Graeme Souness believes that the lack of transfer funds played a part in Steven Gerrard’s hasty exit from Ibrox.
In his first three summer transfer windows Gerrard was able to spend £10m on transfer fees while bloating the Ibrox wage bill.
In the summer of 2020 Kemar Roofe, Ceric Itten and Ianis Hagi were signed, typically there was no interest in any club signing any of Gerrard’s players.
At the start of October, following Europa League defeats from Lyon and Sparta Prague, Gerrard went public warning of the consequences of failing to spend more money on transfers.
After grinning and laughing to BT Sport viewers about his happiness Gerrard walked out on Sevco claiming that he had completed his remit- despite failing to reach the Champions League.
Giving his thoughts on the rapid exit, Souness told the Daily Record:
Steven achieved what they brought him in to do – stop the 10-in-a-Row by Celtic. Yes, it has been slower this year so far but they were still top of the league when he left – without being at their best. That is a really good sign.
If you’re managing a team that’s top and know there’s a lot more come, that would give you confidence.
But the fact that there wasn’t a lot of money for Steven to improve the squad at Rangers, I don’t know exactly how much of a factor that was in his whole thought process.
I would imagine that it was quite a large part of it, however, having been a manager. To get into the Champions League and try to make a mark in that? That would’ve taken money Rangers don’t have right now.
Rangers International Football Club have their AGM today with the board expected to be commended for running up losses of £23.5m on turnover of £47.7m.