I think you're missing something here. "Rangers" have not lost any money. "Rangers" don't have any money. The money is, and I believe always has been held by "the company". "The company" which originally was associated with "Rangers" had some well documented financial difficulties which resulted in its liquidation, resulting in the formation of a new "company". It is this entity, responsible for employing players and staff, maintaining the stadium, managing PR, collecting gate receipts, running corporate hospitality, sponsorship and merchandise, which appears to have made significant losses.
"Rangers", as far as I understand, is not an entity in itself. "Rangers" is more of a spirit (or often referred to as an "institution"), which is able to associate itself with these companies. It identifies itself through its colours and the songs of its followers, and through continuity of traits such as arrogance and aggression towards others, and values such as religious hatred and bigotry. It also, apparently, is responsible for winning trophies and holding footballing honours, despite having never employed a football player in its entire existence.