Amido, Dave King-gap too big to bridge

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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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824 Comments

  1. Billy Bhoy

     

    Yur bang on re Wee Jinky, and the spire on top was shortenend due to be highest point in kirkie,couldnae hive that, higher than St Marys C of S. BTW,Chapel shut Monday /Sat for 6wks rewiring and major rehab, wait for it floodlights awe roon the place gon be likre Blackpool, they fenians are at it.

     

    Awerabest PJ

  2. Paul 67 & others

     

     

    What did you think of Myoukolo yesterday?

     

     

    Was the first I’d seen of him and I was very impressed,

     

    Soaked up a lot of pressure, was asked a lot of questions,

     

    and came up with the answers. Lots of timely interventions.

     

     

    With Lustig demonstrating he is a capable deputising @ CB,

     

    Virgil to enter the fray and good youth prospects,

     

     

    Is there any need to go into the market for a replacement for Kelvin?

  3. Kieran Caw ‏@Kieran_Celtic 4m

     

    I’d rest all/the majority of players that are likely to start in Kazakhstan. CL is priority. League will take care of itself eventually.

     

     

    Agree 100%.

  4. jude2005 is Neil Lennon \o/ on

    Have we got to sign Finn today?? We should call him the shark. Finn …shark Shark… finn. Get it?? Just thot that up. Good eh??? <:o)

  5. Margaret McGill on

    In addition to the usual income sources of ST’s, friendlies, merchandise and TV, Celtic have “received” an “extra” £42m in the last 6 weeks.

  6. Ten Men

     

     

    So do I.

     

     

    Especially after seeing what our second team did to Lpool yesterday.

     

     

    No need to risk injuries, and it’s a squad game after all, coming on the back of Lenny saying some were running on empty, it’s a no brainer.

     

     

    In saying that, he will field our first team I reckon.

     

     

    HH

  7. From 2010

     

    CLAIMS last week by Taoiseach Brian Cowen that no one in the Opposition issued any warnings about the property bubble and the excesses of the Celtic Tiger speculators have been rejected by Sinn Féin, who challenged Fianna Fáil to check the Dáil record.

     

    Sinn Féin Finance spokesperson Arthur Morgan said Brian Cowen’s under-stated acceptance of responsibility for the economic and banking crisis is an attempt to hide the true extent of his and his party’s failings.

     

    Deputy Morgan countered Brian Cowen’s claims that there were no warnings from the Opposition benches in relation to the property bubble. Sinn Féin repeatedly raised it in the Dáil but were ignored, the Louth TD said.

     

    “The growth that supported Ireland’s Celtic Tiger was a mirage, as the Government rode on the back of a private sector intoxicated by property revenues. The vacuum left behind when the credit flows stopped made both employment and public finances implode.

     

    “Fianna Fáil tied their policies to electoral gains rather than proper financial and risk management. The artificial Celtic Tiger brought in the votes and so Fianna Fáil and the Taoiseach himself were happy to keep stoking these fires.”

     

    Arthur Morgan added:

     

    “If the Taoiseach is so confident that there were no warnings from the Opposition benches in relation to the growth of a property bubbles, he should take a look at the Dáil archives where Sinn Féin deputies are on record as warning against the dependence on property revenues. Neither Fianna Fáil nor Brian Cowen were willing to heed our warnings and now they are not willing to accept full responsibility for the crisis engulfing this state.”

     

    He reminded Fianna Fáil that Sinn Féin repeatedly tackled ministers in relation to their failure to tackle escalating house prices.

     

    “We called for the introduction of a tax on second homes to curb growing house prices where investors were pricing first-time buyers out of the market; we opposed the cutting of Capital Gains Tax on the basis that it would fuel the property bubble and make it more profitable to speculate in property than to run a business – and we were ignored.

     

    “Sinn Féin opposed unsustainable cuts in taxes and highlighted the danger in the over-dependence on taxes related to consumption and construction and the over-dependence on the construction sector for employment.

     

    “Sinn Féin may not have advocated the ‘in vogue’ economic policies of the Celtic Tiger but we proposed measures that would have insulated us from one of the severest recessions this state has ever seen.”

     

     

    WS.

