A meaningless win is always better than a meaningless defeat, but in the larger scheme of things, yesterday’s game against Liverpool is no more significant than last month’s games in Germany. They are about building fitness and, if necessary, trying new things.
Amido Balde was the winner yesterday. Some were already writing the player off, not because of any performance inadequacy, but because he was not being deployed competitively. Victor Wanyama joined two years ago but spent the first six months of this stay warming the bench with Brown, Ledley and Kayal ahead of him.
Five months ago Rangers International FC PLC released their interim accounts, noting that their recurring operating expenses of £2.371m, were £1m per month more than their income.
£1m per month!! To a club which has no bank borrowing facility! Yet the alarm bells didn’t ring everywhere. Roll on five months, 34,000 fans have been separated from their cash in return for season tickets, and now the alarms are ringing all over the place, not just the Celtic online media.
This is not news to anyone reading Celtic Quick News but in life, it’s often not so much the message as the messenger that’s significant. That the mainstream media feel it’s appropriate to ‘tell it as it is’ about Rangers International’s finances, is a measure of how acute the situation is.
As we’ve been saying here for years, it takes close to £20m p.a., before you employ a footballer or coach, to run a football club which can accommodate circa 40,000 spectators on a regular basis. Add your football budget onto that £20m and you have an idea of the cash needed to be a ‘top’ Scottish club.
Rangers International’s interim revenue for seven months was £9.5m which annualised up would be £16.3m. There is a huge structural gap which no one has been able to even remotely suggest a way to bridge.
Now Dave King has told the Herald what we’ve been saying for a while, “Celtic are building reserves by selling top players that they won’t need until Rangers are back (sic) competing with them. The way our finances are being run we could end up with a gap that is too large to bridge.”
It takes hundreds of employees to run a football club at a busy Ibrox Stadium. There are policing, rates, utility, insurance and stewarding costs, which you can’t do anything about. Even if they double income, they’re still going to be left with a fraction of Celtic’s football budget.
As Dave King suggests, this is not a short and medium term problem, the gap is already too large to bridge. King is wrong on one factor, Celtic will not store reserves awaiting a challenge from Rangers International (or a successor club), they are managing player assets as part of an on-going Champions League development strategy.
The other lot are finished, I tells ya’, finished! This is Private Fraser doing his Dave King impersonation:
824 Comments- Pages:
- «
- 1
- ...
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- ...
- 22
- »
TONYG
Think there is at least one full size 4G pitch at Lennoxtown, with a half pitch too, presumably for set pieces.
The greatest tragedy if Irelands struggle for freedom was that it was dominated by the forces of social and economic conservatism.
That is all……..
desertbhoy
18:54 on
11 August, 2013
Tired of this, thought it was a Celtic fc forum
Tired of what ?
desertbhoy
18:54 on
11 August, 2013
Tired of this, thought it was a Celtic fc forum….
I know its tedious.
Whos your favorite Irish Celtic players 11.
1. Packy Bonner
2.
3. Anton Rogan
4. Bertie Peacock
5. Mick McCarthy (Barnsley division)
6. Neil Lennon
7. Patsy Gallagher (Clydebank Division).
8. Roy Keane
9. Sean Fallon,
10. Robbie Keane
11. Charlie Tully
what is the stars
18:51 on 11 August, 2013
Proudbhoy
To me the boys of kilmichael And the men from crossmaglen are the same.
Interesting
Would any of these Crossmaglen men know what happened to Paul Quinn
—
Im not sure but doesnt sway my respect from alot of men and women from that area.
Hopefully you can bring his killers to justice and at the same time those who failed the people of the 26 during the boom. Alot thankfully are still with us so they can still be saved. Unlike paul quinn sadly.
And there was alot more innocent people who died in south armagh than paul quinn but sure what ever helps you try and win a debate.
Gordon
18:02 on 11 August, 2013
leftclicktic @ 17:03…
Email sent re Kazak travel.
————&
Zbyszek
Thank you but I just reposted a tweet by CelticFCSLO@CelticFCSLO
I think it is the new Bhoy J Paul Taylor and he will try and keep travelling fans updated as he gets information,
but I have been often wrong before:))
The follow up tweet was
CelticFCSLO@CelticFCSLO3h
At present i don’t have any further details but will help to have this info to hand due to time constraints
saint stivs
19:03 on 11 August, 2013
desertbhoy
18:54 on
11 August, 2013
Tired of this, thought it was a Celtic fc forum….
