Friday 27 March 2015 17:48, UK
Rangers chairman Paul Murray says the new regime at the club is fully focused on improving matters on the pitch.
The new board ousted David Somers, James Easdale, Derek Llambias and Barry Leach to take control in early March and have since secured a £1.5m loan from Three Bears investors Douglas Park, George Taylor and George Letham in order to buy breathing space to shape plans for the future.
Murray told RangersTV: "With any plan you have to separate it into short, medium and long-term.
"The short-term has been about stabilising the club's finances and we did that on Monday with the announcement of the £1.5m loan and there will be further investment in the club in the short-term as well.
"We are currently piecing through the figures so we understand exactly what the club's financial obligations are.
"What is more important is the medium to long-term and we have already started that process looking at the plans for next season and even beyond next season.
"This is a football club and the most important thing is what happens on the pitch, the first team drives everything in the club.
"If they are playing well and are successful then that drives all the other commercial activity. So really the focus has to be investing to support the first team.
What is more important is the medium to long-term and we have already started that process looking at the plans for next season and even beyond next season.
"We did say what the level of investment would probably be and we agree with Graham Wallace when he said there would probably have to be £20m put in over three years.
"We are still working through timescales for our investment and it will take that amount of money to return the club to a competitive level in the Premiership and in Europe.
"With regard to the phasing of that investment you have to separate it into short, medium and long-term investment and that is what we're doing.
"To respect the processes of the SFA, Dave will not be investing until we have him cleared by the SFA.
"I think one of the problems that Sports Direct and Mike Ashley had is that they went ahead and actually made investments when they hadn't had a pre-clearance from the SFA - we don't want to get into that position again.
"We want to be responsible and respectful of their processes and work with the SFA to hopefully clear the board member that we have here and that will enable us to move forward."
