Exclusive: Pundit claims Rangers 'Can't afford' to tackle major issue brewing at Ibrox
Rangers ‘can’t afford’ to sell any of their first-team stars in January despite Dave King’s admission over the financial losses at Ibrox, according to Jackie McNamara.
Speaking exclusively to Football Insider assistant editor Russell Edge, the former Scotland defender says that the only way for the Light Blues to counter their financial issues is through fresh investment or through cashing in on their players.
Rangers chairman Dave King addressed the “significant” £25million losses made by the club over the last two years at the AGM, stating: “No company can sustain losses for too long without the risk of financial collapse.”
McNamara says that the financial situation should be a concern for everyone at Ibrox but that they cannot deal with it in January if they want to catch Celtic at the top of the table.
Asked if fans should be worried about the club’s fiscal state, McNamara told Football Insider: “Yeah, those are big losses. Obviously, the only way they can deal with that is by investment or selling players.
“I don’t think they can afford to sell anybody in this window anyway as they keep trying to catch Celtic. If they were to win the league then you would think they would maybe sell one or two and then reinvest it.”
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King revealed at the AGM that newly-appointed sporting director Ross Wilson had placed a projected valuation in excess of £100million on the Rangers squad, with a current market value of £55million.
The Light Blues managed to cash in on just one player over the summer window, Daniel Candeias leaving for Genclerbirligi Ankara.