'Incredible' - McManus stunned by 'Astronomical' Rangers reveal today

Tam McManus was astonished to learn that Rangers sold five players for just £810,000 in the summer window.

The Gers’ Chief Finance Officer confirmed at the annual general meeting on Thursday (5 December) that the Govan club made just £810k from the sales of Sam Lammers, Connor Goldson, Todd Cantwell, Scott Wright and Robbie McCrorie.

This was met with gasps from fans inside the Clyde Auditorium, with McManus echoing the negativity voiced by supporters in a post to X (5 December).

He said: “That’s incredible. The levels of money wasted at Rangers is astronomical.”

Rangers waste “astronomical” sum of money in AGM reveal

The Gers have had very public financial problems over the years but this just goes to prove how poor the operations are behind the scenes.

In the transfer window, 11 new signings came in with each one having a different level of impact so far this season.

The summer also saw nine players depart on permanent deals, with five of them bringing in an average of just £162k.

This is especially damming when it is considered how involved they were in the first-team picture last campaign and how negative their departure has been on the results at Ibrox.

It won’t come as a surprise that small sums were brought in for some of these players but the likes of Lammers and Cantwell easily could have commanded higher transfer fees.

This update just shows where the Light Blues are and have been, but with changes being made at boardroom level, there is hope that the financial issues at the club can be solved.

In other Rangers news, John Gilligan has issued a full apology to fans as he thanks the SFA.

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