Former Celtic attacker Kris Commons has claimed that Rangers will need to invest up to £70million in the summer transfer window if they want to give Steven Gerrard the best chance of catching up with the Hoops.

Gerrard, 37, is widely reported to be on his way to Ibrox to become the club’s next permanent manager, however after seeing the Light Blues hammered 5-0 in the Old Firm on Sunday, there’s a chance that he could be having second thoughts.

Sky Sports pundit Commons has now urged the Liverpool legend to rethink his imminent move to Rangers, admitting that he would be taking a major risk at such an early stage in his coaching career.

“They need a significant amount of investment – and I am talking £60 million or £70 million – to make a real difference. That is to develop all aspects of the club, to get a manager and to sign a lot of good players. When you then put those players on contracts worth £15,000 or £20,000 per week, that money would soon be eaten up. That’s how difficult it is,” he said on the Daily Mail website.

He added: “I would not touch it if I was him – unless they said: “Steven, there is your £70 million to spend and you can have the final say on transfers.” Otherwise, it is the biggest gamble ever.

“The magnitude of the task was only emphasised by what happened at Celtic Park on Sunday.”

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Football Insider verdict

While Gerrard could be a decent appointment for Rangers, Commons is right and the Liverpool icon must be seriously rethinking the idea of joining the club. It’s a thankless task. All he can do is close down the points gap between the Gers and Celtic while not suffering any heavy defeats. Rangers will not come close to catching up to the Bhoys unless there is massive investment and Dave King does not seem like someone who could sort that out. There were reports of Ipswich being interested in Gerrard. At the moment, Portman Road would be a much better place to go than Ibrox with far less pressure and far less risk.

In other Rangers news, Dave King must improve his offer to Gerrard after an English club joined the hunt to appoint the Liverpool icon.

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