Monday 4 March 2013 12:05, UK
Rangers have posted a loss of £7million for the final seven months of 2012.
Rangers expect to report an operating loss at year end in accordance with the business plan and broader growth strategy. Chairman Malcolm Murray reflected on "a period of extraordinary progress for the club." He added in a statement: "These interim results cover the seven-month period to 31 December, 2012 and reflect the fact that the club is successfully rebuilding one of the UK's most renowned football institutions. "In my 30 years' investment experience, I have never seen a business move from the liquidation of one company to another's successful flotation in such a short space of time. "This could only have been achieved by the outstanding efforts of management, staff, advisers and fans. This unity and sense of purpose has, rightly, been admired internationally. "The company's performance to date will give further encouragement to all Rangers supporters who are unswerving in their commitment to ensure the club enjoys a successful future."
