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. the singing detective demands the resignation of campbell ogilvie

     

     

    18:21 on 11 August, 2013

     

     

    Donegal is the north or ireland

     

     

    Kevin doyle is from cork in the very south of ireland.

     

     

    Any wonder i usually a

     

    Scroll past your long posts

  2. What is the Stars on

    Corkcelt

     

    Fair enough

     

     

    and well done today in the Hurling

     

    Great game

     

    Thought the ref favoured you a little bit but you were worthy winners in the end

  3. On behalf of the Rheb Ghirl i married 30 odd yrs ago………………………..

     

     

     

    UP THE REBELS !!!!!!!!!!!!!!!!!!!!! WELL DONE CORK.

  4. My dear,dear,dear,friend.. The Singing Detective..

     

     

     

    Hiya,pally?

     

     

    Nice tae greet ye.

     

     

     

    Ah agree.

     

     

    Tony Watt, has bin treated maist Shabbily , by Neil..

     

     

    Tony,is an oot and oot Striker.

     

     

    He kin tak oan and Skin… a Man..and He kin Run Like a Linty .. who has jist hid a Spot of Hot Sauce.. Spilled oan it’s Tail!

     

     

    He is The Ideal Lonely Linwood Striker..

     

     

    He must be Played in the Middle. ..no oan the Wings..

     

     

    Neil, is displaying his Stubborn Side.. when he insists of Playing Tony..

     

     

    Way oot West or East.. But, no in the Middle of the Attack..

     

     

    Nuts, Ah call it… Don’t You?

     

     

    Ah see that ye Dae!

     

     

    Nice chatting,pal.

     

     

    Kojo, Still Laughin’

  5. What is the Stars

     

     

    Thank you also.

     

     

    Trying to think living where I do what I’d be called.

     

     

    Leaving myself open there:o) Hope SOAL isnae lurking.

  6. proudbhoy, Kevin Doyle is from Wexford which is a long way from Donegal as well. He did play for Cork City which is probably the reason that Cork came to your mind.

  7. what is the stars

     

     

    18:32 on 11 August, 2013

     

    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

     

     

     

     

    True , theres more west brits than ever these days and sadly it will continue to grow.

     

     

    Of all the southern parties SF is defo the most left wing revoluntary of the bunch. But that wouldnt be hard

  8. TSD

     

     

    Sure we’ve argued in the past ( in fact I know I’ve aimed some mild insults in your direction) – have you been on holiday?

     

     

     

    Jimbo

  9. corkcelt

     

     

    18:36 on 11 August, 2013

     

    proudbhoy, Kevin Doyle is from Wexford which is a long way from Donegal as well. He did play for Cork City which is probably the reason that Cork came to your mind.

     

     

     

     

    Your rught it is the reason, followed derry all my life so thats why i jumped to cork. Wexford does sound very familiar thou.

     

     

    Hope we sign him, along with another striker.

  10. Retiring for the night.

     

    Before I go I would recommend Fintan O’Tioole’s ‘Ship of Fools’ the story of an economy raped by chancers both in and outside of government.

  11. mattgallscot

     

     

    14:34 on 11 August, 201.

     

     

    Talking about walter mitties…

     

     

    When working in barr & strouds toolroom, I had to listen to one of the best fantasist going

     

     

    One of his stories was…that when he was younger and in the RAF, he collapsed with accute appendices.

     

     

    After awakining, he was informed that he was lucky to be alive.

     

     

    Now the punchline. … being young and nieve at the I asked him..

     

    you must have a scar?

     

     

    No said jj, upon awakening, the surgeon asked jj …do you workout? yes was the answer and why do you ask?

     

     

    Supposedly it took four people to pull his muscles apart.

     

     

    And that’s why he had no scar, he didn’t need stitchted as his muscles sorted it.

     

     

    Does this mind you of a hun club???

  12. RalphWaldoEllison remembers ALS victims Jimmy Jonstone & John Cushley on

    Notts County but never Notts Forest.

     

     

    Ask any Forest fan. Ask any Co fan.

     

     

    A bit like saying Celtics FC or Celtic Glasgow FC.

     

     

    Just sayin & off oot.

  13. 23 years ago i visited Ireland on holiday. I don’t think i saw a Celtic top other than my own…

     

     

    You can’t go anywhere in Ireland now without seeing them. There is a certain affinity with Celtic across this island but i suspect you will find most real Irish Celtic supporters are from urban working class areas with some exceptions.

     

     

    I also think the economic situation has played a big part. 10 years ago 5k Irish people travelled tp every home game. CSCs were doing well. A lot of guys in construction were making good money and could afford to travel more often. That had changed. A lot of younger people are in the states, Canada, Australia.

