A bird sits on a fence outside Rangers Ibrox stadium in Glasgow, Scotland April 24, 2012. REUTERS/David Moir
LONDON (Reuters) - Former Scottish soccer champions Rangers remained in the red in the first part of the current season, underlining the problems facing the famous Glasgow club as it tries to rebuild after a financial collapse.
Rangers cut losses to 3.5 million pounds ($5.80 million) in the six months to December 31, 2013, figures released on Thursday showed, but chief executive Graham Wallace said more had to be done to reduce costs.
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