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Galatasaray set to offer Rangers £5million for Madjid Bougherra
Europe Soccer News
Galatasaray are preparing to test the financial stability of Rangers with a £5million bid for Madjid Bougherra.
Sportsmail has learned that the Turkish giants have established informal contact with the Algerian defender's camp to establish whether a move to Istanbul would appeal
Team-mate Kris Boyd is considering lucrative offers from Turkey, while former SPL stars Michael Stewart and Billy Mehmet have signed lucrative deals there this summer.
Rangers received a massive boost this week, retaining manager Walter Smith for a further season.
But as chief executive Martin Bain promises to reinvest Champions League money in new signings following an agreement with Lloyds Bank, the quest to retain players faces a fresh examination. Galatasaray coach Frank Rijkaard has authorised sporting director Adnane Sizerin to seek a replacement for exiting defender Servet Cetin.
Juventus and Panathinaikos are also interested in Bougherra as Rangers consider a bid from Liverpool for Danny Wilson. Currently at Algeria's World Cup training camp in Switzerland, Bougherra will miss Friday's warm-up game with the Republic of Ireland in Dublin following a calf tear.
Believed to have prioritised a move to a top Premiership club, the defender said yesterday: 'I do not care about a transfer. The only thing that worries me is my rehabi l itation and preparation for the World Cup.'
Rangers chairman Alastair Johnston, meanwhile, insists the retention of Smith proves it is business as usual at the SPL champions.
Internet sites buzzed with rumours yesterday that Andrew Ellis was close to completing a takeover.
Those rumours were later dismissed by senior sources as Johnston, who had challenged Ellis to put up or walk away, said: 'It's not a question of being fed up waiting. He can take as long as he wants. But we are moving ahead with our business, demonstrating that the ship is stable.
'Circumstances change by the day. In the last 10 days, we have reached an agreement with the bank in terms of our business plan, we have signed a management team and we are acting as if there is no reliance on a change of ownership for the club.
'If there is a change and it takes in the best interests of both parties, then we will address that.'
Smith's decision to sign a new deal had been interpreted in some quarters as a sign of more secure times ahead but Johnston insisted: 'The timing is coincidental. The discussions were separate from any concurrent discussions which might have been taking place.'
