Breaking: Rangers Cleared from UEFA Watchlist! Finance Chief Drops Bombshell on FFP Changes
The Ibrox club were on the governing body’s watchlist in 2022 but Govan finance man insists it’s all good now.
Rangers finance chief James Taylor has explained where the club stand with UEFA and Financial Fair Play by explaining the monitoring process in THREE key pillars.
Back in 2022, the European governing body placed the Ibrox outfit on the financial watchlist. Taylor says that decision was specifically around an ‘accounting adjustment’ that was perfectly within the rules. Those rules have subsequently progressed, with Taylor moving to explain the situation the club are currently in with UEFA as part of a lengthy sit down Q&A with Four Lads Had a Dream. We previously told how the finance chief has mapped out the Ibrox club’s plan to wipe out the £10.5million pre-player trading loss that chairman John Bennett told shareholders “had to go away” and to “keep an eye on” at the AGM.
Speaking in depth and explaining the three cornerstones to give supporters a clearer picture of the current situation, he told Four Lads: “As a football club, you are right, we were on a financial watchlist with regards to UEFA from the CFCB in relation to last year or a couple of years ago and it was specifically around a particular accounting adjustment. It was perfectly within the rules but it was something that was bringing revenue back from a Covid position that automatically, effectively, makes you go onto a watchlist.