RANGERS fans groups have reacted with fury after it was revealed former chief executive Charles Green was paid almost £1million by the club.

As revealed in late editions of yesterday's Evening Times, in 13 months, up to June 2013, Mr Green was paid £933, 376.

The disgraced Yorkshireman received a salary of £333,077, a £360,000 bonus, and benefits which amounted to £22,449.

He also received a severance payment of £217,850, according to the club's annual accounts, which were published yesterday.

Furious fans are demanded answers about Mr Green's "overpayment", with Rangers supporters' chief Drew Roberton calling the payment "scandalous".

Mr Roberton, spokesman for the Rangers Supporters' Association, told the Evening Times: "I don't know of any other job where you would receive such a huge severance payment for resigning.

"I know that Rangers have a financial plan, but something seems to be seriously wrong with that plan.

"It will be interesting to see how they will try and justify that amount on money and I'm sure every effort will be made to do just that at the AGM.

"But, to me, it is unjustifiable. It's just shocking."

The latest instalment in the Rangers saga came as the club revealed it had generated revenue of £19.1m until the end of June this year.

It also announced that ­despite the operating loss of £14.4m, the company ­recorded a post tax profit of £1.2m.

Manager Ally McCoist received a salary of £825,858 for the period, while finance director Brian Stockbridge took home £409,308.

Rangers Supporters' Trust spokesman Mark Dingwall, said: "I think Mr Green did a remarkable job, in some instances.

"However, he was vastly over paid for the job he did.

"His severance payment was a bad decision by the board, and I don't think supporters who spend their money on season tickets will be too amused.

"Fans are very worried about the club's level of spending and about the club's future."

The Ibrox club's annual financial figures stated "overall staff costs" had been reduced from £30m to £17.9m, which included a first team wage bill of £7.8m.

However, the club's chief executive Craig Mather played down the impact of the loss, insisting the club is moving in the right direction.

He said: "As expected, we are reporting significant ­operating losses, although a retained profit. This is consistent with the club's five-year business plan.

"At no stage was it anticipated nor forecast that the business of the football club could return an operating profit in the first year since acquisition.

"The full recovery of Rangers will take time and I am delighted to report that the club is firmly on track to achieve this objective."

Rangers also confirmed that Mr Green no longer has a notifiable stake in the club, following a sale of shares last month.

The Ibrox club, which raised £22m through a share issue in December, revealed it had £11.2m cash in the bank on June 30, £4.5m of which came from season-ticket sales.

Rangers also announced they would hold their ­annual general meeting on October 24.

Mr Mather, was appointed as chief executive of the Ibrox club earlier this year, also thanked Rangers fans for their "unwavering commitment".

He added: "Financial ­discipline has been essential and we will continue to keep a firm grip on expenditure.

"As we strive to progress through the leagues, revenues can be expected to rise and there will be greater opportunity to improve ­financial performance further."

rebecca.gray@eveningtimes.co.uk