Rangers AGM finances spotlight revealed by Chris Jack
Chris Jack has issued an update on the spotlight ahead of the Rangers Annual General Meeting amid the recent accounts revelation.
Gate receipts and hospitality income amounted to £39.9million and John Bennett will be in his first AGM as chairman of the club.
He has the chance to lay down the marker and explain his plans for the future.
Jack wrote in the Rangers Review on 4 December, “Finances will come under the spotlight.
“Gate receipts and hospitality income contributed £39.9million as £18.2million was brought in via season ticket sales.
“Broadcasting revenues that were impacted during the pandemic period returned to normal levels, while commercial partnerships and sponsorship income accounted for £6.3million of the total and £11.1million came in from retail and other commercial activities.
“In his first AGM as chairman, Bennett has the chance to provide a blueprint to the audience and lay out how Rangers will make progress in each of those respective areas to ensure the transition to self-sustainability at long last.”
Important
Fans will be seeking clarity on several key aspects to understand the club’s financial health and future plans.
Enquiries should focus on the strategies in place to mitigate the impact of missing out on European football revenue, considering the £3.1million drop in income due to not progressing beyond the group stages.
Fans may also want insights into how the club plans to secure consistent participation in European competitions in the future.
Additionally, fans should look for details on how the club intends to bolster revenue streams beyond gate receipts and season ticket sales.
The chairman’s blueprint should address plans for enhancing commercial partnerships, securing sponsorships, and maximising income from retail and other commercial activities.
Understanding Bennett’s vision for strengthening the four pillars mentioned in previous seasons is crucial.
Supporters must also look for specifics on how the club aims to build on successive years of operating profitability and achieve self-sustainability.
In other Rangers news, the club are bound to face long-term sustainability issues amid a recent £11million development.