By Kieran Maguire

13th Nov, 2022 | 1:01pm

Kieran Maguire lauds Rangers fans after £42m reveal - 'that's higher than senior European clubs'

Kieran Maguire has heaped praise on the Rangers fanbase after the club announced their financial report for the 2021-22 season.

Speaking exclusively to Football Insider, the football finance expert claimed the Ibrox faithful’s contribution to their club represented more proportionally than most, if not all senior clubs in Europe.

On Wednesday (9 November), Rangers posted their annual report and accounts for last season.

The Gers boasted a record turnover of £86.8million and an operating profit of £5.9million.

Overall revenue rose by 82 per cent on the previous year, largely down to the return of fans to Ibrox, and match day income was a record £42million.

When asked by Football Insider for his reaction and analysis of the accounts posted by the Glasgow club, Maguire said: The standout is the record revenues.

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There was a significant contribution from their run to the Europa League final.

Out of every £100 of overall revenue Rangers generated, £48 of that came from matchday income. That is higher than pretty much every other senior club in European football. That is testament to the willingness of fans to fill Ibrox.

The other positive is that commercial revenue is growing. The £4.2million of compensation Rangers extracted in terms of compensation for Steven Gerrard does look like a standout deal.” 

Rangers drew 1-1 with St Mirren on Saturday (12 November).

As a result, Giovanni van Bronckhorst’s side are nine points behind league leaders Celtic.

In other news, a source has revealed Rangers have set their sights on signing a Huddersfield Town star.