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Celtic’s Cash Reserves Outshine Rangers
Celtic continues to widen the financial gap with Rangers, boasting over £75 million more in cash reserves. Recent reports indicate Celtic’s year-end cash has risen to £77.2 million, while Rangers disclosed just £1.7 million in their latest accounts for the 2023-24 season.
Revenue Insights: Celtic vs. Rangers
Despite Rangers achieving a record-breaking revenue of £88.3 million, their total income still lags behind Celtic, which reported a club-record £124.6 million. This disparity highlights the ongoing financial challenges faced by Rangers, despite their efforts to increase core revenue.
Profit vs. Loss: A Tale of Two Clubs
While Rangers recorded a net loss of £17.2 million, Celtic enjoyed a profit of £13.3 million this past year. The contrasting financial health of the two clubs underscores the challenges Rangers face as they navigate their fiscal landscape.
Transfer Market Struggles
Both clubs faced difficulties in the transfer market, with Rangers incurring an £8 million loss on player transactions and Celtic not far behind with a £4.9 million deficit. This reflects a challenging environment for player acquisitions in Scottish football.
Wage Bills: Different Strategies
Rangers have managed to reduce their wage bill by £2.9 million, bringing it down to £61.1 million. In contrast, Celtic’s wage expenses increased by £4.8 million, reaching £65.6 million. This increase in spending has been linked to Brendan Rodgers’ successful tenure, which saw him lead Celtic to a Scottish Premiership title and Scottish Cup victory.
European Football Prospects
Rangers’ European ambitions took a hit as they failed to qualify for the Champions League, settling instead for a spot in the Europa League. Financial expert Stefan Borson suggests that Rangers will earn significantly less in the Europa League compared to the £50 million Celtic is expected to generate from their Champions League participation.
Current Standings: A Tough Climb for Rangers
As the Scottish Premiership progresses, Rangers find themselves third in the table, trailing behind Celtic and Aberdeen by nine points. The prospect of returning to Champions League football next season appears increasingly bleak for the Ibrox side.
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