ian1964 10,761 Posted October 31, 2022 Share Posted October 31, 2022 Lifted from FF Sources: Rangers set to make £80m+ announcement Rangers are set to announce club-record revenues of £80million-plus in their next set of financial results, Football Insider understands. The Glasgow giants are well on course to smash their 15-year record of £64.5m from the 2007-08 campaign. Rangers’ financial triumph is mainly due to the prize money from their remarkable Europa League run to the final last term, as well as the supplementary commercial and match day cash hikes. Analysis from Football Insider has found that revenues are in line to soar upwards of the £80m mark for the 2021-22 campaign. In the context of the club’s modern history, that would be a huge spike. Rangers posted a £47.7m turnover in November last year in their last set of financial results for the period covering the 2020-21 Covid-hit season. That was nearly £12m down on the £59m generated in 2019-20 when they reached the Europa League last-16. The Scottish club landed nearly £20m in prize money from their European exploits last season. Commercial director James Bisgrove told the Four Lads Had a Dream podcast in January that he also expects the club to rake in £27.9m from sponsorship and merchandise. The Europa League has proved very lucrative during the last five seasons and been critical to the club’s balance sheet as well as their ability to attract new players. The return last season of bumper crowds at 50,000-capacity Ibrox means Rangers should comfortably surpass their 2019-20 European earnings of £20.7m European competition provides the gateway for a massive spike in revenues for Scottish clubs. As noted in their accounts, Rangers are reliant on funding from directors to sustain losses, with player sales combined with Champions League football expected to be needed to make a profit. https://www.footballinsider247.com/rangers-announcement-reveal-sources/?amp 0 Quote Link to post Share on other sites More sharing options...
Bill 13,717 Posted October 31, 2022 Share Posted October 31, 2022 Good news. I'm not sure if football clubs are like other commercial entities but if you were thinking about selling the club, this might well be maximum valuation. 1 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted October 31, 2022 Share Posted October 31, 2022 10 minutes ago, ian1964 said: Lifted from FF Sources: Rangers set to make £80m+ announcement Rangers are set to announce club-record revenues of £80million-plus in their next set of financial results, Football Insider understands. The Glasgow giants are well on course to smash their 15-year record of £64.5m from the 2007-08 campaign. Rangers’ financial triumph is mainly due to the prize money from their remarkable Europa League run to the final last term, as well as the supplementary commercial and match day cash hikes. Analysis from Football Insider has found that revenues are in line to soar upwards of the £80m mark for the 2021-22 campaign. In the context of the club’s modern history, that would be a huge spike. Rangers posted a £47.7m turnover in November last year in their last set of financial results for the period covering the 2020-21 Covid-hit season. That was nearly £12m down on the £59m generated in 2019-20 when they reached the Europa League last-16. The Scottish club landed nearly £20m in prize money from their European exploits last season. Commercial director James Bisgrove told the Four Lads Had a Dream podcast in January that he also expects the club to rake in £27.9m from sponsorship and merchandise. The Europa League has proved very lucrative during the last five seasons and been critical to the club’s balance sheet as well as their ability to attract new players. The return last season of bumper crowds at 50,000-capacity Ibrox means Rangers should comfortably surpass their 2019-20 European earnings of £20.7m European competition provides the gateway for a massive spike in revenues for Scottish clubs. As noted in their accounts, Rangers are reliant on funding from directors to sustain losses, with player sales combined with Champions League football expected to be needed to make a profit. https://www.footballinsider247.com/rangers-announcement-reveal-sources/?amp Presumably the £80 million plus doesnt include the sales of Aribo and Bassey given they were July sales. 1 Quote Link to post Share on other sites More sharing options...
Bill 13,717 Posted October 31, 2022 Share Posted October 31, 2022 3 minutes ago, craig said: Presumably the £80 million plus doesnt include the sales of Aribo and Bassey given they were July sales. That's a very good point. 2 Quote Link to post Share on other sites More sharing options...
compo 7,215 Posted October 31, 2022 Share Posted October 31, 2022 Nice 0 Quote Link to post Share on other sites More sharing options...
Bill 13,717 Posted October 31, 2022 Share Posted October 31, 2022 I think it's best not to get too excited about income. I'll be interested to see our expenditure side and especially whether any provisions have been set aside to cover particular costs. 2 Quote Link to post Share on other sites More sharing options...
MacK1950 2,399 Posted October 31, 2022 Share Posted October 31, 2022 As I said on FF, Sports Insider "understands!!" a well used Daily Record word for guessing. 2 Quote Link to post Share on other sites More sharing options...
Popular Post Sutton_blows_goats 5,464 Posted November 1, 2022 Popular Post Share Posted November 1, 2022 I'll keep my powder dry until the real experts in the Celtc support have collected thier giro money, seen our accounts and written a 18,000 word blog on how we are going into admin again next Tuesday. 7 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,740 Posted November 1, 2022 Share Posted November 1, 2022 I’d be tempted to take any Football Insider says with a large pinch of salt 🧂 0 Quote Link to post Share on other sites More sharing options...
Bill 13,717 Posted November 1, 2022 Share Posted November 1, 2022 What exactly is a "football insider" anyway? Am I one? 0 Quote Link to post Share on other sites More sharing options...
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