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Glasgow Live
Glasgow Live
Sport
Alan Galindo

Rangers will continue to 'profit' from cinch deal after fresh SPFL sponsorship agreement

Rangers will continue to profit from the SPFL's new sponsorship deal with cinch, according to a report.

League chiefs have agreed a revised agreement, effective immediately, which protects cinch’s investment into Scottish football.

Under the new terms Rangers will not be required to display the car dealer's branding.

Ibrox chiefs have spent the last year battling with SPFL chiefs over the package.

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And now the Daily Record reports that despite their exclusion from the fresh agreement, it won't change their share of the sponsorship or prize money.

A Rangers spokesperson said: “This is a full vindication of our stance throughout the past season and further highlights wide ranging concerns regarding the corporate governance of the SPFL.”

Neil Doncaster, chief executive of the SPFL, said: “Under the terms of the revised cinch contract, Rangers are no longer required to participate by providing the sponsorship inventory that they have so far not provided, whilst, crucially, the overall income to Scottish football is expected to remain materially unchanged over the original five-year term of the sponsorship.

READ MORE: Rangers given blunt transfer verdict as Light Blues told to avoid goalkeeper who 'can't catch a cold'

“This revised package has now been approved by cinch Premiership clubs.

“It’s extremely good news that we have been able to work with our partners at cinch to develop an updated sponsorship package which delivers the same level of financial support to Scottish football, whilst providing additional SPFL media assets to cinch to compensate for loss of Rangers related rights.

"It is testament to the strength of our relationship with cinch, and the high value they place on it, that they have agreed to move forward with us on this basis.

“This deal gives us further confidence that we will exceed our budget and deliver fees to clubs of more than £27.5 million for Season 2021/22.”

A spokesperson for cinch added: “We welcome the evolution of our agreement with the SPFL and are proud of our continued investment into Scottish football across all four cinch SPFL leagues.

"We are very much looking forward to next season and to continuing the stellar growth of our business in Scotland.”

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