Jamie Carragher has said that fellow Liverpool legend Steven Gerrard must get financial backing from Rangers if he’s to have any hope of narrowing the gap with Celtic.

Carragher, who played with Gerrard at Liverpool, ironically under current Celtic manager Brendan Rodgers, said that it was a “brilliant” move to bring Gerrard to Rangers and that it will shine a spotlight on the Old Firm battle next season.

However, he added that no-matter how good Gerrard is at Ibrox, he won’t be able to do anything meaningful next season if he doesn’t get the money to compete.

Talking in the Daily Record, Carragher said: “It’s always been difficult for Rangers with the financial implications.

“No matter how good Steven is as a manager – and we don’t know yet – he will still need help financially to try and compete with Brendan and Celtic.

“Steven has signed a four-year deal. Maybe I’m wrong, but I don’t think people are expecting Rangers to win the league next season, but certainly they need to be more competitive against Celtic.

Subscribe to Football Insider TV now

“It’s a brilliant move for Scottish football and it makes things a lot more interesting in terms of the Old Firm now. Hopefully, from Steven’s point of view, they’ll be able to overhaul them.”

Football Insider verdict:

Carragher is right that Gerrard faces a difficult task. Celtic have triple the turnover of Rangers and have banked £60million from the Champions League. That’s a big discrepancy in cash, without mentioning the fact that in their current states, Celtic’s team is far stronger than Rangers. However, while Celtic are aiming for an incredible treble-treble, we don’t think they’ll have it all their own way next season. Gerrard is already making moves, with Scott Arfield, Allan McGregor and Jamie Murphy already signed, and plenty more to come. The Liverpool connection will bring some exciting new players to Rangers, with Ben Woodburn, Harry Wilson and Ryan Kent already mentioned. Plus, the Gerrard effect is working off the field too, with people like Carragher talking about the club. That’s going to help to attract players too. 

In other Rangers news, Reliable journalist – Rangers desperate to sign 6ft 2 attacker after key development

Don’t miss out on breaking and exclusive Rangers news by clicking here for our brilliant 24/7 updates on Facebook,Instagram and YouTube.