Went looking for this:
Following the money behind the beautiful game.
priceoffootball.com
"If Rangers qualify for the Champions League group stages, then they are likely to overtake Celtic in terms of revenue generation in a league where finishing second for either team is regarded as failure."
Some key points.
- Celtic broke even last year. But that was due to a £24mil sale of Tierney. Without that sale they make a £24mil loss.
- Celtic are unlikely to make any sales anywhere near that high this summer (and they would show up in the following year's accounts anyway?).
- Last season only a few games were affected by covid. This season the full effects of covid will be felt by both clubs.
- ~30k Celtic fans requested refunds for the partially completed season.
- Celtics prize money will be well down due to almost no positive results in Europe and coming 2nd in the league (they made a dodgy deal where the 2nd place team are now about 600k worse off than 1st?)
- Their terrible Euro performance means they dont share in any of the tv money for Scotland for the knock out stages. Before they would have got the lions share of that, this year we took it all.
We will of course see the effects of covid in our finances. But everything points to them being hurt more. Plus their poor results mean lesser prize money, lesser bonus payments on commercial contracts? and lesser merchandise revenue etc. The opposite is true for us - yes covid will hurt, but for us it will be offset to some extent by positive results on the field, how that affects prize money, tv money and commercial deals, #55 merch etc and the addition of the Castore and other contracts for this year.
As I say, I am not sure any "financial" gap currently exists. Both are in a poor state and they may have fallen to be just slightly worse than us taking all the above and in the link into account? CL groups this year is a possibility and league winners this year "
should" get automatic group stages next year. That could add 2 x 30million give or take to our revenue over the next 2 years and put us in a far, far stronger position.
I think we need to stop perpetuating the idea a financial gap exists. Their revenues are a bit higher, their costs are a bit higher and as such both teams will likely perform similarly poorly this year, probably Rangers a little better. CL groups plus league win could see us steal a real march in financial stakes. The fact that it is possible for us to overtake them in that area so soon is criminal for their club.