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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BSR,
I dinnae know what is going on at Celtic, I have no knowledge as I don’t know anyone of clout or anyone well connected.
We are performing very well in all aspects of the BUSINESS, the Green Brigade thing is troubling me, like I know it is troubling you.
Celtic supports Every Celtic fan, or at least it should. Collateral damage should never be an issue, trying to read the whole situation and it is why I’d much prefer to Stay in Scotland and fight hard from here rather than go into a rich mans League.
entropy entropy
Westwood putting like me this morning
Huddle
Its advertised as coming soon to channel 5…
Remember how wooden the original was… walls of the prison looked like mdf ;)
I was so sad me and my brother would watch Prisoner at 4 in the morning even on a school night, only about 12 at the time. I even entered a Sun comp to win the whole box set VHS of course :o)
….PFayr
21:18 on
11 August, 2013
I said to him, you had a 10M deficit pa, you had a manager who knocked you out of every revenue stream, you had an unsustainable economic model… all I got was that blank stare
Huddle
Horrendous story. . Are you ok now
Please accept my apologies for mentioning the new season ,)
Prisoner a classic
http://youtu.be/KQ3TAAV4Z70
I see Newcastle are looking at Samuel Eto, saying he would cost £5m, this is what he said in 2008.
“BARCELONA heaped praise on Celtic fans yesterday as Samuel Eto’o swore Parkhead was electric.
In an official statement Barca insisted the Hoops supporters were an example to fans across the world while Eto’o raved about the atmosphere of Celtic Park and said: “This place makes the hairs on the back of your neck stand up.”
He’s made his money, how much do you want it Sammy?
Wishfulthinking csc
“There is nowhere like it in football and I can see how the people love to play here and speak so highly of it.”
Corsica1968
@alexrae1969 @TomEnglishSport You know only £75k went to charity & Sevco kept £345k for itself, don’t you? #rangerscharitytheft2
@FrPaulStone @alexrae1969 @TomEnglishSport Only charity can legally make public street collection & need licence #RFFF #rangerscharitytheft3
Rangers v AC Milan: £262,860 diverted from charity to a plc. FACT! Proven & accepted by Sevco. #rangerscharitytheft1
Rangers v Man Utd: £165,000 profit from a charity game retained by a plc. FACT! Not disputed by Sevco. #rangerscharitytheft2
RFFF: public charity street collection without a licence. Amount unknown. FACT! Proven & undisputed by @GlasgowCC. #rangerscharitytheft3
Ally’s Idaho Challenge: sponsored event raising £11k but costing £39k, with 2 non-paying family members? Not denied. #rangerscharitytheft4?
I’ll be tuning into the new stuff, will get my brother involved as well :o)
There are clever sevconians , but they are in a mixture of denial , confusion and fear.
They are just coming to terms with administration ( not yet liquidation, although that will come too ) ; the impending doom is starting to register and is causing further confusion and fear. Dave King is breaking it to the bears like the last time. This time they will believe him rather than the day it actually happened. At the same time they will start registering they were liquidated as well first time round.
Admin this time will break them for more or less good. The model of spend and spend is over. They cannot go on admin every year like a Spring clean. They cannot compete with Celtic ESP with their bloated cost structure.
I notice also the clever sevconians did not renew this year. It’s been left to the gullible to take up most of the slack.
It deserves a few words as it is the end of the road for them.
On more important matters , I hope/trust we will tie up Fingbasson. I like what I see of this player. Still need a creative midfielder to feed Fingbassons clever runs.
Speaking of charity, who got the money from the game at Tannadice?
Awe_Naw
Not by a single CQN’er that mattered you haven’t, quite the contrary in fact.
The situation because they are literally in abstencia if not quite just plain dead, changes the view of the Celtic supporter just depending on who you are, and how you think.
You can literally be threatened for raising the topic of ‘football’ in Scotland in mixed company, hence a perceived duty by Celtic’s ‘custodians’ to have stayed stoom.
Meantime while they wait for Sevco’s return the Orange Walk was louder in Glasgow yesterday, than it’s ever been, and you know what age I am.
