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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DIY
http://youtu.be/H61cdk14mNw
HH
its all falling into place.
someone posted a pic weeks ago of auf wiedersehn pet.
they were after geordie builders after all
bognorbhoy
HH
bournesouprecipe
Great stuff. I could watch that endlessly.
Maybe he was crying as he was unsure who would clean his moat while he was in hospital undergoing surgery (no doubt paid for by season tickets + IPO).
Árd Macha,
Ard Marcha
They even got to keep their asbestos.
Coisty will be sent up on the roof to deal with any moss problems
Oh my sides….now they want sally to walk back.
Hilarious stuff….they get more rabid by the minute.
HH
Measure once,cut twice ;))
http://youtu.be/O0x8kml-afs
HH
bournesouprecipe,
Those big hands were made for giving.
The ole onerous contracts were not all bad:-)
Árd Macha
“Any one seen this? Lol.”
Nope Tony,
Where did you here about that? :))
Oh please…c,mon now….Bring back Ra Bomber and the Two Andy Gorams….Please.
Cannot wait to see ra bold bomber raging and foaming at the mouth again.
HH
Canamalar
09:15 on
10 March, 2015
Can we fix it, yes we can
Billy the builder
Will still need insurance though :)
Hee hee hee hee hee.Luv it.Billy The Builder,Hee hee hee hee hee.
TD67
T…dig yer auld workie boots oot the cupboard.
I meet you at Govan Cross….I bring my mechanical digger:)
HH
Just over 4 hours for the Compliance Officer to come out of his bunker
HH
Anyone know if the Huns will be looking for any Tarriers.
Applications for Painters & Decorators should be made by post (impressionists) to:
Dick van Gogh!
Help……… pours in.
2
Brilliant Sandman!
“If you want to picture Craig Thompson watching the example of exemplary refereeing at Old Trafford tonight, just imagine a goat staring at a new fence.”
http://youtu.be/O0x8kml-afs
at 1.09 is that kyle laffatme? surely theres no contact there ref
Canamalar
09:15 on 10 March, 2015
Can we fix it, yes we can
Billy the builder
Will still need insurance though :)
————-
Billy the builder & his Gullibillies workforce :)))))))
Thank you for billy the builder ,I cant stop smiling when those words roll aroud my head:))))))))))))))
Surely they are daftest supporters in history.
You would get more sense, talking to a pile of sawdust.
Is it really possible to be that stupid.
The mind truly boggles.
So far today, from what ive read in the scoddish meeja.
They want Watty and Ally back…..and they truly believe they will soon be in the Champions League, back where they belong.
Truly over the rainbow….back to the land of oz.
Crazy
HH
They’ll be looking for Tarriers for the car park?
Actually, what IS a tarrier?
Catman,
I thought the VvD & Paton appeals are to be fast-tracked for Thursday?
Is the 4 hr deadline in relation to what other charges might follow?
Árd Macha
see some bloke in dorset has broke the world record by telling 26 jokes in a minute.
gonna get myself in the guinness book of records just for naming 27 hun players in less than a minute
Árd Macha-yes mate,fast tracked to Thursday? Amateur outfit at work.
Nothing about the hun word being used to describe a Protestant person, plenty about it being used to describe persons of an anti social inclination.
Hun
(hŭn)
n.
1. A member of a group of Central Asian nomadic pastoralist peoples who invaded Europe in the fourth and fifth centuries AD and were defeated in 455.
2. often hun A barbarous or destructive person.
3. Offensive Slang Used as a disparaging term for a German, especially a German soldier in World War I.
________________________________________
[From Late Latin Hunnī, the Huns, of Central Asian origin; akin to Sogdian xwn, Sanskrit hūṇaḥ, and Middle Chinese xuawŋ-nɔ (source of Mandarin Xiōngnú), a member of various Central Asian peoples or multiethnic confederations that conquered and raided the Eurasian steppes in late antiquity, probably from their self-designation .]
