Gordon Smith says Rangers financial situation worrying

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Steven Gerrard’s Ibrox club Glasgow Rangers have posted a £14 million loss.

Ibrox Stadium of Rangers

Former Ibrox star Gordon Smith has been quoted as saying by The Daily Record that Rangers fans should be worried about the Gers’ financial situation at the moment.

As reported by The Daily Record, Rangers have posted a £14 million loss in their annual accounts.

Despite turnover increasing by £3m, the operating cost has increased, and former Rangers star Smith has suggested that the Ibrox fans should be worried.

The Daily Record quotes Smith as saying: ”I think it was a certainty it was going to be a loss because Rangers don’t have the income from other sources.

“If they’ve been putting out money for players, doing different things with new contracts, it was bound to be a loss.

“I wasn’t surprised, maybe the amount was a little bit more than I thought it would be, but I wasn’t surprised they were going to issue a loss. I think (it’s) a little bit worrying.”

Pushing for the title

Rangers’ recent form has not been great, and Steven Gerrard’s side have also had issues with consistency.

While the Gers have played attacking and attractive football this season, the Glasgow giants do lack something special at times in the final third.

Rangers also seem to be a bit over-reliant on star striker Alfredo Morelos, who is one of the best in his position in the Scottish Premiership but has disciplinary issues.

The Gers are very much in the race for the Scottish Premiership title, but it is clear that they need to be more consistent and also score more goals.