So there’s a lot being made about how much Rangers have spent in this window, with criticism from some leading Rangers fan sites at the board over not backing Gio.
This is despite the sum of around £15M being used, more than anyone since Walter Smith’s days.
So our personal criticism isn’t at the amount spent, although we’d question what it was spent on, more to the point.
But that also isn’t pertinent:
Rangers fans might be less aware of the wad of cash Rangers have had to ringfence and put aside for other purposes, and it totals almost £30M.
For players, two of our players are currently on option to buy – and due diligence means Rangers have had to put aside £4.5M for James Sands, and £4.5M for Malik Tillman.
That’s £9M off the bat, assuming we go for the purchases.
Then there’s the two most fans tend to forget or even not be aware of – Edmiston House and Sports Direct.
Starting with the former, the building and construction of the world class leisure establishment isn’t going to be free, just like ‘Murray Park’ wasn’t all those years ago. The-now Training Centre cost around £13M to build, and the new facility currently being compiled is around £10M.
And last but not least, the Sports Direct settlement. To get rid of Ashley, we understand the settlement was around £8M – that was a small price to pay to get shot of Ashley permanently.
So, when you total that up, you have £26M+.
That is monies the club has had to use for things other than purely signing players this summer.
It approaches £30M but we don’t get to see any shiny new signings for it.
What, did you think Edmiston House was free? That the settlement was just a nice handshake from Mike? And that Sands and Tillman will be £2?
While the board is getting it thick at the moment, we don’t blame them entirely, even if we have certain individual criticisms.
No, the recruitment and scouting department, headed by Ross Wilson and John Park is most definitely strongly accountable here, and it’s to do with what they spent the money on, not how much.
Unfortunately, at this early stage, £10M has been a complete waste, £2M verging on it, and only £3M (give or take) a good investment (Goalak).
And that has nothing to do with the finances.