Kieran Maguire warns Rangers 'expect sales' after £40m Campbell reveal
Rangers fans should “expect to see sales” in the next 12 months – but this is healthy for a club seeking self-sustainability.
That is according to finance boffin Kieran Maguire, speaking exclusively to Football Insider about the Athletic‘s Rangers finance reveal on 8th July.
Ibrox correspondent Jordan Campell claims that Rangers must account for a £14million deficit for the upcoming season.
The report also details the £40m invested in new transfers since Steven Gerrard took the reins in 2018.
Maguire predicts that the Scottish champions will begin to recoup this figure as they sell off expendable assets.
He told Football Insider correspondent Adam Williams: “Over the next 12 months, you’d expect to see sales take place. But that should be the case for a big club such as Rangers.
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“They have been building up their asset base and if you’ve got a big asset base then sometimes you have surplus assets which you can sell.
“That’s fairly standard in business. If we take a look at the Premier League, the club with the biggest sales in the past five or six seasons has been Chelsea, and you don’t think of Chelsea as being a selling club.
“Rangers have spent money under Steven Gerrard, no doubt about that. But the value of that £40m has generated assets that could generate cash.
“They are mindful of the Celtic model, which is to break even or make small losses on the pitch and recoup them, normally through one player sale a season.
“There’s no reason why Rangers can’t do that while at the same time maintaining the quality of their squad.“