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    Rangers: Club whine £11.3m annual loss

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    breaking news

    Rangers possess introduced a lack of £11.3m for the yr ending 30 June, a decrease of £3m from the sooner 12 months.

    Turnover has risen by 63% to £53.2m, up from £32.6m attributable to reaching the Europa League group stage and whine season-tag gross sales.

    First-team staff prices elevated from £24.1m to £34.5m.

    And the amount of money spent in admire to signing gamers is moreover up, from £15.1m to £23m.

    “The financial yr under overview modified into as soon as over once more a definite one,” talked about chairman Dave King.

    “The spotlight modified into as soon as the acceleration of the sizable funding that changed into as soon as beforehand recognized as being well-known to boost the membership’s necessities – every on and off the pitch.”

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