Celtic’s Financial Results 2023

[Virgil Hilts]

Is it quoted anywhere what:

their COVID compensation was

their operating costs are

their match day revenue is

Cheers

 

[Loyalja]

I don’t really care about Gio but I think the vast amount of fans need to rethink what is deemed a success or maybe to be more accurate, failure.

Absolute madness to consider success to be achieving Champions League football.

At the end of the day our club is all about winning trophies, that is our measurement of success. Qualifying for the champions league is a good and important feat, however it can't be deemed a success when we are getting spanked every game in the group stages.

That lot are on the brink of matching our trophy haul - that is significantly more important than gaining access to the champions league. Let's get back to winning trophies domestically - and enjoy the fortunes that brings - before considering qualifying for champions league a success.

 

[Man on the post]

It's absolutely sickening our success in Europe in recent years driving up the coefficient, getting automatic entry into the CL then blowing the league giving them the entry, pushing them further ahead.

That is absolutely on the board, their inability to consolidate in times of success is scandolous - some figures have moved on but the overall attitiuude is very lazy at senior level.

 

[the architect]

Absolute madness to consider success to be achieving Champions League football.

At the end of the day our club is all about winning trophies, that is our measurement of success. Qualifying for the champions league is a good and important feat, however it can't be deemed a success when we are getting spanked every game in the group stages.

That lot are on the brink of matching our trophy haul - that is significantly more important than gaining access to the champions league. Let's get back to winning trophies domestically - and enjoy the fortunes that brings - before considering qualifying for champions league a success.

Not sure if you’ve missed my original point or not but to clarify we are in a thread about their significantly better finances and I pointed out that right now if we want to get back even with them then we need to do it off the field and by not reaching the CL groups 2 out of the 3 years it was possible it has cost us dearly.

If we want to compete with them we need to be competing off the field it’s that simple. The longer their finances dwarf ours the longer a league win once in a while to keep people like you happy clapping will continue.

 

[Brookfield Bear]

Ok their finances are good but I don't see it as being a massive difference on the park,they are shopping in the same market as us when it comes to transfers.nobody in Scotland is paying 15-20 million on a player,these players don't come to our league.
It's about being smart,scouting half decent players and selling at a profit. They obviously are better than us currently at that side of things but we don't help ourselves buying shite.

Not a massive difference on the park? Are you crazy? Have you watched the last 12 years?

In the summer they spent £20M, attracted a EPL manager and signed their main players to new contracts. Unfortunately, they are already 4 points ahead.

There is a correlation between on and off field performance and the team with significantly more money will win significantly more titles.

 

[Virgil Hilts]

Not a massive difference on the park? Are you crazy? Have you watched the last 12 years?

In the summer they spent £20M, attracted a EPL manager and signed their main players to new contracts. Unfortunately, they are already 4 points ahead.

There is a correlation between on and off field performance and the team with significantly more money will win significantly more titles.

Sorry to bang on about this.

U til very recently we have had ab MD who only got involved n football to oversee the running of Motherwell to be John Boyle's eyes & ears, whilst they were in hawk to Boyle.

 

[Brookfield Bear]

Is it quoted anywhere what:

their COVID compensation was

their operating costs are

their match day revenue is

Cheers

Covid compensation is not directly quoted but Covid and compensation for fat Ange was £13.5M. I think it would be reasonable to suggest £3.5M for the manager and £10M for Covid.

Operating costs were £94.5M

There is no match day category but football and stadium operations brought in £51.5M for them.

 

[NDC bear forever]

How are we supposed to compete with that? They will add another 30-40m CL money onto that plus any they make from player sales.

We struggle to offload players and when we do they are small fees compared to that lot. financially we are light years behind them.

The executives at the club have had 8 years to have implemented something resembling a coherent footballing department

Instead, 8 years down the line and we’ve gave a rookie manager full control over recruitment and a CEO not exactly convinced of the importance of a DOF

We could and should be MILES ahead of where we are currently.

 

[Brookfield Bear]

Sorry to bang on about this.

U til very recently we have had ab MD who only got involved n football to oversee the running of Motherwell to be John Boyle's eyes & ears, whilst they were in hawk to Boyle.

Genuinely not sure what the point is that you are making here?

