Rangers' summer signing of South Korean forward Minsu Kim involved an £8.5 million transfer fee and a long-term contract. The 20-year-old international joined the Gers on an initial four-year deal which includes an option for a further 12 months.
The club can spread the substantial fee over at least four payments, with the estimated annual amortisation calculated at £2.1 million. Kim's estimated salary at his previous club in Spain was around £154,000 per year, translating to just under £3,000 weekly. The average wage within the Rangers squad is confirmed to be above £16,000 per week.
Kim arrives at Ibrox after playing in the Spanish second division last season, first with Andorra and then returning to Girona prior to their relegation. Girona were understood to be keen to sell the player following their drop. Despite making 51 appearances for Rangers so far without scoring, the club views the acquisition as a potential long-term piece of smart business.
He integrates into a Rangers side currently second in the Premiership, having taken 16 points from their opening seven matches. The Light Blues are on a five-game winning run, a sequence that includes a 1-0 victory over Celtic last month.
Minsu Kim said his move to Glasgow has already captured the imagination back home. "Minsu Kim becomes 'stuff of legend' in South Korea already as footage of Rangers star revealed," he stated.
The next test for Kim and his teammates is a home match against Kilmarnock on 10 October, where his continued development will be assessed amid the club's ongoing title challenge.
Background and full detail: Unknown
