How much Rangers are spending on transfers as second biggest fee in 20 years balanced by Bosman buys and Sima loan

Michael Beale is closing in on summer signings number eight and nine as he continues what he admitted would be one of the biggest ever rebuilds in the history of Rangers this summer. It’s also cost a fair few quid.

The Ibrox boss has a clearer idea of the Champions League challenge facing him after Monday’s draw paired the Light Blues with either Genk or Servette in the third qualifying round. And before the first leg of that tie they face Kilmarnock in the Scottish Premiership opener.

Beale will want to ensure the team is exactly how he wants it and everyone up to speed for the competitive action getting under way. Speaking towards the end of last season, the Englishman admitted: “There’s no restrictions on budget. There is money to spend in the summer and it’s a good amount for a Rangers manager compared to what I’ve seen in recent years.”

On top of the cash already set aside for Beale by the Ibrox board, they have banked around £2.5million from the sale of Antonio Colak to Italian side Parma and could top that up by £500,000 if Scott Wright’s move to Turkish side Pendikspor. The transfer window runs until September 1 so there is time for more ins and outs but here Record Sport looks at what has already been splashed out and what is likely to be spent in the coming weeks.

Danilo (£6 million)

The pursuit of the Brazilian has turned into a protracted one but it looks to be finally reaching a conclusion. And the 24-year-old would likely be the biggest piece of the jigsaw for Beale. His admiration for the former Ajax youth player is clear and the fact Rangers would have to pay the biggest fee since signing Mikel Arteta just over 20 years ago shows they mean business – not to mention reported wages of £39,000 a