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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Bedtime..couple of quick questions
When is lustig back ?
Have the sfa made any comment about guidetti enjoying a song abouy himself ?
Up the tic
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
11:47 on
11 March, 2015
TURKEYBHOY
Aw come on,man! There’s been hunners worse than that. He’s still only an apprentice blue-nose brown-noser.
Guid teachers,mind!
You are probably right,but the whole tone of the article is so vomit inducing.I felt queasy reading it.I can imagine him throwing away countless copy because of the tear stains blotting his words.
My nephew would like to know of any/best
Celtic minded pubs in LEEDS to watch game on Sunday
Cheers
Turkeybhoy
11:44 on 11 March, 2015
Dont think I have ever read a more boak inducing article than Ralstons today in the Retard.
Pure unadulterated hero worship,put into print.The old”Marble staircase”to them is a like a night with Sophie Vergara to the rest of us.
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It was indeed a rim-job wee Gary will be proud to pin on his befroom wall. Made Baron Greenback’s robot, Grovel, look like Barry Norman.
Almost as if Gary thinks there might be another corporate tie to be handed out…
As for Sophie, don’t be ridiculous; lasting a whole ‘night’? Five minutes tops, mate, and even then you’d have to be picturing Chris Graham to get that far… ;))
Well done Stephen Joe Hansen,for his player of the month.If anyone deserved it etc.
Turkeybhoy
sorry…. but thats two days in a row you have called the paper we
dont like that name…
gonnae no dae that….
HH
Sandman,
I would sit with my gub agape for around 4 hours just looking at her.Bang on with the 5 mins though.As if Modern Family was not good enough.
One for the squirrels.
Is Dave the Rave considered to be a “Non Dom” ?
If so, what are his tax liabilities in this situation?
bognorbhoy
11:58 on
11 March, 2015
Turkeybhoy
sorry…. but thats two days in a row you have called the paper we
dont like that name…
gonnae no dae that….
HH
Sorry mate.I AM very un PC.I blame my parents.(Hope they are not looking down as I write this).
The silver lining to all this is of course that if we do win a treble it will be all the sweeter. Knowing that the SFA’s jiggery pokery will all be for nuffin.
From the new board member over at thems, boy knows his stuff, appols if already posted.
https://www.facebook.com/tony.donnelly.773/posts/10152680813401611
Probably nonsense,but,
The young defender, who trained with Fulham and Spurs, has spent two seasons on loan with Dutch club Dordrecht and is keen on a move back to Britain in the summer
By Graeme Bailey
Celtic could look back to Groningen to replace Virgil van Dijk with William Troost-Ekong, Goal understands.
The former Fulham and Tottenham youngster left White Hart Lane in 2013, at which point he joined the Dutch club – who coincidentally sold Van Dijk to the Bhoys that summer.
He was then loaned out to Dordrecht, whom he helped to promotion to the top flight, and has since spent the whole of this season with the same team.
Troost-Ekong’s contract with Groningen is now due to expire this summer and, although they have had talks over a new deal, he is understood to favour a move back to Britain.
Celtic are now keeping close tabs on his progress and he could represent a cheap option to replace Van Dijk – who is widely expected to depart Parkhead this summer.
Hearts – who look set to win the Scottish second tier – have also been strongly linked, while Goal understands that there are also a number of Championship clubs keeping tabs on his progress.
macanbheatha oscar abú
12:00 on 11 March, 2015
If so, what are his tax liabilities in this situation?
:::::::::::::::::
Tax ?
He still has not fully grasped that concept, yet.
Martin42
good luck with the op.. take care
Hail Hail
Anyone any ideas his much the general sale tickets will be for the cup replay?
used to enjoy PMQ. Not any more. 2 weans shouting and bawling at one another, with the other 600 odd joining in. I think this suits the Tories. Wee bully boys.
Violent Conduct is normally “off the ball”, I.e. not within playing distance. The other offence, in that context, is usually Serious Foul Play, which is normally in a contact situation with the ball. Terminology may have changed a little, but that is the essence of it. With this in mind, VC does not fit anyway.
HH
iki
12:06 on 11 March, 2015
macanbheatha oscar abú
12:00 on 11 March, 2015
If so, what are his tax liabilities in this situation?
:::::::::::::::::
Tax ?
He still has not fully grasped that concept, yet.
Exactly!
Turkeybhoy,
If he is half as good as VvD, he would be worth a punt, whether VvD goes or not.
