19 years after last having money in the bank, all we needed was ‘Armageddon’ to allow Celtic to return to the black.
Despite a drop in income from domestic football turnover increased an incredible 47.7% to £75.82m thanks to participation in the Champions League, leaving a balance of £3.76m in the bank (after season ticket money arrived in) on 30 June 2013.
The profit for last season of £9.74m more than made up for the loss of £7.37m made when competing with others who were subsequently found to be unwilling (not just unable) to pay their bills.
This summer’s transfers were split between the financial year just reported and the current period, with a £9.66m investment in football personnel and £5.19m recouped from player disposal (clearly the Wanyama sale was post-year-end.
These figures are retrospective and would have read hollow if the club didn’t reach the Champions League again this season. With that status achieved we are now in a remarkably strong position to continue to scout, recruit, develop talent and improve the playing squad.
More detailed analysis tomorrow.
1254125 at The Great Scottish Run.
On Sunday 6 October there is a 10k and Half Marathon. If that is beyond you. There are family events taking place the day before. This is your club, remind the world of what really counts and get involved in 1254125.
The first thing you need to do is sign up for the Great Scottish Run, or here for one of the family events.
Once you’ve done that, you can register for the 1254125 campaign here.
Then you can create a donations page here. Click Start Fundraising, search for Celtic Charity, setup your My Donate account).
Email me and let me know if you are having trouble signing up or need any more help, celticquicknews@gmail.com.
To read the new issue of CQN Magazine click here (don’t try to read the graphic below).
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Night Weefra
For the record, i am an expert in nothing!
Hail hail
joe filippis haircut
18:47 on 23 September, 2013
If as is being reported young Tony Watt is unfit it doesnt say good things about the lad thousands would love to play for Celtic and if all it needed was to be fit you bet they would be fit.Tony is 19 or 20 and is supposed to be a professional athlete if he is not fit at that age he never will be.I am certain his loan spell and his fitness levels and attitude when he returns to Celtic will go along way to deciding his footballing future.H.H.
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Give him his dues,he scored in 92 seconds.
I want the guy to succeed,we all do.
He may well have to screw the nut,but you canny criticise him for scoring in 92 seconds.
tricoloured ribbon
Yeah I did read it. He is a Celtic fan ! But like any Hun what annoys him is the truth. I keep reminding him of his boasts of ripping off visiting Irish Celtic supporters and the contempt he holds others in. If he is like rhat for real a Truly horrid individual. Perhaps his former occupation or upbringing has moulded such a feeble humanity.
Like I said you know when you have rattled the cage, when the profanities start. Funny really.
Ok dd,
Was beautiful here today and very mild tonight.
Most importantly,in this area 100% zombie free!
Auldheid
You got a car ?
Mucho impressed ….jestin >}
Driving like a normal person does will take from your bit, two and a half hours, I can do it half an hour less, but I am a loony behind the wheel.
Let me know and I will give you directions.
HH
Coneybhoy
Me tae. Welcome to the imbeciles club. Let’s get that trending. Lol
Just read on twitter, Wee Oscar is on the mend. Hail Hail Wee Oscar.
Weefra HH supporting Wee Oscar
big-cup-winners,
How do you know he is definitely a Tim?
TR
Unfortunately, too near the glen lusset zombies. Dalmuir, Duntocher and Whitecrook still doing us proud :)
My own input on the marching/protest/sad country thing.
I think this has been blown out of proportion.
Most people seem to agree that the marchers are in the wrong and the issue is around whether the description of Scotland is pejorative or not.
Sounds like the guys who posted were not sticking it to Scotland so i hope Trophyboy can compromise here or leave it alone.
I’m all for having a barny over serious points but this seems like semantics or an over reaction.
Hope that an actual game tomorrow will spread some love. Feels like there a few cliques building up round here, sandbagging and storing ammo for a fight. Not sure why: most antagonists and allies don’t even know each other.
I’ve met a few people from here with no obvious connections and they are all sound.
Most aggro here would not happen in real life so hopefully i am wrong about the tension building
Peace
Weefra
I read your wisdom every time you post
GNGB
big-cup-winners
00:17 on 24 September, 2013
Mwahhhhhhh Darling
Tricoloured Ribbon
Tiny Tim has met him supposedly.
ah the taxi shift has finished…….
