Report estimates at Caixinha's transfer budget after King promises Rangers boss every penny generated from record season ticket sales

New Rangers manager Pedro Caixinha during the press conference

New Rangers boss Pedro Caixinha is preparing for his first transfer window since being appointed at Ibrox.

New Rangers manager Pedro Caixinha during the press conferenceNew Rangers manager Pedro Caixinha

Rangers chairman Dave King has promised that every penny generated from the club's record season ticket sales will go towards Pedro Caixinha's summer transfer budget.

Despite finishing disappointingly in third position in their first season back in the Premiership, Rangers have already filled 35,000 seats for the coming campaign, with sales expected to surpass last year's total of 43,000.

And according to the Scottish Sun, it could amount to a whopping £13 million.

"All of our season ticket money will be invested in the football squad as we continue to work towards taking our club back to the very top of Scottish football," King is quoted as saying.

Rangers chairman Dave KingRangers chairman Dave King

"The fact that we have already reached almost 35,000 renewals - against what has been a backdrop of transition and managerial change - demonstrates the terrific fan base that we have."

Rangers could end the season more than 40 points behind Old Firm rivals Celtic, who have already secured their sixth straight Premiership title.

And Caixinha is expected to make mass changes to the squad he inherited from Mark Warburton little over two months ago, with anything less than a significant improvement unlikely to be tolerated.

Earlier this week, the Portuguese claimed he was closing in on his first Ibrox signings, having been linked with a succession of domestic and overseas players.

HITC Sport sources understand that Aberdeen midfielder Ryan Jack has already agreed a move to Rangers, although he won't cost a penny in transfer fees as his contract expires this summer.

Ryan Jack celebrates after scoring for AberdeenAberdeen midfielder Ryan Jack

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