True, but if you are incapable of bringing in as much money as a rival youll struggle to turn a profit. Fact is starting from **** all, as rangers are, means its going to be tough to get a product out to compete with.celtic. Ie it won't be instant. You'll bring in very little between now and your return to the spl, so when will take you time to "grow"
Never thought about the games finishing in a draw, by yeah you are probably right. Out of interest, do you know the turnovers of Rangers and Celtic over the past say 10 years?
It will be extremely difficult, but I just don't like it when people bang on about turnover all the time, as there are far more important things on the books, in my opinion.
Not off the top of my head. And I'm going to be honest I don't care enough to look. Part of the problem too is I wouldn't believe a word of rangers accounts (if they produced any) for the last 2/ 3 seasons at least!!
I can't be ****ed looking either, but are you saying that Celtic's turnover is always larger than Rangers, even if we are in the CL and you aren't? I genuinely don't know, but would be surprised if that was the case.
It's not ultimately the most important. But when you are coming from nothing it's an important factor. For instance rangers this season will probably have **** all income. Your fans are not buying tickets. Sponsors will maybe not Be so keen to stump up (will tennants still have to stand by the deal with new rangers?). No tv deal and no spl money. Now outgoings should be low, wages will lower, etc, but you'll have to buy a whole new team, that won't be cheap. It's not easy with no income. You are starting from a negative, bad news
Don't agree. The reason that fans weren't buying tickets was mainly because we didn't have a clue which league we would be playing in or indeed if we would be playing at all. I would imagine Tennants will be more than happy to keep on sponsoring Rangers and like you say, our outgoings will be dramatically less and to say that we will need to buy a whole new team is a bit OTT. Also, we got £900,000 for coming second last season, while it isn't to be sniffed at, it still isn't the end of the world. Sponsors will still want to sponsor us because the sponsor's brand will be seen by a huge audience, it is the smallers clubs that have to renegoiate their TV deals etc that should be more worried than Rangers.
Now that you mention it, I think I did read somewhere that they were going to hold it back, but my point was(and I have a funny feeling you knew fine well)that the money from the SPL is next to **** all.
I think hearts got given your prize money for wallaces transfer fee. You are also paying 5 or 6 lads spl wages (for now) on div 3 income - or even less as right you I'm not sure you have anything coming in
5 or 6 players on SPL wages shouldn't be a problem, as long as x amount of people buy a season ticket, which I sure they will.
I find it rather amusing reading boasts of celtics larger turnover, they weren't of the same opinion when the shoe was on the other foot. Also, with all this talk of turnover exceeding outgoings, are you forgetting that you're in nearly £10m debt? How'd that happen then?...
£10 million? It's way bigger than that. Their loan is £12 million for starters which is being paid back at the minimum rate
Not really. Saving profit improves liquidity. Growth is expanding markets, exploring new revenue streams, getting increased custom aka increasing revenue is growth. I could increase profit by stripping out costs while revenue remains static. Thats improving profitability (which is mostly irrelevant to a football fan) but is not growth
I think (from memory) when we were both in the Champions League one year our turnover was 60m and Rangers 55m - but Rangers turnover bombed when you closed the Rangers shops (less income, less outgoings at same time) which maybe makes your turnover point a bit more valid, since apparently the JJB deal was more profitable than Rangers shops were. In saying that there is always a difference between wages of shop staff and wages of playing staff - and in general if you have a larger turnover then you have a larger player wage bill.
It used to change year on year, then a Rick says, Rangers closed their shops and Turnover dived. Rangers used to have 20odd shops around the UK, now we've got one at Ibrox. The culmination of such stupidity was the year we got to Manchester and you had 100,000+ demand for a Rangers jersey, and you couldn't get one. Thanks Davie.
