Rangers need as much money as they can get in the coming months, and now it has been confirmed that former Bayern Munich boss Felix Magath has bought £200,000 worth of shares in the club, which is around 1%.
Magath, 61, has been out of football since being sacked as manager of Championship side Fulham, having been unable to turn around their fortunes after being relegated at the end of last season, and has announced that he has spent time in Glasgow amid talk of him buying shares.
"To my equity commitment, I am saying nothing. This is a private matter," said Magath. "I’ve spent the Christmas holidays in London and have actually visited someone in Glasgow, that’s correct."
The German is seemingly looking to get back into football, but not in a management role - instead, it's being reported that Magath could become the new technical director at Ibrox.
Magath has reportedly put forward a new plan for the structure of the club in a bid to reclaim their former glories, and it involves following a more European model.
Magath allegedly wants to overhaul the coaching staff and scouting department at the club, and assume responsibilities for recruiting and developing players.
A new head coach is seemingly on the way in after the departure of Ally McCoist in December, and any new boss would decide incoming players alongside Magath if the plan was to go ahead.
It's an interesting development in the story of Rangers, and if Magath can help restore the success of the club, fans will be supportive - even after his terrible spell with Fulham.