Detail in our annual accounts for the year to 30 June 2014, released yesterday, are bitter sweet. It was a good year financially but the successes were underpinned by qualification for the Champions League. This season’s revenue will be lucky to rise much above £50m, from last season’s £64m.
I see lots of comment on Peter Lawwell’s £400k bonus. The key figure to concentrate on executive pay is the basic (in this case £524k), not the bonus. Celtic executive pay, including manager, chief exec and scouts, should heavily incentivise qualification for the Champions League. If we’re in the Champions League, all other objectives become possible. Failure to qualify brings a range of risks; so the execs should feel the pain of failure in the pocket.
Basic pay should be appropriate for the work (this goes for all staff at the club, of course), but there is ample room to incentivise everyone, from executives, to kiosk staff, to stewards, on club performance or service objectives, as appropriate. Would doing so tackle many of the stewarding and service issues we see regularly? Would be interesting to find out.
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leftclick
Me too.
The Battered Bunnet
15:40 on
17 October, 2014
It’s not ‘salted’ Auldheid.
You either use it, or lose it.
Neither are there any guarantees that if you use it good things will happen. But if you don’t, they most certainly won’t.
It’s all about judgement.
In a business that is reliant on either or both of UCL income and player sales, having £15M in the bank and no talent on the park is really quite hopeless.
======================
There is a lot of “punt” involved and so need to minimise the risk of getting it wrong.(hence loans?) but the no talent on the park, using the EL as a barometer,has 4 points from 6 after two games.
Now that could go either way and be same after 6 or qualifying for next stage.
I think the EL is our natural economic level and the CL the exception and we will cycle between both according to how well we punt on players.
TBB
Very interesting post.
The mind boggles.
Auldheid
Tell me you understand the principle that without UCL income and players to sell, the money in the bank will be spent on running costs.
Please.
TBB
PLEASE should be getting a salary cut not a bonus for this year’s shambles. The silver lining is it may incentivise home to cut his losses with RD if he thinks it might impact his next year’s salary…
PL not please…
bournesouprecipe
Those kind of bonuses I can handle…
The Battered Bunnet @16.06 hrs.
“Of our 40 odd thousand season ticket holders last year, 60% ticked the box to remove the automatic £1 charity donation”
————————————————
I would have bet against that. The most intriguing post I have read today and certainly raised my eyebrows.
HH.
Season Ticket Renewals 2013/14
Total season ticket sales (no.) 43,072
For the second year in a row, season ticket renewal packs included
a £1 ‘opt out’ donation to Celtic FC Foundation and a wonderful
total of £17,141 was donated by the Celtic Family.
Leftclick & yogi
Cheers gents
Cultsbhoy,
I’m pretty sure the accounts are based on last seasons performance
They will be back soon.
fred colon
15:33 on 17 October, 2014
Mail back to you.
Keep the Faith!
Hail Hail!
Celtic ST holders don’t tic all the right boxes.
Tbb
My thoughts exactly….. Not playing in CL creates a £15-20m revenue gap.. This will be filled in 2 ways – selling players or using money in reserve,
I agree EL is more suited to the level of player we have but we have a very free run at CL most years and we should be gearing ourselves towards that imo.
Lawwell has gambled and list imo.
Time for a ‘project CEO’..?
The Battered Bunnet
16:03 on
17 October, 2014
Its supporters who create the demand to pay top dollar. We could just stop. Ive posted this before.
Evolution Soccer – Revolution Soccer.
“The socialism I believe in is everybody working for the same goal and everybody having a share in the rewards. That’s how I see football, that’s how I see life.” Bill Shankley. Liverpool FC.
Football has experienced a curious phenomenon over the last ten years. Neither the fans nor the clubs can be considered the owners of the game. If we define ownership as the ability to dictate terms then it becomes self evident. The world’s best players and those who hang on to their coat tails now run the show and it filters down to the lower levels. These people are football’s new owners.
How has this happened for it would be impossible in normal business? It happened because the player’s paymasters, the support, set no price on their desire for glory and success. The paymasters have become the slaves of glory and football is paying the ultimate cost.
