MX23RW : Sunday, November 24 13:48:19| >> :600:197817:197817:

Rangers announce club 'mismanaged cash reserves' in 120-day review

Rangers reveal in their 120-day review into the club's finances that they have just £3.5m left from the £70m raised since May 2012.

Rangers chief executive Graham Wallace has revealed that the club "mismanaged" almost all of their cash reserves after coming out of liquidation two years ago.

The Scottish outfit's 120-day review into their finances was released on Friday, detailing that £3.5m from the £70m raised since May 2012 was all that remained in December.

The Stock Exchange received the document, which claimed that the club plans to raise £30m over the next three years, but has warned that the club could be threatened should money be withheld from season-ticket sales.

Wallace also claimed in the review that they will not have to cut down the playing budget for manager Ally McCoist.

ID:151684: cacheID:151684:1false2false3false:QQ:: from db desktop :LenBod:restore:1127:
Restore Data
Share this article now:
Rangers manager Ally McCoist looks on from the stand during the pre season friendly match between Rangers and Newcastle United at Ibrox Stadium on August 06, 2013
Read Next:
McCoist keen to keep squad together
>
rhs 2.0
Today's games header
6pm
Vikings
@
Bears
6pm
Lions
@
Colts
6pm
Patriots
@
Dolphins
6pm
Buccaneers
@
Giants
6pm
Chiefs
@
Panthers
6pm
Titans
@
Texans
6pm
Cowboys
@
Washington
9.05pm
Broncos
@
Raiders
9.25pm
49ers
@
Packers
9.25pm
Cardinals
@
Seahawks
Tables header RHS
TeamPWDLFAGDPTS
1Celtic1211103543134
2Aberdeen12101125121331
3RangersRangers12723179823
4Dundee UnitedDundee Utd135531914520
5Motherwell126151616019
6St Mirren145361923-418
7Dundee134362225-315
8Ross County143651222-1015
9St Johnstone144191727-1013
10Kilmarnock133371526-1112
11Hearts142391524-99
12Hibernian131571222-108


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!