Dave King has promised Rangers fans that Steven Gerrard “will be backed” in the summer as Rangers open season ticket renewals for next season.
With this season petering out disappointingly, there is absolutely no doubt Rangers have improved this year. More than that, this squad of players can see what they’re up against next year.
But we do need more quality and strength in depth and King has pledged the money from season ticket sales to do so. He even reasoned that with a 5% price hike.
The Rangers chairman said, “the season-ticket revenue will solely go towards the first-team squad.”
So how much will that leave Gerrard and co in the coffers for next season? Well, it’s certainly not inconsiderable.
Let’s say Rangers sell 46,000 season books with an average price of £500. That’s a massive £23m. Obviously all of this will be subject to tax, but even with 20% taken off it still leaves Gerrard with £18.4m.
Also, there’s no guarantee we’ll reach the number of season ticket sales in the wake of ongoing issues concerning repayment finance plans and the books.
That seems a lot but when you incorporate potential purchases and player’s wages it slowly adds up.
Dave King has pledged the money from season ticket sales to do so. Can you see Rangers investing all of that income this summer?