Share fall small at Rangers despite big loss

SHARES in Rangers International Football Club plc fell by just 0.5p yesterday - despite the company posting a £3.7million loss in their interim accounts for the seven months to December last year.

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Graham Wallace will soon reveal outcome of 120-day review
Graham Wallace will soon reveal outcome of 120-day review

After opening at 32p, the price rose to a high of 32.88p before falling to 31.5p as a total of 42,918 shares were traded.

RIFC plc, the parent company of The Rangers Football Club Ltd, was floated on the Alternative Investment Market two years ago by former Ibrox chief executive Charles Green, but has burned through £17.7m in just 18 months and had just £3.5m in the bank as at December 31.

Chief executive Graham Wallace will shortly reveal the outcome of his 120-day review into the business and football operations at Ibrox.

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