Rangers achieved record revenue of £94.1 million (2024: £88.3 million), an increase of 7% year-on-year, driven by strong attendances at Ibrox, continued European participation, and sustained commercial performance. Following the change in ownership in May 2025, Rangers has now transitioned to a private company. The consortium has outlined a strategic focus on improving on-pitch performance while ensuring long-term financial sustainability under strengthened governance.
Cyborg Score Rationale
Rangers achieved record revenue of £94.1 million with improved cost control, delivering a profit before player trading of £2.7 million. However, the club reported an overall loss for the year of £14.8 million (2024: £17.2 million), reflecting ongoing challenges balancing player investment with profitability. New American ownership capital injection in May 2025 provides financial flexibility but execution risk remains high.
Top Insights
EBITDA improved to £5.6 million (2024: -£0.2 million), and operational cashflow was £12.1 million (2024: -£7.7 million), underlining significant financial progress over the past 24 months
Since the year-end, Rangers completed sales of several players including Hamza Igamane, Cyriel Dessers, Ridvan Yilmaz and Jefté, all generating healthy profits demonstrating further progress in the player-trading model
Rangers dropped down to the Europa League after a 6-0 humbling by Club Brugge in the Champions League play-off as of 2026-07-08, which sealed the fate of head coach Russell Martin, who was sacked four months after taking charge
Jim Gillespie was appointed Chief Executive Officer of Rangers Football Club in January 2026, providing new leadership continuity after ownership transition
Named Competitors
Celtic FC — Scottish Premiership rival, dominant recent league winner
Hearts FC — Scottish Premiership competitor
Aberdeen FC — Scottish Premiership competitor
Recent Developments
(May 2025) £20 million equity investment completed by American consortium led by Andrew Cavenagh and 49ers Enterprises, with acquisition of 51% shareholding
(November 2025) Published audited financial results for year ended 30 June 2025 showing record revenue of £94.1 million and improved EBITDA to £5.6 million
(June 2025) Transitioned to private company following ownership change
(January 2026) Appointed Jim Gillespie as Chief Executive Officer
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