Rangers post loss of £7m
Charles Green's consortium purchased the business and assets of Rangers last summer
Rangers have posted a loss of £7million for the last seven months of 2012.
Interim results to December 31 show revenue of £9.5million, with operating expenses of £16.6million.
Cash in the bank at the turn of the year sat at £21.2million.
In December, Rangers raised £22.2million from its listing on the London Stock Exchange.
In a statement, after the financial figures were published this morning, Ibrox chief executive Charles Green said: "This has been a significant period in the club's history, in which vital steps were taken to ensure the survival and rebuilding of one of the UK's most venerable football institutions.
"The priority for the company to date has been to stabilise the business and put in place solid financial foundations for the future.
"To this end, revenue streams have been enhanced, and costs cut.
"In addition, important strategic steps have been taken, such as the agreements now in place with Sports Direct, Puma and Blackthorn Cider.
"These achievements have been made whilst retaining the important fabric and structure of the club.
"We will continue to execute our growth plan, and investors and supporters can have confidence in the development of operations as the club progresses.
"Undoubtedly, challenges lie ahead but the club is now well equipped to meet them successfully.
"Above all, the club and its supporters are resolute in the belief that, both on and off the pitch, Rangers can look to the future with confidence and pride."
Green's consortium purchased the business and assets of Rangers last summer after the oldco was consigned to liquidation.
Latest in Sport
The Prince of Wales Stakes today is regarded by many as the No1 race of the Royal Ascot meeting and ...
by Gareth Purnell
19 June 2013 02:01 AM
Today’s St James Palace looks a cracker and there has been sustained money for Dawn Approach since t...
by Gareth Purnell
18 June 2013 02:01 AM
Newcastle don’t need a football director – they need a new medical team after finishing bottom of the injury league
Newcastle United have shocked their fans by appointing Joe Kinnear as director of football but new f...
by Alex Miller
17 June 2013 04:39 PM
ACT Brumbies v British and Irish Lions - player ratings
Liverpool close in on £6m Spanish winger Luis Alberto
In pictures: Royal Ascot 2013 - Opening day
Exclusive: Cristiano Ronaldo advised to stay at Real Madrid for further 18 months before making possible switch to Manchester United
Italy Under-21s 2 Spain Under-21s 4 match report: Thiago Alcantara's hat-trick seals European Championship for Spanish youngsters
- 1 Diary of Second World War German teenager reveals young lives untroubled by Nazi Holocaust in wartime Berlin
- 3 Uri Geller psychic spy? The spoon-bender's secret life as a Mossad and CIA agent revealed
- 4 Viral video straps colt .45 handgun to a home-use drone
- 5 Vice pulls 'breathtakingly tasteless' fashion shoot glorifying the suicides of famous female authors from Sylvia Plath to Virginia Woolf