Rangers Report £17.2M Loss Amid Changes

Rangers have reported a pre-tax loss of £17.2 million despite achieving record revenues of £88.3 million, largely due to a significant wage bill and a £7.9 million player trading deficit during the Michael Beale era. The club's accounts reveal that they received only £800,000 in transfer fees since June 30, raising questions about the financial handling of player sales, as much of the money reportedly went to cover player contracts. To address their financial situation, Rangers are set to borrow an additional £4 million and have agreed to another £9 million in loans. Additionally, the club settled a legal dispute with Elite for £3.8 million. Despite these challenges, they have made strides in reducing player trading losses and eliminating litigation claims, while also undergoing significant leadership changes. The ongoing redevelopment of the Copland Road stand has faced delays, prompting apologies to supporters for the inconvenience.