Sport nationCeltic’s £50m Financial Advantage Over Rangers Spells Doom for Ibrox Club
A football finance expert warns that Celtic’s significant financial lead over Rangers will be difficult to overcome. The Hoops’ latest accounts show a record-breaking revenue of £124.6million, surpassing Rangers’ £83.75million.
Stefan Borson, former financial adviser at Manchester City, notes Celtic’s impressive financial gains. Their wage bill of £60million is manageable, and their Champions League participation provides a substantial advantage.
“Celtic’s wage bill is more under control than most Premier League teams,” Borson said. “They are actually quite well-placed… Their wage bill for 2023 was £60million, which would be at the bottom of the Premier League.”
Borson emphasizes the significance of Celtic’s Champions League revenue: “It’s a big advantage over Rangers, who just won’t have let’s say £50million that comes from the group stages… It’s probably pretty close. It’s just an enormous advantage they have over Rangers.”
This financial gap could prove insurmountable for Rangers, trailing Celtic by five points in the Premiership. The two teams may meet in the Premier Sports Cup final if they win their semi-final matches.
Key points:
- Celtic’s revenue rose 3.9% to £124.6million
- Record profit for the third consecutive year
- Rangers’ revenue was £83.75million in 2022-23
- Celtic’s wage bill is £60million
- Champions League participation provides significant financial advantage
Celtic’s financial dominance may cement their position as Scottish football’s top team, leaving Rangers struggling to catch up.
Sport Nation 2
Amina Umar
Sport nation