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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new article posted.
Bigchips
I believe that is the rule. I just find it hard to get my head around that nobody saw this when the rule was put in place, or that it hasn’t happened before????
M6bhoy
The relationship between club and supporters is different from supporters to club.
Tho i do see where you are coming form i see no reason for this.
a uniform membership scheme within which ones own economic relationship with Celtic is within it.Whether a box holder or buying tickets for most home games like myself,
Whether you go to the games home and away,your custom is recorded and loyalty can be repaid in games like this replay,that was my suggestion..
I dont base my suggestion on anything to do with the cheat tho Burnley78 hints at that.I am only interested in the betterment of our club mate.
Hope your good :-)
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Enjoy your CQ11 folks,dont get to pished :-)
cant make it this time
Enjoy
HH
Celtic’s statement is ‘spot-on’ when calling SFA decision “illogical”.
How can you use TV evidence to prove Paton innocent – then prove VVD guilty – then prove Cifti guilty, and completely ignore what Butcher done?
TV evidence, in the cases of VVD and Cifti, can be used because the referee ‘missed’ and therefore the compliance officer can step in – what then is different with Butcher.
If they ignore him, then they are saying basically that the incident did not happen – in which case VVD has no case to answer.
Surely, regardless of the red card, Butcher must stand the TV test like the other two.
The stupidity of the linesman should NOT be allowed to override natural justice.
MACANBEATHA
Family is as family does,mate.
Something for which many of us have reason to be grateful.
(You’ve met my Dad,for instance!)
Their new rallying call “For every fiver Celtic spend, we’ll tap a tenner”. Hail hail