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“When you look at the League Cup final reality,” Michael Stewart ignited this truth bomb that would upset the Ibrox fans
This week, a curious narrative has emerged about the gap between Celtic and Rangers following the League Cup final.
It appears that because Rangers pushed Celtic to penalties, the margin between the clubs is not as large as previously imagined.
Let’s not forget that Celtic are unbeaten in the league, 11 points ahead of Rangers, having won the first two Glasgow Derby games of the season, and have a large, talented squad.
Michael Stewart appears to have taken all of this into account when he revealed the’reality’ of Rangers’ current financial condition in comparison to Celtic.
Michael Stewart says Rangers ‘are nowhere near the club the Celtic are’
The talk was about how Rangers will take the next step towards Celtic after the League Cup final, when Stewart dropped this bombshell that will enrage the Ibrox fans.
Stewart told The Scottish Football Social Club, “Ultimately, we’re just talking about the team and what they require.”
“When you look at it, I think Rangers’ turnover was about £80-odd million. Celtic’s was £120m. That’s a 50% uplift. And Celtic made a massive profit, and Rangers lost £17 million.
“So you’re talking about a gulf that is huge, right? But the perception is second is just nowhere. But the reality is that Rangers, at the moment, are nowhere near the club the Celtic are.”
Michael Stewart is ‘struggling’ to see how Rangers can catch Celtic
That is not all. Stewart goes on to claim that he is also’struggling’ to see how Rangers can bridge the financial gap as Celtic continue to get richer.
“They can’t financially compete,” continues Stewart, “They’ve tried to bridge that gap in the last decade and they managed to win the league in that one year.
“But I’m struggling to see how they are going to be able to bridge that gap financially to be able to compete every year.
“Genuinely compete and I don’t know how they do that.”
Celtic have the opportunity to strengthen in the January transfer window. According to new Kieran Tierney Hoops transfer reports, Brendan Rodgers aims to do just that.
Rangers, on the other hand, must attempt to save money to balance the books, and with Celtic’s current financial muscle, the Parkhead club has the ability to pull even further ahead without putting a dent in their bank balance.
Rangers may have financial difficulties in the coming years as Celtic continue to invest heavily to strengthen the first squad.
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