Football rivalries · Money from the clubs' latest filed accounts
Celtic v Rangers, the Old Firm derby: who is winning on the books?
Celtic's turnover of £144m is £50m ahead of Rangers' £94m. Celtic made a pre-tax profit of £46m; Rangers lost £15m before tax.
Bigger turnover
Celtic
£144m v £94m
Pre-tax result
Celtic
£46m v -£15m
Which club is richer?
Celtic's turnover of £144m is £50m ahead of Rangers' £94m. Celtic made a pre-tax profit of £46m; Rangers lost £15m before tax.
For the full accounts comparison, turnover to ownership, see Celtic v Rangers in the VS Series.
Celtic spends more on wages, with staff costs of £75m against £58m. That is 52.1% of turnover at Celtic and 61.4% at Rangers.
| Latest filed accounts | Celtic Year to Jun 2025 | Rangers Year to Jun 2025 |
|---|---|---|
| Turnover | £144m | £94m |
| Turnover growth | +15.3% | +6.6% |
| Pre-tax profit | £46m | -£15m |
| Staff costs | £75m | £58m |
| Wages as a share of turnover | 52.1% | 61.4% |
| Net assets | £156m | £45m |
| Cash | £77m | £31m |
| Employees | 1,008 | 326 |
Figures from each club's latest accounts at Companies House: CELTIC PLC (SC003487) and RANGERS INTERNATIONAL FOOTBALL CLUB LIMITED (SC437060). Borrowings are Spark Intel's estimate from the balance sheet. Full club finances: Celtic and Rangers.
Where does each club's £100 go?
Each club's turnover split into £100: what went on wages, what went on everything else, and what was left before tax. "Everything else" is the rest of the costs after player sales and other income, so a club that sells players well can spend more than it takes in and still show a profit.
WagesEverything elsePre-tax profitLoss
Celtic
Of every £100 Celtic took in, £52 went on wages, £16 on everything else and £32 was left as pre-tax profit.
Rangers
Of every £100 Rangers took in, £61 went on wages and £55 on everything else: £16 more than came in, a pre-tax loss.
How did each club's year go?
Celtic's turnover rose 15.3% to £144m. Its pre-tax result went from £18m to £46m.
Rangers' turnover rose 6.6% to £94m. Its pre-tax result went from -£17m to -£15m.
| Celtic, latest | Year before | Rangers, latest | Year before | |
|---|---|---|---|---|
| Turnover | £144m | £125m | £94m | £88m |
| Wages | £75m | £66m | £58m | £61m |
| Pre-tax result | £46m | £18m | -£15m | -£17m |
Both years from each club's latest filed accounts. Club pages: Celtic · Rangers.
Celtic v Rangers: common questions
Which club is richer, Celtic or Rangers?
Celtic's turnover of £144m is £50m ahead of Rangers' £94m. Celtic made a pre-tax profit of £46m; Rangers lost £15m before tax.
How much of Celtic's turnover goes on wages?
£52 of every £100 (52.1%) in its latest accounts. Of every £100 Celtic took in, £52 went on wages, £16 on everything else and £32 was left as pre-tax profit.
How much of Rangers' turnover goes on wages?
£61 of every £100 (61.4%) in its latest accounts. Of every £100 Rangers took in, £61 went on wages and £55 on everything else: £16 more than came in, a pre-tax loss.
Who spends more on wages?
Celtic spends more on wages, with staff costs of £75m against £58m. That is 52.1% of turnover at Celtic and 61.4% at Rangers.
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