I think ‘silence’ is subdued and tholled by some of the rank and file Celtic fans because we are leagues apart, but PLC wise we do not have a man of reverie, or even it seems, a rebel.
Breaking into Heaven
The Rosicrucian Roses ;)))
Fact or Fiction?
Awe_Naw 21:17
Swore blind i would never post on here again (far too many smart cookies so I’ve nothing to contribute ) but that was an outstanding and passionate assessment, thanks for that
Sevco v DU last year in the cup
Greengo stated he’d give their share of the gate receipts to charity …lauded by the media …did they actually do it ?
Bournesouprecipe 2:37
Ditto re Awe_Naw 21:17
Thanks
senga
Yes, forgot to acknowledge but think I qualified that
Awe_Naw @ 21:17 was him at his best.
senga
and double ditto cross posted
HH
PFAyr 21.43
Is that a rhetorical question?
Great weekend on Dublin. Flying back to London tomorrow. Got match ticket at last minute. Highlights Tic support and Jackson Irvine. The bulk of the Pool support were Irish families with kids. Never seen so many children at a big game before. Will be in Glasgow for Kaz 2nd leg.
….PFAyr, we’ll find out when they publish audited accounts:-)
ThatslikelyCSC
I seem to recal that either 15 or 30 k was given to some ex soldiers charity.
Considering their take from the gate would have been well over 100k, just keeping with tradition.
BSR both of you really have being spot on this for some time and I’m a fearty and also just not confident enough to put my bonce above the parapit, cheers to both of you for consistently highlighting the ‘unsavoury truth’ that so many refuse to acknowledge. I really don’t know how i managed to keep my balance sitting on the fence whilst happy clapping
Christian Rosenkreuz was a Celtic Supporter!
petec
I don’t buy ‘the stupid wee boys were well told argument’ – but totally accept that there is a H&S issue.
I reject the perception that political motivation is a driver of the GB, – categorically.
I think they should ask their representatives, for help in ‘representing’ them in talks with Celtic.
The underlying problem is education, and the broken bridge to stewarding and policing a small section of the ground.
Can any of u guys give me a reason as to why I can’t get any betting website to give me the option to bet on 7 league winners this season, German and French league in particular, won’t give me any options for outright winners.
Given that there is now 25 hours to the signing deadline for next round of CL, and given how long it takes us to conclude a deal after fee is agreed, there will be no signings by tomorrow night and we will be relying on one ‘wildcard’ signing by next Monday (realistically by end of this week to allow any new player to travel).
If these charity monies weren’t passed to the relevant charities is any legal investigation / action being taken, if only to avoid a very dangerous precedent …… some people will not donate to charity if they gain (even) the impression that their donation may not reach it’s intended recipient….. This must be a real worry to charities generally…
craigwhitesoptometrist
They all do.
What are your selections ???
HH
Paddy power, William hill, betfred and bet365
67Heaven
They have already been investigated by the charities commission, had a slap on the wrist, and told not to do it again, that would be the jist of it.
Yes, and more
larssonsev7en
No worries pal, sometimes we all get a bit frustrated, but I appreciate the note.
Hope the personal stuff you mentioned turns out alright.
hail hail
senga
post
HH
For betting outwith the top divs, you will prob need to contact them for odds, they will give you odds.
Tet, it’s the top divs if trying to bet on, pp won’t let me bet on the German league, William hill won’t give me German or French, that is replicated with betfred and bet365.
frankiebhoy,
Totally agree with your impressions of the game.
Irvine, for me, was fantastic.
His positional sense and his ability to know where he wanted to put the ball before he received it, showed a football brain and an ability to read the gane. A star.
The Celtic support were magnificent.
They never stopped singing for the whole game and out voiced a Liverpool support who had an approx 3 to 1 advantage.
What struck me was there was not one reb song or the bastardised version of the Soldiers Song, norlatersl movement, or flares.
In fact nothing that would incur any embarrassment to our hosts, or opponents.
A Celtic support supporting as they should, without any confrontation or defiance.
Well done us.