Rangers have got ‘serious issues’ as new documents become public – Keith Wyness
Aberdeen’s former chief Keith Wyness has insisted the latest accounts from Rangers show “serious issues” which must be fixed at “boardroom level and investor level”.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Aberdeen between 2000 and 2004, had lengthy spells as the chief of Everton and Aston Villa and now runs a football consultancy advising elite clubs – claimed the off-pitch woes are not a direct result of poor performance on the pitch.
Rangers released documents showing their accounts for the 2023-24 season on 29 October, revealing their core revenue increased from £83.8million in 2022-23 to a record-breaking £88.3million and total income of £94.2million.
However, the club’s net losses increased by £4.1million to £17.2million in 2023-24.
One financial positive was the slashing of overall wage costs from £64million in 2022-23 to £61.1million last season.
On the pitch, Rangers sit third behind Celtic and Aberdeen in the Scottish Premiership and are playing Europa League football after failing to qualify for the Champions League in August.
Rangers finances must be fixed at ‘boardroom and investor level’, says Wyness
Wyness told Football Insider‘s Insider Track podcast:“There are some big challenges ahead for Rangers.
“Those numbers do not make good reading. The one ray of light is winning the Scottish League Cup semi-final.
“But they’ve got serious issues.
“We know Celtic have got serious reserves in the bank right now, Rangers haven’t – and yet they are the side in need of a rebuild in many ways.
“Rangers have got to solve this at boardroom level and investor level. This isn’t, right now, a football issue. You’ve got to solve it higher up before you can start tinkering.”
In other news, top source shares verdict on Rangers agreeing Graham Potter deal.
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