Rangers volatility clear after new Ibrox reveal – Finance Expert
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Rangers...
Dan Plumley has insisted there was always going to be “volatility” within Rangers accounts after they released their latest financial results.
The Bears revealed an operating cost increase of £11million with the profit shared as only £252, 000 with there being no immediate concerns.
The finance expert admitted that it is normal to have fluctuation at a club such as Rangers with everything from sporting performance to transfer activity needing to be taken into account.
“It’s normal for Rangers,” he exclusively told Ibrox News.
“Sometimes this has to do with the club and the environment they’re in, which is more times than not the league or European competition, and the other teams around them so you would expect some fluctuation year-to-year in football.
“We get that volatility dependent on sporting performance, transfer activity and European competition or not, so there are those factors to throw into the mix.
“If you look at that then with the case of Rangers and the broader picture of Scottish football finance, we’ve seen a really strong few years for Rangers both on and off the pitch, look at the Europa League cup run to the final, look at some of the European nights they’ve had and that’s then driven the finances, but it also then drives an expectation challenge that you have to battle with which is where the investment comes in.
“So, they have to go again, they have to spend a little more on players, they have to up the wage bill and pay for these expensive managers and that can then cause some fluctuation in the figures and of course, with the nature of Scottish football, it’s slightly better now in terms of qualification for Europe, but it’s still quite tricky and there are no guarantees that you get to the Champions League group stages or you go deep into tournaments.
“I still think there is a real factor with Rangers finances that we need to be acutely aware of that will depend on European performance and that’s going to bring that fluctuation.
“We have seen that play out if you track back for Rangers finance over the past four to five years, so, in the bigger picture you would expect some of that volatility and fluctuation I don’t think the accounts are any cause for concern right now, because we’re tracking a bigger picture with Rangers.”
In other Rangers news, Plumley has insisted that the club can argue they have missed out after a £900m+ deal was signed off