Gers not looking to sell - Murray

Boyd nearly joined Birmingham in January

Rangers chairman Sir David Murray says he has no plans to sell the club's top players after gaining entry to this season's Champions League.

In January, Rangers said they would have to offload at least one major player as they counted the cost of an early European exit.

"The Champions League enable's us to retain our better players," Murray told the Rangers website.

"But, if we get an unbelievable offer, we would have to be realistic."

And Murray moved specifically to allay the club's fears over the future of defender Madjid Bougherra.

"I'm aware of speculation about Madjid," said the chairman. "But, as I said, we don't want to lose our best talent.

"We are no different to any other club in that, if we receive an offer that is well above valuation, we have to consider it.

"But we are not promoting the sale of our top players."

Being honest, it was crucial to win the league

Rangers chairman Sir David Murray

The Glasgow club will net about £1m from the sale of Barry Ferguson upon completion of his move to Birmingham City.

That will boost the Ibrox coffers after they posted a pre-tax loss of £3.9m for the six months to December 2008.

Charlie Adam is also considering a transfer to Blackpool, while defender Andy Webster has moved to Dundee United on a season-long loan.

In January, manager Walter Smith said the club was looking to sell one of its top players to boost income and reduce the wage bill.

Striker Kris Boyd looked like leaving Rangers for Birmingham in that transfer window with the clubs agreeing a fee, but the player was not happy with the terms offered to him and he stayed in Glasgow.

Murray said their Scottish Premier League success last season, and guaranteed Champions League windfall, has given the club some much-needed financial stability.

"Being honest, it was crucial to win the league," he said. "If we had not done so, it would have hit us financially."