By Kieran Maguire

15th Aug, 2021 | 7:00pm

Kieran Maguire: Rangers have sealed record-breaking windfall amid 'remarkable' statement

Rangers have already netted millions from shirt sales this season.

So says finance guru Kieran Maguire, speaking exclusively to Football Insider about the Scottish champions’ partnership with Castore.

As per an official statement posted 6 August, Rangers have sold over 250,000 replica shirts since May.

That figure, which commercial director James Bisgrove called “remarkable”, surpasses the previous sales record.

Rangers also claim to have sold hundreds of thousands of items of training wear and other branded merchandise.

Maguire explains that the fee Rangers will recoup from shirt sales will vary depending on the nature of the deal they struck with Castore in 2020.

Subscribe to Football Insider TV now

He told Football Insider correspondent Adam Williams: “It’s normally seven or eight per cent, but a lot depends on the negotiations.

“What normally will happen is you will agree a fee at the start of the contract plus about seven per cent of each unit sold.

“Or you can take a lowe fee with a higher commission. I imagine Castore have paid them a very good fee because it is Rangers and they do sell a lot of units.

“So we are talking seven figures and beyond here for both the upfront fee and the commission.

“A combination of it being 150 years, winning ’55 and stopping Celtic’s 10, will make these shirts very popular indeed.

Rangers have released a special commemorative shirt to celebrate their 150th anniversary.

The club will also open an on-site museum at Edmiston House to mark the occasion.

In other news, pundit shares verdict on Glen Kamara release clause amid Athletic update.