PORTO, PORTUGAL - JANUARY 29: Danny Rohl, Head Coach of Rangers FC looks on prior to the UEFA Europa League 2025/26 League Phase MD8 match between FC Porto and Rangers FC at Estadio do Dragao on January 29, 2026 in Porto, Portugal. (Photo by Jose Manuel Alvarez Rey/Getty Images)

With the £5M signing of Ryan Naderi, it took January’s final total of spending to around £14M, and potentially £23M if Andreas Skov Olsen’s deal is made permanent. £5M on Naderi, £5M on Chukwuani, £4M on Rommens and the theoretical £9M on Skov Olsen too.

Ibrox Noise reported to you some many weeks ago after the window opened that Danny Rohl had been given a January budget of around £20M.

Our sources told us that while there was naturally wiggle room around this, that was the ballpark figure.

And yes, the spending this January matches that, give or take.

It is the most expensive January window Rangers have ever had, smashing previous records by absolute miles.

Indeed, aside Raskin and Cantwell for a combined £3M in January 2023, Rangers’ all-time record that window had been Walter in 2007 on Kevin Thomson. £2M.

This January has seen astonishing numbers...