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Rangers Post £14.8m Financial Loss as January Transfer Update Emerges

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Rangers have released their financial results for the year ended June 30, 2025.

The Ibrox club posted a loss for the year of £14.8million [£17.2m 2024] — but that won’t stop Danny Rohl from adding to his squad when the January window opens for business with the new boss to be backed in the market.

Rangers achieved a record revenue of £94.1m [£88.3m 2024] which is an increase of seven percent year-on-year.

The club have put that performance down to strong home supporters, continued participation on the European stage and commercial performance.

Matchday income also hit £45million, showing the backing of the Rangers support.

As part of the release, the men from Govan also delivered a profit before player trading of £2.7million – only the second time the club has achieved a pre-player trading profit in the past decade.

Overall losses for the year hit nearly £15million, but this number does NOT include the money generated this summer from player sales.

That will come into play for next year’s financial statements.

Rangers’ Latest Financial Results Explained

Rangers sporting director Kevin Thelwell and chief executive Patrick Stewart at Ibrox

The club generated profit by selling the likes of Hamza Igamane, Cyriel Dessers, Ridvan Yilmaz and Jefte.

The statement from the club also reports that: “The reporting period included the completion of a £20 million equity investment in May 2025, following the acquisition of a 51% shareholding by Rangers FC LLC (USA).

“The transaction provided long-term financial stability, improved liquidity, and strengthened the balance sheet, positioning the club for future investment in football and infrastructure.”

The figures also won’t include the majority of the summer backing Russell Martin received from the new owners after he was allowed to splash the cash on permanent and loan captures including the big money signing of Youssef Chermiti.

Rangers boss Danny Rohl watching on from the touchline


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The Light Blues boss provided an update on his top team ahead of the clash with Livingston

James Taylor, chief financial officer said: “Our goals are clear: to win now, win in the future, and do so in a sustainable manner.

“To accomplish these financial goals, we need to align expenses with revenue and develop a player trading model.

“Over the past two years, we have made considerable progress on aligning revenue and expenses, although there remains work to be done.

“While player trading remains an area where we can further strengthen our financial performance, the sales completed post season-end show that gains achieved on investments made in previous windows can be reinvested in continued squad building.

“The new equity investment completed in May has strengthened our financial base. As we continue to progress on our financial plans, we will be able to continue to invest responsibly in the team, our facilities, and our long-term future.

“Our focus is on maintaining that balance, investing in football performance while keeping the club on a sustainable financial footing.”

Rangers Figures Broken Down

  • Revenue: £94.1m (2024: £88.3m; +7%)
  • Total operating expenses: £92.2m (2024: £96.2m; –4%)
  • EBITDA: £5.6m (2024: £0.2m loss)
  • Profit before player trading: £2.7m (2024: -£2.0m)
  • Operational cashflow: £12.1m (2024: –£7.7m)
  • Loss for the year: £14.8m (2024: £17.2m)
  • Closing cash balance: £30.5m (2024: £1.7m)

*Figures from the official Rangers website*

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Food and Drink Prices For England’s 2026 World Cup Match vs Croatia

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England fans knew their trip to America for the World Cup may be expensive, but there has been frustration from fans at the prices charged in the stadium for their opener in the group.

The Three Lions have had to wait a while to finally get into action, with almost a week between the start of the tournament and Thomas Tuchel’s men beginning their campaign.

It all starts in Texas at the Dallas Stadium, as England take on familiar foes Croatia in a repeat of the 2018 World Cup semi-final.

Roughly 15,000 fans have made their way to America to cheer on the team, as they look to end 60 years of hurt, but they will be there at some cost.

While ticket prices, hotels, and travel have all been well-documented as being pricey, the fans are also being charged a lot for refreshments and food.

England Fans Pay Price For Expensive Refreshments

England fans before 2026 World Cup Reuters/Nathan Ray Seebeck

England fans have already sunk a lot of money into travelling to watch their team in the World Cup, but it has cost them even more at the Dallas Stadium.

Expensive drinks were being charged in the concourses, with $15.95 being charged for a beer, and $25.50 for a margarita cocktail, for any fan wanting an alcoholic drink.

Water was being charged at $8.25, with sparkling water charged at $0.25 more expensive, and a sports drink priced at $8.50.

As for food, the cheapest item were chips, listed as $7, while the most expensive food item was a quesadilla being charged at $26, quite the price for any peckish fans.

That overshadows the prices that fans pay for in the Premier League and the EFL, being charged at multiple times that of clubs in the English tiers.

Naturally, there has been some frustration and backlash coming from the supporters who have attended.

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England Fan Frustration over Food and Drink Costs

England fans inside the stadium for Andorra v England

Taking to social media, England fans voiced their frustrations at the prices being charged at the Dallas Stadium. One fan said: “Chips are cheaper than water….crazy….”

Another added: “Those prices are least twice as much as in Atlanta – is it profiteering off England fans?” while another fan said: “£12 a pint blimey.”

The water prices were the main point of frustration, as a supporter said: “£6.20 for a water. That’s criminal.”

“So a pint and a packet of crisps is nearly $25…” another fan pointed out, underlining the sheer cost of the World Cup on supporters in America.

In a World Cup that has been criticised for being a rip-off for the travellers, the concourse prices are hardly helping to shake that reputation.

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Thierry Henry’s Viral Analysis on Cristiano Ronaldo For Portugal

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Thierry Henry has gone viral online for his comments surrounding Cristiano Ronaldo’s performance against DR Congo in Portugal’s World Cup opener.