I know its tedious.
Whos your favorite Irish Celtic players 11.
1. Packy Bonner
2.
3. Anton Rogan
4. Bertie Peacock
5. Mick McCarthy (Barnsley division)
6. Neil Lennon
7. Patsy Gallagher (Clydebank Division).
8. Roy Keane
9. Sean Fallon,
10. Robbie Keane
11. Charlie Tully
__
aiden mcgeady before roy keane anyway.
Love keano but aiden did alot more for celtic than him.
Zbyszek
Thanks for your kind words my friend. It is difficult just now and hearing of the difficult times going on in your family adds to my sad feelings.
We’ll correspond soon by e.mail and I’ll come over for a long weekend. Think malorbhoy might want to come along.
I’ll be in touch.
Wits- I see Celtic as a club of the Irish diaspora. I am part of that diaspora albeit one who has ‘ come back’ – and having seen things from both sides of the Irish sea i am comfortable with that. The older i get the less i care about nationality. I am proud of what i am and where ‘culturally’ i come from. Celtic represent me as much as any country could. Their history is my history. I can’t force that on guys from small town Ireland who know nothing of the Irish in Scotland or London or Boston…….
I really need to tidy up my thoughts on this and write it down.
Had a sneaky wee look at a couple of Liverpool FC blogs there while watching yesterday’s game. Now judging by what I am watching on the TV it would appear that LFC hold a bigger appeal for the residents of the ROI than CFC does. Failed to detect any references to Irish politics on the Liverpool blogs. Also I am probably correct in correct in saying that 99% of those attending Celtic Park on a regular basis are not qualified to vote in Irish elections and never will be.
Ps Nice touch to see Mr Lennon yesterday rest Broonie Forrest and Mulgrew ahead of their likely participation in the game against England on Wednesday
Proudbhoy
Not trying to win a debate
Just asking would any of these brave fighting men from Crossmaglen know what happened to Paul Quinn
Thats all
Anyway its pointless
we will never change our points of view
I am very cynical in my attitude to SF
But good luck to you if you think they are the great patriots you presume them to be
mcgeady can go left back, knew i was missing someone obvious
Chris Morris?
Anyone else get the feeling we are just going to sign Kevin Doyle here?
The encroachment of English football is happening in Scotland too.
Anyone kids play FIFA on PS3 or X-box? Mines do, and the EPL players are faster, stronger and better than most other leagues, certainly the case when compared with the SPL.
Match of the day, prime time slot, on a Saturday night; Scottish football is relegated to a less attractive Sunday evening.
My oldest has little interest in Scottish football.
We are on a slippery slope.
Chris Morris at right back?
Rocket Man
19:09 on
11 August, 2013
Chris Morris?
good shout.
i am missing some famous names from the beginning, need to get on celticwiki
Mom O’Sylla
Please don’t bite at the fare cheats attempts.
Dave King! – he who walked first, offski after his introduction to Chortles Green’s original plan, and jumped on a plane back to South Africa.
He said the ‘business plan’ presented to him couldn’t/wouldn’t work, no surprise somebody at the Sunday Herald remembered and got him on the phone. The trouble for Sevconia is the media preferred CG’s 500,000,000 supporters story, and look where it gets them?
This is Sevco repeating another clubs mistakes in trying to be a footballl club, more than a decade of media moonbeams, floating pitches, casino’s, and lies that somehow David Murray was a sugar daddy, who would pay.
In the end he paid for nothing, ran them into the ground, and they have no way out.
The notion that Celtic are ‘stockpiling’ for a zombie return is just as far fetched, as Sevco being the same club.
tonyg
18:53 on 11 August, 2013
Build a new Golf course at Lennoxtown for Dermot and his cronies and name it Celtic Castle and then charge the locals £500 a round
Kojo
Ah’ll see your 3.5M and raise you 2.5M (kelvin money)
That ought to do it…
Need to be willing to spend that little bit more for that
most precious footballing commodity – natural goal scorer.
