'Talks held' over major Rangers cash injection as Celtic ace named 'bargain of the season'

Celtic and Rangers are set for massive midweek clashes today, as Celtic square off against Dundee and Rangers travel to Pittodrie to take on Aberdeen. In the meantime, here are all the biggest rumours from around Scotland’s top division?

Rangers could be set to receive a cash injection amid financial losses - meanwhile, A Celtic star has named one of his teammates as the ‘bargain of the season’ in a recent press conference before their games against the Dee this evening.

Rangers could provide cash injection to offset losses

Rangers’ financial situation is not looking particularly healthy at the moment - a recent report has revealed net losses of £17 million over the last year - as such, Rangers director John Halsted has opened the possibility of pumping money into the club to offset this.

An excerpt from Rangers’ latest financial report reads [via the Scottish Sun]: “Subsequent to the year end, the Directors have approved the conversion of £9.0 million existing debt into equity with the remaining loan balances being converted to a new long-term facility.

“As part of the refinancing, the club will draw down a further £4.0 million in debt funding. Additionally, our investors continue to be supportive and have agreed a funding plan to raise an additional £8.6 million of equity.”

James Forrest claims Luke McCowan is the ‘bargain of the season’

Celtic fan favourite James Forrest has been very complimentary of one of Celtic’s new signings - he gave a glittering review of Luke McCowan, noting how seamlessly he has ‘settled’ into the dressing room.

McCowan was snapped up by Celtic in the summer transfer window from Dundee for a fee that is believed to be in the region of £1 million - he signed a three year deal upon his arrival at Parkhead.

Speaking in a press conference, Forrest mused: “All of the new players have settled in off the park, and we could see from the first day in training they would settle in on it. The first training session Luke had was the day before the Rangers game and right away he came in and looked really confident.

“You could tell he was really buzzing to have signed. He’s just kicked on. He’s settled in the changing room and you see his performances on the park. Could he be one of the bargains of the season? Definitely.

“You’ve seen it already with the impact he’s made from the bench and it was good for him to get a start the other day. He’s a Celtic player now and doesn’t look out of place. He’ll want to keep going and build on this.

“I think if you asked Luke, he’d say the most important thing for him right now is to concentrate on here and if he keeps doing what he’s doing then he’s definitely got the ability, confidence and character to be involved with Scotland. He’s made the step up to Celtic and I’ve got no doubts about him if he gets called up.”