Philippe Clement has signed a £9 million development deal with Rangers ahead of the January transfer window.
According to finance experts The Swiss Ramble, the Rangers’ wage bill increased by £9 million during the 2022/23 season.
On Friday (17 November), they reported that payroll costs had risen from £55 million to a record £64 million.
This is undoubtedly good news for Philippe Clement ahead of the January transfer window because it indicates that money is available to be spent at the club.
Wage increases may result in more transfer spending because higher wages may attract top-tier talent to the club, making it more appealing for skilled players to join or stay with a team that offers lucrative contracts.
This influx of talent has the potential to strengthen the squad and increase its competitive edge.
Increased wages are frequently associated with a club’s financial health and stability, as when a club is financially sound, it is more likely to have the resources to invest in transfer fees and contract buyouts for desired players.
Furthermore, increased pay for existing players can contribute to their increased market value. If a club decides to sell a player, the increased valuation may result in higher transfer fees, allowing for more funds to be spent on new signings.
Gers has previously used a self-sustaining model, so there is no need to be concerned about them breaking FFP rules.
Hopefully, work on new signings has begun, as they require at least two more faces in the January transfer window.
