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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  1. What is the Stars on

    Proudbhoy

     

     

    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

     

     

     

    Yes Pearse Balcombe Street Doherty talks some sense

     

    But no one really takes the Shinners seriously except themselves

     

     

    They are pushing all these young articluate types like Pearse and the Head Opportunist Mary Lou to try and sway some voters and to a certain extent they have been succesful

     

    But their race is run now

  2. Corkcelt

     

     

    Thanks. Because Dublin was doing well Setanta showed the football ahead of the Hurling ( and when I lived in Edinburgh the Uni had a football team so I know the football better) but a lot of folk said the Hurling was an even better game. Mind you some friends from Fort William said the Shinty teams would beat the Hurlers!

     

     

    Jimbo

  3. weeman67

     

    17:52 on

     

    11 August, 2013

     

     

    Effin great post…..why I love cqn…..great tales

     

    from the past…..if you know your history.

  4. Hi Kojo

     

     

    Agreed.

     

     

    I see you share my thoughts on that most sophisticated tactic,

     

    Passing the ball to players in your own team.

     

    Really can’t underestimate the importance of that one.

     

    Seems to work for Barca

     

    (well, against most teams…)

     

     

    What caught my attention was his position/timing.

     

    Moko seemed to be in the right place at the right time,

     

    Quite a helpful attribute for a CB to have.

     

    Looking forward to seeing more of Moko.

     

     

    With that sorted, figure we can just allocate funds to our most

     

    pressing priority.

     

    Centre Forward.

     

     

    Fingers crossed.

  5. What is the Stars. We are constantly showing between 16/18 % in the polls. Thats about 5/6% ahead of Labour. Highly unlikely any Party will get an overall majority over here. If we force Fianna Fail & Fine Gael into joining a Coalition it would be the first time ever there would be a right wing Government and a left wing opposition. That would do me for a start.

  6. Paul67

     

     

    It does not take £20mill to run the non football elements of a club with a 50K seated stadium.

     

    Not sure where you are getting your figures from but I would suggest you are out by a factor of 2 or 3.

     

     

    Say some of the game yesterday and was very impressed by JI.

     

    Looked a class act and gave the impression he had been watching a lot of VW.

     

     

    Consequently where are we with this season’s talent management.

     

    Looking for the youth set up to provide 2 quality prospects a year for the first team squad.

     

     

    2012/13 = TW and the “SM” clone that is DMcG are my thoughts.

     

    Both are still a bit raw and desperately need game time.

     

     

    Consequently any thoughts on 2013/14?

     

    JI looks the real deal but who else?

     

    One of the twins or one of the defenders – JC / MF / LT?

     

    Apologies if I got their names wrong but just trying to work out who will make the move this year.

     

     

    Finally any thoughts on the ones who got away?

     

    JK was talked up as a good one, injuries held him back?

  7. Pebble in the pond on the topic of SF.

     

    What was the story regarding their support of the giant trawler?

     

    Looked a bit opportunistic to me.

  8. what is the stars

     

     

    18:02 on 11 August, 2013

     

    Proudbhoy

     

     

    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

     

     

    Yes Pearse Balcombe Street Doherty talks some sense

     

    But no one really takes the Shinners seriously except themselves

     

     

    They are pushing all these young articluate types like Pearse and the Head Opportunist Mary Lou to try and sway some voters and to a certain extent they have been succesful

     

    But their race is run now

     

     

     

     

    What about the failures before them ? There race was well run but still got there nice payouts and pensions without much of a battle.

     

     

    SF are still new to the south because of the ban on them , while republicanism in the north was growing it was held back in the south.

     

     

    If gerry was in the ira does it make a difference in the grand scale of things ? Not to me and many others who stand for what is right.

  9. been catching up on season 5 of Breaking Bad, so far so good. Just reading the lead article here and read back a couple of pages.

     

    Now , about a week ago when I got caught up in the middle of some petty name calling about our clubs apparent inabiliy to do anything right, I signed off by expresing my opinion and dream that we would nver play that mob in a meaningful league game again. The financial gulf that King and PB allude to is not the only gulf. The gap in player development, infrastructure and stature will ensure that there will only be one door the postie troubles with the invite to pastures new.

  10. dettolandtheblackash

     

     

    16:38 on 11 August, 2013

     

     

    I would travel up and wouldn’t worry too much about getting spares. Having travelled away too all but two of Celtics domestic away fixtures last season the only place there wasn’t spare tickets was a non TV game at Motherwell on a Saturday with a 3pm kick off. Certain degree of apathy has crept in with regards to distant away games with an early kick off

  11. What is the Stars on

    Proudbhoy

     

     

    SF are still new to the south because of the ban on them , while republicanism in the north was growing it was held back in the south.

