Kieran Maguire shares verdict on 'critical' Rangers development amid seven-figure Bisgrove reveal
Rangers are smart to capitalise on their loyal fanbase at a “critical” moment in their history with their new Edmiston House museum.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively about comments made by Rangers commercial director James Bisgrove on 14th June.
Bisgrove told the Four Lads Had a Dream podcast that he expects the club to rake in “seven-figure” annual profits from the Edmiston House development.
The museum is set to open its doors to the public on the club’s landmark 150th anniversary in 2022.
Maguire claims that the plan shows that Rangers are moving away from their “recovery phase” and starting to develop evolved income streams.
He told Football Insider correspondent Adam Williams: “You might ask why they didn’t do it sooner, but Rangers’ priority was to invest on the pitch.
Subscribe to Football Insider TV now
“John Bennett [Rangers vice-chairman] described it as a ‘recovery phase’ whereby they wanted to get things right in terms of being a successful football club then start to develop the other potential income streams.
“I think Edmiston House ties in really well with the 150th anniversary of the football club and the history of the club.
“That was critical. If they had delayed it two more years, it may have been a lost opportunity but they’re now on the right track.
“It’s an asset and a case of utilising the support of the Rangers fanbase for more than just matchdays.“