John Bennett contradicts Stewart Robertson with latest Rangers finance claim
After such a stunning season, it’s understandable to see Rangers players linked with moves across the UK and Europe.
Gers fans have had to endure speculation lingering over Ryan Kent, Ianis Hagi and Glen Kamara since the season ended but given how well those players performed, that cannot be a shock and if anything, it’s a compliment.
There is a widespread acceptance among the Ibrox faithful that one or two players might move on this summer in order to balance the books.
While we’re not suggesting there’s a hint of the infamous ‘Admin 2’ at Ibrox, Rangers did post a loss of £15.9million up to June 30 last year with COVID-19 playing a huge role, as well as the net spend on transfers.
Speaking not long after those accounts were published, Rangers’ managing director Stewart Robertson revealed in an AGM that “one or two players” will need to be sold every year in order to balance the books [FourFourTwo].
We’re not fearmongering, it’s just what Robertson has said and it makes sense as Rangers need to find a sustainable business model now they have stabilised at the top of the Scottish Premiership.
However, Rangers vice-chairman John Bennett has seemingly contradicted what Robertson said at the end of last year in the latest episode of the Price of Football Podcast.
Speaking to football finance expert Kieran Maguire, Bennett was asked whether the Scottish champions need to sell players this summer and he said: “The short answer is no. Utterly not.
“Our whole model, our whole planning – no. No player sales to repay our loan, including mine.
“Absolutely not. Not part of the plan, not going to happen.”
So what is it?
Do Rangers need to sell players to create a sustainable business model that Robertson suggested at the AGM earlier this season or is Bennett right in saying that no one needs to leave this summer?
When Robertson spoke about potential player sales, we assumed that would start this summer because Rangers cannot keep posting £15.9million losses each year.
Of course, the club can curb it’s spending in order to reduce those losses while qualification for the Champions League will no doubt see a dramatic rise in revenue should they reach the group stages.
But the easiest way to bring in funds would surely be to sell a couple of players who are replaceable and who can bring in a major profit.
This needs clearing up.
In other Rangers news, the Gers are battling Celtic to sign this “incredible” free agent who grew up in Pollok.