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:
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lionroars67
20:52 on 11 August, 2013
Come along and ask him….
Twitter.
Shakhter Karagandy V Celtic Live on ITV 4 from 4pm.
djbee
Dya mean all five seasons
Greenlion2
20:54 on
11 August, 2013
Not for me sorry, have nothing but contempt for the SFA and their referees
Cheats one and all
DJBEE
20:53 on 11 August, 2013
if you can wait till tomorrow I believe you can get it legally on Netflix UK – there are no plans yet to put it on the US Netflix yet
if you can’t wait you can get it from one of the numerous streaming sites
BSR
Are they oné in the same company Magners and blackthorn or is it hawthorn ?
Naturally if Celtic plc cared about our health and safety really they would choose not to sponsor alcohol.
HH
GL2
No Johnny Gaghan on the wing? :-)
HH
CRC
DJBEE
20:53 on
11 August, 2013
If you mean Breaking Bad.
Best bet is to take Netflixs free 1 month trial
First 4 seasons are on it
mickbhoy1888 As I have stated before no matter who backs you up, you are no Celtic fan ,you don’t know the meaning of the words you wont be missed home or away
DontPatmadug
20:58 on 11 August, 2013
first half of season 5 is on it as well
jeez_I_thought_blinker_was_pants
Yes just a short stroll of maybe 15 mins
BB
DJBEE
20:53 on 11 August, 2013
Wherecan I get BB?
http://watchseries.lt/serie/breaking_bad
Jeez_ blinker etc
Whilst over in Belfast after our St Patrick`s weekend bike ride, I walked from out hotel to the Ferry and passed the Titanic thingy en route so, although I cannot be precise, I would say it was comfortable walking distance,
JJ
Awe_Naw
The Blackthorn bit is embarrassing is it even a brand? a sponsorship? or a liquid(isation)
Season ticket sales safely in, then whoosh close section 111.
How would that have gone down, with floating voters?
They were warned – my a**e
Cheers BIGbones8867
Shakhter Karagandy V Celtic Live on ITV 4 from 4pm just been posted online
AND Jungle Jim
mickbhoy1888
As you are so disillusioned with Celtic, why do you still post on here?
JJ
CRC after last year John was red carded and on a long suspension….I think it is up after the club shutsdow….
lionroars67.. We have had a lot worse than Willie Young in the club… We’ve even had the sharp suited man….. and Jinky
jeez
You are welcome.
JJ
Misery loves company
DontPat
That gives you a month to watch all four seasons?
Fantastic weekend ! 2nd string Hoops pumpt that red keech in Dublin. ! Young sis arrives from Melbourne for first time in 9 years for quality family time ! REBELS pump the jacks and are going to win the Liam Mc Carthy and the Toffees beat Betis 2-1,.!!!! Ah life’s good !! How oft in my thoughts does my fancy take flight to the home of my childhood away ………. !
Just lovin this Rebel yell lol !
Ps to WITS ! Better luck next year m8 as the green and red are SURE winners of the Sam this year ! Jail Hail !!!
BSR
It’s fairly clear to me that the board want to smash the GB
Question is why??
I’m being serious here, honestly. Can anyone explain to me how not even one intelligent (and there must be one, surely???) sevco supporter seemingly realises that their new team is about to hit the financial buffers once again? They can’t all live with their heids in the sand, can they??? Very, very odd, imo.
