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:
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What is the Stars
15:29 on 11 August, 2013
I’ll be supporting any team playing Dublin :-)
http://i.minus.com/ilzVyGoGMIeQv.gif
Charles
Thats a very sad attitude,
You should get out more
Starry Plough @ 14:31
“deep fried toblerone” …. you, sir, are a bloody genius! Take the plebian/junkie delight of deep fried mars bars, and add a touch of continental class….
I will be recommending that Michelin award you 2 stars!
Now that I’m thinking about it …..that’s probably how Allie got 5 stars on his trackie…. they weren’t awarded by UEFA for titles won…they’re actually Michelin stars!
Allie McCoist… the only 5 star Michelin coach!
What is the Stars
15:31 on 11 August, 2013
:-)
Ally the only coach to look like the Michelin man.
Herald reckons THEIR fans deserve better.
Lionsroar
Stolen for Facebook that just has to be shared!
MIKE IN TORONTO
Look like anyone?
https://www.google.co.uk/search?q=michelin+man&client=safari&hl=en-gb&tbm=isch&tbo=u&source=univ&sa=X&ei=26AHUveJE-qa0AWNxIDYDg&ved=0CDUQsAQ&biw=320&bih=505
Mike in Toronto
Che
Allie McCoist… the only 5 star Michelin couch!
TheJonesBhoy
Got your email.
Many thanks, watching it now.
~SPF~
CHE
Beat me to it!
Not abroad at the moment?
Remember kids, this is how the MSM reported Celtics financial difficulties and they didnt even go into Administration
http://l.yimg.com/bt/api/res/1.2/FhovF5uVo1QMlALnafbCrw–/YXBwaWQ9eW5ld3M7cT04NQ–/http://media.zenfs.com/en-GB/blogs/desmond-kane/Celticrip.jpg
Blackburn Rovers have informed Norwegian stalwart Morten Gamst Pedersen that he can leave Ewood Park this summer – with Rovers even willing to let him depart on a free transfer.
Experienced player who can play either wing and even left back.
Bmcuw
Just back from Turkiye had a great time.
Thinking Canaries for Christmas and New Year, insert your own jokes….
notthebus
15:37 on
11 August, 2013
Not only that, but the biggest sin the Celtic management was guilty of was incompetence and even then they never sloped the packman.
Something MSM is keen to avoid mention of.
Che
15:35 on
11 August, 2013
No problem i stole it off twitter, it is funny
WITS
Just saw you online.
Was thinking about your question yesterday, and I sincerely hope no offence was taken.
In the interest of full disclosure, personally, when I say Ireland, I mean ALL of it. If I have to refer to what people call the Republic, I usually say ‘the south’ and when people refer to NI, I would usually say ‘the six counties’ (or, if I am amongst friend, ‘the occupied territories). So, with that confession…
I haven’t read back on my comment, but I think all I was (in a lazy way) referring to was what I am noticing with a lot of younger Irish lads (at least many of the ones over here) ….and mainly with a lot of the younger ones from deep in the south, they dont seem to give a tinker’s damn about the situation in the 6 counties… like so many young kids everywhere, they are more concerned about video games, making money … not only do they not seem to know their history, but so many dont even seem to care that they dont know…
Given what our fathers and their fathers went through to make the advances… it just makes me sad.
So, in a lazy way, I was referring to what I see as the generational gap,which seems to becoming a political gap….
But as I said, other than making an observation, I wasn’t drawing any conclusions… I was asking for thoughts from people who would have better first hand knowledge than I.
Hope that clears up any thing, and as I said, I sincerely hope I didn’t offend anyone with the terms… and, I am around (online or off) if you wish to chat.
Hail hail
Apologise to THEM for slope the packman remark.
THEY simply took perfectly legal measures to avoid paying debt.
Everything kosher then.
This is funny, can’t wait until the Duped and Deluded realise they are being measured up for a casket again. Remember the catchphrases created the last time: “Rangers will never die”; “the Big-Hoose must stay open” and “we don’t do walking away”.
Hopefully, they’ll continue to die, lie; die, lie in perpetuity. They deserve it, and their innate ability to demean and ignore truth will be the reason !
Mike in toronto
No it wasnt a case of taking offence,just though I could throw some light on the mindset
Cant get involved right now but maybe later
Mike in Toronto
15:42 on
11 August, 2013
It is long many a day since the South gave a toss about the six counties.
QUONNO
Pretty much true,though IMO there was a hint of self before club.
And while the old board were,erm,above board with the taxman,there must have been shedloads of priests at some of the games.
Aside from that,they took incompetence to new levels.
History has not been kind to them.
brendan teehan @tinyallycatg5 1h
@ImGarry88 @Redbhoy1888 dont listen to sevco fm, plenty of good stuff on HH media, @HomeBhoys @BTWCelticShow @HalfTheWorld88 @90MinuteCynic
Lets give up on Sevco FM as ths post on twitter suggests, no updates from halfwit pundits on radio snyde please!!!
if we manage to get a goal scoring centre forward in and sign up ledley, stokes and Sammy on long term contracts i’ll be happy.
if celtic cant afford, the above and to complete the celtic triangle (1st phase) over the coming season then the board will have shown very little skill or ability to progress our club.
p.s. don’t expect to be disappointed tbh
What is the stars.
Glad to hear I hadn’t offended you… looking forward to chatting about it when you have some time.
Right now… I’m off to the kitchen to see if I have any toblerone somewhere!
M
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
15:46 on
11 August, 2013
Don’t really know what shedloads of priest being at games has to do with anything.
point for point between the dubs and rebels – great game
I see there were some decent winners on the CQN Nap page yesterday, refreshing to see T4 has carried his form from last season to this.
Malone Bhoy
The income of 22.2 m from UEFA for CL does not include gate receipts so the total figure would be around 29 to 30m less costs, and, I would imagine these would be hefty in bonus payments and costs but still rather be in it than not
Quonno
Priests supposedly got in for nothing. Celtic always seemed to play in front of crowds that were higher than the figure released as having paid to get in. Therefore there must have been lots of priests at matches where there appeared to be upwards of 50000 present but the official attendance was 37000
Jimbo
GAA Hawkeye?
Brilliant.
~SPF~
Hawkeye in hurling – gaa moving with the times
quonno
15:50 on 11 August, 2013
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
15:46 on
11 August, 2013
Don’t really know what shedloads of priest being at games has to do with anything.
———-
Quonno
Priests were historically allowed in for free.
Pretty sure bmcuw’s reference to priests merely suggests that the crowd numbers were manipulated down to minimise declarable income for tax reasons.
QUONNO
Priests were allowed in free of charge-and nothing wrong wi that.
This may have led to some strange official attendances over the years,like being crammed like sardines into a 67,000 capacity stadium where only 37,000 seemed to have coughed up.
Jimbo67
Beat me to it…
CelticFCCoach @CelticFCCoach 3m
Good performance from our academy U17’s who beat Man City 3-2 today. (WMcN)
Priests allowed in Old Trafford for free.