Rangers today pinned its hopes on regular battles with London clubs such as Arsenal, Chelsea and Spurs as it reported a £7 million loss.
Chief executive Charles Green said the two big Glasgow clubs — Rangers and Celtic — should be admitted to the English game, but not straight into the Premier League. His comments came as the AIM-listed club posted the loss during the seven months to end-December. Rangers dominated Scottish football with rival Celtic until going into liquidation last June.
The club owed £134 million creditors and was demoted to the Scottish Third Division. The fallen giant has recently agreed a five-year kit-supply deal with sportswear group Puma and a one-year shirt sponsorship deal with C&C’s Blackthorn Cider. Rangers said it expect to make an operating loss this season but move into profit the next year.
