Rangers chief makes exciting transfer cash promise as club aim to banish lingering £10m figure
Rangers chief makes exciting transfer cash promise as club aim to banish lingering £10m figure
James Taylor, the chief financial officer of the Rangers, said that manager Philippe Clement and the Ibrox
recruitment team will have access to cash.
The Premiership team added three new players during the January transfer window. Oscar Cortes joined on loan
Rangers permanently in the summer for a reported £4.5 million.
they pursue transfer fees. “We will look to utilize those funds and build the squad,” he stated.
“The financial benefit is distributed over several years, even if we only recognize it in one. We are starting to
recognize the advantages and benefits of that football board as we proceed, and it is crucial that the finance industry
and the football board are completely integrated.”
“had to go away” to shareholders before the AGM. Rangers’ most recent set of financial statements showed an
operating profit of £250,000 for the year that ended on June 30, 2023, but a £4.1 million net loss due to lower
overall sales than the year before.
In describing his strategy for the upcoming five-year fiscal cycle, Taylor continued, “There are several aspects to how
we address that.” It’s evident from watching numerous football teams that this is a difficult goal to achieve.
However, it’s a goal that we as a board and as executives should set for ourselves and that we think we can achieve.
We believe we are headed in the right direction, but it will probably take the first part of the strategic cycle to truly
execute on that and deliver on it 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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