Rangers announced their latest annual financial results tonight with a loss of £11.3 million the main talking point – despite some positive figures elsewhere.

The figures were announced on the club website as part of the annual report and revealed the club has spent £30millions on players over the last three years.

GLASGOW, SCOTLAND - SEPTEMBER 01: General view outside the stadium prior to the Ladbrokes Premiership match between Rangers and Celtic at Ibrox Stadium on September 01, 2019 in Glasgow, Scotland.
(Photo by Mark Runnacles/Getty Images)

There was a 63 per cent increase up to £53.2 million from £32.6 million, partly as a result of reaching the Europa League group stages last season.

Supporters have also snapped up a record number of season tickets as they get behind Steven Gerrard’s side in their bid for the club’s first league title since 2011.

Another positive was the confirmation that £18.2m had been generated through share issues over the year, raising £1.6m of cash, converting £16.6m of investor loans from the likes of Dave King into shares.

GLASGOW, SCOTLAND - JUNE 29: Dave King, Rangers Chairman, reads out a message to the Rangers Fans before the UEFA Europa League first qualifying round match between Rangers and Progres Niederkorn at the Ibrox Stadium on June 29, 2017 in Glasgow, Scotland.
(Photo by Steve Welsh/Getty Images)

Fans on Twitter are split on the results, however, there is a consensus that the club needs to do better overall – particularly when it comes to selling players on for profit.

Some were also quick to poke fun at Celtic fans – with one saying it was “cruel” to have released them on a Friday night.

Here are some of the comments from Rangers fans on Twitter:

https://twitter.com/LaRabbie/status/1190353322684932096

https://twitter.com/NewcoTed/status/1190353457489821696

https://twitter.com/OnlyAnExcuse/status/1190341259719827457

https://twitter.com/RangersRetroPod/status/1190347605592678400

https://twitter.com/rockthekasbah88/status/1190343238617632769

https://twitter.com/garethbristo/status/1190349051465797638

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