 

[Nibs]

Not a massive difference on the park? Are you crazy? Have you watched the last 12 years?

In the summer they spent £20M, attracted a EPL manager and signed their main players to new contracts. Unfortunately, they are already 4 points ahead.

There is a correlation between on and off field performance and the team with significantly more money will win significantly more titles.

Them being 4 points clear in the league has buggar all to do about them spending 20m,we get our shit together and we can challenge with the right manager tactics players,uve missed the point completely

 

[the architect]

Them being 4 points clear in the league has buggar all to do about them spending 20m,we get our shit together and we can challenge with the right manager tactics players,uve missed the point completely

Yeah but the easy option manager we appointed with no experience and zero net spend this year and a huge profit on transfers the previous summer has something to do with it.

 

[wee bud's pit boots]

Ok their finances are good but I don't see it as being a massive difference on the park,they are shopping in the same market as us when it comes to transfers.nobody in Scotland is paying 15-20 million on a player,these players don't come to our league.
It's about being smart,scouting half decent players and selling at a profit. They obviously are better than us currently at that side of things but we don't help ourselves buying shite.

We don't help ourselves because we have no one on the board that are football people.

There has to be two distinct bodies.

The football people.
The money people.

Even the money people are just treading water.

The football people, and I believe there is a cross contamintion here between the football and money people are killing us with their ineptitude.. They simply do not have a clue how to take us forward. They do however, seem to have the recipe in having us standing still. Forever, standing still, down pat.

 

[Nibs]

Yeah but the easy option manager we appointed with no experience and zero net spend this year and a huge profit on transfers the previous summer has something to do with it.

I don't disagree with you,but that's on us,not much to do with them spending 20m,do you think they look a 20m better team than us? I don't.
We possibly do have a decent squad but not the man to manage it.ive went off topic here so ill bow out.

 

[Loyalja]

Not sure if you’ve missed my original point or not but to clarify we are in a thread about their significantly better finances and I pointed out that right now if we want to get back even with them then we need to do it off the field and by not reaching the CL groups 2 out of the 3 years it was possible it has cost us dearly.

If we want to compete with them we need to be competing off the field it’s that simple. The longer their finances dwarf ours the longer a league win once in a while to keep people like you happy clapping will continue.

The fact of the matter is that in order to get into CL groups you need to win trophies to really stand a chance. That is something that we are not doing and learn to do first.

I refuse to believe that we need to match them financially to be able to compete with them and surpass them - good recruitment, coaching and an actual strategy behind our plans is far more important than our financial situation. Its been openly stated on numerous occasions how Smiths tenure 2nd time around we couldnt compete with Celtic financially yet still he had them by the balls through the above mentioned.

As for the happy clappy comments... think its clear they are well off the mark when supporters like myself consider the club we loves foundations are all about success and trophy haul, rather than qualifying for a champions league group stage. Their is no reason why we can't get back to winning trophies on the regular if the correct foundations are in place.

 

[the architect]

The fact of the matter is that in order to get into CL groups you need to win trophies to really stand a chance. That is something that we are not doing and learn to do first.

I refuse to believe that we need to match them financially to be able to compete with them and surpass them - good recruitment, coaching and an actual strategy behind our plans is far more important than our financial situation. Its been openly stated on numerous occasions how Smiths tenure 2nd time around we couldnt compete with Celtic financially yet still he had them by the balls through the above mentioned.

As for the happy clappy comments... think its clear they are well off the mark when supporters like myself consider the club we loves foundations are all about success and trophy haul, rather than qualifying for a champions league group stage. Their is no reason why we can't get back to winning trophies on the regular if the correct foundations are in place.

You’ve missed my point then. We qualified for the champions league the season we didn’t win the league. The season we did win the league we failed to qualify.

It’s only been 2 years of guaranteed access and by the looks of things that might not last long as the rest of the Scottish teams drag down our coefficient.

So yes, right now winning the league makes it easier but not impossible to qualify.

If you think them having a significant sum of money in the bank and year on year leaving us behind with their profits and that isn’t going to affect what happens on the park then I don’t really know what to say tbh.

