Celtic announcement ‘is not good news for Rangers’ – ‘dramatic’ verdict issued

Celtic posted their financial results for the first half of the 2024-25 campaign last week, with profits surging to £44million for that period.

The Scottish champions posted their interim report for the six months up until 31 December on 10 February, showing their profit before tax rose from £30.3million in the same period in 2023-24.

Football Insider revealed in January that Celtic have since landed a guaranteed £38million windfall after progressing through the revamped league phase of the Champions League.

Meanwhile, Rangers reported a £17.2million loss for the 2023-24 back in October of last year.

Aberdeen’s former chief Keith Wyness – who served as CEO at Pittodrie between 2000 and 2004, had lengthy spells as the chief of Everton and Aston Villa and now runs a football consultancy advising elite clubs – insisted the Gers need “dramatic surgery” to reach parity with Old Firm rivals Celtic.

Rangers need ‘dramatic surgery’ after Celtic financial report, says Wyness

Speaking on the new edition of Football Insider’s Inside Track podcast, Wyness insisted Rangers “aren’t even in touching distance financially” with their Glasgow rivals.

Wyness also suggested Celtic could redevelop their Parkhead home after the bumper financial results, as previously discussed on Football Insider.

The ex-Aberdeen chief claimed Rangers need to “produce something out of nothing” to catch up in Scottish football.

He told Football Insider‘s Insider Track podcast: “Celtic will always do enough to keep the upper hand in Scottish football.

“In terms of where this money will go – I think there’s got to be some development of Celtic Park.

“It’s going to be difficult to keep the money in the bank when the fans want to see it on the pitch.

“This is not good news for Rangers. They’re a long, long way away – they aren’t even in touching distance financially.