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05.12.2023 - 13:21 / dailyrecord.co.uk
Determined John Bennett has promised Rangers supporters the club WILL break even and revealed his cast-iron plan to turn it into a reality.
The chairman pledged to shareholders at the club's AGM they will never return to the dark days of 2012 and told them he will reduce the £10.5million loss of last year to nothing without factoring in player trading. The Ibrox board avoided a grilling from those in attendance at Edmiston House but gripes over the latest financial which showed a net loss of £4.1m and a higher wage bill than Celtic topped the agenda.
But an unbowed Bennett – who recently roared the club will become serial winners once more – has urged shareholders and supporters alike to keep a close eye on their losses and how they will be wiped out in the coming years. Addressing the club's AGM, Bennett also said there will be money for Philippe Clement to spend. He said: "This club lost £10.5m last year pre player trading, that's a number that needs to go away and you should keep an eye on that number. That £10.5m needs to become zero.
"I've been kicking tyres and finding cost savings and it will come down. Rangers will go to a place where they break even before player trading so don't be concerned about that."
And the chairman believes any fears over a return to previous financial strife are an impossibility for a club who will leave no stone unturned as they unite to back Clement. He insisted the manager will have have money to spend in the forthcoming windows – despite the money wasted by Michael Beale.
Bennett added: "It will not cause us any problems like we suffered 10 years ago. That’s over. I wouldn’t worry about our summer spend and what Philippe wants to do. I want our fans to know it’s a process.
"It’s not
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