Chairman John Bennett pointed to the determine he believes is essential to future monetary success at Rangers.
The Ibrox membership’s not too long ago printed accounts for the yr to June 30, 2023 revealed a turnover of £83.8million, an working revenue of £250,000 however an total web loss for the yr of £4.2million, regardless of the sale of Calvin Bassey and Joe Aribo contributing to a document participant buying and selling revenue of £23.6million.
Talking on the membership’s AGM at New Edmiston Home on Tuesday morning, Bennett stated: “I’m centered on multiple quantity, however there may be one quantity that needs to be centered on in that revenue and loss account.
“Sure, this membership, for the second yr in a row, printed an working revenue however that was post-player buying and selling.
“This membership final yr misplaced £10.5million, pre-player buying and selling.
“I’d ask you please to maintain your eye on that £10.5million. It has to go away.
“This can be a new govt workforce for a purpose and it’s tasked with not solely rising the membership, however driving via working efficiencies.
“It’s a cultural change and it’s beneath method.
“That £10.5million has to turn out to be, at worst, zero. Not each membership operates at that degree, in different phrases at minimal break-even previous to participant buying and selling.
“They want participant buying and selling to have a mannequin. We wish to take Rangers to a spot the place it breaks even or higher. I can inform you proper now, every single day it’s turning – and it’ll flip.”
