BREAKING NEWS: Rangers Announces Another Multi-million Dollar Loss
Rangers Post Reduced Losses as Record Revenues Signal New Era of Stability
Rangers have taken another meaningful step toward long-term financial stability after posting significantly reduced annual losses and reporting record revenues for the second consecutive year.
In the club’s latest accounts, covering the year ending June 2025, the Ibrox side announced losses of £14.8m, a notable improvement on last year’s £17.2m deficit.
Crucially, revenue climbed to an unprecedented £94.1m, a 7% rise from the previous record of £88.3m. The club attributed this improvement to stronger commercial and match-day income streams, alongside continued European participation and growing global engagement.
Cost control also emerged as a central theme in the annual report. Rangers’ operating expenses were reduced by 4% to £92.2m, helping the club record a £2.7m profit before player trading.
This figure stands out not only because it represents a substantial turnaround from the £2m loss the prior year and the £10.5m loss in 2022-23, but also because of its rarity in the modern Rangers era. Since the club’s return to the Premiership nine years ago, this is only the second time they have posted a pre-player trading profit. The other came in 2021-22, a season defined by the team’s remarkable run to the Europa League final.
While the club continues to rely on player trading to strengthen its financial model, the accounts confirm that several major outgoing transfers—including Hamza Igamane, Jefte, Ridvan Yilmaz and Cyriel Dessers—occurred after the end of the financial year and therefore are not reflected in the latest figures.
These sales are expected to positively influence next year’s accounts and further support the board’s stated strategy of sustainable squad development.
In a statement accompanying the release, Rangers emphasized that the improved numbers reflect a club beginning to reap the rewards of disciplined financial planning.
“We’ve achieved record revenues for the second consecutive year, reduced our cost base and delivered a pre-player trading profit,” the report noted. “That’s created a more stable platform to invest again in the team and infrastructure as the club moves into its next phase of growth.”
The board also reiterated the importance of developing a stronger player-trading model to provide recurring revenue, adding that the most recent transfer activity showed encouraging signs that past investments are starting to generate returns.
Perhaps the clearest marker of improved financial health is the dramatic rise in cash reserves. Rangers ended the year with a significantly enhanced cash balance compared to the £1.7m posted 12 months earlier—a figure that had highlighted the fragility of previous financial positions.
Taken together, the results suggest Rangers are steadily moving away from years dominated by sizeable losses. With improved revenues, enhanced cost management, and increased liquidity, the club appears better equipped to pursue competitive success without jeopardizing its financial footing.