The 41-year-old started for Roberto Martinez’s side from the off in his sixth World Cup, and it got off to an ideal start when Joao Neves scored after just six minutes.

Portugal were unable to make that early lead count, as DR Congo pushed and eventually equalised through Yoane Wissa on the stroke of half-time.

Both teams pushed for a winner, but ultimately Ronaldo and his side were left frustrated as they had to settle for a point to kickstart the tournament.

With all the focus on the legendary striker, Henry’s analysis showed where he struggled in the match.

Thierry Henry Analyses Cristiano Ronaldo Performance

Portugal's Cristiano Ronaldo reacts as he walks off the pitch at half time vs DR Congo Cristiano Ronaldo via REUTERS/Phil Noble

After another difficult match for Ronaldo, there was plenty of criticism for his lack of impact on the game, as he often drifted behind defenders and lurked in the box for opportunity.

Despite question marks over his position, Martinez has stood by the star striker, but Henry is worried that he isn’t being selfless enough at the key moments.

Speaking on FOX after the match, the former Arsenal and Barcelona forward said:

“One thing that’s important, people, please at home, the team needs to score. Not you needs to score…

“Because he wants to score, he goes in the path of the back pass, you see both players, and it’s easier for you to defend. And that’s my thing: The team needs to score. Not you.”

He also pointed out how frustrated Bruno Fernandes looked when Ronaldo took on a shot instead of leaving the ball for him.

It was a scathing assessment of Ronaldo’s display, who managed just three shots and 25 touches in the match, as he proved relatively ineffective.

Henry’s verdict went viral on social media, sparking a strong reaction, with many agreeing with the Frenchman, questioning whether he should start in the next two group games. Although some felt Ronaldo shouldn’t be so harshly criticised.

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Do Portugal Need To Drop Ronaldo?

Cristiano Ronaldo in action for Portugal

It may be controversial, it may catch headlines, but it is probably time for Martinez to consider dropping Ronaldo from the starting lineup for the following matches.

Portugal need a greater presence up front, who can cause more problems and give the opposition defence something to think about in and around the box.

Ronaldo’s lack of touches and all-around lack of athleticism at 41 prevented him from troubling DR Congo too much in the key moments of the match.


Portugal's Cristiano Ronaldo reacts as he walks off the pitch at half time vs DR Congo


World Cup Fans Drop Strong Verdict on Cristiano Ronaldo During Portugal 1-1 DR Congo

Fans have given an instant reaction to Ronaldo’s performance.

While he could be an option from the bench to poach in the box, there are options such as Goncalo Ramos who could provide the solution to their woes up front.

It will draw conversations and controversy, given his stature, but it might be time to do it for Portugal’s sake.

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Tottenham Willing To Pay £85m to Sign Sandro Tonali

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Tottenham’s busy summer transfer window activity is showing no signs of slowing down, as reports claim that a huge offer is being prepared for a key target in the market.

Roberto De Zerbi has already been boosted by a couple of major moves, as Andy Robertson and Marcos Senesi join early in the window, signing as free agents.

A fee has been agreed with Brighton to sign Jan Paul van Hecke to bolster the backline even further, while talks are ongoing to sign Savinho from Manchester City this summer.

With almost every position covered so far, it makes sense that the next area of focus is the midfield, where Tottenham need some more quality in possession.

The main target for that role appears to be Sandro Tonali, as Spurs enter the race to land the Italian international.

Tottenham Prepare Sandro Tonali Offer

Sandro Tonali

Tottenham are showing interest in Tonali this summer, as they join a race filled with rivals who are positioning themselves to land the Newcastle star.

Reports of a potential exit for the ‘world-class’ 26-year-old have only fuelled interest from clubs, while the Magpies are holding out for a fee in the region of £100 million to sanction a deal.

While other teams sit and wait for a move, Tottenham are being proactive and are ready to put up a huge fee, but not quite the valuation set by their Premier League rivals.

Journalist Alfredo Pedulla claims that the Lilywhites are preparing an offer in the region of £85 million for Tonali, in the hopes that it could seal a move.

Roberto De Zerbi is claimed to have a great relationship with Tonali already, which has led to him giving priority to Spurs over any potential transfer this summer.

It remains to be seen whether that could change with the involvement of other clubs, while it’s unclear whether Newcastle would be willing to cash in for a price lower than their initial valuation.

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Tottenham Must Capitalise On Tonali Advantage

Sandro Tonali in action for Newcastle United against Manchester United in the Premier League

Tottenham are in a strong position to land Tonali, not because of their recent league finishes, but because of the quick work they are already doing in the transfer market.

Rivals for his signature, such as Arsenal and Manchester City, are all either waiting on other deals or haven’t yet made a move to land the star.

Meanwhile, Tottenham’s quick thinking to sort out other problem positions means that moving on to Tonali relatively quickly could see them land a deal for a midfielder they wouldn’t have otherwise secured.

The connection with De Zerbi means there is likely some instant buy-in from the Italian international, which could also prove pivotal in the decision he makes.


Tottenham Hotspur chairman Daniel Levy watching on from the stands


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Tottenham Hotspur have been the busiest Premier League club in the summer transfer window

It’s a move that may not have otherwise come about, especially with the competition to sign him. It means Tottenham can’t afford to miss out on him.

Tonali’s quality on the ball, and his ability off it, means Spurs could have an all-round midfielder who can give them some calmness in the centre of the pitch that has been lacking.

It remains to be seen whether they can seal a move, but it’s one that the club can’t let slip, now he is in their sights.

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