GLASGOW, SCOTLAND - DECEMBER 20: Raners Manager Philippe Clement during a Rangers training session at the Rangers Training Centre, on December 20, 2024, in Glasgow, Scotland. (Photo by Alan Harvey/SNS Group via Getty Images)
Phil Clement has dropped another warning over the cash crisis inside Ibrox.
After posting losses of £17.2m for last season, post 30 June 2024 £13m was spent on new signings with just £810.000 raised from shifting five players that were under contract.
The media messengers talked up the fees for Sam Lammers, Connor Goldson and Todd Cantwell, when the Accounts were published many of the Gullible & Deluded assumed that the Auditors had made an error.
At the December AGM the shareholders were informed that the figures were correct as some fans started to appreciate the desperate state of finances after a decade of overspending and failing to stop Celtic.
Clement discovered the financial facts during the close season, once he was offered a pay rise he opted to sign a new deal which runs until May 2028.
After failing to reach the Champions League Play Off, having Ibrox closed for five matches and funding another transfer war-chest losses for this season are on course to be well over £20m.
Getting players off the wage bill is the quickest route to cost cutting with the knock on effect being that Clement is only likely to be able to sign one player this month.
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QUESTION: Is it something that you feel you need to do, maybe move some bodies out before bringing some in or just at the same time?
CLEMENT: It is something that will be necessary for the club, that is a club decision and like it was the same decisions in the summer (when five under contract players were moved on for a combined fee of £810,000). That is the situation for the moment, in the club to do things here.
Yesterday the Rangers Review published that Rabbi Matondo and Kieran Dowell are free to find themselves new clubs, with contracts running till  May 2026 neither will be in a hurry to leave.
Losing the wages of Tom Lawrence and Cyriel Dessers would be welcomed by Paddy Stewart but every agent with players at the club will know that they have licence to go find better deals elsewhere.
Picture by Getty Images
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