Rangers released their official annual figures today, reporting record revenues but a significant year-on-year loss of £17.2m.
Within the report – at over 30 pages long – the Operational Report section of the business review outlines how much the club's wage bill has been cut in the face of the recent and ongoing squad rebuild.
"Realignment of costs has been made across the business, but particularly in the first team squad cost, which reduced by £2.5 million," reads the report. "This is anticipated to reduce by a further c£6 million in the coming year since the Summer 2024 transfer activity.
"A strategic review of the player trading model was undertaken after Nils Koppen joined the club."
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The report continues: "Together with the manager, and with the support of the Board, there has been a focus on reducing the age profile of the squad...
"Ensuring the first team wage budget is commensurate with our business model and delivering enhanced squad value through acquisition of top-rated young talent.
"Delivering on the player trading model is critical to the future success of the club."
