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.
1,070 Comments- Pages:
- «
- 1
- ...
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- ...
- 29
- »
craigellachie10
Me too, waiting on Annie for a 4 horse acca, thankfully permed any 3 from 4 to soften the blow, would have been a nice lift, got a wee slice of Oscar E/W as well. That’s my horsey betting over till next year.
16roads
Big fat bookie leathered me today at Cheltenham.
Change of strategy for tomorrow. ;)
W.I.T.S and Craigellachie 10.
Another two here wanting to join the don’t mention Annie gang.
Did have a treble on the first three but Power Failure done us for four figure sum. Should be happy at a profit on the day but the way it panned out was agony.
“North Men,
Queen o’ The South Men,
comrades all……..”
nite, nite teddies!
In terms of tradesmen needed, ra berrz should have all the contacts they need. They’ve been outclassed by a variety of tradesmen in the lower leagues for the last 2 and a half years. The butcher, the baker and the candlestick maker.
PFayr supports WeeOscar, naw. I was listening to the ICT game on the wireless and they were interrupting the program periodically with comedy from the Victorian toilet.
So thats a whole 7,000 that flooded back tonight.Think there will be a bit less against Livi.
Damn these pesky part-timers.
Hope Chris Graham enjoyed his night ….Hun troll
Still think Ruby should have steadied her going to the last. The horse was flying, going far too fast.
Probably the adrenaline he wasn’t thinking right.
Ah well such is life.
Tomorrow is another day.
HH.
Scottishleaf
“Ten men dead” defo the top of the heap. Beresfords writing brilliant.
Closely followed by Nor meekly serve.
16 rds
Annie Power boooo booooo.
What’s all the fecking booing about ? Eh ? Eh ?
They scored didn’t they ?
Ungrateful barstewards !
So much for sevco ‘racing through the leagues with ease’. (Keevins et al 2012)
16 roads
Ouch
I had Druids Nephew …
Let down by Polly in the Annie Power race …Mullins other one dud me on the line …would have been a great day otherwise
Still not to bad
ACGR
The previous sixteen found a wonderful home. I am sure there is enough room there for their wee cousins as well. 16 sausages could become a rival to 16 roads as a blog name 0:-)
Good night all,
JJ
Jungle Jim
Your right mate copied this from Hun media unparalleled booing
F*@#n’
boooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo!
PfAyr
Got Polly and Oscar ew. The other 5 naewhere.
King said to go forward they had to go back.
Probably going back to the old practice of underde declaring attendance numbers to avoid paying the full amount of tax.
Back to the future.
Previous form.
DD
Try a wee thin bookie-;)))
WITS-Any fancies for tomorrow?
gearoid1998
Yup Ten Men Dead is superb as well, I just prefer the first hand accounts but both books are a must read.
Chambers is one of the assistants to Collum in the Bayern v Shahktar game tomorrow night,incredible.
DD – As someone posted earlier – they are definitely in league with the devil.
G1998 – A real sickener that race was mate.
Finished up a few quid in front, should have been a lot more though.
Cursed bookies.
HH.
dessybhoy
Just goes to show how far the Dallas tentacles stretch when those 2 can get a CL match, sickening
Huns dropping points is always nice. Hibees on a long unbeaten run too.
What is also good is that my Hame town club, Elgin City beat Clyde 2-0 to leapfrog them in the league. Does wee meerkat face Ferguson still manage them?
Shalke nearly knocked out RM but you can’t have everything.
ACGR. You must have missed my question or you are too busy preparing for Mrs ACGRs celebratory treats?
You staying in town next Wednesday?
HH
Marty
Haha. Slow start at Cheltenham has been positive in the past. Time to win off any size bookie tomorrow. :)
The guy on RS is saying that sevco are pish, very lucky to be where they are but pish just the same.
Chick still sound like he’s in tears.
Dick Wilson nearly in tears on Shortbread, disnae think his heroes will make the play offs
#mademynight
Scottishleaf
Agreed on the “must read” list.
Keep the faith.
See the Dave King era has got off to a strong start…..
Oh my aching sides, Sevco, Newco, the huns, the manky men, the zombies, “the gift that keeps on giving” :)
DD
Good luck mate take them for plenty
Wurld record shortest honeymoon.
Reformation Bear, on 10 Mar 2015 – 9:51 PM, said:
Well Mr King and the new Board. Don’t claim you didn’t know. You can see the results and performances for yourselves. Again.
The here and now Mr King and the new Board is that you have a team of failed footballers and a failed manager and as a result will fail to get promotion this season.
More than that – possibly much more than that – is your own stance on this. Busy dishing out jobs to the favoured boys. Busy looking at the books. Busy with press releases, Busy with saying need to find the right manager. All eyes on the past and on tomorrow and none on the here and now of this league season and on what matters to Supporters – a Rangers team on the pitch that is recognisably Rangers Shame on you already – you’ve had plenty of time to line up an interim manager and you’ve not done so. As a result another game slips by and the prospect of not even reaching the play offs becomes more real after every game.
Were you only INTERESTED IN backsides on seats at Ibrox tonight? Was that it? Money through the turnstiles and who gives a crap about what the Support has to endure? Oh I’m sure we’ll hear the excuses from sage McD. And the ‘don’t worry it’ll be all right’ noises from PM or Park or King himself. ‘The future’ will be the message. ‘Hope’ is the message. Well fuck that – is that all you can deliver having had so much time to prepare for power? Seems like it.
Well there may be a very different type of boycott next season and maybe even the season after if we are still in the Championship – which is highly likely as turning this shit around is no mean task even if you paid the best manager in the world to do it. And that boycott would trace its roots to your having had the chance to make an immediate positive intervention by INSTALLING a capable manager and you (Mr King) have failed to do it. Too many eyes on the past Boardroom battles and too many eyes on the future airy as yet unspecified plans and not enough eyes on the reality of here and now. Call that good quality leadership? I don’t.
Pfayr – Druids win like a goodun mate. Great shot.
JJ – 6 sausages sounds even better.
HH.
Chi k Hun is a gibbering wreck, has he ever made a coherent statement?
16 Roads, hail bruv. Hope all is good in Ballymurphy.
The burd that reads the BBC Scottish news at half ten will have her face tripping her tonight.
She should look on the bright side. . . . . . . she never went although I’m sure they will have counted her season book !
What is the situation with the play offs in the Championship? How does it work?
Missed the ‘c’ out of that post there……..:)
I think Collum is the perfect referee for linesman Chambers.
No need for linesman to run on to pitch because Collum has eyes in the back of his head.
But only for certain teams in certain circumstances !