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
- ...
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- »
Only ½ of it Maggie ;-))
H.H.
too froooooo………looks like a braw day ……
braw
CET ………………no sae braw
I ,m off tae ma bothy…
braw
Been flat out past few days and now back in the ozzy outback so internet time is alot less.
Any news on whats happening with virgil ..ciftic.. connolly and the boy who kicked brown in the head ?
Awful bit of refing from thomson and his team.. nothing new.
Love to see our board speak out as quickly about them as they do about our fans..flares etc
proudbhoy
05:44 on 11 March, 2015
_____________________
Hail Hail Fella – hope yer well.
The ‘bored’…will never fight yer battles unless they know their going to lose money by not doing so…trick is…Sack them…simples.
The ‘bored’ will send sumbdy oot to be made to look like their fighting yer corner…like John Reid with all his…”We’ll not be sitting at the back of the bus anymore!”…aye…how long did that last for?…did it happen at all?…what is needed is for the Celtic support to eventually realise that…yer on yer own…the custodians of your club will back yer enemy… before they back you…so…what to do?
Ye know what…ah canny be bothered wi this so…bye.
Top of the morning Champions,
Thinking of possibly taking a wee trip over to the Emerald isle next week.
Looking to stay in Donegal any advise of hotels b&b’s travel etc would be greatly welcomed.
Thanks M
Good morning Ghuys. Due to a late call off I have a space at one of my Tables at CQN11. The person looking to recoup their money.
If interested lennybhoycfc@gmail.com
Keep the Faith!
Hail Hail!
Good morning friends from an optimistically bright, clear, slightly frosty East Kilbride.
Two/four more sleeps ;-)
Burnley78
19:11 on 10 March, 2015
Glad to see our faithful buying up the briefs for the Cup replay next Wednesday.
Imagine how embarrassing it would be if Rangers v Alloa in a virtually meaningless league game got a bigger crowd than Celtic v Dundee Utd as we aim for a rare treble.
I can imagine King at his pals, perhaps justifiably, scoring a few points. Even more so as our club has reduced the prices as a jpositive gesture to attract support.
And we may have even captured the first of our 3 trophies by then too.
I do hope our support start to show they are more than just for europe types.
The justification that we don’t want to contribute to the SFA is a ridiculous notion. We are on for a treble. If we back the team then we can win this together.
Like in the cup at Love St with 10 men in 1980 or v Hearts in the centenary semi, or even v Arabs in centenary final or v Rangers in 1980 final.
Or am I misskng what being a supporter is all about ?
____________________________________________
Hi Fella – Hail Hail
I was at all of those games that you mention in yer post…I especially remember the Love Street replay coz I didny get in to the game until half-time and there were estimates that 10k of Celtic fans were locked ootside the stadium…I think that estimation is correct…same thing happened outside Love Street that night as happened at CP roon about the same time in the European Cup game v’s Real Madrid…there were 100’s of white hankies being waved outside St Mirrens stadium coz fans were fainting in the queues to get through the tunstyles and, in the Jungle during the RM game, the same thing…100’s of white hankies coz of all the fainting…I had a ticket for the RM game and couldn’t get using it…when we got to CP the queues were miles long and, after going round the entire stadium…we discovered that there were folk taking a couple of £quid to let us use their gardens in the houses at the Rangers End were…ladders were placed over the garden wall and straight into the stadium when ye dropped off the end of the ladder…we made our way into the Jungle and, up to the back wall were we held onto the big thick green pipe that went along the entire back wall of the Jungle…had we slipped we’d probably have been crushed or worse…the Love Street game I remember being on the track during the break-in as all the bottles were thrown as we were put down to 10 men…was it Doyley who scored, or did he get sent off?…canny mind…anyhow…they were the days…take care bye.
Maestro…Was going to post same……Looking for advice for Donegal.
Need to make a trip there near future.A ship lies just off the coast
Empire Heritage..My Grandad and all hands remain there, torpedoed in
1944. My Dads wish was to have his ashes scattered there,going to be a sad journey for me.So any advice about travel etc would be appreciated.
H.H.
Drambowie celt.
Be sad, but be very proud too.
