JAMES BISGROVE has revealed Rangers have exceeded their commercial targets as he expressed confidence supporters will see the benefits of the Ibrox hierarchy's endeavours on the park next term.
Bisgrove has brought a series of new partners on board in recent months in a bid to boost the bottom line and meet a revenue ambition of around £28million.
Rangers have yet to benefit from the New Edmiston House project but have reaped the rewards of their merchandise deal with Castore over the last two seasons.
Commercial chief Bisgrove was present at a reception in London on Wednesday night as the UK Government held a unique event to mark Rangers' 150th anniversary celebrations.
Several of Rangers' key partners were in attendance at Dover House in Whitehall and Bisgrove is encouraged by the progress that is being made behind the scenes at Ibrox.
“It’s been a positive year for us, it’s been a really good year for us in terms of commercial revenue in terms of commercial growth," Bisgrove told RangersTV.
“I spoke at the AGM back in November 2021 and I set out our target if you like in terms of our revenue figure we wanted to reach which was £27.9million. In the years before Covid we were around £13/£14m.
“So we set a really high bar and we’re delighted we have reached that, we have actually exceeded that.
“That’s thanks to our different commercial operations, all our sponsors, the backing we get from hospitality clients, the support we get from supporters buying retail products and going on stadium tours.
“That gives us a real platform to move forward and grow for next season.
“We are looking ahead to next season with Edmiston House and the club museum which will be ready for the end of the year. We’re enhancing a lot of facilities at Ibrox too.
“For that commercial pillar to be forming, to be growing, it sits alongside the other pillars, the matchday revenue, season tickets sold out again in record time.
“The backing this club gets is second to none. It’s unparalleled.
“There’s the European revenue as well, the run to Seville was obviously remarkable on the pitch but what that has allowed us to achieve off the pitch was equally important.
“Then there’s the player trading and the work Ross Wilson is doing.
“All of those pillars are working in unison and it gives us a great base in terms of the revenue for the club which will be at a level which it’s possibly never been at before.
“Profitability, financial health, it gives us a real stable footing for next season.
“That’s the work off the pitch and hopefully it will be to the benefit of the team that comes out on a Saturday.”
