By Wayne Veysey

4th May, 2018 | 5:21am

Report: Gerrard handed war chest by Rangers as King deal all but done to secure new investors

By Richard Parks

Steven Gerrard is set to be handed a war chest by Rangers to recruit new players this summer as he closes in on his first management post, according to a report.

The Sun claim the Liverpool icon, 37, is set to conclude negotiations today (Friday) on a three-year contract after meeting director of football Mark Allen and managing director Stewart Robertson yesterday to finalise talks on taking over at Ibrox.

It is said that Gerrard has been given the assurances he was seeking that he can rebuild Rangers this summer, with chairman Dave King on the verge of securing new investors in the coming days.

Football Insider verdict:

Two massive deals in one. Rangers fans, long-suffering for so long, will be rubbing their eyes with disbelief. Not only is a bona fide legend of the game keen to accept one of the toughest challenges in British football, but it looks like he could actually have proper finances to play with – as in, a transfer budget and wage bill that will enable the Light Blues to at least come close to offering a credible challenge to Celtic. Much will depend upon the detail of the fresh investment that King has secured, but it appears that Gerrard has been given assurances that he will have a decent budget with which to buy new players. He surely wouldn’t have taken the job, otherwise. As anyone with a minimum of football knowledge knows, Rangers need a complete overhaul if they are to come close to narrowing the gap on Celtic. It is a huge job, but the foundations are finally being laid.

Subscribe to Football Insider TV now

In other Rangers news, the club have sealed two new signings and three more are in the pipeline in an ASTONISHING transfer blitz before the window even opens.

Don’t miss out on breaking and exclusive Rangers news by clicking here for our brilliant 24/7 updates on FacebookInstagram and YouTube.