OFFICIAL:Rangers announce a new ownership with massive contract deals….
Craig Moore insists that Rangers don’t need a “stop gap” investment as he floated the idea of new ownership coming in at Ibrox.
The board revealed an operating loss of £17.2million in the most recent financial year that were published last month. The annual accounts and accompanying financial statement and that deficit makes for bad reading, despite the club also saying they have recorded record figures in core revenue of £88.3m. But operating costs at Ibrox remain as high as £110m, with staff costs accounting for £61m of that total figure.
Interim chairman John Gilligan has open discussed opening the door for fresh investment in Rangers – but Moore told Go Radio that more drastic action may be required at the Premiership giants. He said: “Is investment just going to be a stop-gap to do something in January, what I would like to see – I don’t know who is supportive of this in terms of the fans, or what the feelings of the fans is towards this – but I think it needs new ownership to really change things and put new infrastructure in place to go and attack it in a serious manner.
It’s almost as if when you are on top, you are being hunted. Rangers are chasing but you can be blinded by that day to day battle.
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