     

    the MSM in Ireland (north & south ) is just as scurrilous as it’s counterpart in Scotland

     

     

    Glasgow could do with a Barry McElduff(he likes his sports) to tackle the SMSM

  8. the hooped crusader on

    The fact of the matter is smsm cannot admit their favourites are done for again, and the fact we have a game plan for the future something their favourites don’t have really is more than they came take. That’s a future not a game plan by the way. :-)

     

    Hail Hail.

  9. Delaneys Dunky on

    What an embarrassment are dodds and dung. We are paying their wages to spout illiterate nonsense on national radio.

  10. darwinsbeautifulidea on

    signing deadline monday 12 midnight but can still sign a wildcard for game after deadline

  11. Delaneys Dunky on

    Ohmni…. My thoughts exactly, looks like he can read the game very well and can make a pass to a hooped jersey.

  12. Of the 20 teams that will vie for ten places in

     

    the UEFA Champions League group stage over

     

    the next few weeks, none are perhaps as

     

    unsung as Celtic FC’s play-off opponents FC

     

    Shakhter Karagandy. UEFA.com traces the

     

    Kazakhstani outfit’s rise from obscurity to the

     

    verge of a seat at European football’s top

     

    table.

     

    Out of the shadows

     

    FC Kairat Almaty are historically Kazakhstan’s

     

    strongest club, regional powerhouses who

     

    rubbed shoulders with the big boys during the

     

    Soviet era. Shakhter were always peripheral,

     

    never climbing above the bulky third tier of the

     

    league structure, but their fortunes began to

     

    change after independence in 1992. Third in

     

    1995, 2007 and 2009, the Karagandy side

     

    made the breakthrough with their first

     

    championship in 2011, successfully defending

     

    their crown last term.

     

    A rich seam

     

    Ukrainian champions FC Shakhtar Donetsk,

     

    Belarus’s FC Shakhtyor Soligorsk and

     

    Shakhter – if they sound similar, then that’s

     

    because they are, all linked by the common

     

    heritage of mining (Shakhter translates as

     

    pitmen). It is a gruelling muscular existence,

     

    but on the pitch Karagandy is more famous

     

    for its artisans. None more so than Nikolai

     

    Igamberdiev, whose 182 goals for the club

     

    between 1972 and 1983 afford him lasting

     

    reverence.

     

    Home-town hero

     

    Igamberdiev’s record is unlikely to be broken,

     

    even if Andrei Finonchenko is not too far

     

    behind at 116 goals and counting – though

     

    time is running out on the 31-year-old. The

     

    Karagandy-born striker has joined the team’s

     

    immortals, however, as a one-club man who

     

    leads Shakhter on and off the pitch. “Like

     

    many Karagandy boys I dreamed of playing for

     

    Shakhter,” he said. “I was a trainee, a ball boy,

     

    then when I got into the first team I realised I

     

    wanted to change the club. I had offers from

     

    elsewhere but money is not the most

     

    important thing in life. There have been good

     

    and bad times, but I thank destiny I’m here.”

     

    Breaking new ground

     

    Shakhter have won back-to-back Premier

     

    League titles but a hat-trick looks unlikely as

     

    they head into the summer season’s play-offs

     

    a long way adrift of leaders FC Aktobe. Yet in

     

    reaching the UEFA Champions League play-

     

    offs they have become the first Kazakh side to

     

    guarantee a place in the group stage of a

     

    UEFA competition (if they lose to Celtic they

     

    will transfer to the UEFA Europa League).

     

    Aktobe, who face FC Dynamo Kyiv in the UEFA

     

    Europa League play-offs, could be the second.

     

    Days of our lives

     

    “My work with Shakhter is the high point of

     

    my career,” said coach Viktor Kumykov. “Twice

     

    we have been crowned champions and now we

     

    have qualified for the Champions League play-

     

    offs. These are my best days! But I hope we

     

    can achieve even more. I like Karagandy, a

     

    special city with an intimate feel. The people

     

    here are simple and kind and give us great

     

    support.”

     

    Home from home

     

    Those fans will have to do a bit of travelling

     

    to get behind their team in Europe this season

     

    as Shakhter will play their home matches in

     

    Astana. However, with games like the first leg

     

    against Celtic in Scotland on 20 August, the

     

    434km round trip does not seem so far.

  13. BMCUW

     

     

    Hilarious.

