Rangers are keen on ending Celtic’s recent dominance in Scottish football, and a lot of funds are continuously being pumped into the Ibrox project.
Former boss Pedro Caixinha and new boss Steven Gerrard splashed the cash in the last two summer transfer windows, and that has had its toll on the club’s finances.
Rangers posted their annual accounts during the midweek, and loss for the year was at £14.3million.
Since going into administration in 2012, the Light Blues have struggled to reach Celtic’s heights, and Hoops’ former financial consultant David Low reckons they have been approaching their finances the wrong way.