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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thinking back on what syd said earlier about thems trying to sign Deco [rater] just thought they might try and sign rab the brickie and calvin plummer as well
Ibrox refurb staff arriving for work
bournesouprecipe
10:14 on
10 March, 2015
What on earth could possibly go wrong?
Enough.My sides are aching.Soooooooo funny.
Turkeybhoy
11:17 on
10 March, 2015
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”.
=========================================
Well that explains why the Sevco fans are in a state of shock after every game at Ibrox.
I bet ra bomber is at ipox as we speak….with a pair of overalls on.
He will be scrubbing the ipox stairs and foaming at the mouth like a rabid pitbull.
C,mon ra bomber…get intae them.
HH
“If say Cifti and Connolly are charged will they miss the LCF or would an appeal allow them to play.”
Ard,
Cifci is banned from final regardless.
If conolly is banned for diving I’m guessing it’ll be competition specific.
HH
On a different note £1 will get you 1.40 euros
Good news for the holidays in 2011 the currencies were about equal
Canamalar
11:21 on
10 March, 2015
Turkey..,
Me too, summer job while at big school, taymech
Can you remember the wee Hun who operated the lifts.Hilarious,ugly wee cretin.
Naw but I remember Hurlock chasing a scaffolder off site
I have a feeling that the Douglas Park & Co are wary of Dave Kings motives. If he delists from AIM all fical transparency will be gone and it will be on an absolute need to know basis. King is already stating for public consumption he will put in £10M if Park & Co do so. This is the acid test for these guys –do they trust King with their money.
Its one thing buying shares where a return can be expected. Its entirely different giving a convicted criminal £10M — that is a glib and shameless liar to boot.
Park & Co are not naive so will want assurances, check and balance etc. Delisting is the first step to removal of transparency.
Lets see how it develops but I would not be surprised if there is a split in the camp. King will use Murray and Gilligan as stooges to deal with the gullible.
Tons more fun to come without even mentioning Big Mick or Queen of the South !!
thindime you had to put a damper on things. that will cost all the huns europe fans more to come to glasgow for the repairs
Was tubing the exec boxes and the first day was shown DM’s box, was told they were fitting a trampoline so he could jump up n doon when they scored.
catman
11:10 on 10 March, 2015
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
~~~~~~~~~~++~~~~~~~~~~
I’m surprised at the timescale in play for that. Pretty sure it has previously been three days.
Either way,it is very difficult for the Compliance Officer to charge Butcher as it effectively prejudges Paton’s appeal.
Ciftci may be different,but suggests that the original incident caused the follow-up,so the highly-respected referee was at that stage not in control of the match.
I doubt either player will be cited. Nor Connolly. Evasive action.
Turkeybhoy –
Reminds me of a story about “doing the dirty at Ibrox”.
Before I start, I must stress that I am not proud of this. Well not too much.
It was the drive back from the Rapid Vienna debacle at Old Trafford. My mate Billy (Tiny Tim knows exactly who I am talking about) was driving and we had made a couple of stops on the way back to Linwood, so much so that as we drove along the M8 through Glasgow, it was daylight, although very early.
Billy turned off the M8 near Ibrox for more petrol and some ginger. Our thirsts suitably quenched, I detected a conspiratorial glint in Billy’s eye. I had seen this before and I was worried. Within a minute he had parked right outside the front door of Ibrox.
“Let’s go home Billy,” I protested.
Billy got out and started pissing through the shutters. There were 2 shutters with a gap of a few millimeters down the middle. IT was the main entrance to the Big Hoose. Billy peed for ages right into the gap. By this time I was now desperate for a dump. I swear to God it wasn’t planned. I really couldn’t wait. I got out of the car, looked up and down the deserted road and dropped my kegs before dumping my cargo on the pavement.
I thought that was that but no.
Billy, because of his job, just happened to have a box of surgical-style plastic gloves in the boot. We both put on a pair and looked down at the steaming pile of brown stuff. Yes, you’ve guessed it. We spent the next few minutes smearing my turd all over the shutters. It was a complete and utter stinking mess.
Billy even managed to scrawl IRA with the excrement. We ditched the gloves.
“Can we go home now?” I pleaded. This time my voice betrayed my discomfort as I surveyed the many houses at either end of the street.
I swear it wasn’t planned but it was just one of those situations that sort of grew legs from the moment I recognized that mischievous glint in Billy’s eye.
For weeks I shuddered at the thought of what might have befallen us if we had been caught. On the plus side, we dined out for years on the back of that adventure.
Clashcitybhoy
23:40 on
9 March, 2015
My tuppence worth on Jackie Mac leaving us is quite simple.
There was fault on both sides – good player, good captain
*exactly, I never said he wisnae and loved when he gubbed hhhhhately.
However, I doubt he was a fan, no different from the big Leith soup taker up in Inverness who also was a good player for us but still a Hibee, Pat Stanton tae who barring injury could have gone on to be a Celtic legend, wee Leigh’s the same and has actually said he was born a Hibee and will die one.