     

     

    Knew a guy in London in the 70s just like those two.

     

     

    He was an acquaintance – not a friend I hasten to add.

     

     

    He applied to join the Met – they told him to GTF!

     

     

    Became a traffic warden.

     

     

    Mail you soon.

     

     

    HH!!

  14. notthebus

     

    15:37 on

     

    11 August, 2013

     

    …………………………………………………………….

     

     

    EXCELLENT POST……

     

     

    A timely reminder who our real enemies are…………SMSM and their sycophantic employees, followers, subscribers and general hangers-on types.

     

     

    Part of the problem….never part of the solution

  15. Margaret McGill on

    macanbheatha

     

     

    17:10 on 11 August, 2013

     

     

    When I was looking to buy a house in the Dingle peninsula in 2010 when I was there I found out that there were about 300 empty homes in the area available. All empty, all deeds held by the banks and all at ridiculously high prices. Its still the same there and all over Ireland. The banks are still greedy and myopic as ever. The only reason they behave this way is because of tax payers bail outs.

  16. Cork are in the All Ireland Hurling Final. Starting out this year we were rank outsiders, I’m absolutely thrilled. cantquitebelieveitcsc.

  17. finbar42

     

     

    Thanks for posting that link, very interesting. Delivering the Celtic View was my first newspaper delivery job, well I say job, my Dad told me who to deliver them to, and I delivered, had to collect the money. Later developed that idea with the Evening Times and the Evening Citizen which financed many a football match over the years. Cannot quite remember how Celtic got the View to us in those days, how the distribution worked, but, it was a great idea back then, and a good little paper. Think about it, Jock Stein giving his thoughts on Celtic, direct to us, the supporters. And, it only became Pravda later, or was it Investia? Which gives me a chance to air that old play on words, Pravda means “Truth” and Isvestia means “News”, but there is no truth in Pravda, and no news in Investia!

  18. charles kickham on

    corkcelt

     

     

    17:34 on 11 August, 2013

     

     

    watched : real cracker of a game – well done

     

     

    up the rebels

  19. Corkcelt ( and others)

     

     

     

    I’ve not seen either Gaelic Football or Hurling since I was in Oz between 2006-2008 when many a late Saturday and Sunday was spent watching the games on Setanta. When I got home you couldn’t get the results on the BBC. Anyway which sport is better and why?

     

     

    Jimbo

  20. Delaneys Dunky

     

     

    Yeah, thought he deserved a special mention.

     

    Was my stand out performer yesterday.

     

     

    I’ve got high hopes for Virgil too, should be a class act.

     

    I’d imagine they might emerge as our first picks.

     

    Time you factor in Ambrose, Lustig and Charlie,

     

    There’s reasonable depth there.

     

     

    As much as I’ll obviously be delighted to throw in some experience

     

    (particularly for Europe) I figure with the numbers and apparent

     

    quality there, that might just be enough.

     

     

    And of course we don’t want to create too many barriers for

     

    the young Lhads to get some playing time.

  21. Ohmni

     

    at 17.03

     

     

     

    Hiya,pal..? Welcomen..

     

     

    Moko, as Ah prefer tae refer.. tae, Mouyokolo..

     

    Is ..

     

     

    In Ma Opinion..

     

     

    A Great Prospect..

     

     

    He .. again, In Ma Opinion..

     

     

    He is…

     

     

    The Most Intelligent Gent, who has Played fur Us.. At C.B. .. fur.. well.. a Long, Long, Time.

     

     

    Ah am a Great Believer in .. Whenevahhh..wan is search the Highways and the Country lanes..in search o’ a New Prospect…

     

    Uppermost Thought… in wan’s Mind..

     

     

    Should be Focused on..

     

     

    Finding a Player who Sports….INTELLIGENCE.

     

     

    Man, that is Whit it is Awe Aboot.. Really!

     

     

    And.. A Sure Sign of a Player hiving.. well.. Intelligence.

     

     

    Is Signalled.. by how He Distributes the Ball,whenever he has Possession of same.

     

     

    Moko, Always.. Diz the Simple thing..and Thereby..

     

     

    Makes Sure that He Always Passes the Ball to a Guy Wearing a Celtic Jersey.

     

     

    Sounds . Reasonable, Right?

     

     

    And it is.

