Paul Robinson has backed Rangers boss Steven Gerrard to make two signings in January after it was revealed the club would earn £6.6million as a result of their success in the Europa League group stages.
Speaking exclusively to Football Insider correspondent Dylan Childs, the former England teammate of Gerrard said one or two additions next month could pay “massive dividends” in the title race.
Analysis from Football Insider has found that the Glasgow giants have secured a guaranteed £6.6million sum for topping their Europa League group earlier this month.
The Light Blues will be confident of progressing further in the competition as well after they drew Belgian side Royal Antwerp in the Round of 32.
Robinson claims the influx of money will be a “huge boost” after the club posted a loss of £15.9million in their accounts for the year ending 30 June 2020.
“In this uncertain financial climate it is a huge boost,” he told Football Insider.
“The money that was is Scottish football years ago is not there now. You look at the transfer budgets and wages Rangers and Celtic get – it is nothing compared to the Premier League.
“A boost of nearly £7million is huge to a club like Rangers.
“If they give some of that to Steven to invest on one or two players in January it could help them get over the line. If the invest just a little bit back into the team it could pay massive dividends.
“This is something they have not achieved in nearly 10 years. It would be such a good season to do it.”