Gordon_J backing Neil Lennon
11:49 on
11 March, 2015
Maybe big Virgil should argue mistaken identity too. If they can get one wrong then …
————————————————————
Broonie should go to VVD’s appeal hearing and ‘fess up. He should say “it was me who should’ve been sent off for a horror tackle on a poor wee DU player, and the ref sent off Virgil by mistake.”
Surely then they’ll have to apply the same rules and let VVD off, without then being able to charge Broonie retrospectively?
This Dutch boy is 21 years old,6″3,and has been capped at under 19,and under 20 for Netherlands.The loaning club with whom he gained promotion desperate to keep him .
Could be interesting,lot of similarities to VVD and Denayer.
I would think we would be looking.
Turkeyboy
Seriously cara its nothing to do with being PC
My brother was mocked most of his life with terms like that
For the sake of your own self respect just bin the word
turkeybhoy @ 11:39,
Twasn’t me that suggested the wrong man was sent off deliberately.
My point was an exchange of pieces…
A white Rook for a black pawn if you like…
The reason for the mistaken identity was they were after the white Rook, the picked up the queens pawn, instead of the bishops because quite frankly they’re just about the same.
When you enter a world of fantasy it can
GORDON J 1149
Can you imagine the prosecuting officer saying summat like-‘Mistaken identity? Whit? It was that big black fella,stauns oot like a sair thumb!’
And get away with doing so…
MARTYISTHEMAN
martyisheman
nothing on official site
The Scottish Cup replay is next week’s concern, I’ve no worries about Celtic fans picking up tickets for it then.
This week it’s a final to win with a trophy to collect. Ronny’s nine months have brought him this chance to bring the season’s opening prize back to Celtic Park.
Bring your family over from Norway, Ronny, and let your girls see their dad carrying the League Cup across the pitch to the gathered Paradise of Tims.
The Ronny Roar will be a doozy this week. Can’t wait.
An Tearmann 11:35 on 11 March, 2015
The relationship between supporters and club and club and supporters has always been different. Supporters have always had much stronger emotional attachment to the club than the club has had with its supporters. It was alway thus though it would be true to say that over the past couple of decades, the club has come to regard supporters more like customers whose wallets and purses are their’s to plunder at will.
It shouldn’t therefore come as a surprise if some supporters begin to act like customers and pick and choose how and when they “support” the club. Frankly, who gives a damn how many eejits turn up at Ibrox to be fleeced their latest “saviours” and whether this is more or less than turns up at CP th next night?
Apologies to continue….
The Dougie and Dougie fantasy…
Show someone the Gary Hooper penalty incident at Tannadice ask them do they think it was a penalty.
They will say yes or they may say it was two penalties.
Ask 5 SFA “experts” the same question – to a man they’ll say no penalty.
Most people live in a world of rules, codes and responsibilities, we can’t make these things up.
The SFA don’t…
You can call this a fantasy world if you like.
Hail Hail
MACANBEATHA
I doubt that term has ever been used by myself,but I used plenty like it. It’s quite sobering to think back on some of the things that were commonplace then.
Some unpleasant reminisces in my case,for sure. We live and learn.
Give yer brother a big hug fae me,bud.
DU new exactly what they were doing during the wrong player sending off , watch the reaction of his teammate when he is telling him that he will be ok and to accept the sending off as both he and the guy who should have went off would have their sending off rescinded and they would both be available for the next games.
Turkeybhoy
11:56 on
11 March, 2015
Well done Stephen Joe Hansen,for his player of the month.If anyone deserved it etc.
_______________________
Fully deserved and a decent shout at the moment for PoTY.
ron67 12:23 on 11 March, 2015
Mmmmmmmm
Do the rules state that where a player has been wrongfully dismissed (due to mis-identification) that the red card MUST be rescinded? If not, then in the interests of overall fairness and sporting integrity, the SFA could insist that the red card be upheld as DU must have some form of penalty or handicap as a result of the incident.
They should acknowledge that a mistake was made but they will review the rules and procedures to enable such circumstances to be avoided in future.
Collum and Chambers on Champions League duty this week.
The former has 360 degree vision which is handy when working with the latter.
according to video celts Thompson has been dropped for replay
Bmcuwp
Thanks for that cara
My sister looks after him now but I have the duty to shave him every Saturday afternoon
His only fault is he’s a Man U fan ( blame G Best’s grand father :-) )
iki
12:30 on
11 March, 2015
Collum and Chambers on Champions League duty this week.
______________________________
The mind boggles that Collum has been invited to officiate in europe AGAIN.