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Rangers International Football Club PLC Annual Report


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  • Rousseau changed the title to Rangers International Football Club PLC Annual Report

Key highlights include:

  • Record Core Revenue of £88.3m; Record Total Income of £94.2m.

  • Record Commercial Revenue of £67m; double digit growth.

  • Cost increases managed to just 1%.

  • Pre-player trading loss reduced to £2m – down from £10.5m in 2022/23.

  • Club free of any litigation claims for first time in over a decade following settlements.

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8 minutes ago, Rousseau said:

Key highlights include:

  • Pre-player trading loss reduced to £2m – down from £10.5m in 2022/23.

Partly due to receiving £3.9m of a covid related business interruption insurance claim and partly due to the sale of part of the Albion (:angry:) for £1.1m, so £5m that don't relate to that year's trading.

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So £17.1M losses and £22M in loans outstanding. I can't be the only one not doing cartwheels at these results?

 

Positives ;

No more litigation (jinxed it!).

Record Commercial revenue.

Players wages decreasing. 

 

As Bluedell says, the sale of part of The Albion for just over a million seems short-sighted and unnecessary. 

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Appalling figures and things only going to get worse especially on the playing side where we’ll have no money to improve the team. I can vividly recall the early to mid 80’s. Half empty stadium because of a poor side on the park . That’s where we’re heading back to now….

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4 minutes ago, RANGERRAB said:

Appalling figures and things only going to get worse especially on the playing side where we’ll have no money to improve the team.

It all hinges on the player trading model.  Another Bassey or Patterson would make a big difference.  

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5 minutes ago, Gonzo79 said:

It all hinges on the player trading model.  Another Bassey or Patterson would make a big difference.  

I see no Bassey or Patterson on the horizon though. We’re too busy signing out of contract Bosmans because we’ve no money to buy anything better.

And those we do pay money for all seem to be injured constantly. Are we serious going to pay £5m for Cortes next summer? More money wasted 

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