JOHN BENNETT insists Rangers won't look to sell off their title-winning stars in order to repay the loans provided by a handful of Ibrox investors this summer.
Rangers have benefitted from the financial backing of a series of individuals - including deputy chairman Bennett - in recent years as their cash has funded the Light Blues' rebuilding job.
Steven Gerrard's side clinched a 55th Premiership title last term and are now gearing up for a crack at the Champions League and the defence of their top flight crown in the coming months.
Rangers' efforts domestically and in the Europa League could spark interest in a number of Gerrard's key stars - including the likes of Borna Barisic, Glen Kamara, Ryan Kent and Alfredo Morelos - this summer.
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There will come a point where players must be moved on to help balance the books but Bennett insists Rangers' money men won't look to personally benefit from those multi-million pound sales.
Speaking to Kieran Maguire on the Price of Football Podcast, he said: "The short answer is no. Utterly not.
Rangers deputy chairman John Bennett confirms there will be no player sales to repay loans. Full show will go live Thursday morning (made with @headlinervideo) pic.twitter.com/85ZLeZyyYD
— PriceOfFootball (@KieranMaguire) June 9, 2021
"Our whole model, our whole planning - no. No player sales to repay our loan, including mine.
"Absolutely not. Not part of the plan, not going to happen.
"That’s the equity capital and this issue is an issue of permanent equity capital.
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"And that’s what if you look at what we’ve done as director investors and known director investors in the six years, what have we done?
"We have steadfastly and consistently re-equitised the business. We’ve gone to shareholders at each AGM and asked for permission to issue shares.
"Whilst we've contributed soft loans, we then once we we’ve got the the shareholders permission, we’ve equitised the soft loans, we’ve converted the soft loans into permanent equity capital.
"Any business must stand on permanent capital first and foremost, that’s the equity."
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