It’s taken a long, long, LONG time, but finally Rangers are, at long last, benefiting from transfer inflation having missed 10 years of it from 2012 onwards.
Most tellingly, at long long LONG last we are now approaching Celtic levels of profit, given the eastern lot have had a head start with their Dembele Dollars.
While they sold players for £5M+ going back 20 years, it’s since the sale of Moussa Dembele in 2018 that has seen them colossally ramp up their profiteering on the crazy fees. £20M for him, £25M for Tierney, £20M (with addons) for Ajer, £20M for Edouard, Frimpong you name it has basically seen around £80M-£100M come into Celtic’s coffers these past four years.
Meaning Rangers had fallen way behind financially.
That has all changed after, in the last 8 months, Rangers shipped out Steven Gerrard, Nathan Patterson then Joe Aribo, and are about to likely follow it up with Calvin Bassey.
Gerrard cost Villa £4.5M in compensation, Patterson cost Everton an initial £12M rising to £16M, while Joe Aribo set Southampton back £6M rising to £10M.
This means, gross-wise, Rangers have pocketed £30M since November, and that could double in one fell swoop with the likely sale of Calvin Bassey.
This brings Rangers bang in line with the Parkhead lot in terms of our transfer dealings, and suddenly puts us financially on a much better footing.
Add the possibility of the £40M pot of gold for making the UCL group stage, which Celtic are sadly already guaranteed, plus the UEL £30M we’ve already pocketed and Rangers suddenly secure £130M in a matter of 10 months.
The sale of Patterson already changed things financially, and while Rangers have not been splashing the cash this window, we have definitely spent more this month (£4M) than the past two years’ worth of windows combined. You’d have to go back to summer 2020 and Roofe and Itten for the last time we spent serious.
But it’s what’s now coming in which matters. No matter what – CL or Bassey, we’ve made more in the past 10 months than ever before (£60M) and that could well double in the next month.
Fingers crossed ‘this article ages well’.