Rangers chairman Dave King has refused to put a figure on how much money will be available for Steven Gerrard to spend in the summer – and insists the Gers will provide “additional funds” for the incoming Ibrox manager.

King confirmed that the Gers will be a “net investor” in the squad this summer as they look to stop bitter rivals Celtic from winning an eighth consecutive Scottish Premiership title in Gerrard’s first season at the helm.

The Gers chairman admitted funds hadn’t been discussed with Gerrard and director of football Mark Allen ahead of the Liverpool legend taking charge on June 1st.

“We don’t put figures on that because we can’t,” King said when asked about the size of the transfer budget, as quoted by STV.

“We have given a commitment that we will continue to invest in the squad, and will be a net investor. We will provide additional net funds to him. He will sit down with Mark (Allen) and determine that. I think Steven and Mark will tell us that because it depends on how many of the players Steven wants to keep.

“We haven’t even discussed it. It’s not something he would discuss with me, he would discuss that with Mark and then they would come back to the board.

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“They will have to figure that out and then come back and say ‘this is our player plan’.”

Football Insider verdict

It doesn’t make sense for any club to come out and tell everyone how much will be available for the manager to spend in the summer. If King had said there would be £30million available for Gerrard to spend then it would immediately add a zero to the end of the transfer fee for any player the Ibrox giants are interested in. If King is true to his word that the Gers will be “net investors” in the squad then they need to make sure any finds are spent wisely and not simply wasted like was the case last summer as the Gers spent millions on garbage. What can’t be allowed to happen is the Ibrox board taking the cheap option and trying to get by with a few loan signings and overpaid veteran. The Light Blues need to plough funds into the side and bring some real quality into the starting XI and give Gerrard the best possible chance of making a serious go of stopping Celtic from winning the title.

In other Rangers news, both the Gers and Celtic are in the running to sign this £100,000-a-week Premier League midfielder who will be available in the summer.

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