     

     

    The core Irish Celtic support was never as big as we might have thought.

  14. What is the Stars on

    Quonno

     

    Fintan O’Toole is a bright clever guy and he seems very genuine in his journalistic campaigns for social justice

     

    However he would be regarded as a West Brit and Traitor to the Irish People by some on here

  15. what is the stars

     

     

    18:42 on 11 August, 2013

     

    Proudbhoy

     

     

    whats your definition of a West Brit then

     

     

     

     

    Someone who sees a difference between republicans in the 1920’s and republicans in the 60’s onwards

     

     

    To me the boys of kilmichael And the men from crossmaglen are the same.

  16. Quonno – my missus bought that recently. Must get a look at it. O’toole is not a favourite of mine when he comments on northern issues but he does make some valid points about economic matters.

  17. Desert Bhoy

     

     

    Ah sure.. Second That, pal!

     

     

    No Doyle fur Me!

     

     

    Looks like Neil.. Wants him…and ,as ye know..

     

     

    Neil, hiz nevah met an Irishman.. that he Didn’t Like.

     

     

     

    Canny Blame him, fur That..

     

     

    As… Ah Hivnae Met a ROMAN CATHOLIC.. whom Ah didnae…Instantly.. Like!

     

     

    Kojo

     

    Still, Laughin’

  18. What is the Stars on

    Robert Tressell

     

    There is plenty of support for Celtic in Ireland

     

    However many people who”support” celtic will also support an Englishs club as their “first team”

     

    I live in Dublin and I have been asked many times who I support,when I say Celtic I am often told “ah we all support celtic but who do you support in England ?” either that or “ah scottish football is sh**te”

  19. What is the stars. …. I think i Jus proved your point! Time was i wouldn’t have looked at his stuff but having rid myself of troubles induced myopia i have come to recognise that he is a bit more multi dimensional than i ever gave him credit for.

     

     

    Keeping an open mind these days…..

  20. What is the Stars on

    Proudbhoy

     

     

    To me the boys of kilmichael And the men from crossmaglen are the same.

     

     

    Interesting

     

    Would any of these Crossmaglen men know what happened to Paul Quinn

  21. Someone asked how do we invest the money.

     

     

    1.Buy more land around Lenoxtown/Parkhead whilst its cheap

     

    2.Build hotel complex near Parkhead/Lenoxtown

     

    3.Buy into catering franchise for inside and outside Parkhead.(McDonalds,Costa etc)

     

    4.Establish and improve a transport hub outside Parkhead trains subway bus station etc

     

    5.Establish and build outside fans zones to be used during European matches acting as overspill areas with beam back facilities of matches with the possible use of the Velodrome across the road.

     

    6.Establish full size 3/4g playing surface at Lenoxtown as were going to be playing a great deal of qualifying matches in the next 10 years.

     

    7.Oh and a Casino.

  22. what is the stars

     

     

    18:49 on 11 August, 2013

     

    Robert Tressell

     

    There is plenty of support for Celtic in Ireland

     

    However many people who”support” celtic will also support an Englishs club as their “first team”

     

    I live in Dublin and I have been asked many times who I support,when I say Celtic I am often told “ah we all support celtic but who do you support in England ?” either that or “ah scottish football is sh**te”

     

     

     

     

    100% true, chatting to a dub tonight , when i said celtic he said yeah but who in england.

     

     

    When i said no one he looked confused.

     

     

    Told him following derry celtic and ireland was enough.. Then he asked northern ireland or rep of ireland.

     

     

    another uneducated fool.

  23. garygillespieshamstring on

    If Kevin Doyle signs, will the celtic park dj give a few bars of “the boys of wexford” every time he scores a goal?

     

     

    And nae gags about having to wait for three months to find out.:)

  24. ElDiegoBhoy

     

     

    Keeping you in my thoughts, Sir. Whenever I’m meeting my brother I know that life after losing wife too early is not easy. His daughter’s chemiotherapy is not going well. Strenght to you, your daughters and Sylvia.

     

    I was hoping for a draw Celtic : Legia. We could meet. No game between us but I hope sooner or later we will meet again.

  25. What is the Stars on

    RobertTressell

     

    Yes I was going to get involved yesterday when the debate was about all the Liverpool fans in the Aviva

     

    One guy actually said no Irish man should support an english football team after they murdered us for 800 years

     

    Its only football FFS and teams like Man Utd (especially which has had prominent Irish players down the decades) and Liverpool,even Leeds (from the Johnny Giles) era have always had huge support here

     

    And so what

     

    Not everyone supports Celtic but plenty do

     

    There was always huge reporting of English football here and its even more pronounced since Sky re invented it

     

    Of course the other problem sadly is that Scottish football is fairly poor

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