Review of the Rangers Accounts 2020
via GersNet |
I was concerned when I downloaded them and they were worse than I had expected, showing a headline loss before tax of £17.8m but is it as bad as it seems? Yes and no.
No, the loss is funded by the directors/investors who have converted most of their loans into share capital. No, we could have sold players to eliminate the loss if we so desired. We didn’t, unlike other clubs,
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