There are players who come to us NOT Celts but leave as ones. The Big Mhan comes tae mind when he said his first love wisnae Celtic (actually it was the deid team) but it will be his last.
Wonder if that was true at the end when he was dumped as I believe it was a while before he returned, even in his Scotland Manager capacity.
My issue with Jackie Mac is that he bad mouthed our captain, another former Hibee who I think will leave our club a Tim, and is looking at getting him retrospectively banned.
Too much sour grapes for me by the former Par. BTW isn’t his da a self proclaimed Hibee. At least the player he replaced was born and bred a Hibee and is descended from a Hibs founder.
Well that’s another day gone, and still no word on the dees? I honestly don’t get it, you would think ( normal Journalsts) some one would be asking, and of course the SMSM are avoiding it like the plague, do you think it’s because Whyte is still under investigation? I can’t make head nor tail of it.
Dees=deeds
I bet wee Mrs Budge has been on the phone to Dave King already.
Pledging some Jambo plumbers,electricians,and plasterers for Refurb Aid.
Im sure Sir Bob Geldoffness is right on the case.
Status Quo still to confirm.
It will be better than Glastonbury….Refurb Aid.
HH
quantum
11:26 on
10 March, 2015
Turkeybhoy
11:17 on
10 March, 2015
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”.
=========================================
Well that explains why the Sevco fans are in a state of shock after every game at Ibrox.
Indeed.Should have seen the crack when we were pulling the cables.Heavy fekers.We deliberately kept trying to pull them across the side of the pitch,the groundsman was going mental.
So funny on here today.Mrs TB keeps looking over as I giggle away like an eejit.
does anyone actually know what paton was sent off for.
maybe it wasnt mistaken identity, maybe he said something to the assistant to warrant a red. maybe the assistant didnt actually see what butcher done and dragged him away from VVd
kevin hughes
They can offset the repair bills by selling some of their galacticos
Oh wait
They need a new team
chuckle chuckle
Who cares aBout King and co?
The truth will out. Let’s focus on our own team.
We are in the throes of exciting times. Our own truths are emerging with regard to certain players and what the team will achieve this season. My over all sense of Ronnie now is that he has put Johanssen in as a new benchmark. I see guys like Griffiths reaching it. I see others who won’t. Ronnie sees this too and they will part company in the summer.
We need to find a SJ for our defenders to benchmark themselves against. We do that then we will prosper in Europe next season.
The Green Man,
On day 2 we will have The Larkhall Defenders,The Belfast True Blues,The Airdrie Loyalis FB.
Orange Band Aid.
Morning all, counting down to getting on the plane Friday night and seeing the bhoys in action on Sunday, can’t wait. Anyone got any tips for cheltenham to feed my minor vice of having the occassional flutter?
Árd Macha
Ciftci is out final anyway got his 2nd yellow in semi win over Dons.(I Think)
the disciplinary procedure of this shower is a joke.
cultsbhoy
11:50 on 10 March, 2015
Who cares aBout King and co?
The truth will out. Let’s focus on our own team.
It’s called laughing at thems, you don’t like that?
Cifci is already banned for previous bookings is he not?
Some of the one liners this morning are side splitting haha
Ciftci is definitely banned already from the LC Final.
right lets build them a team lol
so far we have
Rab the brickie
calvin plummer
Deco [rater].
think there used to be a thatcher played for millwal
Tonydonnelly67,
See big Dub liking your FB page, do you know him?
Hail Hail
I think we might be a bit over the top criticising the Huns for helping out. In a few short months they could have a world class stadium. Think about all the times Sevco have called on their fans to invest in the club and remember the numbers ……ahhh
Thanks guys for all the responses about the Compliance Officer charges, appeals etc.
I’m not really up to speed on the governance and regulations.
I think I’ll apply for Campbell Ogilvie’s position at the SFA.
Árd Macha
Ard…,
Your eminently qualified then, get the cv in
Talking to an colleague at work yesterday, an arab, he too disappointed with state of pitch at tannadice on Sunday, reckons utd would have played long ball tatics even with 11 men on the park. Although RD would never entertain this type of play I was proud of the way the bhoys tried to play the game on the deck. This pitch problems has to be addressed, not only at tannadice, barca would struggle on these tattie fields
Turkeybhoy
Im loving it….they are the daftest fans in world football.
Pure Entertainment at its best….and I thought Breaking Bad was good.
I have been laughing so much today, fantastic to see their stupidity spiralling out of control.
Hilarious/
HH
The Sevco refurb is no laughing matter
They have 500 million fans worldwide so even if a fraction of them are tradesmen they would have more than enough to repair the place
They could even flash mob this and have it done in a day
chairbhoy
No can’t say that I do.
Bumped into sevco fan on his pilgrimage to ipox with pick and shovel and he asked me if there was a B and Q in Alloa. No i said 2 As and 2 Ls