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."

More of the games that matter

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

Related News

Most Commented

Readers' Comments

I

think Finnegans Wake would have been a better reference point than Ulysses. Far more rambling and incomprehensible.

debra2927
Football People On TV: Garth Crooks

I

f I recall correctly, Degsy predicted a 100/1 shot correctly the week after his 150/1 Blackpool 4 - 3 Bolton call. I stuck a fiver on it as an idle bet. Paid for a stag do in Munich. Heady days...

baldini
Backing Hull To Beat United 2-1...

R

odgers prefers Joe Allen to Lucas? If this is true then I'm setting aside a fortnight to finally learn the rules of American Football and I'll give up on real football.

godzilla
The Jammy Gossip

Footer 365

Carlton Cole doesn't know if he will stay at West Ham next season

West Ham striker Carlton Cole revealed he still does not know where his future lies beyond this season.

Louis van Gaal believes David De Gea will stay at Manchester United

Louis van Gaal believes David De Gea will stay at Manchester United despite speculation linking him with Real Madrid.

Roy Hodgson wants Steven Gerrard and Frank Lampard on England coaching staff

Roy Hodgson wants Steven Gerrard and Frank Lampard on the England coaching team when they retire from playing.

Mail Box

Only One Real Manager Of The Year

Winning the Premier League with the best squad in the Premier League is only par; Ronald Koeman did a whole lot better. Plus, the last word on Raheem and...

Don't Slate Sterling For Ambition...

Raheem Sterling deserves credit for his desire to quit Liverpool, according to one mailboxer. Also: why football should not be compared to business and Degsy's latest spot of bother...

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