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Rangers have a new CEO and chairman in place New Rangers chief executive Patrick Stewart says the club are not where they "want to be" but are building from "strong foundations". Stewart, who held various roles at Manchester United as part of his quarter century in football, started on Monday. Philippe Clement's team, who have won their past three league games, are third in the Premiership - two points behind Aberdeen, who have played a game more. Celtic are nine points clear of the Dons. Rangers are eighth in the Europa League with two league-phase games to play. The club announced a £17. 2m loss for the year to June, despite revenue of £88. 3m. "There's been a lot for us to be cautiously optimistic about in recent weeks, " Stewart said. "There's been no secret that on the park, we're not where we want to be in terms of trophies. "Off the park, the AGM results were there for everyone to see. Sometimes the wider perception for Rangers hasn't been where we want it to be so there are challenges there. "But equally, we've got some really strong foundations to build from. " Thornton to begin Rangers chairman role on Monday Visit our Rangers page for all the latest news, analysis and fan views Get Rangers news notifications in the BBC Sport app Stewart said the men's team had been "turning around the season" and shown "real progress" after being nine points behind Aberdeen at one stage. "The signings that we made in the summer are starting to really bed in and play with a degree of confidence, " Stewart added on the club's media outlets. "In fairness to Philippe, he said it would always take time. " Jo Potter's women's side are second in the SWPL, two points off Glasgow City and Stewart praised their consistency and said they were "right up there challenging for the league title". Fraser Thornton also started on Monday and Stewart said the non-executive chairman would be "one step removed" from his own role. "Day to day, I'm going to be in the club, running the club, looking after the operational matters, " Stewart said. Clement spoke about an incident during Sunday's League Cup final, which Rangers lost to Celtic on penalties after a 3-3 draw, when Vaclav Cerny was fouled near the edge of the box by Celtic's Liam Scales. A free-kick was awarded but Clement hinted Rangers could have been awarded a penalty instead. And Stewart said: "I have spoken with the SFA to ask for an explanation of the non-awarding of a penalty in extra time. I'll wait to here what the SFA have to say about that. " Women's Champions League: Chelsea equalise through penalty v Real Madrid PDC World Darts Championship - Sherrock and Wright feature on night three Chelsea's Mudryk 'in shock' at failed drugs test Agatha Christie's iconic detective reimagined A murder, a theft and a mystery where nothing is quite what it seems Your first look at The Split: Barcelona Can Hannah open herself up to the possibility of love again? Watch from 29 December on BBC i Player Elis and John's joyful Christmas special Elis and James are back for their traditional Christmas special, with festive treats and some very special guests How Wham! turned one song into a cultural phenomenon. Video How Wham! turned one song into a cultural phenomenon In celebration of its 40th anniversary, discover the story of how 'Last Christmas' was born BBC to show Brechin v Hearts & Rangers v Fraserburgh Commonwealth Games: Why is it so special to be part of Team Scotland? Who are the Commonwealth Games winners and losers? From titles to tinpottery - rank Scotland's top 10 clubs Subscribe & follow updates on your Premiership team How misfit Cavendish changed the face of cycling Bumrah & Deep deliver potentially match-saving partnership. Video Bumrah & Deep deliver potentially match-saving partnership PGA Tour v LIV - why 'The Showdown' is significant How to become a football agent Who are England and Wales' Euro 2025 opponents? Does sacking a manager help you avoid relegation? Everything you need to know about Euro 2025 'Switch flicked' but Rangers still left with regrets Tears, tantrums & testing times - how boxers deal with a first defeat Diallo's derby - how Amad made the difference for Man Utd Usyk v Fury 2 - all you need to know 'The award goes to. .. ' - England Test team's year in gongs Voyce - a wing who took flight with Wasps 'As South Africans we have to be better' - Champions Cup review The best pictures from the 2024 F1 season Six countries, two hemispheres - how will 2030 World Cup work? Why Raducanu is giving herself a 'pat on the back' for 2024 Hamilton to Ferrari and what else to look out for in 2025 © 2024 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.