Kevin Phillips has applauded the Rangers initiative which sees all fan membership money used to boost the club’s transfer budget.

The 2000 European Golden Shoe winner, speaking exclusively to Football Insider, claimed the announcement is “a really clever move” while fans are still prohibited from attending matches.

Deputy chairman John Bennett revealed on Tuesday that all of the money raised through the MyGers Membership will go straight into the club’s transfer kitty for manager Steven Gerrard and sporting director Ross Wilson to use.

The MyGers scheme was launched last year to give fans access to exclusive content while they are not allowed into Ibrox.

Phillips believes other clubs may follow in the footsteps of the Light Blues this season.

“It is a really clever move from Rangers, definitely,” he told Football Insider.

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“Any way you can drum up funds to help the club is sensible.

“It is going to be a while before we see crowds back into stadiums, it will certainly not happen this season.

“I think what they are doing is a smart move. It is a sensible way of generating some funds and other clubs may look at it.”

Rangers

As quoted by the Glasgow Times, deputy chairman, John Bennett, said: “I am proud to be one of the many investors in our beloved club.

“You can contribute too, becoming a MyGers Member ensures funds are invested directly and immediately into the first-team squad and our transfer budget.”

In other news, a top pundit explains why Rangers loanee Jordan Jones will be a roaring success at Sunderland.