news updates How Rangers want to save £10 million in the wake of the transfer budget guarantee made by Ibrox Financial Chief
news updates How Rangers want to save £10 million in the wake of the transfer budget guarantee made by Ibrox Financial Chief
Rangers chief financial officer
news updates How Rangers want to save £10 million in the wake of the transfer budget guarantee made by Ibrox Financial Chief
has laid out ideas for how the team will break even during the upcoming five-year
financial cycle.
In the club’s most recent set of finances, the Ibrox team revealed a £10.5 million pre-player trade deficit, a figure that chairman John
Bennett acknowledged needed to be adjusted. In contrast to £919,000, Gers reported a net loss of £4.1 million for the year that ended
June 30, 2023, despite posting a comparatively modest operating profit of £250,000.
And although he acknowledged it would take some time, Taylor, who was named chief financial officer in August of last year, has
revealed how the Glasgow giants want to become self-sufficient in the upcoming years.
be sure, as you will see by watching a variety of different football teams, but it is one that we as executives and a board should set for
ourselves and one we are confident we can meet
“We believe we are on the right track, but it will probably take the first part of the strategic cycle to truly execute on that and deliver on
that consistently. We are witnessing the results of the adjustments we made throughout the first four or five months. However, it will
require some time to ensure that we have that figure going forward and to eliminate the £10 million.
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