20 Apr 2020 12:11:01
I also have a wee question for buzz and co.
This post isn't a dig at Celtic it's about both our clubs and their futures

With all the talk of Rangers going into admin x2 from certain sections of your own site.

I would like you to have a wee look again at the numbers for both clubs as it makes quite interesting reading.

Now with the recent speculation announced yesterday by the SFA that football that attended by fans could be as faraway as xmas or poss till a vaccine is found for this virus.

So let's start:

Point 1. celtics profit margins are greatly reduced when they don't qualify for the CL like this year and on most occasions in the past, they have sold one of their prized assets to make up for this loss.

Point 2. The running costs of the club excluding wages ie ground upkeep ect are prob similar to ours.

Point 3. I will agree with most Celtic fans with regard to celtic have an advantage over us in respect that they have a buffer of 30 million in the bank.

Point 4. Now here is the kicker now bearing in mind that both sets of players, directors management and staff have agreed to take a pay cut, however this isn't as clear as it sounds as both clubs, will still need to make these payments in full as the paycut is only a deferral.

Point 5. For Celtic no CL money, Adidas contract in doubt due to their financial troubles, which may result in no merchandise revenue. A wage bill of 59 million, which I agree will reduce slightly with the Furough scheme. No gate money or hospitality. Poss no season ticket revenue if the predictions of no attended games for another 8 month poss more. Are you all still with me.

Now b4 I get all they usual replies about our club will face the same situations and loss of revenue, which i totally agree with but the main difference is that our wage bill is 34.5 mill vs Celtic 59 million.

Bang goes most your 30 mill in bank. I. E the bigger the business from a financial point of view, the bigger the hit.

Bigger picture both clubs are going to struggle if this as predicted runs for most of next season.

I will not even go into how the smaller clubs are going to cope, but I guess their wage bills and running costs will be significant lower than both of our clubs.

From my own clubs point of view for the past 8 season Rangers have been operating with a certain level of financial constraint and as a result of this. Imo, I would say that my club will have gained more experience in dealing with cost cutting measures than most clubs including Celtic.

1.) 20 Apr 2020
20 Apr 2020 12:31:13
Stewarty, does that furlough scheme not limit the 80% payout to £250 per week per person.

I don't know for sure that's why I'm asking, but if it's correct what will happen to the mega bucks players wages will the clubs still have to make up the rest of these ridiculouse wages? .

2.) 20 Apr 2020
20 Apr 2020 12:35:43
Stewart’s, the thing is BuzzBUM has now really become Rangers Rumours village idiot and is giving us all a decent laugh! He must be the thickest one yet😭😭😭🙃🇬🇧.

3.) 20 Apr 2020
20 Apr 2020 12:54:49
It’s a fair point Stewarty, and I don’t think anyone knows the answer to this at the moment, including PL and DP. A lot depends on how long we’re shut down for and also how deep the pockets are of our respective owners. It will also depend on the contracts themselves and whether or not there are clauses that would allow us to terminate them. The players/ agents themselves may be willing to renegotiate them as they will be made aware that the alternative may be 5p in the pound from the liquidators. I notice PL has made a couple of derisory offers for players in the last few days which perhaps indicates that he believes the clubs from the big leagues are in a lot more trouble than we are and will be willing to sell for significantly reduced fees. Knowing PL, as we tims do, he’s as tight as. well I can’t really say on here but I think you know what I mean. I’d like to think he’s given some thought to how we balance the books if this lasts till beyond new year. It’s uncharted territory for everyone but if the Scottish clubs are prudent and take the right measures, we may all come out of it stronger than we went in.

4.) 20 Apr 2020
20 Apr 2020 13:07:25
Celtic players and staff have volunteered to take a significant reduction in wages and also deferrals of a significant proportion of the remaining part of there wages. We'll be ok worry about yourselves.

5.) 20 Apr 2020
20 Apr 2020 13:08:18
Blue billy 650 a week re furlough.

6.) 20 Apr 2020
20 Apr 2020 13:41:45
Nevisboy, you are the one that’s trawling on a Rangers site. That’s obviously your Gers side coming out🇬🇧.

7.) 20 Apr 2020
20 Apr 2020 13:53:05
Stewartyyblue, being totally honest here pal, i don't think the adidas contract with celtic will be in doubt. It may have a different payment structure but it will still be adidas making their new kits.

8.) 20 Apr 2020
20 Apr 2020 17:12:02
Yately I just come on for a laugh, it cheers me up in these dark days take care.

