Rangers held their AGM today, with the club and its board subject to questions about the running of the business levied by shareholders.
In an address to the audience, Rangers' chief financial official James Taylor confirmed that the club brought in just £800k from player trading sales, while admitting that "the process has not been working for a number of years."
Taylor added that in order to be more financially viable in this area, the club must re-evaluate the types of players that join Rangers in favour of those brought in on "more sustainable" levels.
Read more:
- Every word from Nils Koppen's AGM speech on Rangers wage bill slash
- Rangers AGM RECAP: Transfer fees and huge board change
Technical director Nils Koppen then expanded on Taylor's sentiments – the entirety of which can be read here. A snippet of Koppen's presentation can be read below.
He said: "In addition to James [Taylor's] piece around the player trading model and our absolute need to improve that on a system-based, we installed some key principles throughout the last two transfer windows as you all can see on the slide that's been shown.
"One of these key principles was to reduce the average age of the squad and you can see the average age of the player at that club in the last window and on the other side, you can see the average age of the young talent signed. So, the difference between 29.7 and 23.5, that's a big difference and it's one of the key principles that we want to have.
"The second thing is normalizing the wage structure. You see the total cost, the standard cost of the previous season was £41 million, circa £41 million. The current team is running up around £35 million, that's a big difference.
"I think the most important thing was to create value inside of this team. I think that's the most important principle that we had to implement.
"So for us, these principles are key in the recruitment strategy and the windows to come and to be sustainable, consistent, willing, and non-negotiable."
