Are Glasgow Rangers in big financial trouble?

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Teddy Bears prepare to sell their captain and top scorer

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One of the biggest surprises in transferland today is the announcement that Rangers will almost certainly sell Kris Boyd to Birmingham by the end of the week. The striker has scored a whopping twenty goals already this season, and has been the Gers top scorer for three seasons running. Understandably, his sale to a Championship side for just £3.5m has raised more than a few eyebrows in the Scottish capital [er, of football – Ed.].

Captain Barry Ferguson is also said to be on the move for a similar price, although Walter Smith this week denied a move from Newcastle Utd for the player.

Owner Sir David Murray has made no secret of his desire to trim down his squad, arguing that the club lost £10m in projected revenues when they dismally crashed out of the Champions League qualifiers.

During an emergency transfer strategy meeting, Smith and Murray reportedly agreed that Allan McGregor, Madjid Bougherra, Pedro Mendes, Steve Davis and Kevin Thomson are “untouchable”, but will deal with their estimated £20m debt by shifting ten players.

According to whispers on talkSPORT this morning, however, the entire first team is up for grabs.

What exactly is going on north of the border? Is David Murray in a deeper financial mire than he is letting on, or is his fire sale simply a lesson in how notto run a football club? Let us know your opinion on the matter below.

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