Glasgow & West Scotland

Retailer JJB 'still committed' to 10-year Rangers deal

Rangers' Ibrox Stadium
Image caption Rangers was placed in administration on Tuesday

One of Rangers' biggest commercial partners has said it will continue to work with the club in administration.

JJB Sports and the Ibrox club entered a 10-year merchandising contract in 2006.

The firm said it was "saddened" to hear about Rangers' predicament but was "committed to working with the club".

Rangers' players met administrators from Duff and Phelps at the club's Murray Park training ground on Thursday to learn about a timetable for potential job cuts.

The club's former owner David Murray agreed the 10-year licence agreement with JJB Sports, which saw Rangers receive an initial payment of £18m, with a guaranteed minimum annual royalty of £3m.

'Full support'

There has been great uncertainty over the club's commercial deals since it entered administration on Tuesday.

In a statement, JJB Sports said: "We were saddened to hear of the news that the Rangers FC had entered administration. However, the club has our full support and we are in constant dialogue with them during this difficult time.

"We are committed to working with the club, the fans and the administrators to achieve a successful outcome to secure the club's future."

Ali Russell, chief operating officer at Rangers, said: "I would like to thank JJB Sports for demonstrating its support and commitment to Rangers during this difficult time for the club.

"We are working with the administrators to resolve the current situation and appreciate the professionalism in the way our partners are handling current events."

Rangers' shirt sponsors Tennent's made a similar supporting statement on Wednesday.

The Ibrox club entered administration after HMRC pursued legal action at the Court of Session in Edinburgh over alleged unpaid VAT and PAYE totalling about £9m.

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