Rangers need 'significant funds' by January to meet day-to-day costs Rangers say they need "significant further funds" by January to be able to meet their day-to-day costs. The Ibrox club published their accounts of the year ending June 2014, which showed a rise in revenue of 32 per cent to £25.2m and a drop in operating losses by 42 per cent to £8.3m. In their strategic report, Rangers say they need £8m to meet their running costs in 2015, with a large amount required immediately. Whilst there are no certainties over how that cash could be raised, the club's directors say they "have several options open to them to raise the required funds and have been approached by several parties wanting to offer funds on a secured basis." They add: "Whilst these conversations are at an early stage and are therefore outwith the directors' control, it does appear that a commercially acceptable agreement can be secured. These conditions around the refinancing of the existing short term loan facilities and the need to secure further financing result in the existence of a material uncertainty which may cast significant doubt over the group's ability to continue as a going concern and therefore the group may be unable to realise its assets and discharge its liabilities in the normal course of business. Nevertheless, after making the enquiries referred to above, the directors believe that there is a reasonable expectation that the Group and Rangers International Football Club plc will have adequate resources to continue in operational existence for the foreseeable future. The club's auditors Deloitte included a going concern note in the accounts warning the company "requires additional funding to continue to meet its liabilities as they fall due." Rangers' accounts in numbers The company's "financial highlights" also notes that retail revenue increased from £1.6m in 2013 to £7.6m. However, at June 2014, £3,069,000 of cash/bank balance relating to Rangers Retail Limited "not immediately available as working capital to Group." Rangers say they "significantly reduced [the] cost base across the group." Staff costs fell from £17.9m to £14.7m, with a £1.9m reduction in salary costs "following the manager's decision to take a salary cut, together with a reduction of the wage bill and termination payments in the playing squad." The club's directors took a total of £786,981 in emoluments across the year. Former chief executive Graham Wallace took home the highest amount, earning £377,827. He has also been given a severance payment of £100,000 since the year end. A brief summary of the results