I think it’s pretty fundamental and why I think Gio’s accomplishments of reaching the EL final and gaining us CL group stage football was a massive success for us (on top of player sales made possible because of that success) and has been majorly overlooked by many of our fans when judging his time at the club. That’s not to say he shouldn’t have been sacked as there’s a fair argument for that even though I think it was harsh due to the injuries he had to contend with but that’s a different discussion anyways.

But if you want us to win trophies then we need to be at the very least a lot closer to them with our accounts or winning trophies will become the odd occasion with them surpassing our overall haul with ease.

 

[Ruben Sosa]

Irrespective of their financial results, the squad they have this season is utter shite.

No excuses for Rangers not winning the league this season.

 

[Midfield General]

That's simply not accurate.



Rangers Football Club is a globally renowned institution. There will always be quality managers and players out there who are within our reach if the search is lead by professionals.

Our board gave Caixinha a three year deal before paying him off seven months later. Then they went for Derek McInnes, got rebuffed and went with Graeme Murty for the rest of the season.

6 years on from then and their governance is much the same. Our current manager was given the job having managed just 22 games of professional football and after the director of football left, the board basically made him director of football too and handed over the transfer kitty to an absolute novice manager.

Under the tenure of this board, we've won 2 domestic trophies out of a possible 24, equalling St Johnstone's haul. I really don't understand how they've managed to dine out for so long on "ousting the spivs" and for winning one league title. Their decision making is consistently atrocious and we're going nowhere while they remain in place.

Good find with postecoglu but he wasnt available when we signed caxhina,which i agree was a big mistake.Yes we are a well known club but most top managers want a significant budget to compete.
We should have won the treble in 21 no doubt.
The Board apart from"ousting the spivs" have been trying to get things right off the pitch and have been dealing with multiple court cases while trying to return the Club to profitability which they have just done for the first time in years.
The Board is evolving and i believe guys like Bennet and Bisgrove will get us to where we need to be.

 

[spartacus]

This would be a snapshot the day after they get their season ticket money in of course its going to look good. Our accounts would also look good the same day

Nowhere near as good as theirs

 

[deedle]

They are well ahead in financial terms.

However, opposition in Scotland is so weak that much will come down to Old Firm games - if Rangers perform anything like as well as we should be doing.

Hence the crucial importance of refereeing.

This is why these threads where posters excuse or ignore referees can be so damaging.

 

[Herman]

The bigger stadium is obviously a factor….but no doubt the 50k is enough for us brigade will be along to refute that, losing the league the season after 55 looks like a massive sliding doors moment as well

 

[Virgil Hilts]

Genuinely not sure what the point is that you are making here?

Get our MD from Motherwell, don't expect the world.

 

[sammy1872]

We really should be considering a naming rights deal for Ibrox btw. Especially if we aren't going to significantly upgrade capacity in the near future.

Id be looking at a naming rights deal to pay for the full corner infill. 25-30 million for a 10 year deal 2-3 million a year. Covers the full cost of the infill and seems a achievable sum

 

[MartinS93]

They paid £7.3M in tax and kept £33M profit which they have stuck in the bank.

They are not looking to sell at all. If you read the comments in the report they have a deliberate strategy to build their cash position so that in the years they don’t win the league and get CL income it won’t impact their ability to spend.

So basically, we need a ridiculous amount of luck to swing the tide back in our favour, considering they could easily out-spend us even without CL football.

Decisions like refusing to sell Morelos and sticking with the same squad after 55 has got us here.

Depressing.

 

[MartinS93]

Absolute madness to consider success to be achieving Champions League football.

At the end of the day our club is all about winning trophies, that is our measurement of success. Qualifying for the champions league is a good and important feat, however it can't be deemed a success when we are getting spanked every game in the group stages.

That lot are on the brink of matching our trophy haul - that is significantly more important than gaining access to the champions league. Let's get back to winning trophies domestically - and enjoy the fortunes that brings - before considering qualifying for champions league a success.

How do you beat them to trophies when they out spend us the way they do?

9/10 times whoever spends the most wins the most and they'll out spend us 10 times out of 10.

 

[stillAlwaysblue]

No matter how much I hate that scum of a club I will admit it is well run from a financial view only.
They have been lucky for the years without us competing but even so getting Fat Ange was a great move for them and despite looking like prune he appears to be an excellent manager.
To match them in the short term we would need a new investor with considerable cash and that is unlikely.
All we can do is win the league for the next few years and go straight to the CL and hope they get the minumum of europe money. It will take time for us to catch up and that is down to our manager and team.
What might help is if they pay out a large sum in respect of the abuse case.

