Rangers get FFP ‘watch it’ warning after UEFA show their teeth amid transfer questions

Rangers get FFP ‘watch it’ warning after UEFA show their teeth amid transfer questions

Glasgow Rangers are now making some big money after advancing from the fourth division to the Champions League.

The Ibrox club made it official by reaching the Europa League Final in May and then qualifying for the lucrative group stage of the continent’s premier club competition. Furthermore, the summer transfers of Calvin Bassey, Joe Aribo, and Cedric Itten resulted in a £28.73 million revenue.

However, they spent just over £11 million in the last transfer window to sign Ben Davies, Antonio Colak, Rabbi Matondo, and Ridvan Yilmaz, as well as a loan fee to Bayern Munich to bring Malik Tillman on board. However, no new players were signed in the remaining 38 days of the transfer season, and fans are questioning where the money went after Celtic and Ajax both lost 4-0. Rangers was one of 18 clubs, including Barcelona, Borussia Dortmund, Manchester City, Leicester City, Napoli, and West Ham, placed on the Financial Fair Play watch list by the regulating body in an effort to ensure teams live within their means or face punishment.

Eight more teams have been fined a total of £170 million, with Paris St. Germain ordered to pay £62 million for failing to break even. All of this is good news for Roger Mitchell, former CEO of SPL. He thought that when FFP was adopted in 2011, it would never be scrutinized or adequately implemented.

However, he has altered his stance now that the SFA is no longer involved in investigating their members’ accounts. He stated, “It is encouraging to see UEFA become immediately involved in this subject. Financial Fair Play had devolved into a farce, and teams with the best attorneys could just ignore it, as Manchester City and Paris St-Germain had done in the past.

“If Rangers feel these restrictions have teeth, they’ll need to be cautious when it comes to recruiting, especially because their funds have always been tight in recent years.

“They’ve worked extremely hard to get here, but they’ll just have to keep an eye on things. Previously, it was up to the SFA to investigate their clubs’ finances, but Celtic and Rangers are their most valuable assets, thus the SFA would never refuse them European licenses.

“That’s why it wasn’t working: bad governance. It was the same across Europe, and I’m not surprised the SFA stayed out of it. There was a conflict of interest, and UEFA undoubtedly recognized it.”

Questions about Rangers’ summer spending increased when arch rivals Celtic spent more than £20 million and remained active until deadline day. However, Mitchell feels the Ibrox side can still overtake their wealthier opponents domestically, having done it just two years ago.

He stated, “When Rangers stopped the 10, Celtic spent a lot more than they did on players that year, but Rangers cruised to the title.” Of course, UEFA’s meddling has hampered Rangers significantly, but clever recruitment and strong coaching may make up for it.”

Get more related news on https://sportviewers.com