The Rangers academy product left Ibrox for Nottingham Forest in a cut-price deal in July.
Rangers chairman Dave King has admitted that the Ibrox side badly managed Barrie McKay’s sale to Nottingham Forest.
McKay has made a mockery of his £500,000 transfer fee since his July move to Forest, scoring four goals and creating another seven in 18 appearances for his new club.
And speaking at Rangers’ AGM on Thursday, King told the Daily Record that the Auchenhowie product should have fetched €2 million [£1.8 million] – around three-and-a-half times’ that amount.
The reality is that McKay would have been worth even more had he not been in the final year of his contract at the time of his sale, prompting Rangers to cash in at £500,000 rather than risk losing him for next-to-nothing in 2018.
It is unclear whether the deal to take McKay to Nottingham Forest includes a sell-on clause from which Rangers could eventually profit.
McKay has helped Forest into play-off contention this season, six months after they narrowly avoided relegation to the third tier of English football.
Would €2 million have been a fair price for McKay?
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