WALTER SMITH has bluntly warned Rangers fans not to expect any new signings to replace Barry Ferguson. The 31-year-old completed his �£1m move to Premiership new boys Birmingham City on Friday, freeing up some �£25,000 a week in wages, but Smith confirmed last night that the Ibrox club are still in no position to bring in a replacement.
"We'll not be bringing anybody in as it stands at the present moment," Smith said. "The transfer doesn't allow us anything like that. The chairman has spoken about the financial aspect. It's just something we have to adjust to. We've said we'd have to sell players before we can buy so we have to wait until a situation arises before we can make any judgment on bringing anyone in."
One such eventuality which could free up funds for the Rangers manager would be a sizeable bid from either Bordeaux or Wigan Athletic for Madjid Bougherra, but despite fevered speculation in certain newspapers, Smith has heard nothing.
"No-one has been in touch with us about Bougherra," Smith said. "I've seen a denial from their president, and I've seen another paper quoting him as being interested, so even he doesn't seem to know. But no-one has talked to us, which would normally be the first port of call."
Ferguson's return to the Premiership four years after he left Blackburn for Govan is as neat a resolution as possible to the conundrum caused by the "boozegate" row and the final 12 months of the player's contract. Smith admitted last night his departure was the "best thing" for everybody, and tipped the player to be a success south of the border.
"I think it is the best thing for both parties, taking into consideration everything that happened last season plus the fact he's coming into the last season of his contract anyway," Smith said. "He's a good player though, of course he'll do well. He's had the experience already although the last time he went to Blackburn he was hampered by a serious injury. But that shouldn't hide the fact he did well down there, anyone who saw him play at that time will tell you that. It's not another world of football. He's a good player and he can go and play in it."
Who knows, maybe new signings are overrated in any case. With Celtic having already spent �£3.8m on Marc-Antoine Fortune, Smith would no doubt prefer to have a massive transfer kitty at his disposal this summer, but the Rangers manager still managed to speak convincingly of his hopes that the sense of continuity and new-found confidence around the younger members of his squad after last season's SPL title win can help them hit the ground running. Wheeling and dealing did Rangers few favours last season as they crashed out of Europe to Kaunas.
"We have a younger group - Steven Whittaker and Kevin Thomson are typical of them - who are starting to meet the demands of playing," Smith said. "They are starting now to gain the necessary experience to impose themselves in games and I am hoping that can happen with a number of the younger ones like Kyle Lafferty and Steven Naismith. They have won a championship there and we have not lost a lot of players who played in that group last year. I would hope with the better level of experience that will help them greatly."
The same sense of evolution rather than revolution applies to the even younger elements of the team, namely John Fleck, who Smith feels has made further progress since last season. "I would hope that John Fleck would step a little bit further forward," he said. "We are still talking about a young lad, but he got a bit of experience last season and like the rest of them I am hoping he can gain a bit of confidence from that. So although we might not have new players at the start of the season I think we have certainly got a group who will look forward to starting the season and hope that quite a number of them are coming into what I would look upon as the best spells of their careers."
Having said all this, whoever picked Rangers' first home opponents of the pre-season clearly does a wicked line in black humour. Manchester City will arrive at Ibrox in early August having lavished �£85m of Sheikh Mansour bin Zayed al-Nahyan's money on a combination of Carlos Tevez, Roque Santa Cruz, Gareth Barry and Emmanuel Adebayor, with millions more on the table for Joleon Lescott or even John Terry. "They may have two or three other signings by the time we play," Smith says, only half-joking.
While the collapse of the Setanta deal, and stillbirth of the Old Firm TV plan didn't do Rangers' finances much good, Manchester City's wealth is above and beyond such mundane matters. "This goes beyond TV money in England," Smith said. "This is about wealthy individuals putting money in and the Premiership giving them the profile they want. They're obviously buying an awful lot of players and having a push at breaking into England's top four clubs. It'll be interesting to see how that goes. If you look at the clubs at that level just now, they're all solid enough clubs, there's a steadiness about them.
"Mark Hughes did exceptionally well at Blackburn but people need to have the patience to allow a team to settle in," he added. "It's okay to buy a number of players, as he will do between now and the end of August, but they have to have time to gel and become a team. I think we will see them pushing to get into the top four - whether they get there or not is another thing. I think we might end up with five teams at the top. It's not quite as easy as saying We'll spend a lot of money and get there' but football has shown that if teams are well run and spend a lot of money, then they'll get a level of success."
While Manchester City are collecting players, Rangers can't get rid of them quickly enough. Ferguson's departure, coupled with those of Brahim Hemdani and Christian Dailly may have freed up a total of �£50,000 a week, but with Charlie Adam prevaricating over a proposed move to Blackpool, the club are still three or four players heavy to reach the chairman's stated target of a slimline 20-strong first team pool plus youngsters. Having benefited from their depth of squad at the tail end of the previous campaign, Smith hopes that he won't be left too light when the injuries and suspensions kick in.
So will the squad be big enough? "It depends how many leave," Smith says. For the moment at least, the player movement at Rangers will remain one-way traffic.
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