'I'm inclined to believe him' - Phillips reacts to big Rangers claim after £15.9m reveal
Kevin Phillips has heaped praise on Rangers manager Steven Gerrard for turning the state of the club’s squad around.
Speaking exclusively to Football Insider correspondent Dylan Childs, the former England striker agreed with Gerrard’s claim that the Ibrox club had some “big assets” they could “cash in”.
The Light Blues revealed last week they made an operating loss of £15.9million in the last financial year and will have to raise more than £20m in fresh investment by the end of next season.
Chairman Douglas Park and director John Bennett have committed to covering the shortfall but Gerrard is confident the club have the playing assets to help the situation if needed.
He told Sky Sports: “The team is littered now with big assets. The team is worth an awful lot of money now compared to what it was.”
And Phillips has been left hugely impressed by the job the ex-Liverpool captain has done in Glasgow.
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He told Football Insider: “Gerrard has assembled a fantastic squad and the balance looks great.
“They are flying in the league. He has turned it around and at the minute Steven cannot do any wrong.
“If he is saying that then I am inclined to believe him. There are certainly some big assets there and that is what every football club wants.
“You do not want to sell but if all of a sudden you do need to and you have some assets there, you can cash in.
“Huge credit to the recruitment team for bringing these players in and huge credit to Steven for bringing them on. Now they are major assets for the football club. It is good news all round.”
In other Rangers news, an ex-Ger has been left buzzing by what he’s heard from Ryan Kent.