(Credit: Manh Tung - Breaking Media/Imago)
(Credit: Manh Tung - Breaking Media/Imago)

Stefan Borson: Jim Gillespie must improve Rangers’ player trading amid ‘serious’ European qualification issue

James Murray

James holds a degree in Sports Journalism and Communications (MA) from the Real Madrid Graduate School. He has experience working for a number of local news outlets as well as the Sunday Mirror and Real Madrid TV. James is from Scunthorpe and has an affinity with Scunthorpe United, but is also a huge West Ham supporter and an expert on all things to do with the Hammers. He started working for Breaking Media in July 2023, initially writing on the Club Sites, where he specialised in West Ham content, before moving to Football Insider – where he is now an expert in football finance, speaking regularly with Stefan Borson and Keith Wyness to generate high-quality content in all things related to finance in the Premier League, Football League, and Scottish Premiership.

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Jim Gillespie must focus on improving Rangers’ player trading after starting work as the new chief executive at Ibrox. 

That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider that would help the Glasgow giants mitigate the “very serious” change to European qualification for Scottish clubs. 

Scotland has lost its second Champions League place from 2027-28 onwards, having slipped out of the top 15 in Uefa’s coefficient ranking. 

The allocation for Europe has also been reduced from five teams to four, while they will each enter qualifying in earlier rounds. 

It could have a dramatic impact on Rangers’ financial situation moving forwards due to how much they rely on European revenue. 

How Rangers can mitigate European blow

Rangers have been criticised for their player trading in recent years after failing to turn a profit on several players. 

They recorded a £600,000 loss on player sales last season, while rivals Celtic made a £31.5million profit. 

Financial YearRangersCeltic
2023-24£5.6m£6.6m
2024-25-£600,000£31.5m
Rangers and Celtic's profit on player sales for the past two seasons

Speaking exclusively to Football Insider, Borson discussed Gillespie’s priorities after starting work as the new Ibrox CEO last week, having joined from St Mirren to replace Patrick Stewart. 

“He will have a lot of the same priorities that the previous CEO had,” said Borson. 

“I think there are two main areas that Rangers need to focus on. One is making more money from player trading and two now is dealing with mitigating this change in the European competition situation, which I consider to be a very serious change to the financial viability of the biggest Scottish clubs.

“They need to find a way around it in terms of generating more money probably from youth and the trading of players. But look, it's not easy to do. Everybody's trying to do it.” 

Why Scottish clubs are set to generate less European revenue

Borson expects Scottish clubs to generate less revenue from Europe, placing more emphasis on them making money from player sales. 

“That seems to me to be the way they're going to have to fill this hole that's going to be left by the change in Uefa competition rules,” said Borson. 

“I think net-net, the Scottish clubs are going to generate less money from Uefa competitions going forward. 

“It becomes even more important that you win the league, and it becomes even more important that you're generating through player trading.” 

Rangers moved up to second in the Scottish Premiership following their 4-1 victory over Aberdeen, with leaders Hearts sitting three points above them in the table. 

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