KRIS BOYD fears Rangers boss Pedro Caixinha will have his hands tied this summer as he bids to overhaul his Ibrox squad.

The Portuguese will be given funds by the Light Blues board and many fans are hoping for radical changes to the Gers ranks.

But former striker Boyd reckons Caixinha could find it difficult to move players on and free up space and wages at Ibrox.

He said: "Is there anybody going to buy any of these players?

"These guys are probably on the most they will ever earn in their careers so they are not going to leave.

"As a new manager coming in, he will have an opportunity to sign players.

"Every manager will have a shopping list but where is the money coming from to turn it round?

"You've still got a squad of 20 players and I can't think of any of them, apart from Clint Hill, being out of contract in the summer.

"You'd have to get rid of them one way or another, but the wage bill can't jump away back up. It's about balancing everything.

"The big problem is that when you tell people they are not needed, they will just down tools.

"When they are told they are not needed, you have to find money to pay these guys off. They become a hindrance hanging about the place."

Caixinha has seen his side crash to successive defeats to Celtic over the last fortnight and Rangers are now 36 points adrift of their Old Firm rivals in the Premiership.

It has been a miserable campaign for the Gers and Boyd said: "The gap is getting even wider. When you do something mid-season you usually get a reaction from the players. I haven't seen any.

"I know there's not been a transfer window but you can always judge what a manager gets out of players in that short period of time.

"Rangers were a far better team earlier in the season. They weren't taking chances but they were dominating games.

"They were difficult games to play against Rangers whereas now it's just like playing against anyone else. The fear factor is not there.”