Bobsbargains2 Jan 2013 12:57
Celtic have actually earned £23M from their Champions League run this year, and they could net more if they progress further. This does not include the additional gate money and matchday activities from the Group Stages and beyond. It is estimated that this will take it to £27M+. They also have a number of players attracting significant attention from teams in the EPL and elsewhere, notably Wanyama, Foster (England's No. 2 goalkeeper) and Hooper - figures being thrown around would suggest £30M total for the 3. The £7.2M is small potatoes and I don't think solvency is a word to be used given the numbers involved. Celtic are a prudently run business and will be cash-rich at the end of this season.
I agree that the difference in valuation between Celtic and Rangers is curious. Rangers are debt free with a strong brand and loyal customer base, but also have issues which will effect their growth. TV and Sponsorship money will be a challenge in the lower divisions, ticket prices for lower league games must through necessity be reduced, and Ibrox stadium has asbestos issues that will require many millions to be sorted out (which was for some reason not mentioned in the lead up to float).
Rangers may be over-priced, Celtic are definitely underpriced.