We all seem to be in agreement that Finnbogasson is the man for the job.
Great stats and an impressive repertoire of goals.
Get him signed!
Remember someone pitching Ibrahima Toure the other day,
he seems capable of producing the spectacular, but I’d be far
more happier with a player who is very good at the simple things.
Clinical, Consistent, Composed -It’s got to be the Iceman.
Think it was WGS who first introduced Nemanja Nikolic to the blog,
I’d be quite happy to see that man in the hoops. He’d a good range of goals,
great finisher with good stats, albeit hailing from the Hungarian leagues.
But a natural goalscorer is well, just that, a natural goalscorer.
And I’m pretty sure that’s just what we’re looking for.
OHH OHH
What is the stars 18 02
Pearse Balcombe Street Doherty,could you explain that.?
Aye and some of of our more esteemed posters judge our potential signings on they perform in Championship Manager
looking for a bit of techy help
for the last few days i cant get on to the
etims site as avg says it has been infected
with a virus
it also says the virus has been removed but i
still cant get the site up
anybody else had the same problem
Dear oh dear.
What a sad life you live. Clown.
Imagine 40 year old weans still playing with X-Boxes and Playstations
saint stivs
2. Chris Morris
winning captains
16:40 on 11 August, 2013
Having gone two goals down the young Celts fought back today to beat a very strong Manchester City team 3-2 at Lennoxtown. Our young Australian made his Celtic debut in this match and is just back from the match – he’s completely buzzing and delighted to have now worn those famous hoops. He had a volley cleared off the line so nearly got his first goal too. Willie Wallace rates the boy very highly and he seems to be doing really well at the club. Fingers crossed.
——
Whats the lads name
*Cornish Division
Kevin Doyle is a racing certainty to sign.
Fits into the price bracket, will score goals.
I would love us to sign Finbar, but in all honesty can’t see it, sad to say, I pray PL proves me wrong.
mickbhoy1888- There is already a golf course in Lennoxtown- Campsie GC, great wee track with spectacular views. Has one of the best par 3’s in the country, 14th- The Puddin Bowl.
Don’t see Dermot developing that in a Country Club!
I know three guys who live in Troon – all Scots – who support Man Utd. At least they are not huns.
They belong to an Ayrshire supporters club and, fair play to them, do attend matches fairly regularly.
One of them used to be a Celtic fan, but switched his allegience when Lou Macari joined them in the 70s – he was his favourite player!
They all have absolutely NO interest in Scottish fitba’.
HH!!
Just what the world needs…
New York Post @nypost
Lethal nerve gas discovered at JFK Airport; two customs agents hospitalized.
The highly lethal nerve agent VX — used in
weapons of mass destruction — appears to
have been discovered in a mail facility at JFK
Airport and sickened two US customs agents
this morning, a law-enforcement source said.
Both victims suffered respiratory distress and
were taken for emergency treatment after
being overcome while inside the US Postal
Service facility on North Boundary Road at
9:40 a.m., the source said.
Initial testing after the incident revealed the
presence of “chemical-grade weapons and
nerve gas,” and subsequent testing produced a
positive reading for VX, the source said.
VX is a synthetic substance that is the most
potent of all known nerve agents and can
cause death through skin contact or
inhalation.
The scene of the incident is a giant facility
that processes overseas mail bound for the
eastern United States.
The building and a US Customs facility about
a quarter-mile away have both been
quarantined, but airport operations so far
remain unaffected.
Maybe if they didn’t manufacture the nerve gas in the first place !!!!
Imagine a former pig cheating Celtic supporters out of a tenner.
ElDiegoBhoy
Good to hear about the plan. Looking forward.
………………………..
Do you remember Emmanuel Emenike from Spartak Moscow? Many of you wanted the player to come in to Celtic. Paul67 mentioned about allegations concerning match fixing at Fenerbahce.
So, Spartak and Fenerbahce probably heard about raw coffee transactions in advance on London SE.
Emmanuel Emenike from Fenerbahce to Spartak Moscow – 9 500 000 euros.
Emmanuel Emenike from Spartak Moscow to Fenerbahce – 13 500 000 euros.
Deal confirmed, washout invoices sent.