Despite posting a record revenue of more than £90 million, Rangers have registered a loss for the second consecutive year.
The latest set of financial figures to the year end 30 June, 2025, show turnover at £94.1m, up 7 per cent on the previous 12 months.
The increase couldn’t prevent another loss, however, with the financial report outlining a deficit of £14.8m, down from £17.2m.
The club attributes this loss to player amortisation fees and several player sales being recorded post year-end. Money brought in from the transfers of Jefte, Cyriel Dessers, Hamza Igamane and Ridvan Yilmaz will be included in next year’s figures.
Operating expenses were down 4 per cent at £92.2m (£96.2m), with a pre-player trading profit sitting at £2.7m.
Cash in the bank is up considerably at £30.5m (£1.7m) thanks to the funding supplied by new owners after Rangers were taken over by Andrew Cavenagh and his group of investors six months ago.
James Taylor, chief financial officer, said: “Our goals are clear: to win now, win in the future, and do so in a sustainable manner.
“To accomplish these financial goals, we need to align expenses with revenue and develop a player trading model.
“Over the past two years, we have made considerable progress on aligning revenue and expenses although there remains work to be done.
“While player trading remains an area where we can further strengthen our financial performance, the sales completed post season-end show that gains achieved on investments made in previous windows can be reinvested in continued squad building.
“The new equity investment completed in May has strengthened our financial base. As we continue to progress on our financial plans, we will be able to continue to invest responsibly in the team, our facilities, and our long-term future.
“Our focus is on maintaining that balance, investing in football performance while keeping the club on a sustainable financial footing.”
source