Olwethu Makhanya's value rises to £12m after Rangers transfer

Olwethu Makhanya, recently signed by Rangers from Philadelphia Union for £3m, has seen his market value increase to £12m, according to the CIES Football Observatory. The defender's move coincides with Celtic midfielder Benjamin Nygren stating that Celtic is still recovering from their Champions League exit. Rangers' summer acquisition marks a significant rise in valuation within a short period, reflecting his potential impact on the squad. Meanwhile, reports indicate ongoing adjustments for both clubs following their recent performances in European competitions.

• 7:01 AMYahoo Sports — Makhanya price tag soars after Rangers move - gossip
• 7:01 AMBBC Football — Makhanya price tag soars after Rangers move - gossip