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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Lyrics to a wee song for SDM and hunny bears everywhere:-
“My Lady Anne your champion’s depressed
I’m not in shape to carry on the quest
I have to keep my speed down to a trot
Or lose what little armour plate I’ve got
My screws are loose, my clamps are hanging off
My helmet topples every time I cough
I topple with it every time I charge
I’ve gotta get this suit to a garage
Oh do you wonder I feel so uptight
Times were never tougher for an errant knight
My faithful steed is the joke of Joyous Gard
And sensitive withal he takes it hard
His forward gears are shot, and what is worse
He’s too slow for my safety in reverse
So there we go, my faithful steed and me
No third party, tax or M.O.T.
And there beside me rides my faithful squire
His card’s unstamped, his trumpet fixed with wire
Oh do you wonder I feel so uptight
Times were never tougher for an errant knight
For tomorrow I must fight Sir Valentine
Thy hateful ravisher, the prancing swine
The time has come for him to meet his fate
From me, Sir Sagramore the second-rate
The joust is in the morning, Lady Anne
And you not there? My one and only fan
This time I pray that I may stay the course
And not fall from the crane and miss my horse
Oh do you wonder I feel so uptight
Times were never tougher for an errant knight
But Justice, God and Truth watch over me
At half a sovereign ringside, children free
Sir Valentine the Violent is through
Providing God comes up with something new
‘Cause his drop-forged armour and his tungsten axe
His horse that runs on caterpillar tracks
That showy stuff is strictly for parades
Like his rocket launcher, radar and grenades
Oh do you wonder I feel so uptight
Times were never tougher for an errant knight
Sir Valentine the Violent, supersword
Tilts with me tomorrow on the sward
Thy just revenge lies in my hand and eye
My faithful squire has bade me do or die
And put all his money on the other guy
So dost thou wonder I feel so uptight
Times were never tougher for an errant knight
Oh do you wonder I feel so uptight
Times were never tougher
Like rugged, man, and rougher
Times were never tougher for an errant knight “
Shredded bits of paper
That once were evidence
War chests that were mirage
By feck you lot are dense.
You swallowed all the bullshit
You bought up every lie
Pretended you were Rangers
when we all know you died.
If only you hd listened in the living years.
So say it loud.
Say it clear
tinfoil heads on the board it appears
It’s too late
Sealed’s your fate
should have listened the that posh cvvt Graame Spiers.
Sorry, I’m floundering now.
Nae fish jokes.
HH
Everybody, stop getting on neg2’s case. He might be a repetitive boring basturt and a serial let down but lFFS et’s cut him some slack,
He’s promised a thousand pounds behind the bar for Gerrinthebrig’s tables on Friday.
To my pal Neg wiff kisses.
Neganon2
Just waiting for this to be banned,
Ha Ha ! Ha Ha ! Ha Ha Ha Ha Ha Ha !
Ha Ha ! Ha Ha ! Ha Ha Ha Ha Ha Ha !
Ha ha ha ha ha ha ha ha ha ha ha ha ha ha !
Ha Ha Ha Ha Ha Ha Ha Ha !
#alwayslookonthebrightsideoflife
ACGR
You staying in town next Wednesday?
West of Ireland
I remember reading an article / hearing interview which drew a parallel between rugby and Rangers in Scotland.
The basic hypothesis was that a relatively successful period for Scottish rugby in mid 70s to mid 80s was linked to Celtic’s success in 1967 – 1974. It went along lines of our success, resulted in many of the more affluent young people who would have supported Rangers, turning away from football to rugby etcetera
I have no idea whether the correlation holds up.
I would also suggest that if some of the more affluent Hearts supporters put a fraction of cash into football that they put into rugby, then Hearts would be playing in a 30k modern all seated stadium, watching SPFL football, with occasional decent runs in Europe.
Lets call them stickeys…..lets see them take offence ;-))
H.H.
As in 1 of the 3 bears was playing stickeys was poo at the bridge ;-))
H.H.
* poo bear
H.H.
1st quadtrik?
H.H.
Pent……mmmm…..try this then ;-))
http://m.youtube.com/watch?v=HKnxmkOAj88
H.H.
A few mentions for Sleeper. That movie had me in tears of laughter. Wonderful.
skyisalandfill
23:05 on
10 March, 2015
I see that the Brittish Transport Police ( the only ‘service” operating in Scotland who didnt mangage to lose the stats pertaining to cultural division in terms of religiously aggravated offences) are being brought under the umbrella, bowler hat and brogues of Police Scotland.
Voted Yes, but seriously concerned about the centralised, politicised nature of this.
==============================
Nationalists like their polis mate, they give them all the powers they need to control the threats to their……………well, it’s going well so far eh?………..I bet you thought a kettle was for making tea, till you went to a Celtic game in Nationalist Scotland?
Anyways, bed time, I hope polis Scotland have Erskine Bridge well policed the night, canny have fat poisoned fish in oor waters.
Damn you beefy, nearly got a double hattrick ;-((
H.H.
No moonhowlers on thenite? ;-((
H.H.
Night all Night wee Oscar my hero God bless x x
Sorry.
On furra nuther ;-))
H.H.
Beefy, and again…..not quite a nemesis…..but ;-))
H.H.
Poor old Winston from UKIP got the heave ho. Pity. Fabricant is one of the few flamboyant politicians left.
neganon2
20:29 on 10 March, 2015
BCW too late :)
Owen I would gladly scroll by but am only able to do so if you talk sense. I leave that challenge up to you.
Read that 2 hours ago and I’ve just stopped laughing……..brilliant
I see Mavin Gaye’s estate is $7m better off.
http://www.bbc.co.uk/news/entertainment-arts-31825059
ACGR. Are you ignoring me?
4 now 5 times I have asked if you are staying in town for the replay next Wednesday.
I’ll text you.
HH
Ok, now that it’s quiet…..am looking fur a ticket fur Sunday…..just so there’s no confusion…..a Celtic ticket…..;-))
H.H.
A NEGANON blast ensures that all is normal in life.
FLamboyant??
You’ll find a golf club bore & racist like Farage in any middle class golf club.
I wish you all a good night. New posters please.
Just been looking at google translate…..how come Scottish or Gaelic arne’t an option ;-((
H.H.
kevin hughes
23:15 on 10 March, 2015
jurgen matthieuj from excelsior for next season to replace VVd.
—————————————————————
Sounds like we’re tracking a guy out of a fantasy novel…
FC Porto do it again. Note that they also scout well in Africa.
Lol, replacing VVD is a fantasy, he’s going nowhere ;-))
H.H.
NegAnon2,
Ha Ha I like it…we could say, these Puns are a joke :O).
Hail Hail.
***CONTINUED***
How f###in p@sh are we?
Mohsni or mulan just gtf u impersonator of a player
Sorry, a few swearys got through :(
Jo hansen wins February Player of the Month
On a few mins from my world tour:)
Scottish football no deed yet?
Naw?
Judie’s voice is a clear as it was when I was a loon. She hasn’t worn well though. Terrible thing to say and even think.
http://youtu.be/u54g81K4c40
Maggie
Only on the south side.
Maggies bak
The world is ok again ;-))
H.H.