Rangers cut losses by €4.9million

Rangers' financial results have revealed their annual losses have halved after the club secured a return to Scotland's top flight.

The Gers published their accounts for the year ending June 30 on Friday, showing they have increased turnover by almost £6million to £22.2m, while their losses have been trimmed from £7.7m in 2015 to £3.3m (a decrease of £4.4m).