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Rangers publish full accounts for year ended 30 June 2020. Despite Covid-19 revenue increased by 11% compared to 16% decrease at Celtic. Gap between two clubs down to £11m from £30m in 2019
Rangers matchday income up 12% compared to 17% fall for Celtic.
Rangers broadcast income up 24% compared to 12% decrease for Celtic.
Rangers commercial/other income down 5%, compared to17% at Celtic
Rangers wages up a quarter to £43 million, Celtic have not published 2020 wage data yet but was £56m in 2019.
Rangers transfer fee amortisation (transfer fees spread over contract period) up a third to £7.6m. No figures for Celtic yet who had £9.7m in 2019.
For second consecutive year Rangers& #39; day to day losses are lower than those of Celtic, although the latter have offset these through player sales.
Rangers continue to focus on player recruitment whereas Celtic& #39;s business model is usually to sell one player for a large fee each season to offset operating losses. Since 2014 Rangers have made £6m from player sale profits compared to £97m for Celtic
Rangers ended up with pre-tax losses of £340k a week compared to Celtic breaking even.
Since 30 June 2020 Rangers have made a further investment in the squad of £15m, borrowed £4.5m in loans and converted another £13m of debt into shares.
