James Penrice

In September 2026, reports on the loan to Rangers detailed a purchase option, with figures cited between €1 million and €2 million. The initial loan in August 2026 reportedly cost Rangers a €500,000 fee. Earlier, in July 2026, Celtic were reportedly quoted a price of approximately £4 million (around €4.7 million), while AEK's asking price was said to be €2.5 million. In January 2026, AEK reportedly rejected a bid from Rangers valued at approximately €3.5 million. The player's transfer from Hearts to AEK Athens in July 2025 was completed for a reported €2.3 million.

Our valuation is driven by the consistently reported option-to-buy clause included in the loan agreement for James Penrice's move to Rangers in August 2026. While reports vary on the exact figure, they establish a clear range of €1 million to €2 million for the permanent transfer. This recent, negotiated price point is a stronger indicator of current value than higher historical figures, such as a reported rejected bid of €3.5 million in January 2026, and reflects the player's situation at AEK Athens prior to the loan.