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
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- ...
- 29
- »
Sevco suspend llambias, leach and sandpit easdale, investigation pending, you couldn’t make it up lol
McTALL
Looking forward to meeting you in a week’s time,bud. Hope you have a good trip.
Re Cheltenham,I was once a star but now I’m all washed up. My mojo has gone. So avoid Ned Stark in the 3rd!
Thindimebhoy
They will need more than tradesmen to refurb ipox.
Im sure David Blaine or Paul Daniels would love to help:)
HH
Canamalar,
Cheers. No need for a CV or anything formal like that though.
it’ll be a tap on the shoulder job…
Bowling Masons Are Us CSC.
Árd Macha
Tonydonnelly67,
Fair do’s.
He’s a top mhan.
Some excellent posts today.
Hail Hail
swayno
12:08 on 10 March, 2015
Sevco suspend llambias, leach and sandpit easdale, investigation pending, you couldn’t make it up lol
Not another investigation ?
chairbhoy
I know a couple of his friends, that’s why accepted him, seems a Nice guy.
If Celtic’s business model mirrors TRFC does that mean that they do things the opposite way round?
If so that explains lots of things.
(shameless steal from bfbpuzzled on another site)
Tell you what….any scrap metal man worth his salt, will be watching the goings on at ipox very closely.
Loads of original Victorian fixtures and fittings to be had….guttering, beams etc.
Im sure the debris left from the demolition will raise a few quid.
Scope there for a huge car park and chippy.
HH
They don’t do working away. I think they know a song about that children.
HH
Cheers Bobby will see ya on the 17th for a small libation or 2 there is a Gallant Oscar going this afternoon. Might throw a few pennies on that in memory of the Wee man.
Come one, come all.
If you can hold a saw, brush or screw-driver; hammer a nail, run a cable, hold a ladder, clean a window, push a barra, carry a bucket.
Sevco needs YOU!!
Sorry no gardeners required. That position has already been filled.
Any news on progress regarding “Hauners for Huns” appeal ?
DIY SOS will be desperate to get involved.
McTALL
Quietly tipped on here last night. The trainer,Tony Martin,has done me a favour or two in the past.
Dun Doire,I got 10s,will live long in my memory. I battered it.
Think it was eight years ago,it has lived long in my memory!
Probably because I invested a fair part of the winnings in War of Attrition. Happy days,gone now.
Yosser Hughes just seen at Ibrox with 2 kids in tow, telling the commissioner, “Gizza job.”
McTall
Look forward to meeting you in Partick on Saint Patrick’s Day.
Safe journey.
Hail Hail
Phil’s up……
http://www.philmacgiollabhain.ie/the-miracle-of-ibrox/
Swally walks past pushing a wheelbarrow with a rake and a shovel.
Yosser points at him. “I can do that. Gizza job.”
td67
It’ll be an internal investigation and everything will be alright.
kevin hughes
Paul (stone)Mason
1st name on the team sheet or will he be the ref?
Sparky Hughes annaw.
James Forrest’s latest, article…………..
http://www.onfieldsofgreen.com/the-need-for-leadership/
CultsBhoy
11:50 on
10 March, 2015
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.
—————————————————————————————————————-
Looking at the deterioration of the team, on the park, over the last two games – and the dilapidation of the squad due to injuries and suspensions – I am sorry to say, that I can see this being the biggest and sorest disappointment of almost any season in living memory.
I can see us losing out in both cups and throwing away the title – I think the rot has set in and we are heading for a run of games that will be as bad, as the previous run was good.
The three matches to be played during the rest of March, will be the making, or, breaking of the season.
We go into the two cup games with a makeshift team and could then approach the league match with an almighty hangover.
Ronny is between a rock and a hard place – if he weeds out the likes of Stokes,Forrest and Guidetti and introduces Henderson, McGregor and Scepovic.. and we lose, he will ‘get it’ for dropping experience – if he keeps them in… and we lose, he will ‘get it’ for not dropping the trio.
This is a team who seem to believe that the season was over when they beat Aberdeen – add in the injuries and suspensions – I fear the worst.
dutch diy magnate, biljde smerjants are prepared to supply all stock at a big discount
delaneys dunky, should be a good night. looking forward to putting faces to names.
The sash windows my father painted.
Suspended due to not having a trade to volunteer in. The TVF.
Tradesman Volunteer Force
HH
alfie noakes
Do you have a large cloud overhead? Is it always raining on your parade?
Give the Hun tradesmen a few days….They will construct a wooden rocket and fly to the moon,. and when they come back, they will get to work in the new aluminium sevco laboratory with the aim of producing a revolutionary buckfast cheese.
With the proceeds……they will buy all the Man City and Chelsea players, and make them wear Rangers strips.
They will be paid 1 Billion Euros a day.
Then they will fly back to the moon and build Dave King and Paul Murray a palace made of gold.
Then….They will be back where they belong.
HH
kevin hughes
eden hazard for Health n Safety
Tom Mc,
The boys in the brown stuff :)
Alfie Noakes is an anagram of a soak felon. I suspect Alfie may have a Trade
HH
The Green Man
They could tap into the network of part time players/tradesmen they meet at games maybe even sign a few for next season.
A play while you work scheme
At half time they could give the dressing room a coat of emulsion
Bom dia from Madeira. Serious point re King talking about the dilapidation at Snake Mountain. Decoration is on thing, easily resolved, but other issues relating to the structure doesn’t happen overnight.
What was he doing about it in his previous life as a director, or did he not want to upset Minty? You would have thought he would want to protect his ‘investment’.
f.a.b. virgil
Or a craft?
;-)
HH jamesgang
Do zombies drink buckie? Surely they don’t fund a group of monastatians?
Genuine Question
HH
Thindimebhoy
It be like the scene from the sorcerers apprentice….Mickey Mouse with his Wizard hat on.
Sashes, bowler hats, brooms, cutlery, buckfast bottles all swirling around out of control in the ipox basement.
HH
The Red Telephone,
He might just say that he was kept in the dark by Minty about it.
If you don’t mind me asking, what’s the story behind your moniker? Is it music related?
Heard they were after Peter The Pointer but he told em tae gtf.