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Dave King: Rangers must reinvest Champions League money back into the team
Former Rangers chairman Dave King has insisted that the club must reinvest the profits from their Champions League campaign back into the squad.
The Light Blues kick off their European journey on Wednesday 7 September against Eredivisie giants Ajax in Amsterdam.
King has suggested that the Gers must use the European stage to improve their chances of domestic success after a quiet end to the transfer window.
As quoted by the Daily Record [6 September], he said: “The financial benefits are of immense importance to the club, if it is invested properly.
“It was a far more enjoyable European season for me playing at a level that I thought was competitive. We over-achieved in the Europa League, we got to the final and it was a great occasion for the club.
“It was almost the right level. I worry a little bit about this year.”
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He added: “It’s fantastic, the recognition is fantastic and the money is fantastic. But that is only the case if it is invested back into the club, into the resources of the club.
“I’d imagine I’m like most supporters and the starting point every year is to win the league title.
“We can’t be optimistic about our chances of progress in the Champions League, but if we use that money wisely and invest it back into the team to secure the Premiership title I would be more comfortable.”
Must be invested
This is the first time in twelve seasons that Rangers and Celtic are competing in the Champions League and it’s important to remember that Ange Postecoglou’s side have featured in Europe’s elite competition more regularly than Rangers over the last decade.
Champions League football has huge financial benefits and now that Rangers are on the same playing field, fans will be hoping for improvements on the pitch over the next couple of transfer windows.
Questions are starting to be asked of the board at Ibrox, particularly after the damaging 4-0 Old Firm defeat at the weekend (3 September).
Fans are right to be concerned, especially after the large transfer fees that Rangers received for Calvin Bassey and Joe Aribo in the summer window.
With their involvement in the Champions League, there will now be an expectation for the club to show more ambition in the transfer window and really close the gap to their Old Firm rivals on a domestic level.
In other Rangers news, Souness and Jordan react live on talkSPORT to Rangers being “walloped” by Celtic