Along with the desire for glory at any price is the working man’s thinking that a player, like any working man, has the right to negotiate as high a reward for his labour as he can. As a left leaning Glaswegian who has had to strike for improved conditions in normal business, I subscribe to that notion and paid my dues to defend that right. However football is not like normal business. In normal business if a worker negotiates a wage that makes the company uncompetitive because the rise exceeds the income it will generate, that company will eventually go out of business. Thus a reality wage ceiling is in place. This is a good thing because it means the company can continue to offer employment to all its workers and continue to serve its customers.
However in recent football history the influx of TV and sugar daddy money has enabled a wage to be offered that goes way beyond the business’s ability to sustain, but unlike normal business, clubs do not, by and large, go out of business. They find ways of reforming and carry on, but at a cost to those players not in the top earning bracket, or to the workers in companies who served them. It has meant smaller squads, fewer players able to earn.
It is a curious socialist philosophy that supports a player’s right to get as much as he can from the game, but ignores the consequences for his fellow players/workers without whom there would be no game.
A good analogy is in order here. Modern football is like a description of a scene from hell where a visitor looks into one room and sees an emaciated group around a table on which is set a large pot full of stew. They cannot eat because their arms have been set straight at the elbow and elongated so that they cannot get a spoon in their mouths. It is a miserable place. Then the visitor goes upstairs and enters a similar room with occupants similarly handicapped, but where everyone is well fed and contented. “How can this be?” he asks his guide. “Well downstairs all their energies are spent in the nigh impossible task of feeding their insatiable hunger, whilst up here they simply feed each other.”
The thankless job of managing the downstairs room falls to the custodians of clubs, but their hands are tied by the players’ real paymasters, the support, demanding the custodians throw more food into the room, rather than teach the occupants the benefit of feeding each other for the good of all.
Not all players and agents are greedy men, John Kennedy’s magnificent gesture to give his testimonial money to famine relief is a demonstration of this, and there are other players who also carry out charitable acts. However, overall, it is players who exploit the support using the support’s desire for success to demand from custodians wages that starve lower reaches of the game. There is more than enough finance to satisfy both players and supporters needs, it just needs to be distributed more equitably.
Hopefully this phenomenon will end when the unconscious paymasters – the support, who should be the owners, waken up and realise that they are being exploited, not by the custodians of clubs, but by their fellow workers the players. When this realisation finally dawns about who currently owns football a consensual wage ceiling might emerge to allow football to again become the people’s game. There is no natural ceiling to ensure wealth generation is preserved or that the wealth created is more fairly distributed. One must be created.
At some point the age old class struggle of exploited worker versus owner will be repeated, except the battle will be between a more aware and responsible support and the new owners of soccer, the players.
These are not to be confused with the players of the past, fellow workers of their time exploited by then club owners. Players like Bobby Evans, Willie Fernie, Jimmy Johnstone, Bobby Murdoch etc. These guys and their fellow professionals were working men all their playing lives.
Those days, however, have gone.
Geordie M
I’m aware of that but Im proposing PL gets a pay cut for this year’s lack of performance
That pesky ole Green Brigade food bank collection at Celtic Park 01/11/14.
Sevco are playing pre evolution soccer.
“I’m aware of that but Im proposing PL gets a pay cut for this year’s lack of performance”
Cultsbhoy,
He might well do.
Greenpinata
16:16 on
17 October, 2014
The Battered Bunnet @16.06 hrs.
“Of our 40 odd thousand season ticket holders last year, 60% ticked the box to remove the automatic £1 charity donation”
————————————————
I would have bet against that. The most intriguing post I have read today and certainly raised my eyebrows.
HH.
I agree that really surprised me
HH
Tricoloured Ribbon
15:17 on
17 October, 2014
cc,
No mate.Won’t be up.Would take a point..
——————————————————————————————————————–
I was talking to Joe Gormley earlier said to him I’d take a point
He said they want to put Linfield in there place cos Feeney has been bigging them up and talking us down as a one man team after Boycie left
Have to agree with Joe now 8-)
dessybhoy
Thanks for the link, had to dash off and stop the weans from wrecking whit’s left of the hoose….
The Battered Bunnet
16:13 on
17 October, 2014
Auldheid
Tell me you understand the principle that without UCL income and players to sell, the money in the bank will be spent on running costs.
Please.
TBB
====================
Yup but I was working on building up a reserve over 3 years of CL to cover one year without CL to avoid selling. Otherwise we have to sell year on year.
