Rangers

Financial results show that Rangers are back on track

Financial results show that Rangers are back on track

Although we’re not quite halfway through the seasons, it’s not far-fetched to say that Steven Gerrard has completely transformed Rangers this year.

After years of Celtic dominance, it now looks as though The Gers will be able to compete with their arch-rivals. While winning a title might be too early this season, in the next few years Rangers should be back at the top of the table and competing for as much silverware as possible.

In Gerrard, they have a new, young and hungry manager who has started to embed a playing style at the club and looks as though he’s made some superb signings over the summer, namely loanees Ryan Kent and Lassana Coulibaly.

After four crippling years in the lower divisions, it was always going to take time for Rangers to return to the top of the Scottish Premiership. Financially, Rangers can’t compete with Celtic but according to their latest financial results, The Gers are in a much better place than before.

The Breakdown

Rangers announced losses of more than £14 million between June 2017 and 2018. On the other hand, their revenue has grown by 50% to £32.7 million although that is nothing in comparison to Celtic’s revenue for the past year which was registered at £101.6 million.

Moreover, Rangers’ revenue over the last six seasons is almost £300 million less than their city rivals. While the financial disparity looks pretty bleak, with Rangers back in Europe and competing at the top of the table, their financial position should strengthen over the next few years as more revenue begins to come in.

What do you think Rangers fans? 

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