     

     

    If gerry was in the ira does it make a difference in the grand scale of things ? Not to me and many others who stand for what is right.

     

     

    Again Newsflash,

     

    SF arent new to the South,they have been contesting elections here for many years without much success,

     

    They made a break though in electoral success on the back of the peace process but I think people see through their rhetoric now.

     

    As regards Gerry and the IRA and people like you and many others “who stand for what is right” well it would be nice for a revolutionary party like SF to have their reps do something well kinda revolutionary like tell the truth

  12. madmitch

     

     

    18:13 on 11 August, 2013

     

    CC @ 18.08

     

     

    What makes SF left wing?

     

     

     

     

    Maybe becuse the rest are so right wing ?

     

     

    However i do think they have swayed to far from their roots to try and please those who looked down on republicans for years.

  13. (From The Scotsman)

     

     

    Celtic bid to sign striker Alfred Finnbogason

     

     

    Published: 11 August 2013

     

     

    Alfred Finnbogason could be coming to Celtic. Picture: Getty

     

     

    ⁠22 comments ⁠

     

     

    Celtic look set to sign Icelandic striker Alfred Finnbogason just ahead of a Champions League signing deadline for £3.25m, while offering £2.5m for Wolves man Kevin Doyle.

     

     

    The Glasgow club are keen to boost their attack after losing Victor Wanyama and Gary Hooper over the summer, boss Neil Lennon could see Finnbogason as the man to fill the gap.

     

     

    The 11pm deadline for new signings affects the squad going into the Champions League clash against Kazakhstan side Shakhter Karagandy, and Finnboagason is thought to have impressed Celtic scouts when he scored for Heerenveen in their 2-0 win over NAC Breda.

     

     

    Lennon has reportedly been working hard to find the right targets to strengthen his squad, and the 24-year-old could provide the answer, along with Wolves man Kevin Doyle.

     

     

    Lennon has made previous attempts to sign Doyle but without success, however a fresh £2.5m bid could convince the English side to let him go so they can lower their wage bill.

     

     

    ~~~~~

     

     

     

    Jings..! Crivvens..! Blue Chookie Eggs..!

     

     

    Bidding £3.25M For Finbar The Iceman…

     

     

    And Setting Aside £2.5M Tae Provide A Retirement Home For The Donegal Donkey..?

     

     

    Please Tae God…Noooooo..!

     

     

    Furgetabootit….

     

     

    Put The FULL £6M In The Budget For The Iceman….

     

     

    We Have SuperWattie As An Ideal Foil For The Iceman…..

     

     

    Through The MIDDLE…..

     

     

    Let Stokes Sit On The Bench…..

     

     

    Tae Chat Aboot His Latest Tattoos….

     

     

    And Be Used When & Where He Helps The Team….

     

     

    As He Will Never Be First Choice Striker..

     

     

    ..

     

    Ah See SuperWattie Is Getting Pelters…

     

     

    For Not Scoring So Often, Lately…

     

     

    Not So Easy….When Playing Out Of Position…

     

     

    On The LEFT WING…..

     

     

    Nonetheless….Since His Introduction With The Brace Against Motherwell….

     

     

    He Has STILL Has A Better Striking Rate Than Any Other Forward..Hooper Included…

     

     

    For Every Minute On The Pitch…..

     

     

    And This Notion That He Will Only Get Goals From Punts Up The Pitch/Breakaways….

     

     

    Which Are Not Celtic’s Style…Not True..

     

     

    For Most Of His Goals…He Picks The Ball Up About Twenty Yards From Goal….

     

     

    And Hits It…On Target!

     

     

    What A Revelation …For A Present Day Celtic Forward …

     

     

    i.e. Goals Against M/Well,And Goal At Parkhead Against Barce Development Team….

     

     

    Surely Oor CannonBall Kid Can Find An Irish Granny…..

     

     

    Somewhere In His Family Tree…..

     

     

    To Sway Oor Blinkered Ginger Tinkerman….?

  14. GlassTwoThirdsFull on

    Madmitch

     

     

    DM looked a great prospect, seemed to disappear for a few years but now looks like the real deal. Wondered if he might come back if FF was to leave. But with Cardiff now in the EPL that might not be realistic. Can’t think of too many others. Here’s hoping the latest crop are a better bet.

  15. 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

     

    ————————————————————————-

     

     

    Many people vote Sinn fein simply because they put Irish unity first and foremost. Many people believe if you live in Ireland and don’t vote Sinn Fein you’re a traitor.

