By Wayne Veysey

10th Mar, 2017 | 8:27am

Deal all but done: Rangers close in on £300,000 transfer - report

By Alex Stevens

Rangers have agreed to pay Al-Gharafa £300,000 in compensation to push through a deal for Pedro Caixinha to become their new manager, according to a report.

The Scottish Daily Mail claim Caixinha will sign a three-and-a-half year contract with Rangers in the next 24 hours after being granted permission to finalise a move to Ibrox.

The Qatar Stars League club announced on their official Twitter account on Thursday afternoon that they had reached an agreement with the Scottish giants for the little known Portugese to “transfer” to Glasgow.

The Mail report that Caixinha has agreed the terms of the deal and will arrive in the Scottish capital to put pen to paper to a contract that runs until 2020 ahead of Sunday’s Old Firm derby against Celtic at Parkhead.

Rangers had been waiting for Al-Gharafa President Sheikh Jassim Bin Thamer Al Thani to give the green light to the move.

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The Qatari club revealed terms have been struck but made the public point of stressing that they had little appetite to renew the contract of the Portugese, which was due to expire in 45 days’ time in May.

A former Celtic scout in 2009, Caixinha was in charge of Uniao de Leiria and Nacional in his homeland after spells on the coaching staff with Sporting Lisbon, Panathinaikos, Rapid Bucharest and Saudi Arabia.

The Mail claim he has agreed to a “huge cut” to the £2million tax-free salary he was earning in the Middle East.

Caixinha is not expected to be in the dugout for the Sunday’s clash with Celtic, with caretaker manager Graeme Murty to remain at the helm for a sixth match while the new man watches from the stands.

Rangers have turned their attention to Caixinha following a wretched campaign that has left them 33 points adrift of the runaway Scottish league leaders Celtic, who are closing in on a sixth consecutive title.

Mark Warburton, David Weir and Frank McParland left the club in acrimonious circumstances a month ago, and the board are aiming to recruit a director of football to work with Caixinha on recruitment.

In other Rangers news, this is the huge sum lost by Mark Warburton after his behind-the-scenes manoeuvrings horribly backfired.

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