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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Regards the latest farce of suspending the 3 from the board.This looks like open warfare against MA and his men.Dont think Mr Irvine would be so wrong when he says it is against Scots Law.Hopefully MA will be suitably miffed enough to order the Newcastle loanees,who have not appeared,I think 3,to never turn up,and the other to stay injured.
Without any new players this shower of duds have no hope of promotion.
It gets better every day.QOTS are a decent wee team,and fighting for a play off place.Could be another kick in the Toy Dolls for the Huns tonight.
We can only hope.
Celtic 1-0 ( McMullan scores )
That’s like PL appointing KevJungle to Celtic’s board (bored).
Amazing.
50,000 triumphant sevconians turn out to watch their heroes take on the mighty fellow promotion chasers QOS, only to quickly realise, the football on show is akin to watching royal blue paint dry.
BSR
They said they would put a fan on the board but must have forgotten the ny at the end .
Apparently that Chinese striker Bang Wan In, is a joiner by trade.
Now we know why tinfoil heed has privatised his tweets.
Honestly you couldn’t make it up.
bournesouprecipe
Just when you thought it couldn’t get any funnier they make Chris Graham a Director.
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He will fit in well at the bigot dome, this is the guy who has a list of hun ‘enemies’.
Got my CQN11 tickets today…….. WHOOPPEE-DOO..!!!!!!! ….look forward to putting faces to monikers……
Does Chris Graham run a construction company or something?
borgo67
I’ll tell your brother, you naughty bhoy!
Hope you are well!
Ok thats enough from me.
At work time wasters cannae be beat :)
If they get beat tonight .. Will the ‘daily redcoat’ be papering over the cracked crest ???
Wonder who sky will interview everyday ootside the crumbling shell now.
Does anybody know if Lustig and Mulgrew will be fit for Sunday?
From billionaires to bigots.
TheGift CSC
Thunder
Behave.
Tinfoil heid will be hoping nobody has C&P his rants about enemies:)))))))))))))))
Who’s tinfoil heid?
leftclick
He hopes in vain;
On Neil Francis
“Looks like the Lurgan bigot is away. He won’t be missed
unless they appoint Gerry Adams as his replacement it
should be less offensive ”
Chris Graham
leftclicktic
That would be a pity.
http://www.twitlonger.com/show/n_1sj1s1j
philbhoy
He lurks on here so I try to be careful.
I am well , it’s been a good week so far. Hope all is well with you .
bsr
I was being serious!
I thought Lustig was only going to be out for a few weeks and i had heard that Mulgrew was close to being back.
Or this one
@RhebelRhebel: The man who knew too little: @ChrisGraham76 http://t.co/aROvObOunV
borgo67
Wee one was 15 last week! So we’ve had a busy few days.
Only casualty was my wallet!
Everyone well thanks!
Tell your wee Sis and AM I was asking!
Take care!
Chairbhoy 10:22
spot on with the psycotic behaviour panning into psychosis,
they just dont do insight.
they never have,wolverhampton,newcastle,leeds,birmingham,colchester,barcelona,
and a worldwide audience at Manchester testify to that.
each step onwards in their dignfied return from a very undignified liquidation is another step on for law breaking and criminality,
all under the watchful gaze of our governing corpse.
It happened.
To me their history,tortuous as it was for a club running a sectarian hate policy at that time,it is questionable in financing running of and governance from day 1 of his takeover in 1988
David Murray,
….suprised he’s not back.
maybe as an advisor on how to liquidate?
HH
3 for walsh
Very sad to see such a legend as Ruby Walsh cheating at the Cheltenham festival;
…driving a disguised ferrari round the track and pretending it’s a horse called Faugheen…
See he has Yossers friend Magnum as his PP.
http://img.youtube.com/vi/BpGiUNqXUCQ/0.jpg
philbhoy
Will do.
Happy birthday to O hope she had a lovely time , wait till next year the wallet will be on fire.
Thunder
Sorry I was being flippant.
Mikael Lustig always takes longer than the official Celtic estimate, and
I haven’t heard about Mulgrew.
Bitton is doubtful (but it’s only Tuesday) and VVD is suspended.
So since the DU game weve had an article about the ref/linesman, and one about sevco as well as loads of comments about cards, dives etc.
There hasn’t been a lot of discussion about how crap we were (and spare the fact that their keeper was MoM). We couldn’t even take a corner.
PravdaQuickNews r we?
Dubaibhoy……
You obviously weren’t on here Sunday and Monday.
bournesouprecipe
Syd Negakev
lymmbhoy
You’re all too quick ,I was just in the middle of finding his bile in my saved files and walllllllllllaaahhhhhhhhhhh.
A Director
somebody seriously hasn’t thought this through.
yadancer :)))))))))))))
Chris Graham: Rangers fans spokesperson, STV regular and purveyor of hate and lies.
“It seems that the debutant into the world of literature has evidence to pin the blame of a major blaze at Bruces’ bus depot at Salsburgh on Celtic fans.”
Monaghan
I have enjoyed your posts from the darkside but I’m afraid the posts at 14:42 have made me realise you are making them all up…
This myth that RFC spent more than it could afford is flimsy, and peddled by our enemies, and it needs quashed
They can’t be that stupid
From SFA website
Ciftci issued with complaint; two Fast Tracks received
Tuesday, 10 March 2015
The following Fast Track Player References have been received and will be dealt with by a Tribunal on Thursday, 12th March 2015
Player: Paul Paton (Dundee United)
Match: Dundee United v Celtic (Scottish Cup) – Sunday, 8th March 2015
Case: Claim of Mistaken Identity (Sending-off)
Player: Virgil van Dijk (Celtic)
Match: Dundee United v Celtic (Scottish Cup) – Sunday, 8th March 2015
Case: Claim of Wrongful Dismissal (Violent Conduct)
The Compliance Officer has issued the following Notice of Complaint:
Alleged Party in Breach: Nadir Ciftci (Dundee United)
Match: Dundee United v Celtic (Scottish Cup) – Sunday, 8th March 2015
Disciplinary Rule(s) allegedly breached:
Disciplinary Rule 200: In that at the above game you committed an act of Violent Conduct and deliberately kicked an opposing player, Scott Brown of Celtic FC, upon the head.
Fixed Suspension offer: Yes – two matches (one match to be served immediately, irrespective of competition, and one match to be served in the Scottish Cup).
Principal Hearing date: Thursday, 12th March 2015
Mr Ciftci has until 3pm on Wednesday, 11th March 2015 to respond to the complaint.
Dubaibhoy-Ur they still deid?
15:31 on 10 March, 2015
So since the DU game weve had an article about the ref/linesman, and one about sevco as well as loads of comments about cards, dives etc.
There hasn’t been a lot of discussion about how crap we were (and spare the fact that their keeper was MoM). We couldn’t even take a corner.
PravdaQuickNews r we?
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Hardly Pravda – you’ve just had free comment on how crap we were. Feel free to batter away on that subject but you might be a few days too late. Or do you mean that you expect Paul67 to somehow reflect your view of the game?