Celtic Secures Stunning £75m Windfall as Rangers Left in the Dust!
Celtic currently holds over £75 million more in cash reserves compared to Rangers, underscoring the widening financial gap between the two Old Firm rivals. Recent financial disclosures revealed that Rangers have a cash balance of £1.7 million at Ibrox, with their core revenue rising to a record £88.3 million. However, this pales in comparison to Celtic’s impressive revenue of £124.6 million for the year.
While Rangers reported a net loss of £17.2 million, Celtic posted a healthy profit of £13.3 million. Both clubs faced challenges in the transfer market, with Rangers experiencing an £8 million loss on player transactions, while Celtic recorded a £4.9 million deficit. Despite cost-cutting measures leading to a reduced wage bill at Rangers, Celtic increased theirs by £4.8 million to a total of £65.6 million.
As Celtic celebrated success in the Scottish Premiership and Scottish Cup, Rangers struggled under Philippe Clement, who failed to secure a Champions League spot after their defeat in the qualifying rounds. The chances of a Champions League return for Rangers appear slim, as they currently sit nine points behind Celtic and Aberdeen in the league standings.
