Barry Ferguson has provided his reaction after an update on Rangers’ current financial situation.

With some big decisions to be made following an operating loss of 23.5m, the club needs to push on and win the title at the end of the season to qualify for the group stages of the Champions League.

Barry Ferguson of Rangers celebrates winning the Scottish Premier League trophy after the Scottish Premier League match between Dundee United and Rangers at Tanadice Park on May 24, 2009 in Dundee, Scotland. (Photo by Jeff J Mitchell/Getty Images)

“Don’t get me wrong, a 23.5m operating loss does not make for good reading” said Ferguson [Daily Record].

“But after a year where Covid-19 has battered not just every football club, but every business, then perhaps it’s not such a surprise.”

The pandemic certainly hasn’t helped the club’s financial situation. Failing to qualify for this season’s Champions League group stages hasn’t helped either, though, and everyone should be ready to put everything on the line to win the league.

Automatically qualifying for the Champions League will be worth around £40m and this would certainly take pressure off potentially having to sell prized assets.

Cashing in

“I think the three players attracting serious attention are Joe Aribo, Nathan Patterson and Glen Kamara,” added Ferguson.

At this moment in time, these are possibly our three most-prized assets, and the likelihood is, if we don’t win the title this season, they could well be sold in the summer.

Dundee United v Rangers FC - Cinch Scottish Premiership
Joe Aribo, one of Rangers’ prized assets. (Photo by Steve Welsh/Getty Images,)

The stark reality is, Rangers like most other clubs now, are a selling club.

Long gone are the days where players at their peak arrive in Glasgow. The city has become a stepping stone for talent.

Football has moved on a long way since 1992, with more money than ever in the game, it is just a pity Scottish football is trailing behind everyone else.

In other news, Kris Boyd has made a big claim about Ianis Hagi.

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