Major Rangers reveal gives Gio cash this summer

Major Rangers reveal gives Gio cash this summer
Rangers' Dutch manager Giovanni van Bronckhorst attends a team training session at the Rangers Training Centre in Glasgow on May 12, 2022, ahead of their Europa League final football match against Eintracht Frankfurt on May 18th. (Photo by ANDY BUCHANAN / AFP) (Photo by ANDY BUCHANAN/AFP via Getty Images)

James Bisgrove’s admission that revenue has spiked in the past year is of absolutely no surprise given the numbers Ibrox Noise has been revealing the past few months.

Rangers’ boss of commerce stated the target had been around £28M, and the club has effectively smashed that, but this is pretty obvious given the spike in numbers we’ve seen the past 8 months.

We’ve had a bonus £50M or there abouts on top of the usual £50M-£60M we normally get in a year, and the overheads are generally around £80M give or take.

This means the deficit, which was previously £24M, has gone completely, and while we won’t know the exact figures till the accounts are released, it’s safe to say Rangers are ready to post a profit for the first time in God knows how long.

Bisgrove is being deliberately coy with the numbers, because revenue has been well beyond £28M and he doesn’t want to brag, which he’s absolutely correct in doing.

It means Rangers have money to play with this summer, with Gio likely to be given a decent chunk of cash for new players.

That run in Europe as well as the sales of Nathan Patterson and Steven Gerrard have given our long-suffering coffers a giant shot in the arm, and if we secure UCL group this summer, Rangers’ financial problems are 100% over.

Arguably, they already are.

Definitely a positive.

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  1. This is great news and Bisgrove should be applauded. It was obvious he was bringing in lots of deals but rarely were numbers ever given so it’s good to finally see the extent of what he was doing.

  2. He may have had one or two howlers (the old firm down under and Sportemon Go) but on the whole he has helped increase the profile and income of the club on the commercial side massively since he came in. No doubt with our recent European exploits his job will become even easier to attract big business wanting to attach their brand to the famous.

    • I don’t blame him for the Old Firm thing. It’s his job to bring lucrative deals into the club and the Australia thing would’ve been a good earner. It’s up to board to decide which deals are appropriate.

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