Rangers tell Russell Martin exactly how much of £20m US investment will be in his transfer budget
The 49ers vowed to inject an initial £20m cash into the Ibrox coffers and the new boss has learned how much he will get
Patrick Stewart has promised Russell Martin he'll be handed a significant chunk of the £20million set to be injected by Rangers' new American owners.
Andrew Cavenagh and his partners from the San Francisco 49ers completed their £75million takeover last week and immediately announced plans to plough another substantial eight-figure sum into the Gers coffers.
That will take place when a share issue, underwritten by the US consortium, is launched on June 23.
But plans on how the cash will be used are already being drawn up and Martin has been assured he'll get plenty to spend.
Chief exec Stewart said: 'It's very public knowledge about the primary investment coming in. And obviously, that's going to be approved.
'It's going to be put up for approval on the 23rd of June at the EGM. So we're in discussions and have been in discussions with new ownership about how best to utilise that investment.
"Player trading is a key part of the club's model going forward.
'So a decent portion will be allocated towards player trading, but we're not going to get into specific amounts just now.'
It's been a busy week for the Ibrox hierarchy. Friday's takeover was followed on Monday by the news that new sporting director Kevin Thelwell had official taken up his post.
The appointment of Martin now completes the first stage of this summer's rebuild.
And Stewart - responding to criticism of the four-month wait to hire Philippe Clemen t's permanent replacement - added: 'Clearly the appointment of a head coach is a very significant step for the club.
"As I say, it's the culmination of several key steps that have been taking place over the last few months. We've been really focused on doing things in the right order.
'We've got experts making decisions rather than doing things out of sequence and rushing things through and possibly making the wrong choices.
'We've been really disciplined in terms of our process and it's the first time we've spoken face-to-face. There's been a lot of work going on in the background.'
Martin has fought off competition from Davide Ancelotti to land the top job at Ibrox.
The club worked it's way through a list of contenders to name the former Southampton coach as the club's 20th boss, with the likes of Steven Gerrard, Brian Priske and Francesco Farioli among the others quoted as being in the running.
But Stewart insists Martin was always their top pick.
'I'm really delighted to be introducing Russell to you as the new head coach of Rangers Football Club,' he said. 'Russell's appointment is the culmination of a series of steps we've been working on over the past few months since I joined Rangers.
'We started with the football review, which I spoke to the media about in January. This led to several insights and recommendations, including the need to modernise our operations and develop a clear footballing identity.
'Then the next step was to appoint a sporting director and Kevin, of course, was appointed in April and came into the building just this week. We also have been developing a clear football style and identity and that's work that's been going on behind the scenes.
"It's been led by Kevin and it's involved football people.
'As I say, we've now culminated in appointing Russell and in Russell we've got a head coach who aligns to the footballing style and identity that we've been developing.
'In addition to wanting a head coach who's going to excel in terms of the style that we're looking to play as a club, we also were looking for a head coach that's going to improve our culture, develop our squad and ultimately win matches. And Russell's been a standout candidate.
'This appointment is about building a winning team and a strong culture. Now, Russell's no stranger to our club, as you know, he's been a player here previously and we expect success and Russell knows that. We're really, really excited for his leadership and for him to get started.'
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