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Rangers accounts reveal total summer transfer spending and reduced losses

Rangers have released their accounts for the last year, and there are some interesting tidbits there.

Woes Continue For Rangers As They Are Handed A 12 Month Transfer Ban Photo by Jeff J Mitchell/Getty Images

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...