Comparative figures involving Rangers and Norwich City have emerged at the club’s AGM – and once again shine a bad light on the management of the SPFL.
The Gers haven’t exactly been quiet regarding their disagreement with those running the game in Scotland as title sponsorships and TV deals continue to look paltry when compared to our neighbours.
Scottish football barely stands a chance when those at the helm continue to undersell it and the latest comments about Rangers’ record-breaking revenue at the club’s AGM highlight the hurdles everyone in Scotland must overcome.
Speaking after the club posted revenues of £86.8m in their latest accounts, relegated Norwich City were also the subject of commentary from director Kenny Barclay.
Rangers AGM told how revenues compare with Norwich City
Firstly, the Ibrox director claimed that the club’s auditors are happy that the Gers can cover their day-to-day operations.
“For the first time in 10 years, auditors are comfortable with the club’s ability to pay its bills on a day-to-day basis. That represents massive progress,” said Barclay.
But Barclay added that whilst Rangers took in the substantial revenues – and finally began to turn over an operating profit – the figure actually pales in comparison to the Canaries, who were suitably financially compensated for their Premier League relegation.
Despite Rangers reaching a Europa League Final last season, the Ibrox club raised around £47m less than the Premier League yo-yo club, who made £134m, and this was used to highlight the financial disparity between the Scottish and English leagues.
But more than this it also highlights the challenges that Rangers face and why the parochial nature of Scottish football, and politicking between the suits, is ultimately damaging for the growth of our game.
The current SPFL directorate, handsomely paid might they be, have failed in their mission to keep Scottish football within touching distance of their neighbours at home and abroad.
And as a result its on Rangers to be creative with their revenue streams in order to maintain the club’s standards domestically and on the continent.
Meanwhile, Rangers have been handed something of a reality check after an £8.6m transfer rival announcement.
