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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Kevin,
Would they all use the tradesman’s entrance?
A wee bit of German help for Sevco
Andy(man) Thom
Apologies, that is pretty poor
Wheelbarry Ferguson
Iki,
Cheers mate, I just noticed that, email sent.
What’s wrong with these English commentators fs?
Hoping against hope.
HH.
Another for walsh
Marrakesh Express
13:25 on
10 March, 2015
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Phone DFDS as if a new customer and ask them if they have any economy cabins available at the time of your booking. If they have then phone them back and tell them you know that it is not only de luxe cabins that are available at that time.
Ally McJoist…
Sandy Easdales spokesman states : that there is no power in Scottish law to suspend a director .
Don’t know if this is correct, but The farce has a long way to run.
HH.
Bob Zimmerman…
Would buying a few shares in a crucifix manufacturer be a nice little earner then?
Union jack of all trades :)
They could suspend them from the bliddy rafters!
Chancers sum of them.
Alasdair MacLean
14:20 on
10 March, 2015
Bob Zimmerman
is that boab malcolm ye mean
Alfie
Apologies for delay in responding…
as you point out it can go 2 ways. I happen to believe Ronnie is setting benchmark players among the team to test the slackers in our squad. Many of whom had it relatively easy under Lenny as they were dead cert starters. New broom new expectations will see these guys weeded out. Remember there are guys in our reserves who would be best players in Aberdeen and Dundee Utd teams that are not yet on our radar.
I’m looking forward to next few games as this is the time to do business and the weaker characters will be exposed and moved on.
I’m also loving the very late realisation that we have easy pick talent within our own league to plunder.
I heard years ago that the goalmouths are adorned with crucifixes, medals et al when they were putting in the pipework for undersoil heating. Remember telling this to some of the them after another CL nightmare at Ibrox and the blank expressions.
With the rumours of asbestos at Ibrox the spacesuits will need to be plentiful supply. As the home of Moonbeams and spaceship floating stadiums I dont envisage this will be an issue for the GSL.
Davie Hodds and Aemon Batten
Kevin Hughes,
I was more along the lines of Bob Dylan’s real name meaning the same as a German tradesman….but I see what you mean!
Didier 6 x 2
ernie lynch
08:55 on
10 March, 2015
So boys and girls, who do we hate more today, Jackie Mac or Jim McInally?
—————————————–
Andy Walker!
Bad things should happened to bad people ,
Therefore used to wonder how The Forces of Darkness managed to become “the most successful team in the history of all things football ……..ever”
Turns out Tims have been planting Crucifixes in the girders , Holy Medals behind the tiles , sprinkling Holy Water in the water system.
Mordor seems to have more Blessed items than Lourdes.
We have only ourselves to blame.
Also , if you remember at the time of the Administration event over at the it was discovered that Feb 13th is the feast day of St Huno ( and I did not make that up)
The Onlooker
Quantum
Will do, ta.
Sevco line up 4 by 2 by 4(inch)
https://twitter.com/cartujakds/status/575294297400082433
HH
Gallant Oscar or What a Warrior in the next at Chelters, might even do a wee reverse forecast
Bonnie Tiler?
Wage cap? Budget? No FFin’ way:
“We need to stop thinking spending money is a shameful thing.
I’ve seen numerous references to a wage cap of £2,000 per week, or contracts weighted heavily against success…. it’s all nonsense.”
——
“Wave caps (especially at the £2k level) would do nothing more than hamstring the club.”
——
“Collectively we do need to remember the old adage that you can spend your way to bankruptcy but you cannot save your way to prosperity.”
——
“more often than not it will be clubs with stupidly low wage caps that go into administration.”
——
“we are expected to show contrition about signing world-famous players and a section of our fan base seem to have downsized their ambition to avoid a ‘repeat’ of the last few years.
This myth that RFC spent more than it could afford is flimsy, and peddled by our enemies, and it needs quashed.”
——
“Correct, don’t let anyone peddle the myth that player wages caused our financial woes, they did not.”
——
“That’s where Rangers should be asking the players, “how does European football sound?”
That’s got to be the angle we approach…”
——
“When are Rangers fans going to stop insinuating that overspending is the reason for our woes over the last few years?”
——
“Aberdeen’s average wages for the first team are probably 2-3 thousand tops at the moment for a comparison”
——
“Are you suggesting Aberdeen as an appropriate benchmark for our budget and accomplishment levels?”
——
“l don’t see how comparing us to diddy teams like that is relevant.”
——
“Yip, it almost feels like some have been told often enough that we put ourselves where we were because of overspending and are starting to believe it”
So who is in the Sevco club, and who is in the Sevco company?
Have you noticed how there are suddenly two Sevco’s with Llambias and Easdale outside the blue room suspended from the marble staircase.
“Wave caps (especially at the £2k level) would do nothing more than hamstring the club.”
Better get a bigger ‘wave cap’ , there’s a tsunami coming your way
Compliance officer at T minus 14 and counting.
Have they doubled Virgil’s red card for appealing yet?
weet weet weet(GBWO), Marrakesh Express,
The crucifix and holy medals in the Hun holy places must be a Glasgow tradition then?
Another source who worked beside the Tic plater confirmed the story and said he tack-welded literally hundreds of them into nooks and crannies in the connection points of joists/beams he was working on.
Nice little number about 3/4 of an inch long from 3mm thick mild steel.
Gives a whole new meaning to the lyrics of the Holy Ground.
I always thought that song was about Cobh and it is really about Govan!
The each way cash is returned on Gallant Oscar at 10s, think a few posters were on at 14s yday, any return at Cheltenham is always handy, school run beckons, please keep the laughs about Sevco coming, I know it’s a CeltIc blog but it’s always nice to laugh at the desperation of “the people”
the johnatron
13:28 on 10 March, 2015
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!
~~~~~~~~~~++~~~~~~~~~~
You also forgot about the Clerk of Works,and former Italian left-winger,Fectifano.
Kris Boyd
Well…..hes like the side of a hoose.
Just when you thought it couldn’t get any funnier they make Chris Graham a Director.
Really funny on 5live there, John Inverdale uses the C word
BOURNESOUPRECIPE
Naw,shoooooorly yer having a giraffe?