‘Dear me’ – Gutted Ally McCoist reacts to Rangers’ ‘worrying’ financial situation

Lately, Gerler The legend admitted that he was heartbroken after Former Celtic manager Martin O’Neill Branding the current side as ‘ordinary’ and unrecognizable due to the situation they are used to, Coisty admitted that although it pained him, he had to agree.

And then Clearly handed defeat to Kilmarnock Despite opinions about ‘hopeless’ performance, he insisted blame was not on the doorstep Philippe Clement.

McCoist genuinely worried about Rangers’ finances

Yesterday, Rangers publish annual financial report and showed that they had made a huge operating loss of £17.2 million.

Staff costs are around £61 million, while total costs are close to £96 million.

However, it was also shown that there was a record revenue of £88.3 million and a record total revenue of £94.2 million. The club also reduced its pre-swap losses from £10.5 million to less than £2 million.

However McCoist He thinks he is trying to put a positive spin on things and says he is very concerned about the announced losses.

He told talkSPORT: “These figures are very worrying indeed. They are trying to bring a positive outlook but I believe this is their highest turnover ever.

“These losses, my friend, my dear. It’s really worrying. “From the outside looking in, you can only hope they sort it out quickly.”

Rangers now immune from lawsuit

Another positive news of the report is this: Rangers now immune from lawsuit for the first time in years.

Ibrox chiefs are fighting battle after battle over contracts inherited from the previous board.

The last remaining litigation matter involved Elite/Hummel, and it has now been concluded that the club is exempt from the ongoing costs associated with court battles.

It has been confirmed that this last fight cost £3.8 million.

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