Rangers Then, Sevco Now, Scotland's Shame Forever....

[kb_don]

BBC

Rangers International Football Club has posted a profit of £300,000 in its unaudited financial results for the six months to 31 December 2016.

This compares favourably to a loss of £500,000 in the same period in 2015.

Revenue increased by £5.3m year on year to reach £16.3m thanks to bigger attendances, greater income from playing top-tier football and greater sponsorship and commercial income.


However, operating expenses rose too, by £4.1m to £15.5m.

I suspect that's a bit of lamb, to justify them getting a europa cup place next season. They don't meet the FFP criteria, but the SFA will use any excuse they can to get them in

[canarydon]

I suspect that's a bit of lamb, to justify them getting a europa cup place next season. They don't meet the FFP criteria, but the SFA will use any excuse they can to get them in

There's also the small matter of the £2.9m loans received from directors in October to keep the club afloat.