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Scotland Covid-19 reports Provident and Rangers Scotland

Rangers announce £23.5m losses and plummeting revenues as club reel from the effects of Covid

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Rangers made a loss of £23.5million for the financial year ending June 2021 as they blamed Covid for hitting them hard.That figure is up almost £8m from last year and comes despite the club winning its first Scottish Premiership title for a decade.Revenue at Ibrox is down by £13m and in a statement on the club’s website they put much of that down to the impact of the pandemic.Fans were locked out for the entirety of their historic league-winning campaign and they were unable to maximise their income.In their annual report, Rangers said: “The year to 30 June 2021 was undoubtedly and heavily affected by the COVID-19 pandemic.“The associated negative impact on revenue (both matchday and non-matchday) was in excess of £20m, resulting in a

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Scotland Covid-19 reports Provident and Rangers
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