Douglas Park has claimed that the £10m funding gap at Ibrox has been filled by existing investors.
In November at their AGM the issue was revealed with Dave King giving an emotional address announcing that he would be stepping down as chairman.
No players were sold during the January transfer window with King walking away in March unable to bring in the missing millions.
Various share issues have been held to repay directors for the millions of debt accumulated since King took charge in 2015 with Park, interim chairman since King departed, revealing that the £10m has been raised.
In a Q and A with himself on the club website Park explained:
20: The fact that the business model in the Scottish game renders the English route of behind-closed-doors games not viable means the club could be without important tranches of income for up to nine months. The last Rangers accounts said an additional £10m would be required to cover the season. How will Rangers meet their financial obligations in this unprecedented situation?
The funding gap referred to has already been filled by existing investors
21: How close were you to fresh investment from Stuart Gibson before the pandemic struck and how confident are you that it will still be in place when we return?
All of the potential new investors remain fully engaged and we will be in a position to announce something in the next couple of months.
Previous investments in the club, effectively converting loans and losses into shares, have been announced by the club.
In order to comply with UEFA Financial Fair Play regulations clubs are required to provide the SFA with Interim Accounts upto 31 December.
March 31 is the usual deadline for Interim Accounts to be submitted, in previous seasons the Ibrox club has published their Interims but nothing has been announced this season.
