Rangers' Financial Losses - what's going on?

[Richey Edwards]

2 hours ago, Richey Edwards said:

 

 

This thread prompted me to listen to this album twice.

Thank you Sevco.

[bennett]

13 minutes ago, LuboMoravcik said:

Imagine starting a business and never making a profit in its entire ~12 year history.

Read that in John Lennon voice.

 

 

Imagine starting a business 
And never making a profit

In your 12 year history 

Imagine all the people
Livin' life in peace

[realmadrid]

41 minutes ago, GordonS said:

Aye it's the c. £1m a year on the women's team that's got them into this mess...

Cumbernauld Colts can afford Broadwood and Rangers Women bring in a helluva lot more revenue than them. I don't know their average attendance, I'd guess it's around 1,000. But SWPL attendances have been jumping about 20% per season and TV viewing figures were up about 50% last season, which helped attract Barclays as a sponsor.

Women's football is a long-term investment - the majority of English WPL teams are now fully self-funding and the crowds Arsenal have been getting show the potential is massive. It's not a sub-set of the fans that go and watch the men's teams, it's tapping into a new market. It might cost Rangers a net few hundred thousand a year to operate a competitive women's team at present, but it would be incredibly short-sighted to leave Celtic the opportunity to dominate that market in Scotland.

My point was not that the women's team is the reason for the loss, but that if it was cut back in any way due to overall cost cutting it plays to exactly how i could see the game up here going for women's football

The existing clubs being swamped by the old firm and Edinburgh clubs to an extent and then at some point these teams all drop the investment and the game is then in a dire way. 

Ive been attending womens games since the early 2000's as a work college played for Dundee (for some reason based in Stenhousemuir back then) and very much like England the existing teams were pushed aside when the men's teams took over . ive a feeling the women's game up here will regret this in time

If Rangers crowds are into the 1000's they wont drop it, but it always looks more like a couple of hundred on the highlights. At Saints bar one game at McDiarmid Park its rare for the attendances to be more than 50 in SWPL2 despite the best efforts of the club and unofficial podcast who plug the games as much as possible. 

[Theyellowbox]

Not going to pretend that I know the finances of any of the shareholders loaning the money, but you'd imagine that for each of them, that can only go on for so long?

I'd have assumed that from 2012 that there would be an expectation of losses until into the top flight, but the continued loses since then is quite something.

Can't figure out whether there is much scope to grow the club beyond where it is unless or throws off the shakles or some of the outdated mindset of the folk running it, or whether that mindset and hanging onto 'traditions' is what draws some of the sponsors and investment?

By that I mean, Rangers fans are already buying all the tat and merchandise and beyond Scotland and some expats, unlikely to gain more fans, so unless existing fans are pumped for even more money to just break even. I'm not sure what can be achieved financially beyond CL qualification?

Quite possible Rangers have hit their limit and need to just accept that.

 

[The Marly]

Hope they go bust.

 

 

 

Again. 

[AtTheBorderGuy]

They've lost an average of £880k per month since their formation. Well done guys. A genius use of money. Not a basket case club at all.

[AJF]

41 minutes ago, Theyellowbox said:

Not going to pretend that I know the finances of any of the shareholders loaning the money, but you'd imagine that for each of them, that can only go on for so long?

I'd have assumed that from 2012 that there would be an expectation of losses until into the top flight, but the continued loses since then is quite something.

Can't figure out whether there is much scope to grow the club beyond where it is unless or throws off the shakles or some of the outdated mindset of the folk running it, or whether that mindset and hanging onto 'traditions' is what draws some of the sponsors and investment?

By that I mean, Rangers fans are already buying all the tat and merchandise and beyond Scotland and some expats, unlikely to gain more fans, so unless existing fans are pumped for even more money to just break even. I'm not sure what can be achieved financially beyond CL qualification?

Quite possible Rangers have hit their limit and need to just accept that.

 

I don’t think it’s a case of our turnover and income not being sufficient (considering it’s at a record high). It’s more the wages and net transfer spend along with other things like litigation, the building of New Edmiston House and the development of the Copland stand that has had our costs sky rocketing.

 

[Glen Scotia]

"Sink us and we'll Sink you" still makes me chuckle to this day 

[Moorie]

2 hours ago, realmadrid said:

I wonder how much projects like the women's team cost? Looking at the crowds and the hire of Broadwood it must run at a massive loss, I wonder if in time projects like this will get cut.

No chance the backlash of doing so when women’s football is being pushed highly 

[Dav nan Gael]

3 minutes ago, Glen Scotia said:

"Sink us and we'll Sink you" still makes me chuckle to this day 

Forgot all about that patter. 

That's Orange Order talk,if Scotland had voted for independence 10 yrs ago,they were getting the guns and the bombs out ....

[Theyellowbox]

41 minutes ago, AJF said:

I don’t think it’s a case of our turnover and income not being sufficient (considering it’s at a record high). It’s more the wages and net transfer spend along with other things like litigation, the building of New Edmiston House and the development of the Copland stand that has had our costs sky rocketing.

 

But it is insufficient for where the club thinks it is or needs to be though. Given the age of the stands at Ibrox, more expenses likely to come up too, albeit I get the copeland road stand wasn't repairs.

I just think that currently Rangers aren't that marketable to non current investors or sponsors. Shake of that old establishment feel and mentality and things might open up a bit.

[Claudia Gentile]

[Hoose Rice]

Depends how big the carpet and the sweeping brush is. 

[Hoose Rice]

7 minutes ago, Claudia Gentile said:

Smelly b*****ds. 

[0Neils40yarder]

The Blue Pound

[Tom Strangely Black]

7 minutes ago, 0Neils40yarder said:

The Blue Pound

Worth the equivalent of the ol' Zimbabwean dollar, it would seem

[Jacky1990]

The big thing that has went under reported is that that theyve lost all that money just to be absolutely shite on the pitch.

Shame.

[forkboy]

44 minutes ago, Claudia Gentile said:

They aren't exactly the Green Brigade when it comes to their banners.

 

3 hours ago, LuboMoravcik said:

Imagine starting a business and never making a profit in its entire ~12 year history.

That would put them on a par with Elon Musk run businesses.

[Mark Connolly]

How on earth does a Scottish football club with a revenue of £88m lose £17m in one season?

Which pornstar is advising them on financial matters this time?

[Pizzo]

2 hours ago, Theyellowbox said:

Not going to pretend that I know the finances of any of the shareholders loaning the money, but you'd imagine that for each of them, that can only go on for so long?

I'd have assumed that from 2012 that there would be an expectation of losses until into the top flight, but the continued loses since then is quite something.

Can't figure out whether there is much scope to grow the club beyond where it is unless or throws off the shakles or some of the outdated mindset of the folk running it, or whether that mindset and hanging onto 'traditions' is what draws some of the sponsors and investment?

By that I mean, Rangers fans are already buying all the tat and merchandise and beyond Scotland and some expats, unlikely to gain more fans, so unless existing fans are pumped for even more money to just break even. I'm not sure what can be achieved financially beyond CL qualification?

Quite possible Rangers have hit their limit and need to just accept that.

 

On growing the club......their latest shambles with expanding a stand by a few hundred seats and costing themselves a fortune in doing so sums up their main problem to me......they're far too worried about what's happening across the city.

Canny be having them having a bigger capacity than us etc. 

A smart club would accept that it's going to take 5 years to build a squad to compete and stick to the plan.........however.......their idiot fans will demand they sack a manager every autumn when celtic motor away from them as usual.

Rinse and repeat