FairwayDodger
Money List Winner
Not you then. OK.
Even with champions league football the old rangers were not even close to making a profit. And without that level of player the fans will drift away to 80's levels again making the situation worse. The real problem started when Murray came in with someone else's money (namely the banks) it drove Scottish football to silly levels before that they weren't doing too badly in europe. Whether that would have continued is anyone's guess.
While they undoubtedly overspent chasing the dream for years, in more recent times under mcleish and smith the debt was being tackled and reducing. So, yes, I'd say with a more realistic approach and the absence of a debt mountain that they should be able to make a profit.