Rangers’ Transfer Strategy on Hold as Mulligan and Černý Engage in Talks; Bajrami Makes £120 Million Offer
Rangers Football Club’s summer transfer activity has hit a temporary pause as the club navigates a series of high-level negotiations involving key stakeholders. Sources close to Ibrox reveal that chairman Douglas Mulligan and influential investor Jakub Černý are currently locked in intense talks over the strategic direction of the club, particularly relating to its summer recruitment plans and long-term financial structure.
The delay comes just as Albanian businessman Arben Bajrami submitted a headline-grabbing offer of £120 million to invest in the club, following weeks of speculation about his growing interest in Scottish football. Bajrami, who previously pledged to elevate a European club into Champions League contention within five years, appears serious about turning Rangers into a continental force once again.
Despite the generous terms of Bajrami’s proposed offer—which reportedly includes stadium redevelopment and significant funds earmarked for player acquisitions—Mulligan and Černý have not yet reached a consensus on whether to accept the terms. While Mulligan is understood to be cautiously optimistic about welcoming Bajrami’s backing, Černý is believed to harbor reservations about the long-term implications of ceding partial control to an external investor.
Club insiders suggest that Černý is particularly concerned about preserving Rangers’ independence and ensuring any financial injection aligns with UEFA’s Financial Fair Play (FFP) regulations. The Czech financier, who holds substantial influence behind the scenes, has long advocated for sustainable growth over aggressive spending, a view not universally shared among the board.
Meanwhile, manager Philippe Clement has been left in limbo, with several planned transfer targets now on standby as the club’s hierarchy hashes out the details of its summer budget. Rangers had been linked with moves for Belgian winger Nicolas Raskin’s former teammate, a Scandinavian striker, and a Premier League loanee, but no deals are expected to be finalized until internal matters are resolved.
Supporters have expressed frustration at the lack of transfer movement, especially after arch-rivals Celtic secured two early signings. However, Mulligan has urged patience, stating in a brief club communication that “all decisions will be made in the best long-term interest of Rangers Football Club.”
With preseason looming and Champions League qualifiers fast approaching, the outcome of the ongoing discussions could shape not only Rangers’ summer window but also the club’s competitive outlook for years to come.