VS Series
Celtic v Rangers
The Old Firm, on the books
Celtic leads on 5 of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets. Celtic is the biggest by turnover at £144m, against £94m at Rangers. Celtic keeps more of every £100 it takes, £31.82 as pre-tax profit.
The year ends are close enough to compare like for like.
Accounts compared: Celtic to Jun 2025 · Rangers to Jun 2025
Who they are
Celtic
Celtic PLC · SC003487Celtic PLC is the company that owns Celtic Football Club, a professional football club based at Celtic Park in Glasgow.In brief: professional football club · Glasgow · tickets, broadcasting and merchandise · founded 1887Full profile →Rangers
Rangers International Football Club Limited · SC437060Rangers International Football Club is the holding company of Rangers, the Glasgow football club founded in 1872.In brief: football club · Glasgow · tickets, broadcasting and retailFull profile →The Numbers
| # | Company | Turnover | Change | Pre-tax profit | Margin | Employees | Pay per head | Turnover per head | Net assets | Bank and cash | Accounts to | Basis |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | CelticCeltic PLC | £144m | +15.3% | £46m | 31.8% | 1,008 | £74,000 | £142,000 | £156m | £77m | Jun 2025 | Group |
| 2 | RangersRangers International Football Club Limited | £94m | +6.6% | -£15m | -15.9% | 326 | £177,000 | £289,000 | £45m | £31m | Jun 2025 | Group |
Ranked by turnover. Click any column to sort. The leader on each measure is highlighted. Movements are against each company's own prior year. Pre-tax profit is filed except where marked (est.).
Category winners
The Takeaway
- Celtic converts the most of its turnover. Of every £100, £31.82 reaches pre-tax profit, against a loss of £15.88 at Rangers.
- Celtic is the largest on the top line, £144m of turnover, 1.5x Rangers's £94m.
- Celtic is growing fastest, turnover +15.3% on its own prior year.
- Celtic is the biggest employer with 1,008 people; Rangers pays the most per head, an average staff cost of about £177,000.
- Celtic has the largest balance sheet, net assets of £156m.
Who keeps the most of every £100 of sales?
Celtic keeps the most: £31.82 of every £100 of turnover becomes pre-tax profit. Rangers does worst, losing £15.88.
Financing bites hardest at Rangers: £4.94 of every £100 goes on interest.
Every profit figure here is the one the company filed.
The chart splits each company's turnover into £100: what goes on people, on interest and on everything else, and what is left as profit.
Out of every £100 of turnover
Each column is £100 of that company's own turnover, so companies of any size compare on one scale; the figures are pounds out of each £100, not millions. Companies run from the best margin to the worst. Payroll is staff costs, financing is interest paid, other running costs are everything else, and profit is pre-tax profit, filed or estimated as marked in the table. A loss is not an extra cost: it is the part of the costs that runs past the £100 line, marked with a red bracket. Hover over any segment for its figure.
Who is the biggest, and does the comparison hold?
By turnover the order is Celtic (£144m), Rangers (£94m).
By headcount, Celtic leads with 1,008 employees.
The accounting periods all end in the same month. All are on the same filing basis.
Turnover on the latest filing
Who is growing fastest?
Celtic grew fastest, turnover +15.3% on its own prior year, ahead of Rangers (+6.6%).
Turnover change on each company's own prior year
Who employs the most, who pays the most, and who brings in the most per head?
Celtic employs the most, 1,008 people, against 326 at Rangers.
Rangers has the highest average staff cost, about £177,000 a head; Celtic the lowest, about £74,000.
Rangers brings in the most turnover per employee, about £289,000, against £142,000 at Celtic. It says as much about the business model as the workforce: a marketplace or a wholesaler needs far fewer people per pound than a restaurant or a gym.
Who owns each one?
Ownership as recorded on the Companies House register of people with significant control, in the bands the register uses.
Held by Mr Dermot Fachtna Desmond
An individual recorded as a person with significant control. 3 outstanding charges on the register.
Who owns Celtic →
Rangers International Football Club Limited · SC437060Held by Mr Andrew Cavenagh
An individual recorded as a person with significant control.
Who owns Rangers →
What does the full ledger show?
| Measure | Celtic | Rangers |
|---|---|---|
| Registered name | CELTIC PLC | RANGERS INTERNATIONAL FOOTBALL CLUB LIMITED |
| Company number | SC003487 | SC437060 |
| Incorporated | 1897 | 2012 |
| Accounts filed | 8 January 2026 | 7 January 2026 |
| Turnover, prior year | £125m | £88m |
| Pre-tax profit, prior year | £18m | -£17m |
| Staff costs | £75m | £58m |
| Payroll share of turnover | 52.1% | 61.4% |
| Employees, prior year | 1,051 | 292 |
| Dividends paid | n/d | n/d |
| Charges outstanding | 3 | 0 |
A figure the filing does not disclose is shown as n/d; a zero in a filing is treated as not disclosed. Rounding: below £0.1m in thousands, £0.1m to £2m to one decimal place, above that to the nearest million.
Celtic v Rangers: common questions
Who is the biggest of Celtic or Rangers?
Celtic, with turnover of £144m in the year to June 2025.
Which makes the most profit?
Celtic: £46m pre-tax in the year to June 2025.
Which employs the most people?
Celtic, with 1,008 employees in its latest accounts.
Celtic or Rangers: which is bigger?
Celtic, with turnover of £144m against £94m at Rangers on their latest filings. On margin, Celtic keeps more of each £100 as pre-tax profit. The full head to head is in the VS Series. Read the VS page →
Where do these figures come from?
Each company's latest accounts filed at Companies House. Each links to its full Spark Intel profile, which names the filing it comes from.