Rangers are one of only two clubs to have been awarded silver in ‘legal/admin/finance & codes’ section of the latest SFA Licence report.
Alongside Hamilton, Rangers received the silver award in the category. Dundee and Livingston both posted bronze.
The Ibrox club received gold in every other category; that is ‘ground’, ‘first team’, and ‘youth’.
Only Hibs and rivals Celtic received gold in every category. Celtic received platinum over-all, Rangers silver.
Rangers’ award comes despite the club posting a profit for the six months up to the end of last year [Rangers.co.uk].
This was supported by a run in the Europa League which not only brought in prize money but also gate receipts.
The club’s financial situation was also not helped by the appointment of Pedro Caixinha. The Portuguese manager wasted several millions of pounds on imports, whilst selling off some of the club’s biggest assets at cut-price rates.
At the clubs last AGM, Dave King said that the impact of this period is still being felt by the club.
The SFA licence award is the exact same as last year, where the club received gold in every category but was awarded silver in ‘legal/admin/finance & codes’.
The silver award has not prevented Rangers being granted a UEFA Licence, which means they can compete in Europe next season.
The next licence review will be in 2020.