I see comment in today’s Telegraph about a shortage of staff to facilitate a club which occasionally hosts circa 50,000 fans at Ibrox. Let me put some meat on the financial bones of that particular project.
During 2010-11, the last season Paul Murray and Dave King were directors at Ibrox, Rangers spent £27.7m on wages with the bulk of that, some £21.5m, going on players and football management, while £6.2m went on non-football related wages.
That same season 37,599 season ticket sales were bought, all at ‘full price’, of course, which brought in £12.9m (this is net of vat, remember). That was a bumper European season for Rangers. They qualified for the Champions League, where they faced Manchester United, Bursaspor and Valencia. They then dropped to the Europa League, where they beat Sporting Lisbon before going out to PSV Eindhoven. Total ticket sales, including all cup, European, away support and individual match sales, came to £19.9m.
Newco’s revenue from all ticket sales and hospitality sales last season was £12.4m. They also paid £1.629 in equipment hire and plant depreciation, this figure is not coming down, while costs for police, insurance, rates, water, electricity, gas, IT, office consumables, cleaning and the odd onerous contract was £16.4m
So consider: the last non-football wages at oldco was £6.2m and total ticket and hospitality sales last season at newco was £12.4m, while a recent peak for season ticket sales at oldco was £12.9m.
The only way modern football is a viable business at a stadium which regularly holds circa 50,000 people is with the support of healthy retail and merchandise deals, and with regular group stage European football.
Newco don’t have access to Europe, as they are a newco, and they don’t have healthy retail and merchandise deals.
If they eventually qualify for Europe they will need to eliminate seeded teams at every round to progress to group stage football. They are not in as healthy a position as they were when Charles Green took over. Green and his cronies had their business plan spiked, before those onerous contracts kicked in, by way of compensation, ironically, leaving the new regime with the prize they planned for, but it’s a battered looking trophy.
Now they have as much money as tub thumping can generate and Sugar Daddies are prepared to pony up. No one has yet explained how this club is a viable entity.
For the record, we don’t share a business plan. Not in a million years.
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Another one from the bigot:
” This is how much the Celtic support hate Britain. … They hate living in britain that much? F**k off ….
Ciftci 2 match ban
Ronny should show the incidents involving Boeriggter and Connolly,at his next Press Conference,and ask what the difference is.
Hmmm. 2 games offered to Cifci but nothing about the diver.
Bada,
Agreed.
HH
As Ciftci is out the LC final his ban will be replay and league game?
if the dont
“Not proven” him AGAIN.
http://www.twitlonger.com/show/n_1sj1r7m
http://www.twitlonger.com/show/n_1sl59f5
2 wee insights into how kwissi is confwused.
meeja eh
HH
An Tearmann
Just gave me the biggest laugh of my holiday so far…those two pieces are priceless..another beer for me on the Costa
Kikinthenakas
Alcan Man tweet from 14/02/2012:
“Liquidation and admin are different. HMRC liquidate then the club die. Stadium, players, everything goes. Admin they don’t.”
I thought they had until tomorrow to issue a notice of complaint against Connolly
Mrs J says I couldnae put a nail in a dumplin so thats blue ma chances!!
I posted during the night shift that Aidan Connolly has privately admitted that he dived and there was no contact. Jackie’s bluster about it being a penalty and contact has worked alongside the likes of Guiddi and BFDJ being adamant it was no dive.
This is another example of Celtic being treated differently. This incident was far worse than Derk’s at ST Johnstone as Derk was clearly fouled and took a tumble when he realized because of the foul he wasn’t getting the ball.
With Butcher not being cited, then surely VVD must win his appeal.
yorkbhoy
15:35 on
10 March, 2015
Monaghan
I have enjoyed your posts from the darkside but I’m afraid the posts at 14:42 have made me realise you are making them all up…
——
You’ve got me bang to rights Yorkbhoy!
IMHO
Tinfoil heid will be lucky to last in the job he is despised by his own mob.
“I thought they had until tomorrow to issue a notice of complaint against Connolly”
Gary67,
Every chance mate.
