Noel Whelan has told Football Insider that Castore’s £3m down payment to Glasgow Rangers following the confirmation of their new kit deal is “huge” for the club.
The ‘Gers recently ended their partnership with Hummel, which opened the door to another contract with a new manufacturer, and it is British company Castore who were selected. The deal is said to be worth £25m over several years and whilst it is worth £3m per season as a base fee, the Ibrox outfit could be set to rake in between £5m and £9m each year if certain incentives in the deal are met.
Whelan was speaking about the down-payment and he said:
“That kind of up-front cash for Rangers, it’s huge. When you consider the lost revenue from no matches since March and the season being terminated early, like all clubs they will need as much as they can get their hands on.
“Rangers have been making real progress under Steven Gerrard but Celtic are still some way ahead and they will need to be really smart in the transfer window this summer to narrow the gap.”
Indeed, such a lump sum for the 54-time Scottish champions could be huge. They will have lost all of their match revenue since March, as he pointed out, and given the lack of funds in Scotland compared to the English Premier League, that is a rather big hit to absorb.
Are you happy to link up with Castore?
The £3m payment is a real statement of intent from Castore. Despite their limited reputation so far, they clearly want to show that they are ready to deal with the pressure of kitting out a club like Rangers. It could very well be the beginning of a blossoming partnership.
‘Gers fans, do you agree with Whelan’s views on the Castore kit deal? Let us know what you think by commenting below!
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