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Financial performance improves at Rangers

The authoritative Swiss Ramble reviews the latest accounts of Rangers: https://swissramble.substack.com/p/rangers-finances-202122?utm_source=substack&publication_id=1203438&post_id=87157076&utm_medium=email&utm_content=share&triggerShare=true&isFreemail=true

He comments: 'It is worth noting that Rangers small loss is one of the best performances of the leading European clubs that have reported 2021/22 figures to date. In stark contrast, large losses have been posted almost everywhere else, e.g. PSG £327m, Juventus £225m and Barcelona £157m (excluding their famous economic levers).'

'Rangers’ strategy of investing in the squad has had “clear effects on our financial statements” in recent years, with their pre-tax losses adding up to nearly £100m in the last decade. Obviously, the huge deficits in 2020 and 2021 were exacerbated by the pandemic.

That said, the £2m loss in 2021/22 is the club’s smallest in the last 9 years, as the club has pushed for greater sustainability.'

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