Toffee
Mayo looked very good against Donegal (thank god they dumped them and their negative football)
Hopefully they will send Tyrone packing (another dreadful cynical team)
A dublin mayo final would be a good spectacle and while I would expect dublin to win handsomely as always I would not begrudge Mayo a win
Just for Toffee Tim
I have sought to discover a haven of rest
Where the sun sinks by night in the land of the West
I have dwelt with the red man in green forest bowers
O’er the wild rolling prairie bespangled with flowers
I have hived to the north, where the hardy pine grows
‘Mid the wolf and the bear, and the bleak winter snows
I have roamed through all climates,
but none could I see Like the green hills of Cork and my home by the Lee
CHORUS
Beautiful city, charming and pretty Beautiful city, my home by the Lee
I have slumbered in palm groves by clear running streams
And the wild groves of Blarney come haunting my dreams
I have listened to bells on the soft summer wind
But the sweet bells of Shandon were dear to my mind
I have mixed in gay dances my sorrows to hide
But there’s none like the maiden that’s now by my side
There is nought in the land of the slave or the free
Like the green hills of Cork and my home by the Lee Chorus
The bold feudal castles look down on the Rhine
That flows through the land of the olive and vine
There is freedom and health in the fresh mountain breeze
That careers round the home of the brave Tyrolese
There is beauty and love in all spots of the earth
To the heart that can call it the land of its birth
But of all the fair countries, the dearest to me
Are the green hills of Cork and my home by the Lee
PCS
I don’t really have any zombie friends. . But work with a few… all in de nile about admin
Parkheadcumsalford
21:09 on
11 August, 2013
I was talking to an accountant hun at work last week. Our hero was to blame ; they had done nothing wrong; were in a decent financial postion but for Craigie etc.
All that from their more intelligent support.
Far from appreciating their financial plight …many of them believe that their club is on a sound financial footing
They’re coming back better and stronger ….so they say…deluded
So King says “Based on the club’s massive revenues compared to its opposition in the lower leagues, we should be repaying the fans’ loyalty by building reserves for the re-emergence into the top flight when a significant cash injection will be required to compete with Celtic”.
McCoist says “[The comments of King and Johnston] have to be a concern. I definitely have a healthy respect for those two gentlemen, not just in the business sense but as Rangers men. They have voices that should be listened to.”
But then says:
If told at the start of 2013 there was simply no more money to bring in players because of the need to build up profits for the long term, he said he would have found that “very disappointing” and “gone public” on such a block.
So he says King should be listened to, but he wouldn’t do what he’s saying to do…….
BSR
I have been ostracised on here for years for telling it how it is.
We are going to be left with a club thats followed by tabloid readers.
A following that can easily accept that the game is bent and not in favour of them. And follow a club that will not dare even look the wrong way when 6000 demented huns behave like abject scum ..twice a year.
The mental gymnastics and moral compromises needed to accept that is beyond me.
I fear that the club has chosen Old Firm tried and tested model rather than being brave enough to traverse our own path.
Thats why I have not contributed and will never watch another domestic game ever again. Well until I get some satisfaction.
Too many dimwits on here revelling in how popř and far away they are from us rather than demanding humanely to switch off the life support system.
When those dimwits in three years see Campbell and Co hand the SPFL trophy to David Tempelton they will go apeshit but secretly delighted that their román ampitheater atmosphere of we are the christians we hate the romans will have returned.
HH
Summa
Saw an ad for new series of cell block H …..apparently its taken ozland by storm.
Parkheadcumsalford
Oh they know, but as always the fear of the truth, or more accurately, acknowledging it and actually telling it is too dangerous.
Great isn’t it !
Prestonpans
Sounds like he believes the MSM hunguffery
PF
I suspect with your Celtic grasp, you know, better or as well as me.
a) The alleged ‘political’ motivation behind the GB is a worry and irksome to the PLC.
b) UEFA rockets banners are harmful to Celtic
c) we are cash rich
d) but don’t spend – equivalently (yet)
e) the SPL is a one horse race * a walkover * – so we’ll win without them.
f) it’s good – not to dwell on the departure of star players, and create cyber mayhem
The decision to close section 111 and ‘smash’ the GB will be rescinded, or at least compromised.
They need a lawyer CSC
What’s this a new series of Cell Block H?
prestonpans bhoys 21.16
Parkheadcumsalford 21.09
I was talking to an accountant hun at work last week. Our hero was to blame ; they had done nothing wrong; were in a decent financial postion but for Craigie etc.
Do you work with Paul Murray?