10 Apr 2012 19:57:56
Celtic's turnover is around 55 million a years Rangers turnover around 33 million per year.
What bank are you with to get 6%?
Anyone running celtic n rangers should be able to ecxeed 30m turnover , in my opinion there not being utilised to there full value comercially , i think if a real clever buisness man with innovative ideas comes in to either club they could take the clubs to new hieghts
Rangers turnover for 2011 was 57 million.
That must have been before tax ...as you dont pay any do you...
A good fund will serving a UK PLC will earn them 15% p/a on their cash today?
I'm a realist and Scottish football has seen its best days. Rangers WILL be liquidated as the debt is too great. All clubs in Scotland will have to function within their means. Celtic and rangers thought the premiership awaited them but it never prevailed. The next generation will not have the same interest in football and the overpaid players with their over inflated egos will find this insane era is not sustainable!! Mr Realist
I worked for an international car rental firm for 10 years which lost money year in year out. I didn't understand it until the business logic until I discovered that our shareholders were car manufacturers who used the car rental side ($3 billion p/a) as nothing more than a car showroom/marketing tool and it was part of bigger picture. That's the only model that football can fit into and be able to justify an investment, we have to be part of a sports portfolio on a worldwide or European basis. If not, it is good money being thrown after bad, or as previous poster said, rich man's ego.
On a realistic note there is always some fool somewhere willing to spend silly money on that ego trip. we'll see
How do you know rangers turnover, no accounts for 2011
Rangers turnover is 40+ milion if they do not qualify for group stages of CL, and 50+ million if they do. Their recent operating costs are over 50 million, a new owner will knock this down to 40+ million.
D&P described their gross turnover for 2011 as £45m cost v £35 turnover.
Agree with the post that Celtic & Rangers are not marketed properly. I am in Singapore right now and all over Asia its Man Utd, Arsenal, Liverpool and Chelsea (Man City starting to come more). The EPL is massively publicised (check out singtel). Unfortunately OF dont have the finance to push the publicity more. You have to speculate to accumulate.
Rangers turnover in there last released audited accounts was 33 million this is the reason the club is in trouble. This was confirmed by then chairman Alistair Johnstone.
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