Former Rangers star Kris Boyd has voiced concerns over the club’s financial management, contrasting it sharply with Celtic’s approach. Boyd suggests that Rangers have been “run by the heart,” prioritizing heavy spending to catch up with their rivals, while Celtic has taken a more calculated, business-minded approach.
Boyd’s remarks come as Rangers announced an operating loss of £17.2 million for the last financial year, despite achieving record core revenue of £88.3 million. The financial strain is compounded by a challenging season under Philippe Clement, heightening concerns among fans. Meanwhile, Celtic’s Champions League success has bolstered their financial standing, with Brendan Rodgers’ team poised to earn even more from UEFA prize money as they push for the knockout stages.
Speaking on *The Warm-Up*, Boyd highlighted Rangers’ struggle to balance income and spending:
>”It’s all well and good having money coming in, but if you don’t spend it wisely, you could end up in trouble. Celtic have built a solid financial model over the years. While their fans may demand spending, they’ve operated with caution, unlike Rangers, who seem driven by the urgency to invest heavily to compete.”
Craig Levein, a fellow pundit, echoed Boyd’s sentiments, stressing that even Celtic must maintain a cautious approach despite their European success.
>”Celtic know they can’t close the gap on Europe’s giants. Overspending could lead to financial instability.”
Former Celtic boss Gordon Strachan added that a reckless spending spree could destabilize any club:
>”If you spend £200m, the wage demands skyrocket. One bad season and the club is in jeopardy.”
The contrasting strategies highlight the financial challenges and risks faced by Scotland’s top clubs as they navigate the demands of domestic and European football.
GET MORE NEWS HERE
Leave a Reply