All summer, we've heard reports of Rangers players being linked with other clubs, but as of time of writing, the only paid exits this summer have been Mohammed Diomande's move to Corum in Turkey; Oliver Antman joining Anderlecht in the Belgian league, and Jack Butland's departure to Hull City as part of the deal that saw Ivor Pandur arrive at Ibrox as the club's new goalkeeper.
These three moves, in tandem with loan fees for Danilo (Botafogo) and Nedim Bajrami (Al-Taawoun) have brought in around about £12 in transfer fees.
Given the current spent outlays of roughly £25 million in outgoing transfer fees (before any further business is done this window - Kevin Kelsy for example), Rangers are running at a transfer loss of around £13m at time of writing.
Rangers still waiting on Nico Raskin bids
Now all this could be offset with a big sale - like Celtic managed with the £22m sale of Arne Engels, however the big bids have still to materialise for some of Rangers most sellable assets.
Nicolas Raskin has long been coveted for a transfer this summer, off the back of a successful World Cup campaign with the Belgian national team, but why has a team come in and paid for Engels and not the player that keeps him out of the national side?
Are Rangers looking for too much money, or is Nico no bids, not attracting the type of interest expected for the second summer in a row.
Chermiti injury means Rangers go into pockets once more
Obviously Youssef Chermiti's untimely ACL injury in the Hibernian game was a freak accident - but one with huge financial ramifications, as Rangers have now had to go out an buy his replacement in Kelsy, without receiving the club record transfer fee from Galatasaray they were holding out for after rejecting their initial £22m offer.
Chermiti being injured wasn't the main reason behind Rangers European failures, but after hugely disappointing losses to Jagiellonia Bialystok, and FK Jablonec - a big sale to balance the books, or at least allow for further spending in the closing days of the window.
Rangers failure to move on big assets hurts the profit and loss ratio, however more significantly has been the inability to move on players surplus to requirements, leaving a bloated squad without the necessary quality fans believe is needed to challenge for silverware.
With John Souttar, Clinton Nsiala, Ross McCausland, Jose Cifuentes, Lyall Cameron and Bojan Miovski all way down the pecking order and likely to see little to no first team football this season, these are wages that could be used elsewhere - and an argument can be made that only Miovski may fetch a reasonable transfer fee should rumoured interest from Feyenoord turn into a late transfer (even if on loan with an obligation to purchase).
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