DJ: Green right man to keep Blues in black

I AM afraid that, like many supporters, the vast majority of talk about the finances of a football club goes way over my head.

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Ally McCoist and Charles Green celebrate new Blackthorn deal
Ally McCoist and Charles Green celebrate new Blackthorn deal

But I could understand why the interim results released by Rangers this week showed they had made a £7million loss.

In the weeks and months after Charles Green took over back in the summer, the big earners from the previous regime were still there – and no money was coming in.

The new owners paid out huge sums of cash before those players left. That was millions down the drain right away.

On top of all that, money had to be shelled out on lawyers to defend the club against all of the charges which were levelled against them during that turbulent period.

Rangers, then, were always going to lose money at the start of this new era.

However, I would like to think that the club is moving forward. Money is coming in from deals with the likes of Blackthorn, Puma and Sports Direct.

In addition to the stadium cash, the wage bill is a third of what it previously was. Yes, season books are cheaper than they were, but if 38,000 people buy them then you are on the right road.

I think the figures that were released this week show that Charles was correct to look into selling the naming rights for Ibrox.

At first, the supporters were dead against it. But I think they now realise the club is changing and money is needed to finance that.

As I have said before, as long as Ibrox is in the title then I think the majority of Rangers fans will accept it.

Sure, there will be die hards who are opposed to the move. But the chief executive did the right thing by consulting the fans at various functions.

If they have approved it then I do not see it being a problem. Anyway, people will still call it Ibrox.

Rangers can't buy any players until January 2014. But the good thing about that is they can still bring in players who are good enough to help the club return to the top flight without splashing out on transfer fees.

The real problem for them will be once the ban is up and they have to spend money to buy a bit of quality help them win the SPL and compete in Europe. To do that, they will have to pay serious money.

I think that between now and the time that Rangers do get back to the top, the focus should be on the scouting system and identifying affordable players who can do a job in the SPL.

Despite their league status, Rangers are still a high-profile club who pay decent wages and play in front of huge crowds. It is an attractive combination.

It will be interesting to see if Jon Daly is one of them. Personally, I think the Irishman, who Ally McCoist has admitted he is interested in, would be an excellent signing.

He is a free agent at the end of the season, is a proven goalscorer at SPL level and can also play at centre-half. Ally would be getting two players for the price of one if he could land him.

I think a centre-half is a priority. Ally has been unhappy with the goals shipped by his team during the 2012/13 campaign. He will be looking to strengthen at the back.

I think he is looking to build a Rangers team capable of playing in the SPL and not just getting them there. So Nicky Law of Motherwell, another player linked with the club, would also be a great addition.

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