Shared business plan? Not in a million years

1070

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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  1. Back to Basics - Glass Half Full on

    Don’t know why there are so many chuckles on here tonight.

     

     

    Genuine opportunity missed by QoS to consolidate a playoff position.

     

     

    Queen of the South (Biblical version) 1 – Queen of the South 1

     

     

    Hail Hail

  2. Seems the MIB missed another elbow (not from McCulloch, I gather) at Ibrox. It must have been blatant as even that arch-h.. , Richard Wilson, mentions it in his report on the BBC website.I wonder if the compliance officer will take action. Hmmmm………….

  3. Craigellachie10 on

    Hankray

     

     

    Porto and other Portuguese sides have a huge advantage over other European clubs due to the dual nationalities of many Brazilian players. They can bring them in as youngsters with few restrictions.

  4. A Ceiler Gonof Rust on

    BB, you say it best when I say nothing at all…………………:_)

     

     

    Chick young makes me want to boot my telly in and I’m listening to this on the tranny. Ha ha!!

  5. 16

     

    Like yourself did ok but Annie would have set me up for the rest of the week.

     

    Give me a shout for a brew next time TCR in town.

     

    Oiche mhaith Comrade

  6. Delaneys Dunky on

    16roads

     

     

    My mammy does not know I gamble. She calls it Lucifer’s game. You may be right.

  7. The Glasgowceltic way.

     

    3rd in championship plays 4th. 2 legs.

     

    Winner plays 2nd in championship 2legs.

     

    Winner plays team who finishes 11th in SPFL. Again 2legs.

     

    Team with highest league position has home advantage in 2nd leg.

  8. I have heard that the phrase “rangers* drop more points” is considered sectarian in Scotland. Shame on all of you you bigots.

     

     

    *rangers replace sevco because sevco is already considered sectarian in Scotland.

  9. What is the Stars on

    Bada bing

     

    Windsor park in the first is a bit of a talking horse round here. Also word for Don poli mullins fav in the second

     

    The big handicap hurdle I have been given zabana by a friend who knows the trainer and also hisabaat in the same race. Both are big prices. The bumper race I think David pipes horse Moon Racer has a great chance

  10. 16 roads - Celtic über alles... on

    Can’t complain thanks ACGR.

     

     

    Thanks for the bottle of liquid gold, haven’t sampled the gear yet, but it looks powerful.

     

     

    Or parfal as they say in the mad ‘Murph.

     

     

    Thanks again mo chara.

     

     

    HH.

  11. Árd Macha

     

     

    Thank you for the effort giving us the diary extracts. Powerful and poignant, a window into the mind of a man with the courage of his convictions ( no pun intended ). A man with the unshakable belief that his cause will be vindicated, a man with steel in his soul.

     

     

    H.H.

  12. It must be a wind up. Shurely to goodness, Collum and thon what passes for a linesman in Scotland cannot be handling a CL game. God help us all. Mind you, they probably will conduct the macth properly, since we are not involved…….

  13. 16 roads - Celtic über alles... on

    I shall indeed G1998.

     

     

    Think he’s due up to watch that Cliftonville mob before the end of the season.

     

     

    I’ll keep ye posted.

     

     

    HH.

  14. pedrocaravanachio67 on

    WITS

     

     

    Is it ok to mention glens melody and cause of causes? :-) :-) :-)

     

     

    Kerching

  15. scottishleaf

     

     

    Ten Men Dead is a great read, immensely powerful. Another worth a read is Biting at the Grave but it’s a more difficult read.

     

     

    I’ve no spares just now but if I hear of any I’ll keep you in mind.

  16. theglasgowcelticway

     

    22:06 on

     

    10 March, 2015

     

    What is the situation with the play offs in the Championship? How does it work?

     

     

    On current form, QOS (who will finish 3rd) will beat Sevco (who will finish 4th) and then lose to Hibs (who will finish 2nd) who will lose to Motherwell (who will finish 11th) and so only Hearts will come up.

     

     

    By which time we will have won the Treble!

     

     

    Seemples!

  17. ....PFayr supports WeeOscar on

    JNP

     

     

    so…Sevco who cannae win a game will have to negotiate three rounds ..

  18. Delaneys Dunky on

    ACGR

     

     

    Feeling sorry for my childhood Partick neebor Kenny McDowall. That boy is sounding ill. Sad times at doomdome. :))

  19. The Glasgowcelticway

     

    4th plays 3rd home and away.

     

    Winner then plays 2 and home and away

     

    Winner then plays SPFL 11 the place home and away.

     

     

    So the Lower division team could have played 4 games whilst SPFL team twiddles their thumbs waiting.

  20. craigellachie10

     

     

    22:07 on 10 March, 2015

     

    Hankray

     

     

    Porto and other Portuguese sides have a huge advantage over other European clubs due to the dual nationalities of many Brazilian players. They can bring them in as youngsters with few restrictions.

     

    -_____

     

    Is there anything that stops Scottish clubs signing these players, if they have Portuguese passports ?

     

    Might be a good way to get good players to come to Scotland – guys who maybe aren’t quite ready for EPL , but more than good enough for our league.

     

    I am think Brazilian equivalent of Denayer / Ki etc

     

    They come over , play in Scotland, learn about British football / culture / language, and use Scotland as a way to profile themselves to EPL teams

     

    If done properly it could be very lucrative, accepting that there will be a few who don’t work out and are Scheidt .

  21. 16 roads - Celtic über alles... on

    DD – They are a necessary evil mate a suppose.

     

     

    Lifted a bet today, there was an English £50 note in with the winning.

     

     

    The girl behind the counter said – is that 50 alright?

     

     

    I said – why wouldn’t it be?

     

     

    She said – some people don’t like 50s.

     

     

    Some people are feckin eejits I said.

     

     

    The girl just laughed.

     

     

    I was being serious.

     

     

    HH.

  22. skyisalandfill on

    Does anyone seriously expect the SFA/SPFL to attempt a season end reconstruction of leagues to shoehorn loyal losers(2nd) FC into an expanded top division?

  23. Pfayr.

     

    Yes. If they finish 3rd they would have to beat QOS then Hibs then Motherwell. Going by current positions

     

    Although if by some twist of fate they beat the first two I’m sure they would have no problem with Motherwell.

  24. skyisalandfill

     

     

    That is an impossibility at this stage. Especially given the “conflicted” SFA President. They simply couldn’t.

     

     

    Could they?

  25. Delaneys Dunky on

    16roads

     

     

    Lifted 18 £50 notes at Ayr race course last year when Alco won the National. I enjoyed spending them with my family in Benidorm. :)

  26. bournesouprecipe on

    Q.”When did you know that you’d broken your leg?”

     

     

    A. “When I saw John Grieg coming”

     

    Bobby Lennox

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