Kieran Maguire makes bold Rangers prediction after director's 'dramatic' reveal
Rangers may have to wait until at least the 2022-23 season before their commercial income fully recovers from the impact of the pandemic.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively about James Bisgrove’s recent remarks.
Speaking to the Four Lads Had a Dream podcast on 14th June, the Rangers director said that commercial income has “dramatically increased” in the last 18 months.
He cited a range of partnerships and the kit/retail deal with Castore in explaining the soaring profits.
He did, however, temper expectations for Rangers next set of accounts by admitting that “Covid has impacted the scale of the growth.”
Maguire claims that a dent in the speed of Rangers’ commercial growth could be offset by Champions League qualification.
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He told Football Insider correspondent Adam Williams: “In terms of commercial income, they made £10.3million in 2019.
“In 2020, they made £9.8m but took a small Covid hit of five per cent. We will be having to look to 2022-23 for that to move on.
“But again, they will have deals with some of their main sponsors which will be linked towards Champions League group stage participation. Bonuses will kick in with that.
“Steven Gerrard is a plus point for Rangers too because he is a brand in his own right.”
Rangers will enter the Champions League at the penultimate qualification round next season.
The first leg of their first tie will take place on either the 3rd or 4th of August.