The staggering reported £104m gap between Celtic and rivals in player trading profit
Celtic have made £104m more than Rangers over the last 9 years when it comes to player trading profit, according to business blogger The Swiss Ramble.
The trusted source reported this morning that the Ibrox club has only managed to accumulate £8m in transfer profits stretching back to the 2013 transfer windows.
Celtic, on the other hand, are said to have banked £112m, highlighting the mammoth financial advantage that was available to us to win 10-in-a-row.
The Swiss Ramble has gone in-depth on the Celtic accounts as it analysed the impact of Covid-19 on the club as well as our failure to qualify for the UCL stretching back to the Brendan Rodgers days.
However, Celtic have made a tower of cash in the transfer market given all of their big-money sales over the last 9 years. These include players such as Victor Wanyama, Virgil van Dijk, Fraser Forster, and Moussa Dembele just to name several.
The source did, however, explain a massive narrowing of the gap in revenue between the 2 clubs. Over the last 4 years, it’s said to have narrowed from a £69m chasm to £13m, with Celtic raking in £61m in revenue to Rangers’ £48m.
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Celtic can only blame themselves for allowing Rangers to take top spot
These figures in theory back a prolonged period of dominance for Celtic at the top of the Premiership. It should’ve led to far more than 10-in-a-row. We had the finances there to build a base and structure that would’ve made us untouchable.
Instead, bad mismanagement at boardroom level cost us. Giving the job to Neil Lennon after Brendan Rodgers was the biggest disaster in that sense. Even if it did lead Celtic to one more title, they couldn’t stop Rangers from closing in.
It’s interesting to see that Celtic still hold a financial advantage over our rivals of course. Considering they’re refusing to sell their key players (or perhaps nobody wants them), it’s clearly hitting them hard. Especially if their latest set of accounts are anything to go by.
Not forgetting the fact that the sale of the likes of Odsonne Edouard, Ryan Christie, and Kris Ajer have still to be put to use. There’s scope there for Celtic to strengthen in January and secure the title. With the UCL riches on offer this season, it’s imperative we bag them and starve our rivals of the much-needed income.
It’s just a shame we didn’t truly make it count when it mattered. The gap we held over our rivals whilst they were in the lower leagues was as big as its ever been. How we didn’t press ahead after the Rodgers era is truly criminal.
Hopefully, we can right plenty of wrongs this season.