With so many resources available, the question of where Rangers and Celtic might finish in the Premier League has been addressed time and time again. Kieran Maguire has provided a fresh assessment on the matter.
The football finance specialist found that the Scottish powerhouses lag behind Manchester United and Arsenal when comparing their matchday earnings to the Big Six Premier League clubs. To give them some perspective on what they could have done with Premier League money, he also revealed that Rangers had the second-highest revenue in the UK during the inaugural Premier League season.
“If we go back to the very first season of the Premier League, Rangers had the second-highest level of revenue of any club in the U.K.” Maguire said in an interview with The Price Of Football podcast on January 22. Thus, they made more money than Arsenal, Liverpool, and so forth, excluding Manchester United.
When we look at Celtic during that season, their revenue exceeded that of Manchester City and Chelsea, who have been the most successful teams in recent years—with Liverpool, of course.
“If we look at the position now, Celtic are making just short of £50million per year from matchday income, Rangers are making around £40million. That includes European income. Where does that put them compared to the Big Six? It puts them a wee bit behind.
The matchday income is significantly behind that of Manchester United, Arsenal, Spurs and Liverpool, it’s a little bit behind Chelsea and mid-way behind Manchester City, so those clubs [Rangers and Celtic] would be similar to West Ham and Newcastle – the top end of the other 14 in terms of their revenue.
“I refer to some of our secret chief executives and friends in the English game to say what are the chances of this ever taking place, and those chances are zero, or close to zero. From the perspective of those Big Six clubs, they don’t want competition.”
All hypotheticals, but the result would be clear
Without a doubt, Rangers and Celtic would be fighting for a top-four spot if they were in the Premier League and had Premier League revenue.
Even though English supporters frequently bring up the fact that the squads aren’t good enough to compete as it is, with the TV revenue and financial resources available to the teams in that league, both Old Firm clubs would grow significantly in size over the course of a few years.
Maguire explains that this is the reason English clubs would not want this to happen. It would never be investigated since it jeopardizes the dominance of the larger English clubs, regardless of the feasibility or practicalities of it.
It’s a lively issue that resurfaces every year or so, but both Old Firm teams are already competitive when it comes to revenue, so adding TV money on top of that would help them both prosper in England and challenge for the top spot.
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