The Rangers’ 2022–2023 payroll bill increased by £9 million, according to financial analysts at The Swiss Ramble.
They revealed on Friday, November 17, that payroll expenses had increased dramatically, reaching a record £64 million from £55 million.
As a sign that the club has money to spend, Philippe Clement will surely be pleased to hear this news before the January transfer window.
An increase in wages can potentially lead to more spending on transfers, as higher wages can attract top-tier talent to the club, making it more attractive for skilled players to join or stay with a team that offers lucrative contracts.
This influx of talent can strengthen the squad, enhancing its competitive edge.
Increased wages can often correlate with a club’s financial health and stability, as when they’re financially robust, they are more likely to have the resources to invest in transfer fees and contract buyouts for desired players.
Moreover, higher wages for existing players can contribute to their enhanced market value. If a club decides to sell a player, the increased valuation can result in higher transfer fees, providing additional funds for new signings.
Gers have run a self-sustaining model in the past, so there is no need to worry about them breaching FFP rules either.
Hopefully, work has begun on new signings, as they need at least two more faces in the January transfer window.
