Stewart Robertson tells Ibrox shareholders that player sales aren’t needed

Stewart Robertson has told the AGM of The Rangers International Football Club (formerly Sevco 5088 and Sevco Scotland) that player sales aren’t essential in January.

That is contrary to previous comments from former chairman Dave King who had his £6m loan plus interest repaid.

Since Wigan paid out £1.75m for Josh Windass in August 2018 the Ibrox club haven’t been able to record a seven figure transfer fee with token payments coming in for Greg Docherty and Young McCrorie.

With losses of £23.5m on turnover of £47.7m for the year to 30 June 2021 it would seem logical to either reduce spending drastically or increase income to get closer to break-even.

Covering from this morning’s AGM The Sun reports:

Player sales are not essential and the club is on the right tracks financially according to Robertson.

Allan McGregor, Steve Davis, Connor Goldson and Scot Arfield are out of contract in May 2022 with Alfredo Morelos and Ryan Kent tied up until May 2023.

Fortunately in Scotland there is no recognisable form of Financial Fair Play and no appetite for it among clubs happy with the status quo.

Last month Robertson told a meeting with Club 1872 that the company was on track to produce a profit next season.