Graeme Souness insists Rangers must find £50MILLION for 4 players as he outlines plan to close gap on Celtic

Graeme Souness reckons Rangers need to splash £50MILLION on up to four quality additions to close the gap on Celtic.

The Light Blues legend conceded the Hoops were the better team in the 3-0 Old Firm derby victory but denied it was a pasting for his old club. And the 71-year-old knows it’s cash that’s needed to become more competitive against their arch-rivals in the Scottish Premiership.

Souness told William Hill’s new podcast, Three Up Front, “Right now, there is gap between Rangers and Celtic, but it’s not insurmountable. Three or four quality signings could make the difference, but Rangers don’t have the money right now. If they were to spend £50 million, it’d be nip and tuck between the two of them. Rangers were the same as Liverpool last season, both could have won the league if they’d won the last ten games, and neither of them did it.

“Celtic were the better team, I’m not denying that, I just didn’t think that Rangers got pummelled in the Old Firm derby.

"Jack Butland only had two saves to make, although he did need to pick the ball out of the net three times. Two more shots on target all game, is that a suggestion they were on the back foot? No. That said, Celtic have better strikers than Rangers do right now.

“Losing yet again is a really bitter pill to swallow for Rangers. But, I have been in football a long time and I know how quickly things change. There was a time where Celtic won nine titles in a row, and the Rangers fans would have been thinking, ‘this is it, we’re never going to win again’. They did come back, though, and then they went on to win nine in a row.

“Rangers just need money now. They finished second last year and spent £14 million on new players, Celtic spent double that and they won