     

    Many west Brits in the free state and loyalists in the north east don’t vote for Sinn Fein

  16. Quite sure if you googled Irish political blogs you would find enought to sate you appetite

     

    Why people find it appropriate in the present dayto discuss Irish politics on a blog devoted to a Scottish football club is beyond me

  17. What is the Stars on

    Foxy

     

     

    Many people believe if you live in Ireland and don’t vote Sinn Fein you’re a traitor.

     

    Many west Brits in the free state and loyalists in the north east don’t vote for Sinn Fein

     

     

    Bizarre statement

     

     

    However the usual aul nonsense about “West Brits”

     

    So the majority of Irish citizens (who in fact dont vote for Sinn Fein) are traitors to the Irish Nation

     

    Hmm

     

    I am sure there is logic in there somewhere

  18. Delaneys Dunky on

    Ohmni… Agree with you regarding defence and cover. Also remember Marcus Fraser is due back from injury in October. Have seen a lot of him and feel he is the real deal, as is Jackson Irvine and Darnell Fisher. Two ready made midfielders IMHO. The future is very bright. One more 30 a season goal scorer in, and I would be a happy bhoy.

  19. What is the Stars on

    Mickbhoy

     

     

    You are correct of course

     

    But it rears its head from time to time

  20. Ohmni

     

     

    Yes… Ah do Agree, whit yo ,pal…

     

     

    Moko, in a Defender…diz display that rare Ability.. which is a hard tae Find.. as A “B” Battery!

     

     

    It is called..

     

     

    Positional Sense.

     

     

    Yep.. That is a big Plus in any C.B.s Resume.

     

     

    As you have Mentioned… We Need More Fire…in oor.. well.. Power.

     

     

    We need .. at least..

     

     

    TWO Mair, Strikers…who .. well ..kin .. Strike!

     

     

    At this time.. Celtic,are ..Almost.. Ah said.. Almost..

     

     

    Bereft..of A Striker..who kin.. well… STRIKE!

     

     

    Balde,is a Project in Progress.. He May Ripen ,intae a Crunchy Sweet, Red Delicious..or.. he may develop intae A .. Sour as Vinegar….Granny Smith!

     

     

    We do not know..

     

     

    Let’s hope he Makes the Red Delicious.

     

     

    Ah,also,hope we get this Finbogasson Chap..

     

     

    Howevahhhhhh..

     

     

    Ah widnae Pay mair than.. Three point Five Million.. .and..No More!

     

     

    Ah Canny Help Ma Nature..

     

     

    Ah am Frugal.(Tell the truth,pal.. Ye ur jist.. Too Damned Cheap!…ed) ( Zip it, son.. Ye’re Joab is Hingin’ by a Threed!)

     

     

    Nice Chatting,pally.

     

     

    Kojo

     

    Still, Laughin’

  21. what is the stars

     

     

    18:18 on 11 August, 2013

     

     

     

     

    Yep contesting against a government and a media who have an obvious agenda against them.

     

     

    Tell the truth ?

     

     

    What is the truth ? This is your big chance to enlighten us all ?

     

     

    After that you could force the truth from the succesive governments that stood idly by while a foriegn government went to town on your fellow people.

  22. Guys this is a serious question.

     

     

    Where/when did this term West Brit come from?

     

     

    I think I kinda understand what lies behind it but maybe not.

  23. What is the Stars. Yes I do mean Sinn Fein. I joined when I was about 15 and 50 years later I’m still flying the flag. I was part of the Cork Housing Action Group back in the sixties and visiting the tenements and seeing how families were living in desperate conditions instilled an anger in me that lasted a lifetime. To be honest don’t really want to talk about Politics on this site. Its a Celtic site and when I come here I prefer to talk about matters relating to Football. Also on a big high today after Cork’s win so don’t feel like getting too serious about anything.

  24. Please please, gonnie stop posting in capitals. Apart from SF, the majority of posters haven’t a clue who you are on about. :)))

     

     

    Weefra HH

  25. What is the Stars on

    Eldiego

     

     

    The term West Briton was first coined by Daniel O’Connell

     

    Ireland is located to the west of Britain so Irish people who regarded themselves as British or were perceived by Nationalist Ireland to be pro British were referred to as West Britons or West Brits

     

    Its usually an insult and has been bandied about over the years by Nationalists in the north to describe the citizens of the South who they felt had turned their backs on them

     

    In fairness they were sometimes justified in this

     

    However at this stage its a bit silly to use it to describe everyone who refuses to vote SF as a West Brit

  26. leftclicktic

     

     

    There are direct flights from Kiev (Ukraine) to Astana.

     

    Tickets 507 USD, Embraer 190. Seats still available.

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