 

[robbo89]

The Board apart from"ousting the spivs" have been trying to get things right off the pitch and have been dealing with multiple court cases while trying to return the Club to profitability which they have just done for the first time in years.
The Board is evolving and i believe guys like Bennet and Bisgrove will get us to where we need to be.

Half of those court cases have come about because of the board and the poor decisions they have made. The absolute embarrassment that was the "Sydney Super Cup" comes to mind.

You make it sound like "returning the club to profitability" is some hugely difficult undertaking. We're a club with an enormous and passionately loyal fanbase, we have the opportunity to play in European competition every year and if we can implement a decent player trading model, we can sell players to the richest league in the world which is right on our doorstep.

Turning a profit should be piss-easy at Rangers but iirc last year was the first year since 2011 where the club recorded a profit over the financial year. I think the blind loyalty most of our support has for this board is very misplaced - we're winning nothing year after year and the financial gulf between us and our rivals is only growing.

What would it actually take for you to decide we need change at the top? Will you stick by this belief that they are the right men for the job if we lose the league title for the third season in a row this year?

 

[Midfield General]

Half of those court cases have come about because of the board and the poor decisions they have made. The absolute embarrassment that was the "Sydney Super Cup" comes to mind.

You make it sound like "returning the club to profitability" is some hugely difficult undertaking. We're a club with an enormous and passionately loyal fanbase, we have the opportunity to play in European competition every year and if we can implement a decent player trading model, we can sell players to the richest league in the world which is right on our doorstep.

Turning a profit should be piss-easy at Rangers but iirc last year was the first year since 2011 where the club recorded a profit over the financial year. I think the blind loyalty most of our support has for this board is very misplaced - we're winning nothing year after year and the financial gulf between us and our rivals is only growing.

What would it actually take for you to decide we need change at the top? Will you stick by this belief that they are the right men for the job if we lose the league title for the third season in a row this year?

Most of the court cases were as a result of toxic deals that the fat slug and co got us tied up in.Its only the last couple of seasons that we could buy Club merchandise a major income stream.
The sydney super cup was a mistake but perversly has turned into a win win situation.We didnt participate,no court case and we are now a business partner with TEG which will generate cash income for us.
We have been in debt for almost as long as i can remember ,2011 18m the year before 36m and it was even worse prior to that.
The "richest" league in the world is saddled with losses nearly every club in that league incur millions in losses every season.Even abroad Barca, Real,Juventus and a host of others cannot turn a profit so its not "piss easy"
The mhanks have been the benificiarys of a unique set of circumstances where their only rivals have been financially crippled for the best part of 10 years giving them free hits at CL money without putting in any serious investment.
We have some good men with serious business backgrounds on our Board however if you have any trillionaires up your sleeve iam sure they would be delighted to speak to them.

 

[robbo89]

Most of the court cases were as a result of toxic deals that the fat slug and co got us tied up in.Its only the last couple of seasons that we could buy Club merchandise a major income stream.
The sydney super cup was a mistake but perversly has turned into a win win situation.We didnt participate,no court case and we are now a business partner with TEG which will generate cash income for us.
We have been in debt for almost as long as i can remember ,2011 18m the year before 36m and it was even worse prior to that.
The "richest" league in the world is saddled with losses nearly every club in that league incur millions in losses every season.Even abroad Barca, Real,Juventus and a host of others cannot turn a profit so its not "piss easy"
The mhanks have been the benificiarys of a unique set of circumstances where their only rivals have been financially crippled for the best part of 10 years giving them free hits at CL money without putting in any serious investment.
We have some good men with serious business backgrounds on our Board however if you have any trillionaires up your sleeve iam sure they would be delighted to speak to them.

I wish I could share your confidence mate in those running our club.

My question was a genuine one - not rhetorical. What would it take for you to decide we need boardroom change?

Nobody is happy ofc with the current status quo as we have seen very little silverware come back to Ibrox. But how long are you willing to let this spell go on - how much patience and leeway will you give this board?

