“It has always been BAD news for Rangers this week” Ibrox Exclusiive: Celtic get extra £75m – Rangers are blown out of the water

Celtic’s Financial Dominance: £75 Million Cash Advantage Over Rangers

A recent financial report reveals Celtic holds a substantial £75.5 million cash advantage over Rangers, exacerbating the financial disparity between the Old Firm rivals.

Rangers’ Latest Accounts

Rangers’ 2023-24 accounts, released on October 29, show:

1. £1.7 million cash in the bank.
2. Record-breaking core revenue of £88.3 million.
3. Total income of £94.2 million.
4. Net losses increased by £4.1 million to £17.2 million.

Celtic’s Financial Strength

In contrast, Celtic’s year-end cash rose by almost £5 million to £77.2 million, with:

1. Revenue increasing from £119.9 million to £124.6 million.
2. A £13.3 million profit.
3. Wage bill increasing by £4.8 million to £65.6 million.

Transfer Market Performance

Neither club excelled in the transfer market, with:

1. Rangers making an £8 million loss.
2. Celtic recording a £4.9 million deficit.

Rangers’ Cost-Cutting Measures

Rangers successfully reduced their wage bill by £2.9 million to £61.1 million.

Champions League Revenue

Finance expert Stefan Borson estimates Celtic will earn £50 million from the Champions League, significantly more than Rangers’ Europa League revenue.

Implications for Rangers

Rangers’ diminished chances of Champions League qualification next season, currently sitting nine points behind Celtic and Aberdeen, further widen the financial gap.

Key Takeaways:

1. Celtic holds a £75.5 million cash advantage over Rangers.
2. Rangers’ revenue increases, but net losses grow.
3. Celtic’s financial strength fuels domestic dominance.
4. Champions League revenue exacerbates financial disparity.

Additional sections that could be added:

Old Firm Financial Gap: Historical Context

• Analysis of the financial disparity’s evolution.
• Impact on competition between Celtic and Rangers.

Celtic’s Financial Strategy

• Examination of Celtic’s revenue streams.
• Investment in youth development and infrastructure.

Rangers’ Rebuilding Efforts

• Analysis of Rangers’ cost-cutting measures.
• Potential impact on long-term competitiveness.

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