Celtic’s accounts were released at the start of September and it is fair to say the club is in a very health position.
£6m pre tax profit with £30m in the bank and plenty of sellable assets will keep the club on a firm footing for years to come.
And that’s before you mention Champions League money, season tickets revenue and all the other trimmings that come with being a successful football club.
And as yet, we are still to hear anything from the *Rangers board regarding their financial status.
Years of running at huge losses have, finally it seems, been offset with their European run and qualification for the Champions League but lack of serious investment and player sales suggest that there could still be a financial bridge to gap over in Govan.
Phil Mac has revealed in his latest blog that his sources have let him in on the expected losses over at Ibrox and what UEFA are taking a particular interest in after highlighting the club as ‘one to watch’ regarding FFP:
Looks like there could be trouble ahead for the Ibrox outfit. Even if there is another loss posted, surely it shouldn’t be half as bad as it has been over the last few years considering the amount of money they have claimed to have raked in on their last three transfers?
We shall wait with baited breath.
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