Update on the multi-million dollar Ibrox renovation: Rangers revenue loss will be made up for – Chris Jack.

Amid reports of Ibrox renovations, Chris Jack clarifies the Rangers’ financial position.

Chris Jack has disclosed the Rangers’ multi-million dollar intention to renovate Ibrox, thereby expanding its capacity.

Although the club anticipates losing money from the two wheelchair-accessible platforms, they believe that this will be more than made up for by the increased capacity.

Even more ambitious ideas for 70,000 seats inside Ibrox have been unveiled by James Bisgrove.

“A feasibility study to assess a potential safe standing area within the stadium had been undertaken following sign-off on the work to install two platforms for wheelchair access,” Jack wrote in the Rangers Review on December 4.”The renovation is estimated to be a single-digit multi-million-pound investment, and any income decline brought on by the elimination of seats will be more than compensated by the increase in total capacity to about 51,500 when the number of wheelchair-accessible spots reaches 270.

However, supporters have long discussed the possibility of expanding to Ibrox. Last month, Bisgrove said that incredibly ambitious proposals for a stadium with 70,000 seats had been proposed at a fan forum event.

Positive news

Positive financial prospects for the club are brought about by the reconstruction activities at Ibrox, which include upgraded facilities for the disabled, a possible safe standing space, and ambitious ambitions for greater capacity.

Incorporating wheelchair-accessible areas signifies a dedication to updating stadium facilities while also addressing an important component of fan inclusion.

rangers

This improvement is in line with modern expectations, which could draw in more fans and boost matchday income.

Furthermore, the proposed enlargement represents a proactive strategy to maximize stadium revenue since it includes ideas for corner filling, lowering the pitch, and adding rows of seats.

Bringing the total capacity up to about 51,500 seats will not only accommodate more fans but also act as a financial buffer against any short-term revenue loss during the construction process.

It is unclear if the club will be able to live up to the lofty talk of adding thousands of seats and a stadium with a potential 70,000 capacity. The team has stated that its goal is to develop steadily and financially.

GET MORE RELATED CONTENT ON HALFTIMENEWS.CO.UK

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *