Rangers in line for multi-million windfall from Premier League after £10m Auchenhowie milestone
Rangers are in line to make another £7million in transfer add-ons after the sale of their academy players to Premier League clubs.
According to Glasgow Evening Times journalist Chris Jack [13 February], major investment at Auchenhowie has paid off both on the pitch as well as off it.
A six-figure cheque which was handed over on Monday took the donation to the academy beyond the £10million mark.
Head of Academy Craig Mulholland said, “In the last five years, we have brought in more than £15million in transfer fees for Academy players, with many additions, perhaps in excess of £7million, still to come on those deals.
“Then there is the combined value of Adam Devine, Leon King, Alex Lowry and Robby McCrorie, all members of the current first-team squad, taking the total value generated from the Academy well beyond £20million.”
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Rangers have a very good system that promotes young talent and gives players an opportunity to hone their skills before moving to the Premier League.
This system helps the club be self sufficient but they cannot keep losing their best players and need to improve how they’re run behind the scenes.
Boardroom changes are certainly required and also a change of philosophy around Ibrox.
The money generated from player sales also needs to be reinvested properly into strengthening the squad, and unfortunately, that’s not been happening.
Ross Wilson certainly needs to take responsibility for that as he’s done a sub-par role in the past and most recently, his lack of backing in the transfer window saw Giovanni van Bronckhorst losing his job.
It remains to be seen how much of these millions are put back in to strengthen the first team as they’re still some way from being as good as Celtic.
In other Rangers news, the club have been handed a potential transfer boost as a World Cup striker linked with an Ibrox switch is likely to be available in the summer.