time in many years; reach the Europa League final and qualify for the Champions League. Europe for the first time in many years.

“An American group approached us”

Bennett confirmed that a US investment group had approached Rangers about a possible takeover, but stressed that hearing from investors was not considered “unusual” for the club.

“We are politely listening to a number of proposals and it will happen again,” he told Rangers TV.

“It’s the right thing to do as well from a credit standpoint. We’ve given a lot of time to this situation and we’ve listened to it.

“But what was so much fun – from [shareholders] From John Halstead to Julian Waldhart, to our Board of Directors [said]: “Not at all interested in selling.”

Bennett added: “This is a board of directors and a group of investors who believe in ‘never again’ with respect to one individual or party that is the decision maker and owning the club.

The ownership of Rangers Football Club must rest on a number of shoulders.