Kieran Maguire issues 'huge' Rangers and Celtic claim amid £600m reveal
The Scottish Premiership clubs know they cannot financially close the “huge” gap with Celtic and Rangers.
So says finance boffin Kieran Maguire, speaking exclusively to Football Insider about a recently-commissioned Deloitte review into SPFL finances.
Aberdeen, Dundee, Dundee United, Hearts and Hibernian revealed the six-month investigation on 14 September.
The quintet claim they will spend around £600million over the next decade in both operations and infrastructure.
They aim to boost the return on their investment by exploring reforms to governance, league structure, and commercial growth.
But Maguire argues Celtic and Rangers have built up an insurmountable financial advantage over the rest of the competition in Scotland.
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He told Football Insider correspondent Adam Williams: “Looking at the report, Scottish football is very political.
“The title sponsorship deal they have got with Cinch is a good deal by Scottish standards. It’s worth £8m over the length of the contract.
“But that is the equivalent of one year for a mid-level Premier League side.
“There is a huge revenue gap between the two Glasgow sides and the rest of the SPFL.
“You can understand why these clubs feel that their could be a way of improving their revenues.
“That would allow them to compete more successfully in the Europa League and the Conference League. That would be a big earner.
“I think this review is aiming at making progress there. They know they can’t compete with Rangers and Celtic domestically.
“Celtic generate five to seven times as much revenue as the sides involved.
“The wage bill of Aberdeen is £9.8m, which is in line with a club in the top end of League One. More money in allows them to spend more money.”