     

     

    Noo, though that sounds reasonable, tae dae Such a Simple and effective Thing as Always striving tae Pass the ball tae a Player, who is wearing… A Friendly Pair of Legs…

     

     

    Tae a Loat of ither Celtic , Defenders, Mid- Fielders and Attackers..

     

    That simple thing.. such, as Always Passing the Ball tae a Celtic Colleague..

     

     

    Appears tae be..in their opinion..

     

     

    Most UNREASONABLE~

     

     

    If ye don’t believe me,in this..

     

     

    Pay special Attenshun.. the next time ye watch CERTAIN Celtic, Players..the next chance that ye get…

     

    and ye wull find oot P.D.Q.

     

     

    That whit Ah hiv jist informed Ye concernigThose Certain Players..

     

    that they

     

     

    Dae ,Really… Believe..

     

     

    That Passing the Football , tae a another Guy Wearing a Celtic Jersey..

     

     

    is..

     

     

    MAIST UNREASONABLE!

     

     

    So they Make sure ..

     

     

    THAT THEY DON’T!!

     

     

    Yep, if Celtic could Find More Guys , who.. Like. Moko..

     

     

    Find that Passing the Football tae Anither Celtic Players..

     

     

    Is.. Most.

     

     

    REASONABLE. and so they Comply..

     

     

    Then

     

     

    This Celtic Team, would . .Possibly ..

     

     

    Remember, I said ..Possibly..

     

     

    Go All the WAY..in the Rest of This Upcoming

     

     

    European League Tourney.

     

     

    Yes, I soitenly agree with you, my Friend..

     

     

    Moko , will Fit in Rather Nicely ,in oor Back Line..

     

     

    Nice Chatting.

     

     

    Kojo

     

    Still , Laughin’

     

    And Pleased aboot oor Prospects.

  22. Watching the athletics on the beeb Lord Coe talking

     

    about 1980 and his rivalry with Steve Ovett …..me

     

    I always routed for Ovett……..think it’s the rebel in me.

  23. I remenber being at a game against Third Lanark at Cathkin, standing about 8 rows up from the track on a line with the 18 yard line, 3 priests standing behind me.

     

    All of a sudden there is a mellee in the goal area, Frank Haffey goes to ground making a save, a Third Lanark player puts the boot in on Frank, Paddy Crerand decks him, another Thirds player runs in and jumps over Haffey and decks Paddy, Paddy is knocked back into the goal bounces back off the net and decks the Thirds player.

     

    Cue the 3 priests, off with the collars and surge forward yelling intae them effin bassas.

     

    I never swore untill that day, now I can’t stop…….

  24. Margaret McGill

     

    17:21 on

     

    11 August, 2013

     

     

    Totally agree

     

    Sorry for the late response ,had to check the niece’s car as there was some “shipyard confetti” coming over the wall

     

    Off oot as KJ would say

  25. what is the stars

     

     

    16:40 on 11 August, 2013

     

    Quonno

     

     

    I am amazed anyone in the Republic would vote for Sinn Fein

     

    Apart from Brits Out they have no policies as such

     

    So they have no policies of any relevance to the Republic where NEWSFLASH the brits are already out

     

    And as for Mr Amenesia Himself,The bearded one,I was never in the Ira Adams

     

    How can anyone take him seriously

     

     

     

     

    Use have voted alot worse for years.

     

     

    NEWSFLASH- the british government or army are not out.

     

     

    SF are new to the republic because of the attitude of those in charge for years .

     

     

    Pearse doberty speaks alot more than just about brits out .

  26. jimbo67, Hurling is streets ahead of football. Do yourself a favour, todays game will be reshown a couple of times over next few days. If you can try and watch it. Once you have you will never ask that question again.

  27. corkcelt

     

     

    17:34 on 11 August, 2013

     

    Cork are in the All Ireland Hurling Final. Starting out this year we were rank outsiders, I’m absolutely thrilled. cantquitebelieveitcsc.

     

     

     

     

    Well done

     

     

    My dublin mate owes my cork mate $50 tomorrow.

     

     

    Up the rebels

  28. archdeaconsbench on

    jude2005 is Neil Lennon \o/

     

     

    If your still about m8, LFC TV is available on Virgin…. Ch 544 I think..

     

    Celts game replayed at 6pm.