Next Game

Hibernian v Rangers

Saturday, 25 July 2015, 12:30

Petrofac Training Cup First Round

Green predicts bright future

Rangers chief executive Charles Green insists the club is in a great position despite reporting a loss of £7million for the final seven months of 2012.

Last Updated: 04/03/13 at 13:48 Post Comment

Charles Green: Believes Rangers are in a strong position

Charles Green: Believes Rangers are in a strong position

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Interim results to 31 December show revenue of £9.5m, with operating expenses of £16.6m, while funds in the bank at the turn of the year sat at £21.2m.

Green believes the club are on a sound financial footing just a year after being placed into administration and demoted to the fourth tier of Scottish football.

Reflecting on the financial results, Green told Sky Sports News: "It leaves us in a very, very strong position because those figures cover the period where we weren't even a member of the Football Association in Scotland, and we had huge wage bills when we first went in which have been trimmed down.

"It has been a very, very challenging six months looking to where Rangers were in administration to the successful float [on the stock exchange] in December which raised £35million."

Green insisted Rangers boss Ally McCoist will have funds to invest when the club have their transfer embargo lifted in September and believes that the future looks bright.

"Ally [McCoist] will get cash to spend, but because of the transfer embargo that won't happen until January next year," he said.

"But as you can see we are 23 points ahead of our nearest rival and we will win the league in the next few weeks. Rangers is in a great position and we have overturned the problems that brought the demise.

"Murray won the case against HMRC and then on Thursday the Lordship [Lord Nimmo Smith] announced there had been no benefits (from the EBT case) and sporting integrity had not been compromised.

"I think Rangers, Rangers fans and it's investors are in a great position."

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

D

on't go to England at your age, you'll either be mugged or not appreciated. Or made to lump the ball long to a bloke who looks like a mascot.

megabrow (cufc)
Beckenbauer warns Schweinsteiger

F

rom the headline I presumed he meant boots, pants, jim-jams, toothbrush and paste, passport, tickets, premier inn long-term package, Scouse-English-Portuguese-German dictionary, 'How to be a 9 and 3/4' by B. Rodgers, few dozen tins of food and Evian because you can never be sure about the local food/water...

KevinBoatang
Firmino has 'everything' for PL - Willian

H

e looked like he was playing with a plastic pound shop ball in the wind against Juve, his passing was so bad.

paddy7s
Sergio Ramos: Exactly What United Need

Footer 365

Sergio Ramos has refused to discuss interest from Manchester United

Real Madrid defender Sergio Ramos has raised further question marks over his future after a coy response concerning interest from Manchester United.

Van Persie 'agrees Fenerbahce terms'

Manchester United striker Robin van Persie is close to joining Fenerbahce after reportedly agreeing terms with the Turkish club.

Roma keen to sign Man City striker Edin Dzeko but admit a transfer is not close

Roma have confirmed their interest in signing Manchester City striker Edin Dzeko this summer - but admit a deal is some distance from being agreed.

Mail Box

Has Everyone Forgotten About Khedira?

Sami Khedira is one of the signings of the summer and yet he's flown completely under the radar. Plus Dommy S's views of women's football get a right old shoeing...

Women's Success Won't Alter Viewing Habits

The Women's World Cup hasn't inspired everyone. Also in the Mailbox: a plastic's guide to Brazil, Nani regrets, tears over Henry, and The Beach Boys...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company