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Rangers' debts increase to 31m

12 Nov 2009 13:55:56

Rangers' debts increase to 31m

Rangers Football Club made a loss of nearly £13m last year, compared with a profit of £7.2m the previous year.The extent of the club's financial woes was revealed in their annual report, which showed total debts rising from £21m to more than £31m. Turnover at Ibrox fell from £64.5m to £39.7m in the past year. Rangers are currently seeking new owners, with former chairman Sir David Murray keen to off-load his controlling stake. Details of the financial situation at the club were revealed on.... read more


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