Russell Martin given assurances as Rangers seek Conor Coady swoop
With the new era at Rangers underway following the 49ers-led takeover, new manager Russell Martin has been handed a clear mandate: reinforce the squad to challenge for both domestic and European honours next season.
Central to Martin’s strategy is the pursuit of Conor Coady—the 32‑year‑old England international currently at Leicester City—who has been identified as the first priority defensive signing . Coady, who has amassed over 300 appearances for Wolves and Leicester combined and earned 10 England caps, is ideal for Martin’s ball-playing philosophy and leadership needs .
Funding the bid
To facilitate the move, Rangers have initiated contact with Leicester and been reassured that funds will be released following the sale of striker Cyriel Dessers . The American ownership group, led by Andrew Cavenagh and 49ers Enterprises, have confirmed a £20 million budget injection for transfers . That option seems critical given Coady’s one-year contract and Leicester’s need to reduce their wage bill after relegation . Reports suggest while Rangers may need to offer a pay cut, they’re prepared to offer a longer contract term .
A leader for Martin’s defence
Martin sees Coady as more than just a centre-back. Known for vocal leadership and organisation at the back, he’s viewed as a potential successor to club captain James Tavernier—who Martin backed but whose performances have been inconsistent . Coady’s ability to play from deep aligns with the coach’s possession-based game plan .
Martin moves fast
Since his official appointment on June 5, just days after the 49ers takeover, Martin has accelerated plans to overhaul the squad . The Coady enquiry is considered the first move in a transfer window anticipated to include a host of signings—most notably England midfielder Flynn Downes, young defender Harry Darling, and attacker Dor Turgeman .
Timeline and next steps
Coady remains under contract through to summer 2026, but Leicester’s drop to the Championship and managerial uncertainty under Ruud van Nistelrooy make him increasingly available . Rangers are now working on structuring an offer combining a modest transfer fee, long-term contract, and club leadership role—possibly even the captain’s armband should Tavernier move on .
The significance of Coady’s recruitment extends beyond strengthening the defence: it signals Martin’s growing influence and ambition at Ibrox. Fans now eagerly await further business, including midfield and wing reinforcements, as pre-season approaches.
