Rangers targeting financial sustainability after declaring near £15million loss

Chief financial officer James Taylor is targeting financial sustainability at Rangers after the Ibrox club declared a loss of close to £15million for the year ending June 2025.

A United States consortium of investors led by healthcare tycoon Andrew Cavenagh and the 49ers Enterprises acquired a 51 per cent stake in the William Hill Premiership outfit in May, with Cavenagh becoming chairman and Paraag Marathe vice-chair.

Russell Martin was soon appointed as the new Rangers boss and there was subsequently a £20m net spend to refurbish the squad but his disastrous tenure ended in October and he was replaced by 36-year-old German coach Danny Rohl.

The loss from the year until the end of June was £14.8m while revenue increased from £88.3m to a record £94.1m, an increase of seven per cent which was helped by matchday income of £45m.

Taylor 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.”

A club statement said: “Total operating expenses reduced to £92.2m (2024: £96.2m), reflecting improved cost control across the club.

“The combination of increased revenue and lower expenditure delivered a profit before player trading of £2.7m (2024: £2m loss), marking only the second time the club has delivered a pre-player trading profit in the last decade.

“Since the year end, Rangers have completed the sales of several players including Hamza Igamane, Cyriel Dessers, Ridvan Yilmaz and Jefte, all generating healthy profits that demonstrate further progress in the club’s player-trading model.

“These will be accounted for in next year’s financial statements.

“The reporting period included the completion of a £20m equity investment in May 2025, following the acquisition of a 51 per cent shareholding by Rangers FC LLC (USA).

“The transaction provided long-term financial stability, improved liquidity, and strengthened the balance sheet, positioning the club for future investment in football and infrastructure.”