Following R.S.C. Anderlecht’s two-point deduction, Rangers moved up to third place in the Europa table.

After Rangers reported a £17.2 million pre-tax loss, a football financial expert has cautioned the team about possible penalties that UEFA may impose.

John Gilligan, the club’s interim chairman, is making an effort to provide financial stability as fans’ worries have grown as Philippe Clement’s team is now nine points behind Aberdeen and Celtic.

However, the annual profits were announced, giving Ibrox bettors even more cause for concern after a poor season.

With player amortisation down from £2 million to £11 million and wages being cut by £3 million from £64 million to £61 million,

Gilligan and the board have been working to limit the squad’s expenditure expenses.

However, with UEFA preparing to come down on clubs for their extravagant pay costs,

Dan Plumley believes that the Scottish Premiership heavyweights may still be in the driver’s seat. Currently,

85 percent of outgoing revenue can be used for player wages and amortization under the Financial Fair Play standards set by European football’s governing body.

However, the amended guidelines aim to reduce it to 70 percent.

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