Rangers have announced operating losses of £14.4 million in their annual accounts.

Rangers International Football Club plc announced revenue of £19.1m and staff costs of £17.9m, while the accounts, for a 13-month period, also show that former chief executive Charles Green was paid a total of £933,000.

The club, which raised £22m through a share issue in December, revealed they had £11.2m cash in the bank on June 30, £4.5m of which came from season-ticket sales.