Finance Expert: 'Angst at Ibrox' as Rangers forced to spend over £5m in last 10 days
Football finance expert Kieran Maguire has suggested there is “angst” at Ibrox after Rangers forked out over £5million in the past ten days.
Rangers confirmed the appointment of Michael Beale from QPR, with the board having to pay £1.5milion to the Championship club in compensation (The Scotsman, 28 November).
Furthermore, The 4th Official revealed (Patreon, 12 November) Rangers would need to pay £4.6million to sack Giovanni van Bronckhorst. Maguire has since suggested these recent outlays have led to a feeling of discontent at Ibrox.
“They have also been forced to pay the manager [Giovanni van Bronckhorst] a payoff. They did get around £2.5million from Steven Gerrard going to Aston Villa and recruiting Michael Beale would’ve cost them in compensation,” said Maguire (Price of Football Podcast, 15:10, 1 December).
“Finishing second is finishing nowhere and they’ve drifted a wee bit behind Celtic as far as the table is concerned, so there’s a bit of angst at Ibrox.”
It’s certainly a time of change at Ibrox, with Beale taking the reins after van Bronckhorst’s sacking. Despite there being a more positive feeling around the club at the moment until Rangers challenge Celtic again domestically, there will still be “angst” among supporters, players and the board.
This was £5million the club simply had to spend, with the Dutchman’s time at the club needing to come to an end. If he had been in charge when the Scottish Premiership restarted, there would’ve been little to no hope of Rangers getting anything out of this season.
Catching Celtic still looks unlikely, but there can certainly be more hope for the future with Beale a progressive appointment by the club. He’s in the early stages of his managerial career but has worked for some of the biggest clubs in Europe and will be aware of the demands required at Ibrox.
The 42-year-old will be desperate to get off to a positive start when his side take on Hibernian in their first game back after the World Cup break.
In other Rangers news, Michael Stewart slammed Beale for an “unsavoury” incident at Ibrox.