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SBD Global/March 28, 2014/Finance
Scottish Rangers Accounts Show £3.5M Loss, Down From £7.2M In Previous Report
Published March 28, 2014
IBROX FEARS: The Scotland DAILY RECORD reported Rangers Chair David Somers has admitted "material uncertainty" over season ticket income "may cast doubt about the club's ability to continue as a going concern, as the Ibrox outfit announced its cash reserves fell" by more than £17.5M last year. Staff costs were down £800,000 to £7.5M, but the club pointed out that £500,000 "was spent on severance payments" (DAILY RECORD, 3/27).