Revealed: £42m Rangers transfer news – late double deal lined up

Rangers are working with a tight budget to complete multiple late signings because of their existing £42million transfer debt, Football Insider can reveal. The Glasgow giants published their full 2022-23 financial accounts to Companies House earlier this month (11 January) revealing they still owe £42million in transfer payables.

Part of that debt will have been paid off by the Ibrox club between the June cut-off date and the start of the January window, but the majority is due in the summer.

As a result, Philippe Clement has had to work with a strict budget this month with loan deals for Fabio Silva and Mohamed Diomande the only business completed by the club so far. It is understood that Gers want a new left-back signed before Thursday’s deadline, although talks to sign Fluminense ace Jefte have hit a stumbling block.

However, that still leaves the club owing a net figure of £16million in payables having made an overall loss of £3million in 2022-23. In other news, Rangers make a late change to their January transfer plan after big development.

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