Rangers partners Castore announces financial boost
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Rangers partners Castore announces financial boost

Rangers partners Castore-who are backed by Sir Andy Murray-have received a major financial boost as they have signed a financing facility with NatWest, which means it can borrow money up to a particular amount when and if the company requires it.

The Ibrox side has been with the British company since 2020, with the quality of the matchday tops and training apparel going down extremely well with the fans, in particular the special 150th anniversary Gallant Pioneers shirt.

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Castore is also backed by three-time Grand Slam champion Sir Andy Murray with Premier League side Wolves and the West Indies cricket team also being supplied by the sportswear company as its rise to the top has been fantastic.

Rangers partners Castore announces major financial boost as company aim to be number 1 in the world

The company was formed by brothers Tom and Phil Beahon in 2016 and they have enjoyed a meteoric rise since.

“Securing this debt facility with NatWest is a significant step in Castore’s exciting growth plans,” said co-founder Tom Beahon [BusinessLive].

“Castore’s business model combines the most attractive aspects of Team Sports and D2C apparel to produce an optimal blend of high growth and low risk.

“This facility will help further accelerate Castore on its mission of becoming the #1 premium sportswear brand in the world by 2025.”

A big statement from the brothers but one that shouldn’t be taken lightly, especially after the strides they have made in the business.

With new teams being announced on a regular basis, such as Bayer Leverkusen last month, there appears to be no stopping Castore.

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Having backers such as Murray certainly helps, and hopefully, Rangers can remain with the sportswear company for the foreseeable future as a positive relationship begins to develop.

Meanwhile, former Rangers manager Steven Gerrard has turned Aston Villas fortunes around recently.