Rangers accounts - 10 things
ByPA Sport Report
Published 28/11/2014 at 09:14 GMT
Rangers released their annual accounts for the year ending June 30, 2014, on Thursday evening. Here, Press Association Sport lists 10 things we learnt from the report.
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1. Rangers made an operating loss of B£8.3million last season - an improvement of B£6million on the previous campaign.
2. Recently-departed chief executive Graham Wallace earned B£378,000 in less than eight months and also secured a B£100,000 pay-off.
3. Wallace's predecessor, Craig Mather, received a B£350,000 severance package.
4. Rangers need up to B£8million of debt or equity finance in the next 12 months - starting from January.
5. Retail revenue almost quadrupled to B£7.6million but retail costs were the main cause of a B£3million rise in operating charges.
6. Former finance director Brian Stockbridge received a B£216,000 severance package and made B£189,000 on a share option but handed back B£98,000 bonus money.
7. Staff costs fell from B£17.9million to B£14.7million - staff numbers dropped from 196 to 175.
8. Total revenue rose almost a third to B£25.2million.
9. The club's first-team wage bill was 26 per cent of turnover - down from 43 per cent the previous season.
10. Former director Philip Nash made B£131,412 in consultancy fees in six months.
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