Strange that there are no comments about the report on our Club’s interim financial statement by Linzi Watson in today’s Evening Times:
http://www.eveningtimes.co.uk/celtic/u/celtic-unveil-turnover-of-7582m-up-50-on-last-years-figures.1379948639
On four separate occasions she states that it is the Club’s figures. There is no reference to an overseeing Company or Group.
It is a similar scenario in the official site who do mention Club but also Group. However, Ian Bankier signs off as Chairman, Celtic Football Club.
Am I reading more into this than actually exists? Are Celtic really adopting a very subtle approach prior to some major occurrence (the AGM)?
Re. the frozen peas at the food outlets – maybe the outlets are doubling as First Aid stations, as everybody knows that frozen peas are the best cure for swollen ankles!!!
BachelorsCSC
dd,
The Glen Lusset was always a Hunshop,
Any Tims in OK drank in the Telstar but they were few and far between.
Just had a marvellous little evening in the company of fellow Ayrshire Tims.
Ayrshire’s Green and White,right enough.
Turns out,btw,that the six degrees of seperation may be true after all.
Via BLANTYRE,of all places.
Well,wow. I was astounded.
Uh oh..
DD
yer a star. Honestly. Love reading yer posts. Keep them coming, and we’ll force these “experts” out. Lol. Def bed now or Summa will be questioning my reliability. Night Night Timland (#Ask Summa) oops4. It is a bit of a laff this, so just put up with it please.
Weefra HH supporting Wee Oscar.
TR
Never knew OK was a hun enclave till I moved here. The myth owns the ettrick I heard.
Tri Rib/DD
I used to play football up in Drumchapel twice a week for several years. It was mixed company but all the Tims drank in the Glen Lusset whenever they were in OK.
Been down in Dalmuir a few times in the Horse and Barge. Has it changed name ?
Hamiltontim
Moved down to Dalmuir last year. Went into the Glen Lusset with my lady in matching green and white outfits. We were not welcome!
Gutted at the predictor well stuffed
Congratulations SFTB worthy winner
Off to bed
BCW
Was O’Kanes but changed back to HandB last year. Still big Tim shop.
TROPHYBHOY. 2231
Eh?
What part of that march made you proud to be Scottish?
What part of it contradicted the heading?
That was a rabble,a bunch of peepul who did our country no credit,they looked like they had just marched out the pub,tanked up,and taken the place over,and no-one was stopping them
There were no Police Officers marshalling the event,nor were there any stewards keeping order.
The Police Officers who WERE there should be commended for protecting a few protesters from getting their lives cut dramatically short.
That was a bunch of scum being given carte blanche to do what they will.
And you have a problem on how it was reported?
Ffs
I know a few good Tims in the Horse and Barge.Very few zombies in there.
DD
It always struck me as a bit of a nondescript and friendly pub, clearly it has been taken over.
Night all God bless.
Ps I still have several spare tickets for Kilmarnock for anyone interested.
HT
It has.
GNGB
http://twohundredpercent.net/?p=24026
I posted the above article on here and on twitter earlier this evening.
It was posted to encourage debate about the issues contained within the article. Sadly there are those in our support that are almost zombie like in their apparent unwillingness to debate anything that may reflect badly on Celtic Plc. I was hammered on twitter for even having the temerity to post it, one poster who said the article was “pish” then went on to confirm that part of the article was indeed true but I was a idiot for bringing it up. The consensus from the Celtic twitter illiterate was that although the main points of the article were factual(exact amounts were not) then as these points had been highlighted by Zombies we should disregard them.
I am happy that our financial situation means we will never be in the same boat as our old foes over in Govan but when has it became the Celtic way to silence debate and ridicule those who want to debate the facts?
Sometimes I wonder if there is a section of our support that is just like them, it makes me feel uneasy.
TR
The zombie in HnB is becoming a very rare species. Fair few Bankies fans now though ;)
dd,
Do you ever frequent the Radnor mate?
