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Turnover of £80m plus- but no sign of profit as website makes Ibrox claim

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Football Insider are claiming that the Ibrox Tribute Act are on course to reveal income of over £80m for the year ending 30 June 2022.

Tellingly there is no hint towards making a profit with a loan to Dave King repaid as well as the settlement of the long running Sports Direct legal battle.

With four knock out matches in the Europa League to add to group stage matches and qualifiers the coffers should be brimming but costs and bonus payments will also rise.

In the previous year the club announced losses of £21.5m, even with fees coming in for Steven Gerrard and Nathan Patterson it would be quite an achievement to break even 12 months later.

Website Football Insider claims:

Rangers are set to announce club-record revenues of £80million-plus in their next set of financial results, Football Insider understands.

The Glasgow giants are well on course to smash their 15-year record of £64.5m from the 2007-08 campaign.

Rangers’ financial triumph is mainly due to the prize money from their remarkable Europa League run to the final last term, as well as the supplementary commercial and match day cash hikes.

Analysis from Football Insider has found that revenues are in line to soar upwards of the £80m mark for the 2021-22 campaign.

The 2007/08 figure is of course for the old club, the one that went into liquidation four years after enjoying record turnover.

Should there be a profit on the accounts that information would almost certainly be out there, four months on from year end there is still no sign of the traditional Friday night announcement.

Over the last couple of weeks directors Barry Scott and David Graham have resigned from the company.

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0 comments

  • Seppington says:

    “Football Insider”? “Hun Gobshites” mair like. It’s a terrible site filled with clickbaity pro-Hun anti-Tim pish and even that’s been recycled from other sites that ran it days previously. Don’t give them exposure, stop thst cancer spreading….

  • John Copeland says:

    Em ,why if the figures and feel good factor from the accounts are so wonderful ,has there been such a delay in getting signed off ? Anything so astoundingly dazzling ,would have been exposed to the rest of the world for admiration in double quick time ! Wouldn’t it ……..

  • Garry Cowan says:

    Can’t wait to see what those accounts really say

  • Scud Missile says:

    Lol let’s throw some fish out there for the seals.£80 million my arse,Gio Fanny asked for 2 players after qualifying for the champions league and was told to BOLT.
    £80 million KERCHING right in the back pockets of those who backed the new klub over these past few years,that’s why they ain’t for spending it,it has all gone.

  • John mcghee says:

    Here we go whit the fuck is our media all about eh this newco sevco can do no wrong especially the journalists in scotland who like telling lies about the oldco getting liquidated 2012 now its 80million profit they couldn’t make 8p in profit the cunts honest its really embarrassing all the lies that come out of liebrox nae wonder they died with the scumhuns that run it eh..CLOWNS ?

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