Philippe Clement: Rangers part with manager after loss to St Mirren
Clement’s summer transfer budget was limited in the Champions League qualifying phase in August as financials deteriorated on the court.
Rangers announced a loss of £17.2 million for the year to June, an increase of £4.1 million from the previous academic accounting period, prompting a reduction in first-team wage bills this season.
Compared to the £13.4 million profit of the three-mile champion Celtics, the Rangers failed to enter the Champions League group stage or league stage this semester.
Former club Club Bruges and Monaco owner Clement signed a new deal earlier this season until 2028, meaning Rangers faced management compensation in the third quarter.
Indeed, the Rangers are looking for their fifth permanent manager in four years as Steven Gerrard won the last league title of the Ibrox Side in 2021, Joe Neither Giovanni van Bronckhorst, Beale or Clement were able to challenge the Celtic enough.
Ibrox has undergone conference room changes in recent months, with Stewart joining non-executive chairman from Manchester United and Fraser Thornton.
John Gilligan was appointed interim chairman in September after James Bisgrove left the summer, John Gilligan (John Bennett) resigned, The CEO position has been vacant for about six months after John Gilligan resigned.
Stewart said in an interview with club media last week that the Rangers hope to recruit new sporting directors, and Clement later said he would not comment.
