I had a few requests to prepare some more financial fact sheets for: (a) the two major Scottish clubs, namely Celtic and Rangers; (b) and Swansea City. Hope you find them useful #CelticFC #RangersFC #Swans
#CelticFC have been profitable for the last 4 years, helped by good profits from player sales. Revenue fell in 2019, due to not qualifying for Champions League group stage. Low debt, high cash balance, declining net transfer spend. Highest revenue, wages and profit in Scotland. 
#RangersFC have lost money in last 5 years, partly due to low profits from player sales. However, revenue has more than tripled since 2015, driven by improved performance in Europe. Largest loss, debt and transfer spend in Scotland in 2019. Wages up to £34m (65% of turnover).
#Swans revenue has fallen by nearly 50% after relegation to the Championship. Wages cut accordingly, but not enough to prevent large operating losses. Overall losses reduced by hefty profits from player sales. Low debt and high cash, but transfer spend significantly down.
