Kieran Maguire reveals how big Castore development will impact Rangers after confirmed news
Rangers will continue to be Castore’s “flagship” despite the brand’s continued expansion into other football markets.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Wolves became the latest team to sign with the sportswear company.
Newcastle United are also widely reported to be on the verge of striking a deal with the Liverpool-based kit manufacturer.
Rangers signed with Castore in the summer in a deal reported to be worth around £25million over five years.
And Maguire claims that Rangers’ European status and widespread fanbase means they will remain top of Castore’s priorities.
“I think they will continue to be the flagship,” he told Football Insider correspondent Adam Williams.
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“They are playing in Europe, potentially in the Champions League. They have also got a fanbase that goes beyond the city limits to a much greater extent.
“You’ve only got to look at the volume of sales that Rangers have had historically.
“Retail for Rangers used to be around about £4m-a-year and that was an era when there was an element of boycott from the fanbase because of the association with Mike Ashley.
“They are making broadly the same from shirt sales as the likes of Dundee United and Ross County are making from everything. That sort of contextualises it.”
Rangers posted a £15.9m loss in their last set of financial results.
Of that figure, the club earned £3.9m from commercial and retail activities, though that figure was impacted by the pandemic.