Rangers F.C annual report ending 30th June 2025

A detailed analysis of Rangers' record revenue, UEFA financial regulation compliance, and the signs of progress in amongst the heavy £15m loss

Rangers have released their accounts for the most recent financial year, ending 30th June 2025. On 1st July 2025, Rangers re-registered from a public company (PLC) to a private company (LTD). The requirements for filing the annual report for a LTD are within 9 months of the year end, compared to just 6 months for a PLC. As a result of this, several LTD football clubs (including Leeds United), release their statements by the deadline of the following March.

Today’s release in November may be a conscious decision by the club - as fans have come to expect the statements at this time every year. However it remains to be seen if this will be the case next year, especially given it is not a requirement of an LTD club to file before the following March.

The headline figure with these accounts will naturally be that it is another heavy loss for Rangers (-£14.8m). However this figure alone does not tell the whole story of their financial year. There are definite signs of financial progress in amongst these heavy losses, which I will now examine.

This article will look at the club’s revenue, losses, wage bill, player trading, compliance with the UEFA FSR regulations - and more.