A SHOCKING new report has revealed that Rangers borrowed more than £22m in their latest year's accounts, more than double Celtic's total. 

The Ibrox club's total of £22.5m is more than the remainder of Scottish football's professional clubs combined. 

Announced as part of report shared on social media by football business lecturer Keiran Maguire, the Gers's borrowings were taken from their most recent accounts. 

In comparison, Celtic borrowed £10.8m, the second highest total in Scotland

In October it was revealed that Rangers' pre-tax losses had more than doubled for a second consecutive year to £14.3million.

READ MORE: Rangers AGM: Low-key meeting is a sign of the times and the progress at Ibrox

An auditor expressed "concern" over the figures but chairman Dave King insisted there are no questions being asked about the club's financial strength.

The report was put together by the University of Liverpool lecturer to display the amounts borrowed by British clubs, totalling £3.5bn. 

READ MORE: Rangers financial losses double as auditor expresses "concern"

Other Scottish clubs registered - Hibernian, Motherwell, Dundee United and Dundee - owe around £9m between them. 

Three other clubs in Scotland also borrowed, however the totals of Aberdeen, St Johnstone and Ross County were all less than £1m while Partick Thistle and Kilmarnock did not record any borrowings.