Coming Soon:....'Ashely and the Vanishing Commercial Revenue' ??

[the gunslinger 3,366]

Murray was under sever pressure at the time. He got dogs abuse for selling off our shops and sacking so many staff.

 

The Glasgow club will receive an initial payment of £18m on 7 June, when they launch their new Umbro home kit.

 

A guaranteed minimum annual royalty of £3m will be received by Rangers in each year of the licence.

 

Rangers chairman David Murray said: "It will allow for the reduction of the club's debt and enable further investment to be made in the team."

 

Yeah but the deal was still worth 4.8 million a year. More really if you consider the interest saved.

 

I would question that Celtc were turning a 4 million profit on 13 million turnover for commercial as well btw

[Super Cooper 0]

Yeah but the deal was still worth 4.8 million a year. More really if you consider the interest saved.

 

I would question that Celtc were turning a 4 million profit on 13 million turnover for commercial as well btw

 

Over £15m from the accounts i looked at. Costs of around £10.5m. But they did have the kudos of their own shops all over the country and their kit in every major sports store in the world plus a fantastic kit deal with Nike which also helps their brand. We have had jumble sale cheap shite for the last 10 years, from Diadora to Umbro and now Puma with our gear near impossible to buy outside of Scotland.

[forlanssister 3,114]

Yeah but the deal was still worth 4.8 million a year. More really if you consider the interest saved.

 

I would question that Celtc were turning a 4 million profit on 13 million turnover for commercial as well btw

 

Actually ended up over £6m nett per year.

[the gunslinger 3,366]

Over £15m from the accounts i looked at. Costs of around £10.5m. But they did have the kudos of their own shops all over the country and their kit in every major sports store in the world plus a fantastic kit deal with Nike which also helps their brand. We have had jumble sale cheap shite for the last 10 years, from Diadora to Umbro and now Puma with our gear near impossible to buy outside of Scotland.

 

i do know for a fact the only shop they had turning a profit was the one at the stadium.

 

retail is a difficult matket and even the very best make 10% profit on turnover.

 

the recession must have really really hit them hard there.

 

the timing of the jjb deal was excellent for us.