Champions League exit could affect transfers, admits Steven Gerrard 

Champions League exit could affect transfers, admits Steven Gerrard 

Rangers head coach Steven Gerrard admits failure to secure a Champions League spot could have an impact on their transfer business. 

Rangers were forced to drop into the Europa League play-offs following a 2-1 loss to 10-mam Malmo on Tuesday, missing out on a potential £30million windfall in the process. However, Gerrard says there had been no suggestion from the board that they would be in a rush to sell players following the loss. 

The Scottish club announced in November last year that they would need about £23m in external investment before the end of this season, and have not paid any transfer fees this summer despite launching a £6.75m share issue.

When asked if anyone might have to be sold or would look to leave, Gerrard said: "Not on the back of the last two results in terms of Europe, but at the same time, I'm well aware of how this club works and how it runs. We are a club that, if the right numbers land for our players, we do have to recycle. I'm well aware of that.

"But nothing has been said to me since the game in terms of being in a rush to do that. Nothing has changed in terms of me wanting to keep my best players here to give us the best chance of being successful."

"I'm not naive enough to sit here and think that the last two results won't have an impact somewhere down the line," he added. 

The loss has led to expectations that the likes of Alfredo Morelos and Glen Kamara might need to be sold to balance the books.

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