Monday, January 25
Collect News Data
Nov 26, 2020 at 8pm UK
Arfield (7'), Roofe (69')
Kamara (79')
FT(HT: 1-0)
Tavernier (78' og.), Pizzi (81')
Gabriel (16'), Chiquinho (42'), Vertonghen (83')

Steven Gerrard: 'Rangers are in much better financial shape'

:Headline: Steven Gerrard: 'Rangers are in much better financial shape':
The Ibrox club have failed to turn a profit for eight straight years since their 2012 collapse.
Sports Mole

Steven Gerrard believes Rangers now have the playing assets that will help put the club back on a sound financial footing.

The Ibrox outfit revealed on Friday they had made an operating loss of £15.9million for the financial year up to June – and will have to raise more than £20million by the end of next season to avert another cash crisis.

It is the eighth year in a row in which the club have failed to turn a profit since their 2012 collapse – with losses during that period totalling more than £80million.

However, chairman Douglas Park and director John Bennett have agreed to cover the shortfall over the next 18 months.

That has further impressed Gerrard after seeing the board reject Lille's £16million bid for Alfredo Morelos during the summer, when they knew that sum could have put Rangers back in the black.

Rangers were forced to deliberately overspend in recent years in order to pick the club back up off its knees.

Now the manager reckons the Light Blue legions should have confidence in the state of the club's finances, insisting that, with the likes of Morelos, Ryan Kent, Borna Barisic, Glen Kamara and James Tavernier valued in the multi-million pound bracket, Rangers can at long last look to generate cash from within their own dressing room.

He said: "The board support has been fantastic since the first day I came in, really.

"In terms of the (financial) numbers, obviously you have to take certain things into consideration given the timing. They could have looked very much different if we did accept a bid for one of our big assets.

"I think the important thing to know is that this team is in much better shape than it was when we came through the door.

"The team is littered now with big assets. The team is worth an awful lot of money now compared to what it was."

Rangers' annual results would have been a lot bleaker had it not been for the £21million raised from the club's run to the last 16 of the Europa League last season.

And Gerrard is well aware of the importance of qualifying for this year's knock-out stages given the impact of Covid.

The Rangers boss – whose side can take a major step towards the last 32 by beating Benfica at Ibrox on Thursday night – said: "Europe is always important for a club like Rangers because of the history and the big European nights that have gone before.

"So from a football point of view there's always a responsibility and an expectation here as the Rangers manager to continue to do well, year on year.

“The team is littered now with big assets. The team is worth an awful lot of money now compared to what it was”
- Rangers manager Steven Gerrard

"If that means we make more money or we go further in competitions and that helps from a financial point of view, then great. That is always the aim.

"The board and myself are on the same page and we're happy with where the team is at right now. But we both know there is still a lot of work to do to get to where we want to be."

Rangers claimed a 3-3 draw at Sporting Lisbon earlier this month but Jorge Jesus' Portuguese giants have been hit hard by an coronavirus outbreak in the build-up to their trip to Glasgow.

Midfielder Adel Taarabt is the fifth member of their squad to come down with the virus, joining Darwin Nunez – who scored the stoppage-time equaliser at the Stadium of Light – in quarantine.

But Gerrard is only concerning himself with how he extends his team's impressive unbeaten run this term, which now stands at 21 games.

He said: "The main focus is always on us and Rangers and the majority of the preparations that we have are mainly focused on us.

"We obviously have to pay attention to what is happening elsewhere because we need to know the possible team and who we could be facing from a personnel point of view and what kind of team and formation we think we could be facing.

"Winning games and going on unbeaten runs definitely breeds confidence in the group. The players have experienced playing against these players and their team not so long ago and shown, certainly for big parts of the game, that we can match and compete with Benfica.

"We have major respect for Benfica individually and as a group. You are talking about high-level players, a high-level club and a manager with big experience. We expect a very tough game, but a game that we are really looking forward to and are excited about.

"We couldn't be going into it in a better place really, given the run of games that we have been on."

body check tags ::

amp_article_423708 : Collect and Make Data not in DataBase  : 
last updated article - 2020-11-25 13:00:27:
html db last update - 2021-01-23 01:06:05 :

ex - 7200 : read : write cache and make html

Click here for more stories about Steven Gerrard

Click here for more stories about Benfica

Share this article now:

Subscribe to our Newsletter

Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Get the latest transfer news, match previews and news direct to your inbox!
Recommended Next on SM
Steven Gerrard issues rallying cry to Rangers ahead of "pivotal" Benfica clash
Chelsea confirm Frank Lampard sacking
Mbappe comments 'cause Madrid to turn to Haaland'
Monday's Primeira Liga predictions including Benfica vs. Nacional
Primeira Liga Table
1Sporting Lisbon1411303192236
4Pacos de FerreiraPacos de Ferreira1584322121028
6Vitoria de GuimaraesGuimaraes148241913626
8Santa ClaraSanta Clara155371519-418
10Rio AveRio Ave153661118-715
16Gil Vicente143471016-613
17SC FarenseFarense143381520-512
Scroll for more - Tap for full version

Subscribe to our Newsletter

Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

Premier League Table
1Manchester UnitedMan Utd19124336251140
2Manchester CityMan City18115231131838
3Leicester CityLeicester19122535211438
5Tottenham HotspurSpurs1896333171633
7West Ham UnitedWest Ham199552722532
8Aston Villa1792631181329
12Leeds UnitedLeeds187293034-423
13Crystal Palace196582233-1123
14Wolverhampton WanderersWolves196492129-822
16Newcastle UnitedNewcastle1954101832-1419
17Brighton & Hove AlbionBrighton193882229-717
19West Bromwich AlbionWest Brom1925121543-2811
20Sheffield UnitedSheff Utd1912161032-225
Scroll for more - Tap for full version
. . . . . . . . . . . . . . . .

We value your privacy

A part of our GDPR compliance we need to ask for your consent. We and our partners use technology such as cookies on Sports Mole to personalise content and ads, provide social media features, and analyse our traffic. Click below to consent to the use of this technology on Sports Mole.