'Go Massive in Jan?' - Exclusive: Top pundit reacts to £11.1m Rangers reveal
Alan Hutton has admitted he does not expect Rangers to go “massive” in the January transfer window after the recently-released financial update from Ibrox.
The former Gers and Scotland defender, speaking exclusively to Football Insider assistant editor Russell Edge, has suggested the Light Blues will only consider making a new signing if they are going to have a significant impact in the club’s title push.
Analysis by Football Insider of the club’s newly-published accounts has showed the club have increased revenue by 11 per cent and that they still hold “£11.1million within cash and bank balances” despite making a loss of £15.9million.
In comparison, fierce rivals Celtic suffered a 15.8 per cent revenue drop over the same period and their profits dropped by over £11million.
Hutton has admitted the numbers at Ibrox looked bleak on first reading but admitted it was good to see there was still money to spend if needed.
Hutton told Football Insider: “I know it can be boring talking about figures and numbers and stuff but I did skim over it in the paper.
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“At first glance, it doesn’t look great when you’re talking about money that they’ve lost, but I think when you put it into perspective, obviously coming up the lower leagues and then having to invest in the playing squad and I think they’ve done that really well but you have to compete.
“Then you put in with that no fans and no revenue coming in through the gates and stuff like that, it’s not ideal. So I think everybody will be in a kind of a similar position, depending on the club.
“They’re coming out and saying there’s still money there to spend. Do I think they’ll go massive in January? Not really, I think the way they’re going at the moment, Steven Gerrard will be very happy, there’s cover for every position. There’s nothing really that screams out to me that needs strengthening.
“I think if somebody could come in that’s going to be the difference then they’ll look at it but I don’t think they’re in desperate need of anybody. It’s good to hear that there’s still finances there available if necessary.”