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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f.a.b. virgil
Genuine-ish answer…….they probably don’t mind proddie monks (just don’t be calling the monkey mind) it’s just the Kafflik ones they can’t abide.
HH jamesgang
Teddy Bear and Sons ( of struth)
Builders and Masons
philbhoy
12:30 on 10 March, 2015
td67
It’ll be an internal investigation and everything will be alright.
Awe I’m sure it will be
Ian Black is sweating…does he stick and keep taking his £5K per week for doing hee haw or does he put in a quote to paint the bigot dome? Decisions decisions….
T4
A guy from IKEA walks into Ibrox.
“I’ve come in answer to the ad. Ma mate says you got a loada glueless kits need sortin oot.”
Auf wiedersehun pet…..
tom mclaughlin
12:27 on 10 March, 2015
Yosser Hughes just seen at Ibrox with 2 kids in tow, telling the commissioner, “Gizza job.”
New manager ?
Jamesgang
Ta. Didn’t realise Buckfast Abbey was C of E
Buckfast Abbey is Benedictine monks, so Catholic.
RobinBhoy
12:31 on
10 March, 2015
James Forrest’s latest, article…………..
http://www.onfieldsofgreen.com/the-need-for-leadership/
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Well written article, however I must make two clear points –
1) We MUST get it into our heads that, like it or not, there will ALWAYS be a ‘Rangers’ in Scottish Football and they will, due the size of their constituency through Scotland, and they will, more often than not, be near the top of the pile. For us to try to argue ‘Rangers’ out of existence is ludicrous – we are a 17% minority in a deeply sectarian little insular country.
Peter Lawwell is lambasted because he has accepted the ‘Rangers’ fact – not to do so would mean that he was not doing his job by positioning Celtic to meet the challenge that will eventually come somewhere down the line.
2) There seems to be a call to Holyrood to do something about the finances of the Scottish game – how on earth could a government supposedly governing for all the people, countenance pouring money into clubs – money that will only end up in players pockets.
We are where we are and must cut our cloth to suit – there are only six teams in Scotland that you could truly call top professional entities and three of them are in the second tier.
Clubs like St Mirren, St Johnstone, Hamilton, Ross County, Kilmarnock, Motherwell, Inverness, Partick and Dundee, would be lucky to raise 30,000 fans between them – these are part-time teams who are kept afloat by the very TV deal that impoverishes Celtic.
In Scotland, in football, we kid ourselves on that we are way better than we really are – we also tend to do this in almost everything else that makes up life in our small country.
Let’s forget all the ‘wha’s like us’ tripe and deal in realities.
Re the voluntary work at Ibrox.
I worked with a plater from Glasgow who had been employed on structural steelwork at the home of the Hun and he told me of how, at every structural joint he fixed he welded on a small crucifix.
He must have saw the incredulous expression on my face as he went into his pocket and drew out a small sheet metal crucifix, one of the hundred he had punched-out of a sheet of thin steel for his Ibrox project.
As well as being a Tic fanatic he was a devout RC.
JK, if you read this blog you know this is true because you were that soldier!
http://www.philmacgiollabhain.ie/the-miracle-of-ibrox/
oor phil taking the micheal oot the manky mob
alasdair maclean
12:54 on 10 March, 2015
Auf wiedersehun pet…..
———
Unadulterated comic genius!
HH jamesgang
they really dont get it at all.
they get rid of the brilliant whyte and now they are calling in painters.
Real life imitates The Simpsons.
Lyle Langley, the all-singing all-dancing monorail salesman, was last seen in a French hospital, dabbing his eyes with £50 notes.
Now it’s Dave King’s turn…
Remember when Homer Simpson ran for Sanitation Commissioner on the back of “crazy promises” and the slogan “Can’t someone else do it?”.
Dave King wants – err – someone to bankroll “Rangers” into competing with Celtic. Not himself, for… reasons. “Can’t someone else do it?”
At the end of that episode, the whole town had to move to escape the problems Homer created. I wonder if Queen’s Park fancy a lodger?
Doh! (thumbsup)
Investigation at Ibrokes is similar to Nero Fiddling while Rome burned everyone has been fiddling at Ibrokes. H.H.
The Green Man
Sashes, bowler hats, brooms, cutlery, buckfast bottles all swirling around out of control in the ipox basement
Sevco Sorcerers Apprentice
Jim Gilligan said he is a joiner to trade !
HH
tom mclaughlin – We spent the next few minutes smearing my turd all over the shutters.
Billy even managed to scrawl IRA with the excrement.
Whenever I’m doing a furtive jobby, I like to arrange it in a dashing “Z”, in homage to Zorro.
I like to think that Interpol’s finest detectives pore over the evidence, thinking “damn that Scarlet Poopernel!”
On the plus side, we dined out for years on the back of that adventure.
I hope you washed your hands. :( (thumbsup)
The police investigated Tom’s crime but were simply going through the motions.
Guys, anyone give me a bit of advice here. I just paid for a 2 night cruise on DFDS ferries Newcastle to Amsterdam, on an Itison deal.
Once I’d paid I tried to book a cabin but the only ones available are an extra £208 (deluxe seaview). From now till the end of valid period there is nothing available. Terms and Cons say non refundable. Surely they cant get away with this.
Thanks in advance.
syd negakev – Thur’s been a turder! (thumbsup)
kevin hughes
11:58 on
10 March, 2015
right lets build them a team lol
so far we have
Rab the brickie
calvin plummer
Deco [rater].
++++++
Surely you have to add the famous Dutch left-back Bob de Bilde!
marrakesh express – my advice is, if you see Shelley Winters or a chubby English lass and a wee blond fella with an atrocious Oirish accent, don’t get on the boat. (thumbsup)
Billy Spark
Useless Cheltenham fact…
Tony McCoy has never had a winner on the first day since 2010
You should have seen the look on the polis feces.
The workers at Ibrox better watch out when handling the best thing in their stadium: the as-best-os.
Stuart Slater
having read Phil’s piece the new slogan has to be “keep calm and continue marching”.
Simply Asbestos.
Ian Paint-John
Wynton Roofer
The penalties for turd vandalism increase excrementally.
Thanks to the bhoys who put up Douvan 3/1 at Ladbrokes,won @2/1
They need a new slate.
Phil
;0)
bournesouprecipe – You should have seen the look on the polis feces.
They have plenty of raisins to catch that mystery pooper.
“Rangers” announce new mascot:
http://upload.wikimedia.org/wikipedia/en/5/5f/Mr_hankey_the_xmas_poo.jpg (thumbsup)
I didn’t find Tom’s story about having a crap in the street, then scrawling IRA on a building amusing at all.