Rangers accounts reveal total summer transfer spending and reduced losses

Rangers' accounts from June 2015 to June 2016 have just been released by the club, revealing a few things.

The club's losses have been cut to just £3.3 million, more than halving since the year before, while in the period, turnover increased and expenditure was reduced.

The figures are even more striking when a much lower figure of external investment was required in the period covered by the accounts.

Another interesting part - at the end of the document, concerning post-year activity, the board reveal spending between June 30th 2016 and now, with two main expenditures.

The first states that over £500,000 was spent in improving Ibrox and doing renovation work around the ground - an example of investment going in behind the scenes that isn't always obvious.

The second reveals the figure of £3,032,000 for transfer activity. Although we mostly increased the wage bill and didn't spend too much on transfer fees, this also includes all signing-on bonuses and agent fees, so is quite low considering.

You can read the accounts on the official site here. More as we take a look...