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.
For breaking stories and all the great banter like us on Facebook: facebook.com/tribalfootball