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Last Updated: March 26, 2026 | 09:12 GMT

Rangers chairman Andrew Cavenagh, Danny Rohl of Rangers during the clash with Hibernian.
Credit: Manh Tung, Breaking Media/Imago
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RANGERS FINANCE:
Transfer Budget, Boardroom & 49ers Enterprise Updates

Rangers have continued to demonstrate strong financial growth, with revenues reaching in the region of £90m–£95m, supported by consistent matchday income, European competition earnings, and ongoing commercial expansion. This level of turnover highlights the club’s ability to generate significant income streams, strengthening its position both on and off the pitch under the 49ers Enterprises and Andrew Cavenagh.

Investment from the ownership group — including a reported £20m injection — has further reinforced the club’s financial footing, helping to stabilise cash flow and support longer-term planning. As a result, Rangers are operating with a healthier balance sheet, with improved liquidity allowing for more flexibility in the transfer market, even while remaining mindful of cost controls and financial regulations.

Rangers Financial Status

Financial MetricVerified FigureStatus
Total Turnover (24/25)£94.1mRECORD HIGH
Takeover Capital Injection£20m49ers BACKED
Closing Cash Balance£30.5mSTRENGTHENED
Pre-Player Trading Profit£2.7mSUSTAINABLE

Figures based on official 2024/25 Rangers FC annual reports and the May 2025 49ers Enterprises/Cavenagh majority takeover deal.

At the same time, the club continues to manage its squad efficiently, with player trading playing a key role in balancing the books. Recent transfer activity, including player sales and structured deals, has helped offset wage costs and amortisation, contributing to a more sustainable financial model. Despite reporting losses linked to player amortisation and operational costs, Rangers remain in a position where revenue growth and trading activity are gradually closing the gap.

For Danny Rohl, this financial platform is crucial. It provides the ability to invest more strategically in the squad, with a focus on key areas of improvement and targeted recruitment rather than wholesale spending. With a carefully managed transfer budget expected to be in the tens of millions, Rangers are aiming to build a squad capable of challenging domestically while maintaining financial discipline.

Who are the key boardroom and background figures at Rangers?

Over the past year, Rangers have seen significant changes both in the boardroom and across their coaching setup. Alongside Andrew Cavenagh, a dedicated team of technical staff is working hard to restore the Gers’ dominance in Scottish football and secure their place at the top of the Scottish Premiership.

Here’s a rundown of the key figures operating behind the scenes to keep things running smoothly at Ibrox.

Strategic Board

Ownership
Andrew Cavenagh
Chairman
Leading the 49ers-backed consortium. Focused on long-term capital investment and global commercial growth.
Executive
Fraser Thornton
Acting CEO / Director
Providing operational leadership during the executive transition; overseeing SPFL board relations.
Strategic
John Halsted
Non-Executive Director
American investor with 30+ years of private equity experience, supporting Ibrox’s financial stability.

Football Operations

Technical
Dan Purdy
Technical Director
Appointed June 2025 from Everton. Overseeing data-driven squad development and footballing philosophy.
Recruitment
Robbie Thelwell
Head of Recruitment
Joined from Norwich City to modernize scouting networks and talent identification pathways.
Performance
Jamie Ramsden
Head of Performance
Promoted to oversee elite sports science, medical, and player physical conditioning.

Executive Leadership

Operations
Jim Liggett
Chief Operations Officer
Managing club infrastructure, matchday safety, and stadium operations at Ibrox.
Commercial
Greig Mailer
Chief Marketing Officer
Driving global brand strategy and fan engagement initiatives across digital platforms.