Rangers managing director Stewart Robertson revealed that the club does not need to sell players as he admits that the club is moving towards financial stability. Rangers reported an operating loss of £23.5m last season. This deficit was £7.5m more than the operating loss they suffered the previous season.
“The short answer to the question is yes, I think we are on the cusp of it.” Rangers managing director Stewart Robertson said about the club being on the cusp of financial stability. “It has been a long road to get there because we know the investment required at the club. Due to the support, we have had from the board and the investors who aren’t here today and the investors sitting in the audience today we are now very, very close to being in that position.”
“We said in the financial report that we are looking to record a positive profit and that is looking very probable rather than possible and that is without a player sale,” he added. “I know there is a bit of chat in the press that we need to sell a player – we don’t need to sell a player. What we need to do is get ourselves to a normalized position with a player trading model which is selling the right player, at the right time, at the right value for Rangers and that is something that again, we are very close to doing.