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The Football Show · 30 September 2026
"It would be financial madness." Peter Martin, Alec Rae and Allan Rough on why Rangers should not spend 20m on Lewis Ferguson - and why the whole story was never real.
The panel break down the Lewis Ferguson to Rangers talk: yes, there is a family connection through his dad Derek and uncle Barry, but at his age and profile a 15-20m fee with no sell-on value would be madness - the smart move is to wait until he is out of contract and pay the wages, not a fee. They argue the 20m story was a nonsense floated during International Week, when transfer valuations get invented from thin air, and get into what Rangers have actually paid, the Kevin Phillips lesson on selling value, and how recruitment data stacks up against the eye test.
CHAPTERS
0:00 Lewis Ferguson's Rangers dream: a late-career move at best
0:24 Why 15-20m for Ferguson would be madness (no sell-on value)
2:06 "The whole thing's been a nonsense": a story that was never real
2:55 20m should buy a match-winner, not Ferguson
3:20 What Rangers actually paid: the profiles that make sense
4:05 The Kevin Phillips lesson: no selling value
4:48 International Week: journalists filling pages with transfer nonsense
5:59 The Charlie Adam wind-up
6:21 Consistency, and the Engels-to-West-Ham 20m example
7:07 Recruitment: data and running-power vs the eye test
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