Makhanya value quadruples to £12m just months after Rangers switch

Defender's market worth rockets after Ibrox arrival

Rangers summer signing Olwethu Makhanya has seen his valuation soar dramatically, with fresh data from the CIES Football Observatory suggesting the South Africa defender is now worth a staggering £12m.

The figure comes just months after Rangers paid Philadelphia Union a reported £3m to bring the 20-year-old to Ibrox, meaning his assessed market value has quadrupled inside a single transfer window according to the football research body's modelling, as reported by Football Insider.

The swift revaluation will be sweet news for the Ibrox hierarchy, who moved early in the summer window to secure the young defender's signature from Major League Soccer outfit Philadelphia Union. The sharp upward adjustment underlines the reputation Makhanya has built since his switch to Scottish football, and adds significant weight to the club's investment in his long-term development.

Neither Rangers nor the player's representatives have publicly commented on the CIES valuation, which is understood to factor in age, performance data and projection models.