£16M? What Rangers REALLY spent this summer | OneFootball

It’s worth noting, in the end, how much Rangers actually spent in the summer, because while Ibrox Noise did do some analysis pieces on our expenditure, things also changed.

Ergo, Ibrox Noise brings you our updated transfer kitty from summer 2024.

In the last one we analysed that we’d spent as little as £3.5M.

Well, we’re going to bring a different take on things, and it’s a bit more ‘reassuring’ in some ways – this version is a lot more like Rangers, and while not spectacular, it’s better.

Rangers’ 4 big summer signings:

Mohamed Diomande: £4.5M.

Hamza Igamane: £2.5M

Nedim Bajrami: £3.5M

Robin Propper: £1.5M

Add to them:

Connor Barron: £1M

Jefte: £750,000

Caveats:

Diomande’s fee was from the summer budget, despite being a January addition.

Igamane’s fee varies depending on what source but it’s been regularly quoted to us as £2.5M. We tried to be conservative in that last appraisal.

Connor Barron’s fee is a little unknown, Rangers offered £400,000 but Aberdeen rejected that in light of what they sold other players for, and they and Rangers need to sort it out re: tribunal. It’s said he could set Rangers back around 7 figures.

So, looking at it in this new light, the addition of Albanian Bajrami was a game-changer in terms of spend.

There’s also the sign on fees for Liam Kelly, Clinton Nsiala and Barron, who was of course actually signed as a free.

Lastly, the loan fees for Vaclav Cerny and Neraysho Kasanwirjo would be modest but there.

So, raw fees:

£13.5M. That is more than any summer that Steven Gerrard ever got, and while it lags a little behind the circa £18M-£20M that both Giovanni van Bronckhorst and Michael Beale got, it’s not nothing.

If you add loan fees, sign on fees etc, you’re looking at closer to about £16M give or take.

Is it sensational? No, it’s not the £25M our information told us we’d get to spend, but it’s not nothing.

Whether the money has been spent well is another matter entirely, but Rangers spent about £16M this summer.

Celtic spent about £28M. Obviously their wallet is far bigger and there’s no point trying to compete financially, but Rangers did not spend buttons this summer.

Just depends on how well it’s spent, unfortunately.