A lot has been made that Celtic are by far the least valuable squad in their Champions League group, and Ibrox Noise alluded to the fact Real Betis are a lot more valuable finance-wise than Rangers as well.

Rangers’ squad is currently worth around £120M, not really that different to Celtic’s in truth.

We have Todd Cantwell with a theoretical market value of a former £40M but we’re not sure he’s quite at that level now, and transfermarkt rates him at €9M, which seems admittedly a bit modest.

Our highest-rated player in terms of market value is Jose Cifuentes at €12M which is decent, but we’d imagine his value would grow in time, but not at the moment.

The point though is that Rangers lost a number of former major assets this summer, with Ryan Kent once valued around £20M and Alfredo Morelos anything above that into the £30M range.

But that’s theoretical, like Cantwell. In reality, we accrued a £16.5M bid from Lille for Morelos (still good) and £8.5M for Kent rising to £10M.

But regardless? Real Betis’ value eclipses our own – Rodriguez, Fekir, Iglesias, and Silva are all worth boatloads more than our best players, with Rod already at €28M minimum.

This squad is night and day compared to what we have, and that’s just the reality of football at this level.

Has Michael Beale devalued the squad? Actually no – the market numbers remain about the same – it used to be Kent valued at the number one of about €12M, now it’s Cifuentes at that number. He’s not added any value, but he’s also not cost much either.

But the reality is that none of Rangers’ players have strong stock right now, due to insipid and indifferent performances.

Michael Beale needs to put a run of form together, but we don’t see how he can do that.