By Kieran Maguire

30th Sep, 2023 | 7:30am

Kieran Maguire urges Rangers to match Celtic as £40m news confirmed

Rangers should look to copy Celtic’s business model after they posted profits of £40million in 2022/23.

That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the sustainability of Celtic’s business model during transfer windows.

The Glasgow giants posted their 2022/23 accounts this month revealing profit before tax of £40.7million.

In comparison, Rangers’ operating profit in 2021/22 following their run to the Europa League was £5.9million.

On the back of their treble-winning season, Celtic once again returned a profit in the transfer window thanks to the sales of Jota and centre-back Carl Starfelt.

Maguire believes Rangers should look to copy Celtic’s business model in order to close the financial gap between the two Scottish sides.

“The Celtic business model historically has broadly been to to try to break even on an operational level and then sell one or two players in the summer window to generate profits which get put back into the transfer market,” Maguire told Football Insider’s Sean Fisher.

“So it is a long-standing model and it’s one which has worked for them, and I suspect it will be one they want to maintain.

“I would also imagine that’s what Rangers will be looking to replicate because the alternative is losing money on an operational level.

“If you don’t sell at least one player over the course of the summer or in one of the major windows, then you’ve got to go to the owners and ask them to effectively fund or subsidise the losses, which I don’t think they want to do.

“It’s not good from a sustainability perspective.“

In other news, Kieran Maguire drops £34m Rangers reveal after big Celtic development