Cyriel Dessers left Rangers after three years at Ibrox to join Greek Super League side Panathinaikos…
Record SPFL Champions Rangers have announced a 7% increase in their profit from last season, signifying financial success for the club, Soccernet.ng reports.
Over the past seasons, the Gers have struggled to compete with their rivals, Celtic, for silverware. While they’ve had decent runs in the UEFA Europa League and Conference League, their performances have left the fans wanting.
This summer, a change in club ownership saw Martin Russell come in as Rangers head coach, but the former Southampton coach was fired after he secured five wins in 17 games. Russell Martin was replaced by former Germany assistant coach Danny Röhl.
Rangers announce profit after Dessers’ sale
Rangers managed to recoup around £21m for the likes of Hamza Igamane, Cyriel Dessers and Jefte, who left for Lille, Panathinaikos and Palmeiras, respectively.
In an official report published on the club’s website, the Gers revealed the club’s revenue increased from £88.3m to a record £94.1m, an increase of 7% which was helped by matchday income of £45m, fueled primarily by ticket sales, showing how much Rangers fans put into the club by visiting Ibrox during home games.
Rangers have only made a profit before player trading twice in the nine years since being promoted from the Championship to the Premiership; the other time was following their run to the Europa League final in 2021–2022.
James Taylor, the club’s Chief Financial Officer, then revealed his assignment is to ensure long-term financial stability at the club.
“Our goals are clear: to win now, win in the future, and do so in a sustainable manner. To accomplish these financial goals, we need to align expenses with revenue and develop a player trading model.
“Over the past two years, we have made considerable progress on aligning revenue and expenses, although there remains work to be done.
“While player trading remains an area where we can further strengthen our financial performance, the sales completed post-season-end show that gains achieved on investments made in previous windows can be reinvested in continued squad building.
“The new equity investment completed in May has strengthened our financial base. As we continue to progress on our financial plans, we will be able to continue to invest responsibly in the team, our facilities, and our long-term future.
“Our focus is on maintaining that balance, investing in football performance while keeping the club on a sustainable financial footing,” the CFO concluded.