God bless you and yours.
Hail hail.
Sean.
Drambowie Celt
So sad for you.Googled Empire Heritage and got all the stats. Letterkenny is a nice market town in Donegal and you can get accomm on line if you google it. Would recommend as it is quite lively.
Have friends who go to Fanad which is much smaller.
I was getting info recently on the Anadora Star which was torpedoed at start of the war with hundreds of losses,mostly Italians who were being deported to prison in Canada as POWs.
Hope you get peace of mind on your visit.
Good morning CQNers,
I freely acknowledge that as a Celtic supporter my views are somewhat green-tinged but for the love of Mike how did the SFA arrive at a decision where Butcher kicks out at a prone player and escapes any punishment?
The Celtic’s acquiescent statement doesn’t go anywhere near conveying the contempt of any objective observer, but, still I believe we’ll win!
For what’s done is done and what’s won is won
and what’s lost is lost and gone forever
I can only pray for a bright, brand new day
Courtesy of Phil Coulter – The town i loved so well
Morning all.
Meant to mention yesterday that I gave my Dad the Malky McDonald book. He recognised Malky instantly and commented “a great player, who could play in every position”.
Quiet, weather-wise, down here.I gather it is likely to get wild once again later on. I wonder when things are going to calm down.
Sanjeev Kohli
@govindajeggy
Glasgow’s Oran Mor proudly announce their 3-person show featuring Piers Morgan, Katie Hopkins & Jeremy Clarkson:
“A Pie, a Pie & a Pie”
HH
/Bishop B
For all the Australian CQN followers SBS have the Cup Final live this Monday morning, programme starts 1.45am.
Hail Hail
@Sean thank you… Big Shuggy cheers mate will go for quieter option.
Your right the U-Boats done some serious damage.The particular one
that took my grandads down(Merchant Vessel)Was later blew out the water off Norway…Sad times eh?..He changed ship in New York to get home to his boy
(My Dad) as he had not been home for a year,my dad was 10, he never saw him again.
Thanks for Info .
H.H.
Shortbread this morning – Dundee Utd player Butcher cant be punished due to a loophole in the rules??
bamboo
aye, Butchers surname is Apron
My friends in Celtic,
“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”
——————————————————
I read the above post from “skyisalandfill” @23.05hrs.
I also saw that but I refrained from posting due to its political nature. Absolutely no criticism intended towards the poster, indeed he is doing us all a favour.
This move is nothing but a political move to centralise the police for the simple reason : is that they can.
The Scottish secretary states without any consultation that this is due to our country’s distinctive approach to policing. Pathetic statement.
I agree with the sentiments of BTP spokesman for its members when they categorically state that this undeniably political move is both ” unjustified and unjustifiable”
It is no coincidence that the SNP had a row with the BTP when they first took office.
The poster is right to be seriously concerned. The vindictive nature of this administration can not be underestimated. As Celtic supporters we are acutely aware of this.
It only serves as a timely reminder to be wary, very wary of what you vote for.
Who or what will be next on their agenda. Not us this time, for we are already on it.
Wake up and smell the coffee.
HH and thanks again to skyisalandfill.
blantyretim
Very quick :-)
Excellent statement from Celtic yesterday, I know many would wish the Club spoke out a lot more about the chicanery that goes on. I don’t it can make the Club look petty, paranoid, instilled with a skewed sense of entitlement.
No, when you are being cheated by way of dissimulation you have to be careful not to look ridiculous.
The thing is cheats always make mistakes sooner or later, normally trying to over egg the pudding.
This happened over the Dundee United and Celtic match and subsequent fall out.
“It seems completely illogical and fundamentally unfair that, in an incident where mistaken identity has been claimed, the Dundee United player now identified clearly as being involved in the incident appears to have no case to answer – ”
And there you have it, a wonderful pre-emitive strike.
If Paton has been cleared due to mistaken identity then the Dundee United player he was mistaken for must be cited, unless Callum Butcher did nothing to warrant a Red Card, if he did not warrant a Red Card then neither did VVD.
Unless of course the SFA want to look like cheats, because if VVD’s appeal is rejected that’s the only logical conclusion you can come too.
