Rangers post ?5.9m operating profit Accounts reveal record ?86.8m turnover

Rangers have posted a ?5.9m operating profit for the year to June 2022 with the club’s accounts also revealing a record turnover of ?86.8m.

The profit is a significant improvement of ?27.6m compared to last year’s operating loss, with club chairman Douglas Park commenting the upturn “demonstrates the success and progress achieved over the last 12 months.”

Last season Rangers’ men’s team reached the Europa League final – which generated ?30.5m in total – and won the Scottish Cup, while the women’s side clinched the SWPL1 title for the first time – all contributing to a record turnover.

The sale of Nathan Patterson to Everton, for what was a club record fee at the time, plus the ?4.25m received from Aston Villa in compensation for former boss Steven Gerrard and his backroom team were also included in this report.

Champions League participation and sales of Joe Aribo and Calvin Bassey will be reflected in next year’s accounts which Park is confident “will report a positive net profit.”