 

[ecossebear]

That is absolutely on the board, their inability to consolidate in times of success is scandolous - some figures have moved on but the overall attitiuude is very lazy at senior level.

100% this is on the board. Gerrard should have been given money to spend on strengthening the team after 55 by being forced to make a big sale or 2 (I don't buy this whole "throw more money at the team" as realistically it's not on the board to constantly fund everything). Gerrard may still have left after that but at least we would have strengthened.

Their next mistake was giving Wilson so long and allowing us to make bizarre signings after Seville. 30% of our budget on a back up left back?? I don't blame the board for giving Gio too much time - I still think he was the right manager, and it was pure bad luck by the injury crisis that made his time untenable - however replacing him with Beale is on them! Then to give him money to spend on unproven 'project' players like Lammers while ignoring proven Scottish talent year after year!

Throughout all this we allowed Kent, Alfie, Kamara to go for free or much lower than their transfer value. It's been a calamity of errors!

I will even give the board the benefit of the doubt for not winning the last 2 leagues as the scum lucked into a very good manager (and that was all it was, luck!) who, once he got started was very hard to beat for any manager. And whilst I don't think Gio was a bad manager, he had lost the dressing room so him staying on was not the answer. But now we should have had a decent proven manager with a year under his belt, a decent number of players (including Scottish internationals) some decent money in the bank and in the Champions League!

I guess what I've taken a lot of words to say is any success we have had is through the quality of both Gerrard and Gio despite this board, and not because of the board!

 

[Midfield General]

I wish I could share your confidence mate in those running our club.

My question was a genuine one - not rhetorical. What would it take for you to decide we need boardroom change?

Nobody is happy ofc with the current status quo as we have seen very little silverware come back to Ibrox. But how long are you willing to let this spell go on - how much patience and leeway will you give this board?

There has been boardroom change.Robertson,Wilson and Park have all gone recently. There is no magic bullet.

 

[robbo89]

There has been boardroom change.Robertson,Wilson and Park have all gone recently. There is no magic bullet.

Sure, nobody is saying there is a magic bullet. I'm just asking what it would take for you to decide we need boardroom change?

I'm not asking that as some kind of trick question or to get into an argument.

I genuinely don't understand the perspective those in our support who are staunch supporters of the club's board and I'd like to better understand. You're far from alone in your point of view - a significant proportion of the support are still very loyal to the board, despite the lack of silverware and the lack of progress over a number of years now.

 

[Midfield General]

Sure, nobody is saying there is a magic bullet. I'm just asking what it would take for you to decide we need boardroom change?

I'm not asking that as some kind of trick question or to get into an argument.

I genuinely don't understand the perspective those in our support who are staunch supporters of the club's board and I'd like to better understand. You're far from alone in your point of view - a significant proportion of the support are still very loyal to the board, despite the lack of silverware and the lack of progress over a number of years now.

Mate i am not looking for an arguement i have pointed out that there has been boardroom change.It is a continuing process look at all the changes in recent years you seem to be ignoring this.Let me ask you who else do you want rid off and who would you briñg that would make things progress more quickly?
I dont blindly support the Board and i criticise when its justified imo but if you want to sack the Board you need to have a plan of succession which i have yet to see from anyone.

 

[laudrup71]

To revisit 2012. At the time I wasn't a fan of the amount of money we were spending in the lower leagues - I said at the time on here I'd rather take an extra couple of seasons building ourselves up but building a huge warchest for coming back up. Instead? IIRC one commentator on a game of ours against East Fife commented our wage bill was 600 times theirs. The questions is why? We didn't need Ian Black and all these SPL washouts, with 4 or ten times East Fife's wage bill we could have still strolled the league if we hadn't opted for a lazy 'FC Hollywood' approach.

We're the architects of our own downfall in this regard. As a fan base we have *zero* patients and next to no strategic thinking. There are some on this board that would have wanted Ibrox burned down if we didn't sign Gio and the after that Beale. The 'Leaders' indulged the lunatic fringe and the truth is - you play stupid games you win stupid prizes.

Our board and 'owners' have repeatedly failed us. Failed us by lazy thinking. Failed us by taking the easy option. Failed us by refusing to think strategically and longer term. The amount of money we could have banked on the road back and with then a good bit of mid/long term strategy could have saw us winning for years to come and blowing them out of the water financially too. Instead, we traded it for Ian Black, Pedro, quick fixes and UEFA financial watch lists.

