PAUL MURRAY wants Rangers to be back 'at the very top' within seven years as the new Ibrox board continue their rebuilding job.

The interim chairman delivered his blue print for the future as it was revealed RIFC plc posted a loss of £2.6million for the six months to December 31, 2014 and the scale of task ahead was put into sharp focus.

The new board can count on the financial backing of Dave King and the Three Bears consortium and Murray is confident they can return Rangers to the highest level domestically and on the continent.

He said: "The vision I mentioned earlier is to focus on the next seven years so that by 2022, the Club's 150th anniversary and the 50th anniversary of Barcelona we, Rangers, will be back at the very top.

"This means that over the next few years the finance we are putting in place now will provide the infrastructure and personnel at Murray Park to make sure Rangers are competing and winning in Scotland's top flight as well as stepping back into the European arenas again.

"Then for the three or four years after that all our efforts will be directed towards making Rangers stronger and European regulars as our 150th year approaches. That year should be one of celebration.

"It is not unreasonable to expect this because Rangers have been there before so the message is that by purchasing a new season ticket you are investing in Rangers' future.

"Winning the boardroom back was Part One of the recovery and now we face Part Two.

"A massive rebuild is required at every level and in every department of this huge Club of ours and we cannot and will not shy away from those tasks.

"Together we will regenerate every aspect of the Club and make certain Rangers will be a force again on and off the field of play."