By Doug Ward

25th Sep, 2022 | 2:54pm

Kenny Miller isn’t happy with Stewart Robertson’s assessment of Rangers’ finances by saying qualification to the Champions League group stages was only worth £20million.

Between beating PSV to reach the promised land of Champions League football and the end of the transfer window, Rangers signed no one.

It’s been long-reported that making the group stages is worth £40million. However, managing director Robertson has recently told Rangers Review the real value of money going into the club’s accounts is half of that.

BT Sport pundit and ex-Gers striker Miller isn’t happy with Robertson’s assessment as he’s pointed out that there are still loads of other ways the club has made money in the last 12 months.

He’s seen the £100million figure floated around somewhere and while he doesn’t expect that much to go into the club, he stills expects more money being spent on the squad than what has been.

Writing in his column in the Sunday Mail (print edition, 25 September, page 61), Miller said: “Maybe some of the figures have been off but it doesn’t take a rocket scientist to work out that the club has had a profitable 12 months.

“They got £12million for Nathan Patterson, another £6m for Joe Aribo and £20m for Calvin Bassey.

“Robertson may now be suggesting the Champions League is only worth £20m but combine that with the run to Seville last year and it’s clear the club generated significant sums.

“Even if it’s not the £100m we’ve seen quoted all over the place recently, it’s still terrific income.

“Yes, the club has some pretty high upkeep costs for the stadium and training ground but, I must admit, I was surprised they couldn’t find the cash for at least one more signing having qualified for the Champions League.”

Miller added: “The bottom line is the reason the board have been forced to come out and explain themselves is because the team hasn’t been performing and the signings made haven’t so far produced value for money.

“Until that’s fixed, the board are going to continue facing difficult questions.”

Rubbish

What Rangers are doing – and doing badly – is trying to cover their backs.

Robertson is spouting nonsense.

While there may have been £20million go into the club’s accounts since winning that game against PSV, surely he knows there’s more money on the way that’s guaranteed?

You don’t instantly get that £40million, no one is saying that. But if that money is definitely going into the club at some point, it can still be spent to improve the squad.

And even still, £20million is a lot of money and there are other ways that the club have made money.

But none of it was used to bring in players who would have signed for Rangers knowing that Champions League group stage football would have been guaranteed.

Let’s just use Manchester United as an example.

Now, we’re not saying Rangers are as big as Man United but we have Champions League football this season and they do not. They’re the club we could be looking at picking players up from if recruitment is done correctly.

We’re still relying on golden oldies to drag us through matches while the goalkeeper, centre-back, left-back, central midfield and right-wing areas are still in need of additions.

In other Rangers news, Gary Keown has also slammed the Gers over the latest revelations.