Rangers set to incur £1.2m loss on Steven Gerrard investment – report
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Rangers set to make £1.2m loss on Steven Gerrard investment - report

Rangers are set to make a reported £1.2m loss on Steven Gerrard signing and Switzerland striker Cedric Itten, according to reports.

News broke last week regarding potential BSC Young Boys interest in the 25-year-old striker as a return to his homeland was mooted on the continent.

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And now that interest appears to have been ramped up as Rangers look to recoup some of the reported £2.7m they paid to bring Cedric Itten to Ibrox from FC St Gallen in 2020.

According to the Glasgow Times, Rangers will recoup £1.5m on their investment in Cedric Itten as he closes in on a move to BSC Young Boys.

They claim that Ced the Ted is expected to sign a four-year deal at the Swiss club after a disappointing two years contracted to Rangers.

Rangers striker Cedric Itten set for £1.5m Young Boys move

Rangers moved to sign Cedric Itten in 2020 after an explosive season in the Swiss Super League, where he scored 19 goals for FC St Gallen.

But things didn’t quite happen for Cedric at Ibrox as he struggled for form despite showing some flashes of what he could do during his first season with the club.

It was an important signing for a few reasons but not least because Itten scored to put Rangers in front late on in a 3-1 Premiership win over Motherwell just days after that crushing League Cup defeat to St Mirren.

It was a moment and goal that helped Rangers clear a mental hurdle in the season and his contribution to 55 was solidified with this effort.

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At the beginning of this season, Cedric Itten went out on loan to Bundesliga relegation fodder Greuther Furth but after a disappointing stint in Germany was recalled by Gio and his team.

Since returning to Ibrox in January Itten has struggled to leave a proper impression on the side – something hampered by his recovery from illness – and the exit door now surely beckons for the forward.

Rangers fans will be happy to see the club recoup something for the player but given the £1.2m loss the club looks set to take on Cedric Itten the move will go down as a failure.

Speaking of Rangers transfers, a Premier League club are reportedly heading the queue for a seemingly exit-bound Ibrox first-teamer.

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