Over to the SFA, dissimulate yourself out of that one.
Ronny’s a cheat for playing Stokes.
Gooooooooooooood Mornnnnnnnnnnniiiiiiinnnnnnnnnnnnng
Today my Grandson Sean Patrick a lifelong lurker (On my knee) and one time poster
is a BIG 5yrs old
HOOOOOOOOOOOOOOOOPY Birthday Wee Mhan
Hail Hail
If Celtic FC dont have the resources or, the management team to get past Dundee Utd in the Scottish Cup well…..
Gooooood morning Kev
Have a great day
Kevmeister
Trolling again…
Sean Patrick – are you a sticky?:)
Happy-Hoopy-Birthday whee ghuy
Hail Hail
If Thatcher had centralised the police the way the SNP has, the Sunday Herald, Iain McWhirter, Tommy Sheridan, “civic” Scotland, the STUC, and many others would be apoplectic.
But because nice wee Nicola does it it’s ok.
Deeply worrying times…
BIG-CUP-WINNERS
08:49 on
_______
So,…..am no in the clique…am no a Happy-Clapper-Bored-Sook-Tunstyle-Fodder-Mug…no, am not…am I a troll?…Hmmm?…what do they look like?
Good morning CQN
SFA Propaganda via the BBC….its a loophole ?
However Van Dijks ban will stand
If our big Dutch man is banned from the cup final Celtic should go to court on Friday morning
Dundee United: Calum Butcher escapes ban because of loophole
A loophole in Scottish FA rules means Dundee United’s Calum Butcher has escaped punishment after an alleged case of mistaken identity on Sunday.
The governing body was keen to punish the 24-year-old for an off-the-ball clash with Celtic’s Virgil van Dijk during the Scottish Cup quarter-final.
But its rules prevent it switching punishment retrospectively.
Fellow midfielder Paul Paton was sent off instead by referee Craig Thomson and United have lodged an appeal.
His case and that of defender Van Dijk, who was also shown a red card, will be heard by a judicial panel on Thursday.
But the inaction against Butcher has angered Celtic as it will allow Butcher to play in two upcoming games between the sides.
“It seems completely illogical and fundamentally unfair that, in an incident where mistaken identity has been claimed, the Dundee United player now identified clearly as being involved in the incident appears to have no case to answer – and would be available to play in the League Cup final and the Scottish Cup replay between the two teams – while Celtic’s player may potentially miss both of those matches,” said a club statement.
“Celtic Football Club and Virgil van Dijk maintain their position that no red card offence was committed by Virgil.”
The SFA has taken retrospective action against United striker Nadir Ciftci, who has been offered a two-match suspension for allegedly kicking Celtic midfielder Scott Brown on the head during the same incident.
Happy hoopy birthday Sean Patrick
Kev J
What does this mysterious phrase mean? It seems to habe lost its traditional meaning.
“Ye know what…ah canny be bothered wi this so…bye.”
Leftie
Many happy returns to wee Sean Patrick.
If you know your history………there are some real political half wits on here
Thatcher did turn the country into a police state
http://www.theguardian.com/commentisfree/2014/oct/03/miners-strike-thatcher-real-enemy-within-extremism
Sean Patrick, at 5 years old, you will be able to contribute more sense than many on here
Happy Birthday
How can Celtic FC complain about unfairness when they are involved in all the sleekit save the hun agendas behind the scenes?…how does that work?
Celtic’s hierarchy are in bed with the very same establishment who cheat the players on the pitch…only a fool would fail to see that…and, only a ‘bigger’ fool would pour money into the coffers of these duplicious basturts who continually sell ‘you’ down the river.
Btw….isnt PL looking awfy frail?…Hmmm?
A few posts on here last night were laughing at the reported Ibrox attendance of 35,000. I have just looked at our sales for the Dundee Utd replay. Currently, we look below half of that Ibrox crowd. Tickets are much, much cheaper than the LC Final but that is sold out.
Kind of undermines the argument about prices being a big factor in crowd numbers but does support the Selective Celtic Supporter viewpoint.
JJ
PS I am going to the replay but not the Final. Not for any other reason than I don`t like Hampden.