Rangers announce £14m loss

Rangers have announced operating losses of £14.4m in their annual accounts, reports BBC Sport.

Rangers have announced operating losses of £14.4m in their annual accounts, reports BBC Sport.

Revenues totalled £19.1m and staff costs £17.9m.

The club raised £22m through a share issue in December and have£11.2m cash in the bank on 30 June, £4.5m of which came from season-ticket sales.

 
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