Rangers have revealed how much the club recouped in transfer fees as part of their financial results for the six months up to the end of December.
The club say in their latest financial review that they only recouped £2.8m in transfer fees. That means on average, the 11 players who left permanently in the summer made us just under £250k each.
It’s an area the club will be determined to improve on after some poor transfer management in recent years.
Whilst the sums don’t add on these reports, Rangers made healthy profits on both players.
Rangers must keep up this kind of good business
This was good business by Rangers. But it’s business we must – and I’ve no doubt we will – get better at if we’re to challenge Celtic.
Transfer fees, either spent or received, are a vital part of any club’s finances. Where these sales are offset are in expensive mistakes like Bruno Alves and Carlos Pena.
But it’s about smart management too. We let Martin Waghorn join Ipswich Town for peanuts, before he moved to Derby County for a reported £5m a year later (Sky Sports).
You need top players to win the top prizes, so it’s important the club spend, and recoup, their money wisely.
There can be doubts the club are now in a much better position to ensure this happens going forward.