Celtic and when does financial prudence become sporting underinvestment? Sport Business By most conventional measures, Celtic should be a model of how to run a football club. According to the club’s latest accounts, Celtic generated £143.6m of revenue and £33.9m of profit after tax, while finishing the year with £77.3m in cash. Shareholders have benefited too. According to FactSet, Celtic shares have appreciated approximately 153 per [...]
Hearts: Fan ownership, Tony Bloom and upsetting the Old Firm status quo Sport Business A decade ago Leicester City beat odds of 5000/1 to win the Premier League. Hearts could replicate that level of upset on Saturday in the Scottish Premiership. Because for the first time since 1985 one of Rangers or Celtic may not lift the title. Forty years ago it was Aberdeen under Sir Alex Ferguson, this [...]
Rangers takeover: 49ers promise to attract better sponsors and signings Sport Business The San Francisco 49ers will lend a “global gravitas and awareness” to Rangers that helps them attract more lucrative commercial deals and better signings, says the Scottish club’s new vice-chairman Paraag Marathe. A US consortium spearheaded by private healthcare businessman Andrew Cavenagh and 49ers Enterprises, the investment arm of the NFL franchise which also owns [...]