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The National (Scotland)
The National (Scotland)
Sport
David Irvine

Rangers' £800k transfer fire sale explained by club

Rangers suffered "short-term pain" in the transfer market in order to improve in the future according to James Taylor who explained the £800k fire sale over the summer.

The Ibrox club banked just £800k from transfer exits in the summer window despite a number of first-team players leaving.

Todd Cantwell, Connor Goldson, Scott Wright, Sam Lammers and Robby McCrorie all departed Rangers for new ventures in the summer.

That's on top of the free agent exits of John Lundstram, Borna Barisic, Jon McLaughlin, Ryan Jack and Kemar Roofe at the end of last season.

Questions were asked over the paltry transfer fees commanded for those who left over the summer at the club AGM with Taylor admitting at the time it was a "problem".

Now, minutes of a fan advisory board meeting have further explained the thinking behind the fire sale in the summer with a vision of more flexibility and a more sustainable model in the future.


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The club suffered an £8m loss on player trading for the most recent financial year, with £3m of that in impairments.

A new trading strategy has been implemented at the Ibrox club with the most recent departures a necessary step in "realigning resources".

"Player trading resulted in a net loss of £8m for the financial year, including £3m in impairments.

"These impairments were strategically recognised to reduce the wage bill to a more sustainable and normalised level moving forward.

"While these decisions have created short-term financial pain, they are designed to provide significant benefits in the coming years by realigning resources and increasing flexibility.

"The nature of player trading is inherently unpredictable, and the financial impact often reflects decisions made 18-24 months prior.

"However, a new player trading strategy was implemented over the summer aligning the model with the club’s long-term objectives."

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