Olwethu Makhanya

In August 2026, Olwethu Makhanya completed a transfer from Philadelphia Union to Rangers for a fee widely reported as £3 million (approx. €3.6 million), though some reports cited figures as high as £3.38 million (approx. €4.0 million) or $4.5 million (approx. €4.2 million). Just prior, in July 2026, Philadelphia Union reportedly had an asking price of £6 million (approx. €7.1 million) and rejected an offer of over €3.5 million from an unnamed Belgian club. Some reports also suggested Rangers were initially targeting a deal around £5 million (approx. €5.9 million). The player's Transfermarkt value is listed as €2.0 million.

Our valuation is driven by the very recent August 2026 transfer of Olwethu Makhanya to Rangers. The most consistently reported fee was £3 million (approximately €3.6 million), which serves as our primary benchmark. This figure was reached despite Philadelphia Union's initial asking price of £6 million, influenced by the player's desire to move and a recently rejected bid of over €3.5 million from another European club, providing a clear, market-validated price.