They need over 8 million just to make it to the end of the season, and already need around 14 million to make it through the following season....and that's as it stands without any further debt that accrues between now and then. Since 2012 they have made a net loss of around 85 million, and don't have a single major trophy to show for it.
Rangers won't be dominating anything in years to come, they are Martyring themselves to stop Celtic getting 10-in-a-row.
Steven Gerrard has spent multiple 10's of millions on players and hasn't won anything in a league packed with players that are genuinely terrible, and it took him 2 years to even look a good side with that money. I can't see how anyone could think he's done a teriffic job by any way you measure it.