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UK data site details stark £195m profit swing between Celtic & Rangers in one image
A UK data site that specialises in football stats and financial figures has outlined the profit and loss swing between Celtic and Rangers over the last decade in one single image.
Using the data provided from each club’s annual financial figures, Game State UK has generated a bar graph that compares profit and loss before taxation dating back to 2014.
The net pre-tax financial performance over the last ten years show a nearly £200 million swing, with Rangers suffering a £110 million loss and Celtic making an £85 million profit.
In a footnote to the graph below, Game State UK stated, “The Bhoys are one of the few well-known football teams that can be said to be profitable, making a surplus in 14 of the last 18 seasons”:
Earlier this year, Celtic’s figure of £17.8m pre-tax profit was disclosed with the club’s latest annual financial figures, with chairman Peter Lawwell stating the club has £77.2m in the bank.
Rangers, on the other hand, posted their latest set of financial results at the end of October this year, reporting record revenues but a significant year-on-year loss.
The accounts released, as detailed in the above chart, show the club made a £17.3m loss.
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