Rangers were finally back in the black last year as the sale of Nathan Patterson and the Europa League run to Seville helped generate a £5.9million profit.
But the extent of the club’s costly court battle with Mike Ashley has at last been laid bare, with last year’s accounts showing the club was forced to fork out £8.25m to get the Sports Direct tycoon off their backs. The annual figures up to June 30 also revealed Rangers have had to shell out £14.3m to repay loans put in by the club’s boardroom backers.
But even with those significant outgoings, Ibrox chiefs were still able to record a club record turnover of £86.8m as they bounced back from operating losses totalling £23.5m during the Covid-hit 2021/22 campaign. The surge to Seville made up a substantial chunk of that income, with UEFA prize money, ticket sales and TV cash contributing £30.5m to club coffers.
