Maguire moots Ibrox expansion as Rangers plan to rocket past Celtic

Rangers may need to expand Ibrox if they want to close the financial gap on Celtic and then overtake them.

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively ahead of the Glasgow derby on Sunday.

After a decade of playing catch-up, Rangers have officially bridged the footballing gap on their rivals after mathematically securing the Scottish Premiership.

But there is still a gap in terms of the two club’s finances, with Celtic turning a small profit of £100,000 for the last financial year while Rangers posted a £15.9million loss.

And though there was an 11 per cent swing in Rangers favour on the previous year’s results, the club’s revenue was £59m compared to Celtic’s £70m – and £11m gap.

Rangers are planning to close that and the board are assessing various options behind the scenes.

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Maguire highlighted that Celtic Park boasts a 60,000-capacity while Ibrox is smaller at 50,000, claiming that an expansion would be one way to catch up with Celtic.

“Celtic have the benefit of a stadium that’s a bit bigger and all the things that come along with that,” he told Football Insider correspondent Adam Williams.

“Rangers have a very committed fanbase and will turn up regardless of the opposition.

“You’ve got to look at your three income streams: matchday, broadcast and commercial.

“You can increase ticket prices, which I don’t think there’s a lot of desire for.

“So there’s the expensive option of expanding Ibrox or increasing the number of corporate tickets, hospitality boxes and that kind of thing. That would be one option to consider.

“But European qualification is everything. That is the most important aspect for both clubs.”

Ibrox has been Rangers’ home since 1899.

On the other side of the Clyde, Celtic Park has been Celtic’s chief venue since 1888 and is the eighth-largest stadium in the UK.

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