I just went off on one :)
sid
15:57 on 10 March, 2015
I posted during the night shift that Aidan Connolly has privately admitted that he dived and there was no contact. Jackie’s bluster about it being a penalty and contact has worked alongside the likes of Guiddi and BFDJ being adamant it was no dive.
This is another example of Celtic being treated differently. This incident was far worse than Derk’s at ST Johnstone as Derk was clearly fouled and took a tumble when he realized because of the foul he wasn’t getting the ball.
With Butcher not being cited, then surely VVD must win his appeal.
……………………………………………………….
Nope!
From thems courtesy of monaghan
I read this and it initially sounded like some sage old chestnut of wisdom. Sort of thing your Granny would say after saving Child Benefit forever to pay your Daddy through uni.
But re-read it and it’s actually proper nonsensical bonkers…..unless of course you’re seeking an adage that says, ‘spend, spend,spend hunny…. cos you’re worth it!’
—
Collectively we do need to remember the old adage that you can spend your way to bankruptcy but you cannot save your way to prosperity.”
——
TeeHeeCSC
HH jamesgang
If anyone hears of one spare ticket going for Sunday it would be greatly appreciated.
Even from a Unionist Tim :-)
MWD said AYE
Those bastard bookies are in league with the devil.
I give up.
HH.
Feck it! four timer and three trebles crash out at the last. Ah well still nicely up on the day but could have been epic.
Last race- bookies orders?
Kikinthenakas
I seen those two on TSFM,they are the proverbial pacman in a corner :-)
just do not do insight.
Thank god for the internet
laughter for the rest of time :-)
hope your enjoyin your beer and all is good out there.
HH
Dharma bsm,
Was at those gigs as well. Great stuff.
Still searching for a pub in Madeira for the game on Sunday. All the usual sports / Irish bars showing rugby. Think BBC Scotland is a problem too.
unfortunately Rubys day will be remembered for that mistake,
savedthebookiesmillionsCSC
Who’s the MIB thats got the building contract at ibroke??
Need some help please. Fell asleep on 10th March and woke up on April 1st. Did we win the cup?
leftclicktic
They hate him.
If he ever gets a slap it’ll be the first case of a fan hitting the s***
bsr
No worries mate, it was taken as a bit of fun :)
Thought it might be a very good time to have them available again with other injuries and suspensions hitting the squad.
jude2005 is neil lennon \o/
16:19 on 10 March, 2015
I am sure Craig Thompson’s company lost money when that mob liquidated , I might be wrong but seems to ring a bell
Have I got this right?.The linesman call the ref over and tells him the 2 players should red carded.He red cards one correctly,and one wrongly.The one wrongly sent off will,obviously get off,but the one guilty of the original offence also gets off.I am asking this in disbelief.Please tell me I am wrong.
Had to laugh there,
a step into the toxicity of the cheats blog
first post after reading the voidless dulusional view on reality
‘mind dont booo if we get beat’
see,Telt youz booing is hunlike.
:-)
Be gentle on Wee Kwiss Gwaeme – with a tinfoil heid and a brass neck, he’s awaiting Weldinho turning up to sort him out…he’ll be grand once a couple of crucifixes have been applied.
Michael Ashley pumped millions of pounds into Sevco to keep them from going under. Now he sees his two trusted (and respected) men kicked off the board and replaced by Paul (I have one share and no money in Sevco) Murray and Chris (Dignity/Hate/Bigot) Graham.
I wonder how he feels?
Surely VVD must also be let off.When he sees the charge,of violent conduct,all he has to say is”Against who”.With the charge being wrong,and a total fek up,its not possible to charge him,is it?.
I’m guessing that the SFA did SFA about the DU diver and thug, VVDS will lose his appeal and the DU player will win his meaning that, as usual, we are the only ones to lose out.
https://scotslawthoughts.wordpress.com/2013/09/16/rangers-given-no-title-stripping-guarantee-in-secret-spl-deal-by-ecojon/.
HH
the red telephone-a Sky system has BBC Regional channels,Shortbread around 977
…..be careful surfing the 900 numbers though…0 0