By Dan Plumley

24th Oct, 2023 | 7:10pm

£50m+ Rangers pressure on Philippe Clement instantly - Finance Expert

We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Rangers...

Dan Plumley has insisted that there is some pressure on the shoulders of Philippe Clement to taste success at Rangers immediately, given their budgets and turnover.

It comes after the Belgian was sent a warning by Gary Keown over running a wage bill worth more than £50million-a-year as he looked for his own long-term protection.

The finance expert admitted that will not be a problem if the turnover of the club can manage that, with long runs in Europe and Champions League qualification already mentioned for that.

“It creates pressure given the on-pitch performance at the minute,” he exclusively told Ibrox News.

“What I mean about that is, the wage bill is not a problem if you can sustain it at a relative level against turnover which is always the big thing.

You look at Rangers’ revenue over the past two or three years where it’s been tracking around £80million with regards to the Europa League run they had and the European success.

That obviously has not turned itself into Champions League football this season, and the slow start they’ve had puts the pressure on in the sense that the money you’re anticipating and being able to generate this season.

It’s a little bit of short-term pressure, but it’s not a long-term problem at the minute.

Obviously, what you are then hoping for is the performance on the pitch picks up and then you’ve got another tilt at European football in years to come.

We know the difference in Scotland often comes down to Champions League group stage participation to be able to kick that on, so that is what you’re dealing with and that’s what Rangers will need to be mindful of with the new management team and where they go over the coming months and into next season.”

In other Rangers news, Plumley has insisted that the club can argue they have missed out after a £900m+ deal was signed off elsewhere