Unless things change we'll still be having this ground hog day moment every year when the financials drop.

 

[CooperBlu11]

Seen a guy in what looked like his 60's earlier today kitted out in a brand new full Celtic trackie. No wonder their retail dealings is raking in so much money when it appeals to those without shame.

 

[Only God Forgives]

To revisit 2012. At the time I wasn't a fan of the amount of money we were spending in the lower leagues - I said at the time on here I'd rather take an extra couple of seasons building ourselves up but building a huge warchest for coming back up. Instead? IIRC one commentator on a game of ours against East Fife commented our wage bill was 600 times theirs. The questions is why? We didn't need Ian Black and all these SPL washouts, with 4 or ten times East Fife's wage bill we could have still strolled the league if we hadn't opted for a lazy 'FC Hollywood' approach.

We're the architects of our own downfall in this regard. As a fan base we have *zero* patients and next to no strategic thinking. There are some on this board that would have wanted Ibrox burned down if we didn't sign Gio and the after that Beale. The 'Leaders' indulged the lunatic fringe and the truth is - you play stupid games you win stupid prizes.

Our board and 'owners' have repeatedly failed us. Failed us by lazy thinking. Failed us by taking the easy option. Failed us by refusing to think strategically and longer term. The amount of money we could have banked on the road back and with then a good bit of mid/long term strategy could have saw us winning for years to come and blowing them out of the water financially too. Instead, we traded it for Ian Black, Pedro, quick fixes and UEFA financial watch lists.

Unless things change we'll still be having this ground hog day moment every year when the financials drop.

In 2012 we should've brought through mostly youth instead of the overpaid crap to play in the lower leagues and I think we'd be in a better position now. We're still reeling from our demise but we're not that far away from them.

 

[GarryB]

In 2012 we should've brought through mostly youth instead of the overpaid crap to play in the lower leagues and I think we'd be in a better position now. We're still reeling from our demise but we're not that far away from them.

110% correct as a Club no young player gets a chance last weekend not one of the starting 11were Scottish

 

[Valley Bluenose]

In 2012 we should've brought through mostly youth instead of the overpaid crap to play in the lower leagues and I think we'd be in a better position now. We're still reeling from our demise but we're not that far away from them.

110% correct as a Club no young player gets a chance last weekend not one of the starting 11were Scottish

In 2012-13 season Barrie McKay had 41 appearances, Andy Little 36, Kyle Hutton 33, Lewis MacLeod 31, Chris Hegarty 29, Robbie Crawford 27, Kal Naismith 24, Ross Perry 23, Fraser Aird 22.

In 2013-14 season Fraser Aird had 37 appearances, Andy Little 29, Robbie Crawford 25, Lewis MacLeod 24.

All the youngsters got their chances. There were plenty others in addition to the above, who didn’t feature in more than 20 games but got their chances. In the main they weren’t good enough to sustain it all the way through the journey back to the top flight.

 

[Flying Fullback]

U know it’s mental when we are ranked higher than them in Europe yet they keep winning domestically and gaining CL monies

Unfortunately their 10 year ranking is better than ours meaning when we are in same European tournament they get a bigger share of money.

Though that gap is closing

 

[Syme]

To revisit 2012. At the time I wasn't a fan of the amount of money we were spending in the lower leagues - I said at the time on here I'd rather take an extra couple of seasons building ourselves up but building a huge warchest for coming back up. Instead? IIRC one commentator on a game of ours against East Fife commented our wage bill was 600 times theirs. The questions is why? We didn't need Ian Black and all these SPL washouts, with 4 or ten times East Fife's wage bill we could have still strolled the league if we hadn't opted for a lazy 'FC Hollywood' approach.

We're the architects of our own downfall in this regard. As a fan base we have *zero* patients and next to no strategic thinking. There are some on this board that would have wanted Ibrox burned down if we didn't sign Gio and the after that Beale. The 'Leaders' indulged the lunatic fringe and the truth is - you play stupid games you win stupid prizes.

