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

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.

“There are a number of different facets around how we make that go away,” he said to the Rangers Review. That is a difficult goal, to

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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