________________________________________
Hun•nic adj.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Hun
(hʌn)
n
1. (Peoples) a member of any of several Asiatic nomadic peoples speaking Mongoloid or Turkic languages who dominated much of Asia and E Europe from before 300 bc, invading the Roman Empire in the 4th and 5th centuries a.d
2. (esp in World War I) a derogatory name for a German2
3. a vandal
[Old English Hūnas, from Late Latin Hūnī, from Turkish Hun-yū]
ˈHunˌlike adj
Collins English Dictionary – Complete and Unabridged © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003
Hun
(hʌn)
n.
1. a member of a pastoral people of the Eurasian steppes, who in the late 4th century a.d. began a course of alternating conflict and alliance with their Iranian and Germanic neighbors and the Roman Empire: they reached the height of their power in Europe under Attila in the 5th century, and then disappeared from history.
2. (often l.c.) a barbarous, destructive person; vandal.
3. Extremely Disparaging and Offensive.
a. (a contemptuous term used to refer to a German soldier in World War I or II.)
b. (a contemptuous term used to refer to a German.)
[before 900; singular of Huns, Old English Hūnas; akin to Late Latin Hunnī]
usage: The meanings represented by definitions 3a and 3b, though appearing mostly in historical contexts, are used with disparaging intent and are perceived as highly insulting, since the Germans are likened to the barbarous, warlike, destructive Huns of the 4th and 5th centuries
Ard Macha
He has until 3pm today to charge any other player with an offence. ie Cifti for the kick on SBs head and Connelly for diving
HH
geordie munro
10:49 on 10 March, 2015
“Any one seen this? Lol.”
Nope Tony,
Where did you here about that? :))
Lol, I just got it when I opened up my I pad, of course after I posted it, I started reading the posts, felt like a right wally, lol.
Tony,
Lol. It’s produced some belters on here today. :)
Guy Fawkes would have surely helped out at the ipox refurb.
I can just picture it now.
A bearded figure with cape and stylish hat drags a large wooden box along Edminston Drive.
GF:..Hello rer….im here tae help ra bears…back where they belong.
Ipox Doorman: Aye…ok….whit can ye dae
GF: Am a spark….I can rig a few systems up fur ye….mon ra berz
ID: Aye carry on…..thanks fur yer help…..mind that asbestos noo
GF: Aye nae borra big yin..(ya big rocket)
ID: Aye, we will soon be back where we belong
GF: Aye…too right ye wull…..(Dasterdly Laugh)
HH
I called the number, but , billy is busy, lol.
Tom McLaughlin
09:56 on
10 March, 2015
Tom,I worked on the Club Deck at I brox when they were building it,doing electrical work.
The job was full of Tims.The wee Hun who operated the lift,at the front of Ibrox,to take the squads up and down,actually complained at the amount of Hoops being worn by the workers.Wanted to refuse to take them up and down.Got slaughtered every day.
Every electrical duct that was put in place,has Rosary beads,Celtic scarves,all sorts of Tim paraphenalia,inserted before they were closed of.
For the last 2 months of the job,me and my squad would go in every Sat/Sun,bang in,then p— off,come back and bang out at 4 PM.Double dunt for Sat,treble time for Sun.Made an absolute fortune for the 6 months there.
Happy days.
!!Bada Bing!!/Catman,
Thanks guys.
This will be interesting.
If say Cifti and Connolly are charged will they miss the LCF or would an appeal allow them to play.
Árd Macha
During those non working weekends at Ibrox,I suppose I was “An unseen Fenian man”.
Yep,I sure was.
I see the old shrinking violet and Tinfoil Heid Numero Uno has protected his tweets.
Wonder what has brought about this sudden sensitivity?
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Turkey..,
Me too, summer job while at big school, taymech
Árd Macha-any appeals will be ‘fast tracked’,to the last week in July.
Ard Macha
They will be charged, will appeal, not proven, play next game.
Meanwhile big Virge gets done and banned for 3 games.