TR
My sister lives in Morar across the road, so I do when I see her. Know Jackie well fae Knightswood. Clarence the zombie. :)
Ach well.Goodnight to all Tims on earth.TAL.
dd,
Before I go,hahaha.I know Jackie very well.She’s no the worst zombie in the world.I’ve a brother who swallys in the Ranch 7 days a week! Was always my watering hole.Great chatting to you as usual bud.Take care and God Bless ye.Night night.
TR
GNGB bud
The Narrowbhoat Tim
23:50 on
23 September, 2013
BCW
Get the telescope out of the garage for the 9th of November to look at the 3 comets in the sky just in case it’s Nibiru or an UFO invasion!
The End of Days CSC
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
I blame the Nephelim myself………
Half men……half Gods.
If they played football back then……….our history would be even longer than and more glorious than its present 125 continuous years (and counting) LMAO
I used to listen (past tense) to radio snide and the awful Hugh Keevins going on about “bragging rights”.
Revenge is a dish best served cold……….we won.
If sevco make it back to the SPL without going bust again then they will be forever in a dog fight for 2/3/4/5 place in a decaying stadium.
Theres no banking facility without personal guarantees (its all payable on demand ish)………theres no Blue Knight billionaires (sorry SMSM)………theres no future.
They’re worried about 9-I-A-R?……try 20-I-A-R
They’re a left over anachronism from another century…….
Scottish Champions every year………CL group stages every year………and the occasional serious drive towards a final appearance….whats not to like?
By the time the orcs get up to speed we will be 100M to the good and comletely of the radar……..and not a blue billionaire in sight.
They can march all they like…….but from here on in they are the poor relations…all 80% of them.
Enjoy.
eddieinkirkmichael
01:02 on 24 September, 2013
http://twohundredpercent.net/?p=24026
I posted the above article on here and on twitter earlier this evening.
It was posted to encourage debate about the issues contained within the article. Sadly there are those in our support that are almost zombie like in their apparent unwillingness to debate anything that may reflect badly on Celtic Plc. I was hammered on twitter for even having the temerity to post it, one poster who said the article was “pish” then went on to confirm that part of the article was indeed true but I was a idiot for bringing it up. The consensus from the Celtic twitter illiterate was that although the main points of the article were factual(exact amounts were not) then as these points had been highlighted by Zombies we should disregard them.
I am happy that our financial situation means we will never be in the same boat as our old foes over in Govan but when has it became the Celtic way to silence debate and ridicule those who want to debate the facts?
Sometimes I wonder if there is a section of our support that is just like them, it makes me feel uneasy.
=================================
It was a worthy post, eddie – really interesting.
And it probably led to the brilliant explanation of the situation by TBB to PF Ayr, as I’ll re-post below. Celtic’s debt position is sound, actually run with sense. Facts to shut up the ignorant Zombies…..
++++++++++++++++++++++++
The Battered Bunnet
21:49 on 23 September, 2013
PFayr
The answer to your question is most probably in the quote from the annual report as follows:
” “The Group and Company has a £33.49m facility with the Co-operative Bank of which £12m is in the form of overdraft and £21.94m in long-term loans. £10.97m (2011: £11.34m) of the loan facility is required to be drawn down for the term of the facility agreement.”
In other words, in order to have access to an overdraft facility to manage cashflows, the club is required to have drawn down £10.97M of loans on which we pay interest.
Were the club to repay the loan (without penalty) they would simultaneously lose the overdraft facility, something I imagine that the club would prefer to have on hand.
The reason that one is tied to the other is fairly straight forward: The overdraft ebbs and flows as business fluctuates. The bank get nothing if the account is in credit, such as it is mostly these days. In order for the bank to make a little dough – £173K annually – it insists that the club uses the loan before the overdraft.
At year end the bank owes us £3.7M when you net off the account balances against the loan. Football though is a fickle mistress, and tends to dip yer wallet periodically and without warning, hence the need to have a secure borrowing facility. The cost of the facility is the interest on the loan that isn’t needed.
Hope that helps.
TBB
!!Bada Bing!!
16:54 on
23 September, 2013
Is the Wanyama money included?
Dont believe any of the incoming transfer money is included…….same goes for the money we spent…….
Shows in the next set of accounts
Well I think so!