Our board and 'owners' have repeatedly failed us. Failed us by lazy thinking. Failed us by taking the easy option. Failed us by refusing to think strategically and longer term. The amount of money we could have banked on the road back and with then a good bit of mid/long term strategy could have saw us winning for years to come and blowing them out of the water financially too. Instead, we traded it for Ian Black, Pedro, quick fixes and UEFA financial watch lists.

Unless things change we'll still be having this ground hog day moment every year when the financials drop.

Well said mate.

Foundations of the future should have been laid in 2012. We opted to fling money at it, stupidly!

 

[robbo89]

Mate i am not looking for an arguement i have pointed out that there has been boardroom change.It is a continuing process look at all the changes in recent years you seem to be ignoring this.Let me ask you who else do you want rid off and who would you briñg that would make things progress more quickly?
I dont blindly support the Board and i criticise when its justified imo but if you want to sack the Board you need to have a plan of succession which i have yet to see from anyone.

I'm not looking for an argument either.

As you're well aware, the same clique of directors is still in charge of the club. There have been new staff members appointed and there has been some musical chairs in terms of roles but we have not seen a proper changeover at the board level.

I've asked three times in what circumstances would you want a clean slate on the board because I genuinely want to hear your perspective. I'm not saying that I'm right and you're wrong - I'm just trying to get your point of view.

I'm guessing from your responses that you'd want to stick with this board even if we don't win this season's league title. Would you stick by them if we lost next year's title as well? How about if the scum reach 5 in a row?

 

[robbo89]

Mate i am not looking for an arguement i have pointed out that there has been boardroom change.It is a continuing process look at all the changes in recent years you seem to be ignoring this.Let me ask you who else do you want rid off and who would you briñg that would make things progress more quickly?
I dont blindly support the Board and i criticise when its justified imo but if you want to sack the Board you need to have a plan of succession which i have yet to see from anyone.

As to your question, "who would you bring," I haven't the foggiest idea.

That's a valid question when a fan wants rid of a manager or a player but it doesn't really make sense when you talk about a board. Unless you expect a football supporter to have in depth knowledge about different football club directors and businessmen involved with the game.

I have no idea who might be out there who could do a better job but that isn't going to stop me holding the custodians of our club to account. Rangers is a club with certain standards and our boardroom is entrusted with the job of upholding those standards. If they're not competent enough to get us back to where we belong, they need to go. Any fan will agree about that.

The only question is at what point do you make that call. For me I've seen enough but many within our support still want to give them more time. That's fair enough, I'd just like to know how much time we ought to give them because the scum have dominated domestically for over a decade now and are about to snatch up several of our long held records. The gap in finances is only growing.

Unless we decide to accept this as the new status quo, we all have to decide at what point we say enough is enough. I'm there already, others may have more patience and that's grand. But we've got to draw a line somewhere, don't we?

 

[Myogi]

Impressive results of course but our revenue for last year will be around £100 million i imagine.

they might have £72 million in the bank but that's not money they can just chuck at transfers, that is the money they have after season ticket sales ect. and will be used to pay wages and whatnot going forward this season, so while they will still have a healthy pot its not as insurmountable as it appears.

Outwith player sales, I don't think the revenue generated between the clubs is as massive as people in this thread make out, although on pitch performances have been poor our revenue does seem to be steadily increasing each year, people keep comparing us to them but they have had the best part of 20 years of good governance, where until 2016 we were a shit show.

We are also in the best financial position we have been in the past 25 years with record revenues of our own, lets just focus on our self and keep building our club to where it should be.

 

[Blendz Bears]

Sure, nobody is saying there is a magic bullet. I'm just asking what it would take for you to decide we need boardroom change?

I'm not asking that as some kind of trick question or to get into an argument.

I genuinely don't understand the perspective those in our support who are staunch supporters of the club's board and I'd like to better understand. You're far from alone in your point of view - a significant proportion of the support are still very loyal to the board, despite the lack of silverware and the lack of progress over a number of years now.

We just have literally had a near full board room change. From a footballing sense I'd like them to implement a proven DOF who can coordinate the footballing department from Academy to implementing analysis strategies correctly.

From a business sense we have just recruited a new CCO Karim Virami I'd like to hear what plan he has to push on commercially to the next level. Club has done so much hard work and improved there the last few years its time we put foot to the floor there and accelerate.

