🚨 FI SOURCES! 🚨 - Rangers set to soon announce club-record revenues. 🇬🇧 - 2021-22 turnover expected to rocket past £80m and smash the 2007-08 record of £64.5m. 💰
That was nearly £12m down on the £59m generated in 2019-20 when they reached the Europa League last-16.Commercial director James Bisgrove told thepodcast in January that he also expects the club to rake in £27.9m from sponsorship and merchandise.
The Europa League has proved very lucrative during the last five seasons and been critical to the club’s balance sheet as well as their ability to attract new players. The return last season of bumper crowds at 50,000-capacity Ibrox means Rangers should comfortably surpass their 2019-20 European earnings of £20.7m from the competition.As noted in their accounts, Rangers are reliant on funding from directors to sustain losses, with player sales combined with Champions League football expected to be needed to make a profit.
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