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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HT
Send them to Gibraltar. Plenty of their type there. In many respects. :)
Iain Anderson just played this cracker.
https://www.youtube.com/watch?v=uGDA0Hecw1k
DD
Gordy
Looks like a suicide appointment. Maybe that’s the King’s plan?
jurgen matthieuj from excelsior for next season to replace VVd.
dats what ah heard from a mate who lives in rotterdam
D D
How many winners did the Irish have today at Cheltenham?? Last count was 4.
TOSB
The notion of wearing homemade headgear for protection has become a popular stereotype and byword for paranoia, persecutory delusions, and belief in pseudo science and conspiracy theories.
Wiki
DD
Ha Nae comment :-)
Jude
Did you hear Michael Marra just before that?
Was kinda hoping that was what you posted.
Ally and the gardeners – in the living years was good though!
HH
Jude
Great show tonight. IA playing good ones. :)
The appointment of tinfoil hied on the hun board is a master stroke by the GASL, His masters in the coolmore mafia are sitting drinking brandy, smoking cigar and pondering where to exercise the unseen fenian hand nexts.
Dave the king wants to be a member but he has to serve his time as their pimp first.
Sky
That MM track was magic. :)
Good lord.
The new Golden Dawn at the asbestos dome didn’t last long.
Did they play the three bears and DK right from the start? Very difficult to blend them in to the team all in the one go.
Greig for Manager I say….
Any sign of much glibness among the Sevco support tonight or was it largely shameless?
One thing is for sure the league table doesn’t lie.
Unlike the Glib and shameless liar….
Beddy byes for this tim…
TOSB
Tinfoil Heid’s theme song:
http://youtu.be/wFNO2sSW-mU
I’ve believed everything at doomdome thus far. Even the unbelievable stuff!
Nothing they do can surprise me in terms of its unadulterated folly folly and disgusting entitlement.
Then today they go and prove me wrong.
Kwissy. Welcome.
Night timdom. Early start. London. Boo!
My sweet dreams may be more credible than today’s reality.
HH jamesgang
The hun ether is up in arms tonight. Apparently one of their players hit the crossbar and they refused to pay oot the fifty grand chuckie put up.
They’ll stash that with the stolen charity money from the Milan legends game and the stolen poppy funds.
Every little helps to pay off fat boy fat……………….or pay him to come back.
The Mercury man…mad as a hatter.
The living years
Evry Sevco owner
Blames the one before
And all the smelly Zombies
Come breaking down the door
I know that I’m a prisoner
to my fathers sash so dear
I know that I’m a hostage
to staying in the second tier.
I just wish I follow followed in the living years.
so say it loud
Say it clear.
We all know that your died never fear
We all laugh at your pain
And we’ll laugh even more
when you’re died again.
ACGR
Get Whiteinch Demolition on the phone. Big contract through the tunnel soon. :)
Had a look tonight at how the Premier International Cup was panning out.
All the group games have been played with Everton second in our group after beating Sunderland 1-0 last week. The quarter-finals are to be;
Chelsea v Fulham
Athletic Club Bilbao v Porto
Leicester City v Everton
Celtic v Manchester City
No dates or venues yet although to maintain the tournament schedule would have them during March/April.
C’mon the Celts. A final at Wembley, to fit us in, sounds like a good away trip to me.
praecepta, ha ha brilliant video. I nearly done a chick young there.
See you and your lovely minders on Friday.
HH bruv
sky
Did that CLASS !!!!!
praecepta,
Last post meant for your goodself.
I was thinking…..
Why don’t we move onto calling Huns Luns until they ban luns and the. We can make up words sounding like Huns till they ban them as sectarian in Scotland.
Think about it. The possibilities are limitless. And we could create new words for Huns more quickly than mad racist scotland can ban them.
Cmon you know it makes sense……….
a question for all ye scots out there
people on this blog call rangers the scottish establishments club but are/were the scottish middle classes as in scottish protestant middle cases supporters supporters of rangers, i thought rugby would be their sport????????????
D D & Sky
This one???
https://www.youtube.com/watch?v=Y7CNBa2Ay0A
Neg
Are you Charlie Nicholas???
Sitting there thinking!!! :)
DD, as long as I can sit in the cab I’ll pay to watch that hun infested dump be bulldozed and pushed into the Clyde. As long as its a Saturday with a (pffffffft) fullish house.
Text me their number. I can bring the acgr mobile to help transport loose shite to the dump.
ACGR
Sure some of our savvy I.T. bhoys could photoshop Tinfoil Heid on to it. :-)
See you Friday. H!H!
Árd Macha
22:52 on 10 March, 2015
thelurkintim
Fág sin i do dhiaidh:-)
—————————————————————————
Unless I’m completely misinterpreting it, yep he shows us the way, leaves us in his wake ( no pun intended ) ;-))
Oiche mhaith & sleep well
H.H.
Thats for Turd mc ciost!!
neganon2,
Surely theirs nothing offensive in currant buns ;)
NegAnon2
23:33 on
10 March, 2015
I was thinking…..
Why don’t we move onto calling Huns Luns until they ban luns and the. We can make up words sounding like Huns till they ban them as sectarian in Scotland.
Think about it. The possibilities are limitless. And we could create new words for Huns more quickly than mad racist scotland can ban them.
Cmon you know it makes sense……….
———————————————————-
Not an unreasonable proposition. We should do it alphabetically. We already use “buns”, so the next has to be “cun…”, no hold on I can see that causing some confusion
WoI
Rugger first. Gers second fae the ones I knew. They are feart fae us housing scheme fenian rebels who support Celtic though.
i like the term “bhuns”
like “bhoys”.
but with a silent b
west of ireland csc,
Rugby will be their prefared sport for social events, once they get in their own circle of which filled Murrays coffers…they become masonic huns.
Sipsini, are you going to be dressed like an undertaker on Friday? If yes can I bring ma dugs ashes for a proper burial.
I’ll be wearing whatever I’m told to wear, by the voices in ma hied.
Pet cemetery dot com