We also have a brand new CFO which hasn't been promoted within.

 

[DornochBear]

Not sure if you’ve missed my original point or not but to clarify we are in a thread about their significantly better finances and I pointed out that right now if we want to get back even with them then we need to do it off the field and by not reaching the CL groups 2 out of the 3 years it was possible it has cost us dearly.

If we want to compete with them we need to be competing off the field it’s that simple. The longer their finances dwarf ours the longer a league win once in a while to keep people like you happy clapping will continue.

Folk do not get how serious this. We don't stop it this season they will go on some run.

 

[okbear]

I’ve not read through the entire thread, but one of the headline points from their figures that has been convinently left out is they still owe £50 million in outstanding transfer payments if I’m understanding their figures properly.

There may be additional debt on players contracts too with end of contract bonuses etc.

 

[Bluenose Whistler]

I’ve not read through the entire thread, but one of the headline points from their figures that has been convinently left out is they still owe £50 million in outstanding transfer payments if I’m understanding their figures properly.

There may be additional debt on players contracts too with end of contract bonuses etc.

Yeah according to BBC SPORT online they still OWE £50.7 M in transfer fees so for a company publishing cash in bank whilst operating a Buy Now Pay Later policy hardly makes them the cash in bank champions they claim, yes I do know that is how most clubs operate by paying up transfer fees over time, but the mhedia headlines don't advise of that you have to really read the full article or look at their report to get the proper picture, I don't read any positive news for them tbf.

 

[Midfield General]

As to your question, "who would you bring," I haven't the foggiest idea.

That's a valid question when a fan wants rid of a manager or a player but it doesn't really make sense when you talk about a board. Unless you expect a football supporter to have in depth knowledge about different football club directors and businessmen involved with the game.

I have no idea who might be out there who could do a better job but that isn't going to stop me holding the custodians of our club to account. Rangers is a club with certain standards and our boardroom is entrusted with the job of upholding those standards. If they're not competent enough to get us back to where we belong, they need to go. Any fan will agree about that.

The only question is at what point do you make that call. For me I've seen enough but many within our support still want to give them more time. That's fair enough, I'd just like to know how much time we ought to give them because the scum have dominated domestically for over a decade now and are about to snatch up several of our long held records. The gap in finances is only growing.

Unless we decide to accept this as the new status quo, we all have to decide at what point we say enough is enough. I'm there already, others may have more patience and that's grand. But we've got to draw a line somewhere, don't we?

You need to apply some logic to your argument.Lets look a the record so far.Do they have the Club at heart?Have they chased the spivs?Got rid of onerous contracts?Improved the financial standing of the Club?Made personal investment?Supported the managers with funding?Just a few of the positives.
The negatives,yes there are some maybe the selection of managers.Stevie G? Got us 55,This place was delirious when that happened.Gio?European Final,the Board didnt make him put on Ramsay to miss the penalty but won the Scottish Cup. Michael Beale,suppossedly the brains behind Stevie G.The jury is still out on that one.
There is no mechanism to "get rid" of the Board its pure fantasy but lets for talking sake they decide to leave and give up their shareholdings,what are you left with?The square root of fek all and we are back to square one unless there a group of people with plenty of funds a track record in business and successful football clubs queuing up to take their place.You need to be carefull what you wish for.
I am as frustrated as everybody and wish progress on the pitch was quicker.We should have won the treble in 21 and done better in certain games.That is on the manager and the players not the Board.

 

[johnto]

Unfortunately their 10 year ranking is better than ours meaning when we are in same European tournament they get a bigger share of money.

Though that gap is closing

Surely not

 

[Flying Fullback]

Surely not

55% of Champions League money is based upon performance in the current years tournament. 45% of it is based upon your country's tv deal and your club's 10 year coofficient

Champions League prize money breakdown 2022/2023: How much do the UCL winners get from UEFA? | Sporting News United Kingdom

Participation in the Champions League can net clubs a significant financial windfall, making the top UEFA competition a primary objective for many European teams. Here's a breakdown of all the available prize money in the Champions League.

www.sportingnews.com

Hate how UEFA does it, the whole tournament is designed around the biggest clubs being guaranteed lots of money so they don't form a super league and UEFA lose their cash cow