Get all your news in one place.
100's of premium titles.
One app.
Start reading
Glasgow Live
Glasgow Live
Sport
Ben Banks

Rangers compensation for Steven Gerrard revealed as Michael Beale adds to seven-figure fee

The fee which took Steven Gerrard from Rangers to Aston Villa last year has been unveiled in the club's accounts.

Annual accounts at Ibrox have displayed a healthy profit of £5.9million and doubling their turnover to £86.6m, the highest in their history. The run to the Europa League final has helped them in that regard while Nathan Patterson's sale to Everton in January 2022's window has also boosted the figure.

What has also been taken into account is the compensation figure which granted former manager Gerrard's departure for a crack at the English Premier League in Birmingham. It's been shown on page 11 of the report that the Villa Park paid £4.25m to Rangers to take the Liverpool legend back down the road, while adding 'We also charged £6.1m in non-recurring costs, which includes settlement of litigations and contract termination costs.' This is thought to be down to the backroom staff costs.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.