ITK Ibrox fan reveals that latest share issue opens the way for Beale’s £25m transfer war-chest boost

There are a couple of Ibrox fans questioning why their club, recently reassured by BBC Scotland that all is hunky dory, has announced a third share issue in 11 weeks.

Yesterday an announcement to Companies House revealed that shares had been issued to John Bennett and George Taylor in return for £750,000.

Having performed a similar operation on April 3 it seems that recently there was an unexpected bill to be paid, most could have delayed until the Season Ticket money comes in but based on previous experiences HMRC wouldn’t look favourably on any excuses or delaying tactics.

According to the mainstream, led by Kenny Macintyre and Tom English all is healthy at Ibrox on the back of reaching the Europa League Final and Champions League group stage. With significant transfer fees for Nathan Patterson, Joe Aribo and Calvin Bassey turnover certainly peaked during the 2022 calendar year.

Repaying previous loans and Ross Wilson’s summer spending spree appears to have emptied the kitty despite Micky Beale being promised an unrestricted summer transfer budget.

If three share issues in 11 weeks had taken place at any other Scottish club supporters would be demanding answers and trying to find out what is going on, at Ibrox they tend to think a bit differently with one fan flipping the latest share issue into a scheme to provide Beale with the funds to crush Selik.

None of the capital schemed above would require £750,000 just 15 days after the last share issue. After waving goodbye to tens of millions with the last company it is unlikely that HMRC will have any sympathy to sob stories from Ibrox to delay passing on money deducted from salaries for Income Tax and National Insurance.