Pride Park Stadium

Next Game

Derby v Rangers

Saturday, 02 August 2014, 13:00

Friendly Match

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

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

H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

Synergy
Toure: I am staying with City

G

uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

ceeps
Toure: I am staying with City

D

amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

MCFC87
Toure: I am staying with City

Footer 365

Transfer news: Fulham sign midfielder Adil Chihi on free transfer

Fulham have signed Morocco international Adil Chihi on a one-year deal, with the option of a further 12 months.

Premier League: Darron Gibson makes Everton comeback after nine months out with cruciate injury

Darron Gibson made his comeback after nine months out with a serious knee injury in Everton's friendly against Tranmere.

Premier League: Brendan Rodgers insists Liverpool will move on without Luis Suarez

Liverpool manager Brendan Rodgers insists there is no bad blood between the club and the outgoing Luis Suarez.

Mail Box

Defending Woodward With Perspective

One Mailer is telling us to hold fire on our Woodward criticism, whilst we also have some wonderful PFA Team of The year geekery, a well done to Vieira and much more...

Why The Obsession Over The Captaincy?

Asks the morning mailbox, before hastily returning to the debate over who should replace Steven Gerrard. Plus, thoughts on Ed Woodward's spending plans and more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property