One failed Caixinha transfer, £20,000-a-week striker, Eduardo Herrera, has just been shifted off the Rangers books, albeit, only temporarily.
However, they aren’t out of the woods yet. Steven Gerrard has another expensive flop on his hands from the previous regime.
Carlos Pena.

Pena celebrates scoring against Partick Thistle in the League Cup in 2017. (Photo by Ian MacNicol/Getty Images)
Reports, suggest that a combination of he and Herrera’s wages have been draining £50,000 out of the club every week.

That would suggest Pena is the higher paid of the two players, on around £30,000 per week.
It’s a huge sum of money to be shipping out for no return.
His last appearance for the Gers was in the 0-0 draw with Celtic on 30th December 2017. Yet, it’s not as if it’s just Ibrox where it hasn’t worked out for the midfielder.

Pena disappointed elsewhere in 2018

The Mexican tussles with Scott Brown at Parkhead. (Photo by Ian MacNicol/Getty Images)
Across his two spells at Cruz Azul and Nexaca in 2018, he managed just 13 league appearances. His stint at the latter was cut short, with the player returning to Glasgow last month.
The main issue here, is that after two unsuccessful spells in his homeland, there are unlikely to be many parties interested in his services.
For any club who may entertain the thought of giving him another shot, his enormous wages will surely put them off.
Moments of quality like this one against Dundee, were all too rare. (Photo by David Young/Action Plus via Getty Images)
Rangers have been smart in the window so far. Yet, while they are still haemorrhaging funds on Pena, they may be forced to curb their activity.
Gers fans will be hoping someone eventually swoops for the Mexican international.
If that doesn’t happen, there’s still a year and a half’s worth of lucrative contract to pay out.
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