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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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England Fans Admit They ‘Owe Apology’ to Madueke After Croatia Win

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It was a perfect first outing at the 2026 World Cup for England as they beat Croatia 4-2. They’d had to wait six days after the tournament began, but the Group L clash lived up to expectations.

Harry Kane opened the scoring from 12 yards, getting to retake his initially missed penalty, but saw his team pegged back thanks to a fine strike from Martin Baturina in the 36th minute. The England captain hit back with a header from a corner before the break, but there was still time for Petar Musa to make it 2-2 before the half-time whistle blew.

In the second half, the Three Lions really took control of the game, keeping Croatia at arm’s length throughout. They were helped by Jude Bellingham’s effort just two minutes after play resumed, while Marcus Rashford made it 4-2 late on to seal what was an impressive performance for the most part.

One man in particular stood out and has picked up plenty of praise from the England fans.


England players pose for a team group photo before the World Cup match vs Croatia


England Fans Worried ‘Shocking’ Star Will Cost Them World Cup Despite Win vs Croatia

He was way off the pace for the Three Lions.

Three Lions Star Delivers Goods at World Cup

Thomas Tuchel Jim Rassol via Reuters

Before the game, there would have been many disappointed to see Arsenal star Bukayo Saka start. However, Tuchel has revealed that the winger is nursing an Achilles injury, so he won’t be fully fit at the start of the World Cup.

As such, Noni Madueke was given the nod. The other Arsenal winger is a fine player on his day, but can often frustrate fans. This was evident with the open goal he missed in the pre-tournament friendly against Costa Rica. His efforts on that day left many insisting he should not start this summer.

Tuchel ignored those pleas and was rewarded with an electric performance. Madueke was arguably the most threatening player on the pitch in the first half as he won a penalty for the Three Lions and consistently wreaked havoc on the left wing.

He finished the game with a 7.6 SofaScore rating, only bettered by Harry Kane and Jude Bellingham. The winger played 72 minutes in total, with two key passes, one big chance created, 0.41 expected assists, and lost the ball just twice with his 26 touches.

England Fans Apologise to Madueke

Noni Madueke

A number of England fans made it clear they had misjudged Madueke’s quality, as they took to social media to apologise to the winger. One wrote:

“Noni Madueke I owe you an apology. England’s best player.”

Another added: “Madueke I owe you an apology.” One more said:

“Madueke I owe you an apology I wasn’t really familiar with your game.”

Others were really impressed, with one remarking: “Madueke has been the best player for England so far in this game and this same guy everyone keeps saying he doesn’t deserve a spot at the World Cup campaign. Let your apology be louder than your disrespect.”

One more summed up the mood, saying: “I keep telling you guys Noni Madueke is an elite winger.”

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Thomas Tuchel Lost it With England Star Jordan Pickford vs Croatia

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England boss Thomas Tuchel appeared to clash with one of his key players over certain tactics during his side’s win over Croatia in the World Cup group stage.

It came during a chaotic first half in Dallas, when the Three Lions took the lead twice through Harry Kane, but were pegged back by Martin Baturina and Petar Musa before the break.

Assistant head coach Anthony Barry revealed his frustrations with the team in a punchy half-time interview with ITV, while whatever was said at the break certainly sprang the side into life for the second half.

There were clear frustrations spilling over at points, which extended to the England head coach, as well as his assistants on the touchline.

Thomas Tuchel And Jordan Pickford Clash

England manager Thomas Tuchel looks worried vs Croatia England manager Thomas Tuchel via REUTERS/Hannah Mckay

As far as first matches at the World Cup go, Tuchel has been handed one of the more exciting games to pick the bones out of. There will be tweaks ahead, and some consultation with his players no doubt.

One of those who may have a bit more time on the training ground is Jordan Pickford, who seemingly clashed with the manager over his insistence of playing out from the back.

While the ITV cameras didn’t catch it, reports Geoff Shreeves, who was working for FOX Sports in America, claimed that the manager barked instructions at his goalkeeper.

During a break in play in the first half, while the Everton shot-stopper is believed to have fired back some words at the head coach, Tuchel is alleged to have said:

In the end, England persisted with playing out from the back, as goals from Jude Bellingham and Marcus Rashford secured a 4-2 win with a much-improved second-half display.

It marked the first three points of the campaign for the Three Lions, who take on Ghana next in Boston, before the third and final match against Panama in New Jersey.

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Perfect Start For England And Tuchel

England's Ezri Konsa and John Stones embrace before the match vs Croatia England’s Ezri Konsa and John Stones via Reuters/Maria Lysaker

England’s topsy-turvy opening game in Texas has helped get the tournament underway for the side after a long wait from the initial start date for the competition.

It provided an ideal start with three points for Tuchel, but it also provided the perfect test for the manager to sink his teeth into international management at the World Cup.

While England could’ve turned up and smashed a minnow, they were tested by a good Croatia side who were able to show some of the strengths and weaknesses with the manager’s approach.


An image of the England and Croatia flags before the World Cup group stage clash


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It was a perfect start, not in display, but in what it provides for the head coach. It gave him three points, some positive displays, but things to work on that should make England better in the latter stages of this tournament.

It remains to be seen just how far the Three Lions can go, but that win over Croatia could be the foundation for a deep run this summer.

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How He Reacted to Red Bull Contract Extension Offer

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It has been revealed what Max Verstappen told Red Bull Racing in response to a contract extension tabled by the Formula 1 giants, a proposal which would see the Dutchman stay with the team until 2032.

It has been previously stated that Verstappen held meetings with the team, and he did not want to discuss his future with the side at all. However, according to Ralph Schumacher, discussions over the driver’s contract were in fact brought up during the meeting held in Milton Keynes.

An apparent 6-year contract extension was tabled by Red Bull’s top brass, but Schumacher, on the Backstage Boxengasse podcast, shed some light on the meeting, how this offer was received by Verstappen, and other issues that were brought up during the event.

Max Verstappen’s Reaction to Red Bull’s Long-Term Contract Offer

Red Bull

“I get the feeling that Oliver Mintzlaff has faded into the background a bit.” Red Bull’s managing director took a lead role following the exits of Helmut Marko and Christian Horner. He continued: “You don’t see him around. I reckon Mark Mateschitz has now made [development] a top priority, that’s why Max Verstappen was in Austria. I get the feeling they’ve lost a bit of trust in each other.”

When discussing Verstappen’s contract extension, Schumacher claimed, “I’ve heard they were desperate for Max to sign a contract until 2032. Max apparently refused and said, ‘Well, I don’t need that right now; I’m on contract until 2028 anyway, so I’d rather wait and see.’”

It is also believed that Verstappen has an exit clause in his current contract, which is based on the standings of this year. If the four-time world champion is outside the top two by the summer break, this clause will become active. Verstappen currently sits 60 points behind Lewis Hamilton, who is in the midst of something of a resurgence in the iconic red of Ferrari, and Red Bull’s form is not quite that of Mercedes and the Scuderia, who are extending their leads week on week at the top of the table.

Red Bull’s Offer to Eliminate Max Verstappen’s Summer Exit Clause

Max Verstappen

Red Bull management have now accepted that Verstappen won’t make the top two before the summer break and reportedly to have a plan to stop their star man from leaving.

According to Sports Bild, they have decided to ‘buy it out’. To persuade Verstappen to waive the clause, they will try to pay the driver a figure in the tens of millions to stay on.

Despite this, fans and pundits alike suspect that he will only stay on if he sees a route back to the top of the sport, which is where he, and the team, will believe he belongs.

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