9.) 20 Apr 2020
20 Apr 2020 18:21:46
Celtic have paid £59 million the last couple of seasons because of their success. Celtic have won every domestic competition for the last 3 and a half years and with that comes win bonuses. Celtic win an average of 30 league games a season and with that comes win bonuses. The Celtic players at present are not even getting appearance money.

That £59 million you are getting excited about will probably half and the same will go for Sevco.

Celtic have also got a line of credit with the bank which they might have to use by the time we get back to playing. Your club Stewart don’t and if any of the 2 clubs are going to go into Administration I can assure you Stewart it won’t be my club.
If Celtic were that desperate for help they would only need to sound out the battle cry to our fans and we will run through a brick wall to come to their rescue if needed.

10.) 20 Apr 2020
20 Apr 2020 19:19:21
Village Idiot 😂😂😂🇬🇧.

11.) 20 Apr 2020
20 Apr 2020 19:21:40
Nevisbhoy, our player took the wage cut before your club did, so, like i always say, don't yous worry about us, because we don't worry about yous.

12.) 20 Apr 2020
20 Apr 2020 19:34:04
Buzzbomb that brick wall might be too thick to run through! can you really see any family man/ woman If this goes on saying “you know what Celtic are in bother Think we’ll cut down on the heating and food for kids to help them out”! I know we as old firm fans are passionate but finances are going to be savaged moving forward
It’s like golf clubs there will be some go out of business as membership isn’t even on the radar for a lot of people just now.

13.) 20 Apr 2020
20 Apr 2020 19:59:07
Thanks for the info John25

Cheers mate.

14.) 20 Apr 2020
20 Apr 2020 14:01:45
Stewarty are you going for the record bites.

15.) 20 Apr 2020
20 Apr 2020 20:01:15
SGL even with the adidas deal. That will give them an extra 6 mill per year plus sales but I'm guessing that this deal maybe rejigged if closed door policy is introduced. Their prob is their wage bill of 59 mill, with poss no other income other than the poss Adidas deal.

Nevis the vast majority of that 59 million, prob about 85% is wages for the players, management and directors, who are not eligible for the furlough scheme. The players management and directors have agreed to a reduction on their salaries, but this reduction will still need 2 be paid in full not a proportion as it's a deferral of full payment for may and june not a right off of payment.

Experts are saying this virus will come in 2 or 3 more waves so imo there is not a chance in hell that they are going to allow 50 - 60k fans into a stadium. God they are saying pubs that hold 50 to 100 people won't be opened till xmas. So I think your a tad optimistic about your club being ok mate with that wage bill.
And yes I am worried about the whole future of scottish football.

One thing, I think will come out of all this is that both teams over the past couple of season have invested well in their youth set ups. As in the next couple of seasons money will be tight and imo our young players will become very important assets for both teams.

16.) 20 Apr 2020
20 Apr 2020 20:07:37
Stewartyblue I applaud you for what must clearly be the most tongue in cheek post possibly of all time in here.

"I would say that my club will have gained more experience in dealing with cost cutting measures than most clubs"

Can you give examples of this cost-cutting experience? All I've saw is losses, loans, share issues, debt, debt conversion, staying in Gleneagles on matchday's before games, trying to sign a player while in administration, paying a manager £825,000 a year while in Division Three with a title prize of £30,000.

Your club is the antithesis of cost-cutting, you have absolutely no concept of the term. That said you gave me the biggest laugh I have had in here in some time. Thank you.

17.) 20 Apr 2020
20 Apr 2020 20:13:16
Paul, Your players deferred wages and all that money will need to be paid back.
The Celtic players also deferred a part of their wages but also took a further wage cut. Your players were getting praised to the hilt for deferring their wages but all they were doing was getting the club to put their money into a holiday fund.

18.) 20 Apr 2020
20 Apr 2020 20:59:46
Paulellen your players took a wage cut because they were told of the the financial state the club was in, as big blue bear said in an earlier post 10 million was required to see the season through .

19.) 20 Apr 2020
20 Apr 2020 22:22:53
Paulellan your players only deferred a percentage of their wages for three months, not a wage cut.

20.) 21 Apr 2020
20 Apr 2020 23:17:38
Buzz, you and the rest of your support would run thru walls. Lol.hahaha, fergus saved yous nobody else, wee fergus, imagine eh.

21.) 21 Apr 2020
20 Apr 2020 23:55:07
Oldkilly the 10 million was pre european group stage qualifying and last sixteen and 2.5 mill owed by hummel and further investment from DP.