Football finance expert Kieran Maguire has said fans should expect Glasgow Rangers to sell players this summer after news of a £14m funding hole emerged.
The Lowdown: Gers have £14m funding gap
It was recently revealed by The Athletic that the Gers have a £14m funding gap after £40m was invested into the playing squad in recent years.
As such, the Ibrox outfit must quickly find out how to fill that hole.
The Latest: Maguire makes transfer claim
Speaking to Football Insider, Maguire believes fans should expect players to be sold. He said:
“Over the next 12 months, you’d expect to see sales take place. But that should be the case for a big club such as Rangers.
“They have been building up their asset base and if you’ve got a big asset base then sometimes you have surplus assets which you can sell.
“That’s fairly standard in business. If we take a look at the Premier League, the club with the biggest sales in the past five or six seasons has been Chelsea, and you don’t think of Chelsea as being a selling club.
“Rangers have spent money under Steven Gerrard, no doubt about that. But the value of that £40m has generated assets that could generate cash.”
The Verdict: Sales will come
In recent years, the Gers have not made any major sales – they have sold just one player for over £1m in the past three campaigns (Transfermarkt). As such, they have been investing heavily in improving the squad rather than thinking of running a profitable and successful business.
Are you expecting sales this summer?
At some point, they will have to change their strategy, as Maguire has here suggested. With the likes of Alfredo Morelos and Ryan Kent valued over £10m and plenty of others said to be worth more than £5m, there is plenty of scope to attract funds. It remains to be seen whether any important players do leave Ibrox this summer, but we won’t be surprised.
In other news, Rangers fans are livid at this Club 1872 news.
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