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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the floating pitch is dependent on how well the turf is laid and how heavy it rains subsequently…
JSA Benefit Adviser: So Mr Bluenose, are you fit and available for work?
Mr Bluenose: Aye, but I’m due down at the Big House for some repairs.
JSA Benefit Adviser: So, you’re not available to seek work?
Mr Bluenose, Well, the club need my help and I’ll work at the clumpany, so won’t have the time to spend seeking gainful employment.
JSA Benefit Adviser: You’re no longer entitled to Job Seekers Allowance (the clue is in the name). Sanctioned!!
Árd Macha
first time on page one. must take more time off work.
anyway to the point, i found a beer mat with a load of figures on it, do you think i should return the business plan to mr king or should i send it to the tax office so that they can collect the £2.20 that would be due to be paid on the income expected
Er the call for tradesmen was some plucky poster on Sevco Media. It wasn’t official. It was his grand plan to help the club. A few kindly souls contributing a couple of hours here and there to give the old dear a lick of paint and a new roof.
Cant see the poor wee face painter being in a hurry to help out at ipox:)
Did someone mention the word sabotage….well, it wasn’t me:)
HH
Is Ibrox going to be the first stadium to introduce a sanding area?
Paul67
I have been a strong advocate of domestic Financial Fair Play to protect us and the game from their foolish financial thinking.
It would also protect them from it as well and some might say FFP is therefore not a good idea.
Me?
I could not possibly comment.
BSR
Brilliant!
no sure syd but when the roof falls in the rectum will be bleating about them being forward thinking and introducing a roofless stadium now that global warming is kicking in.
think some sun would do them good after living inthe dark for 300 and odd years
Things are looking up for the Huns….wait till they paint ipox and the satanic cardigan returns. Then they storm the champions league, back where they belong.
They will then sign Lionel Messi for nothing….and from there….rule the world.
Im really worried:)
HH
What on earth could possibly go wrong?
Syd,
Vg neebs :))
Some applicants for the Ibrox building repairs……..
http://m.youtube.com/watch?v=IjfQ5ca0dBQ
bournesouprecipe
09:56 on 10 March, 2015
The ole unseen Fenian handyman.
———————————————————-
Brilliant! PMSL!
I assume the volunteers will receive Obnoxious Conditions Allowance?
Anybody tell me where I can hire a crane with a wrecking ball, just heard its needed down Govan way.
Thats no 1 on my bucket list by the way.
Canamalar 09.14
They had a very good contract with the Mirror Group at one time but some years ago cartoons in the Daily rags were badly hit .’Beau Peep’ and ‘A man called Horace ‘ just two that were affected.
bournesouprecipe,
You’re a very bad man:-).
I have just remembered the Jim White interview from the hospital bed and the tears.
Tears of a Clown CSC
Árd Macha
And just to top it off….I reckon Dave King will be awarded the Nobel Peace Prize, Paul Murray will become the King instead of Charles, and Kenny McDowall will invent a chocolate ashtray that plays the sash.
And the worst of it is…..they are far too clever for the likes of us.
HH
Hi Paul67,
You do like to poop the aul Ibrox party by adding a dose of reality to the proceedings.
The Blue Knights ensured that Charles Green wouldn’t get away with a balanced realistic business plan, from the off.
The three Bears ensured that Mike Ashley wouldn’t get away with a sustainable Business Plan by calling a Boycott.
Interesting to see Dave King back peddle on Mike Ashley within hours of the coronation.
The Groupthink reverie that has brought the loyal support to their current optimistic enpasse.
Will soon be seen for what it is, a Group Psychosis….
“ Psychosis refers to an abnormal condition of the mind, and is a generic psychiatric term for a mental state often described as involving a “loss of contact with reality”. People with psychosis are described as psychotic. People experiencing psychosis may exhibit some personality changes and thought disorder. Depending on its severity, this may be accompanied by unusual or bizarre behavior, as well as difficulty with social interaction and impairment in carrying out daily life activities. ”
We do not and should not share a business plan with them, our paranoia is cured – their psychiatric condition has yet to be tackled.
However maybe Mr King et al are about to serve a large dose of reality that may start them on there way.
Hail Hail
Ian Black vows to help
I’m sure these are the very guys for the job:
http://www.mybuilder.com/profile/view/hunbuild
Tom
My seat wasnt ready for NEWCASTLE game.
Sit in 443 since we moved back from Hampdump
But on opening day we were shifted to above
where GB now sit.
I now know who to blame.
>>>>>>>>>>>>>>>>>>>>>>>
Tom McLaughlin
09:56 on
10 March, 2015
When Celtic Park was being rebuilt in the 90s, Fergus had problems with the safety certificate. It transpired that a few of the building workers, whose allegiances lay elsewhere, had deliberately sabotaged the work. It was so serious that the grand opening of the North Stand before a pre-season friendly v Newcastle United was in doubt due to the refusal of the certificate.
Fergus called in the builders and read them the riot act. He told them that if the damage is not repaired, at the builders expense, he would not be paying “one thin dime” and that he would sue them for millions.
A handful of builders were sacked on the spot and replaced by new workers who carried out the repairs and the safety certificate was duly granted in time for Billy Connolly to cut the green ribbon in front of the massive new structure.
Huns will be huns, even if it means prostituting their pride in their craftsmanship.
they will nat for sure. they will only have to watch 80 minutes of their next home match
This is the best possible result. The nutcases who sunk the HMS Dignity the first time are back at the helm.
woohoo
Jc2
Must have been dob the builder.
50 shades
: > )
Sevco hoping to sign Deco
…raters.
Im getting worried now….Dave King, with his Fu Manchu like inscrutable cleverness, and Paul Murray, the sage of ipox, are on the ball.
They will lead Scoddish Fitba to an unassailable position, and then drift off into the sunset, having left 350 Trillion quid in the ipox coffers.
We are in severe trouble now….soon, they will be back where they belong:)
God help us.
HH
Ard Macha
Tears of a Clown
You can change your name but you cannot hide.
Beau Peep.
Called Beep Peep in Italy
Compilations of strips are a regular thing at second hand markets.
The Blog is hilarious this morning.
CQN at it’s best!
Keep it coming ghuys!
Please.
Apologies to all for the duplication, but as we are on a new article, this is the final call for… CQN CHELTENHAM Naps Competition
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Is “Hun” going to be the latest word to be redefined in the name of language development?
It sounds like a swear…….similar to say the word “luggage”….and has come to be used as a term of contempt for Rangers their fans and now of New Rangers.
I reject the notion that it can be defined as a term of contempt for protestants simply because the term is used nationally by fans of all clubs including Celtic. The protestant fans of Celtic and all the other clubs use it for the one entity. So, is the word Hun going to join…..?
I started writing a list there but had to delete as it looked so offensive!
Mon the workers
The Celtic foundation donates some paint…
http://i59.tinypic.com/23vj9cn.jpg
Ah what a tonic….the sevconians are clamouring for the return of the satanic cardigan.
Magic.
The genius of idiots eh.
Back where they belong.
Love it.
HH