Banfield spent more than 20 years with the Gunners before

Banfield spent more than 20 years with the Gunners before

(Image: SNS)Get Rangers updates directly to your inboxSubscribeSee our privacy noticeMore newslettersThe club posted its annual results on Wednesday moments before their game against Kilmarnock and revealed losses had more than doubled over the past year.Pedro Caixinha’s sacking and maintenance work at Ibrox were among reasons for operating costs that increased by But Robertson has moved to reassure fans that the club were braced for the results before Gerrard’s arrival.Rangers warned their obsession with stopping Celtic could lead to financial meltdownHe told Rangers TV: “These figures were known prior to Steven coming in”It’s not had any impact on the funds that are available to Steven to spend.”The fundamental message is that the board and investors are still backing the club and investing in both the football side and non football side of the club.”Rangers have been warned that their quest to halt Celtic’s march to 10 in a row could lead to financial meltdown.David Low was part of the consortium put together by Fergus McCann to save the Hoops from going to the wall in 1994.He believes Rangers must start living within their means or risk going bust as he labelled their financial model “madness”.He said: “Rangers have failed to make a profit since they imploded six years ago.St Mirren 0 Rangers 0 LIVE score and goal updates from the Premiership clash in Paisley”By my reading, their losses since then have totalled and that’s just madness.”Never mind the football side of this, as a financial guy looking at their accounts, their business model makes no sense. Spending more than you earn year after yearhow do they get their money back?”Their cash is due to run out again early in the New Year and they’ve admitted another in loans will be needed, with another required next season. Yet Steven Gerrard is talking about signing more players in January.”However, after those horrendous accounts, I imagine the only way he’ll be able hermes replica to do that is by wheeling and dealing, shifting some players out in order to bring others in.”But that’s easier said than done plus Carlos Pena and Eduardo Herrera are still under contract and due to return in January.”Meanwhile, Gerrard has reportedly added former Neil Banfield to his scouting department at Ibrox.Banfield spent more than 20 years with the Gunners before leaving in the summer following the departure of Arsene Wenger.Read MoreRangers FCSportallMost ReadMost RecentCeltic FCI hit Celtic hero Bobo Balde so hard but he didn’t move Chris Sutton recalls how he saved Stiliyan PetrovThe legendary Hoops star talks to Keith Jackson about his Chelsea mistake and the winning mentality forged under Martin O’Neill.Gary CaldwellGary Caldwell scored an OG with his Neil Lennon remarks but he’s no stranger to that OldFirmFactsTwitter’s funny voice on Scottish football gives us his humorous take on a dramatic week for our game.Rangers FCRangers warned their obsession with stopping Celtic could lead to financial meltdownDavid Low worked with Fergus McCann in putting together a consortium and has now issued a stark warning to the Ibrox side.Celtic FCCeltic reveal full details of first ever ‘disco lights’ show with playful social media postThe Hoops will unveil the state of the art of light and sound show ahead of the clash with RB Leipzig..

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