That also depends on sellable players not wanting offski.
Santos Striker – got a penalty for pulling his own shirt.
Greenpinata
15:12 on
17 October, 2014
Thats very true mate – I always try to strike a deal with the guy who drops me off – otherwise you spend the end of your night diving in front of taxis trying to stop them or else waiting in the rain
New here guys
Have managed to log on but don’t know how to log off
bigmicksbhoy
16:30 on 17 October, 2014
Welcome, mate, you a Hun…:)?
Don’t need to log off, just remember your password as periodically the blog logs you off.
Keep the Faith!
Hail Hail!
Bigmicksbhoy
Just stay
Welcome aboard the good ship CQN.
leftclicktic
16:34 on 17 October, 2014
Goooood afternoon leftclick, how’s the form?
Keep the Faith!
Hail Hail!
No not one off them
Lurked for a long time and just came on to thank Twists for his tips
Came close today but it will take bookies a long time to get their money back from earlier tips
Lennybhoy
Looks like I’ll be in the company of some fine CQNers next Friday:o)
AAGHH, Posted on last thread again, this time my own stupidity, compounded by fleagle, he is still merrily posting away on old thread, results of some competition. Anyway, I will leave him a message that the world has moved on. Anyhow here’s a copy & paste of my post.
Met a legendary Celtic fan this morning. This man who originally hails from Donegal is probably known to quite a few posters, he has travelled to Home & Away fixtures incl mid week fixtures for over 30 years (From Ireland). Has had articles written about him on National papers and is one of the most faithful through and through.
Asked him whether he was still travelling but he shook his head, confirmed he still has his season ticket but said he can’t bring himself to watch present side. He said he travelled to every game throughout the Huns 9 in a row but never felt so disillusioned by a Celtic side as he is at present. He has no confidence at all in Ronny and was totally negative about future prospects. Must say conversation left me totally depressed , I felt like I had been brainwashed by NegAnon, KevJ & PfAyr all at the one time.
bigmicksbhoy:
Just the usual initiation question but you will know that from lurking. Enjoy joining in.
Keep the Faith!
Hail Hail!
Lads please look up last thread, fleagle has gone to some trouble in updating ye all. I know he can copy & paste it. if and when he realises he has been posting on an old thread.
To save
fleagle1888 posting them over :)))))))
13:43 on 17 October, 2014
Lads, firstly an apology…
I’ve been hectic with a new job and then holidays over the last few weeks so have not been on top of the CQN naps competition.
I will be updating Weeks 6-9 results in the subsequent posts on this article.
Thanks for your patience…
Cheers, fleagle1888
fleagle1888
13:44 on 17 October, 2014
CQN Saturday Naps Competition : WEEK 6 results (20th Sep)
Selections :
16 roads (The Crafty Butcher)
21-5-79 (Mass Rally)
67Heaven (no selection)
ABZMike (Highland Acclaim)
Bada Bing (Border Legend)
BMCUWP (Blaine)
BULL67 (Ainippe)
Burgas Hoops (Watchable)
Cathal (Fast Shot)
Celticrollercoaster (no selection)
Che (Above the Rest)
Cosy Corner Bhoy (Alben Star)
Elharto (no selection)
Eurochamps67 (Heartbreak Hero)
fleagle1888 (Jontleman)
green T (Scream Blue Murder)
Gweedore Celt (Barnet Fair)
hashadenough (Jungle Cat)
Hotel de Paris (Huntsmans Close)
Hutchybhoy (Barnet Fair)
Jobo Baldie (Desert Snow)
leftclicktic (Abseil)
Nye Beavans rebel soldier (Huntsmans Close)
PFayr (Meccas Angel)
Raymac (Harbour Patrol)
Rockon (Muharrer)
Som mes que un club (Weekendatbernies)
TheBarcaMole (no selection)
timbhoy in spain (no selection)
tommytwiststommyturns (Supplicant)
twists n turns (Belgrade)
voguepunter (Border Legend)
What is the Stars (Dusky Queen)
Zihuatanejo (Lexington Bay)
Hotel de Paris & Nye Beavans rebel soldier took the honours with Huntsmans Close @9/1.
Other winners : Che (Above the Rest @3/1), PFayr (Meccas Angel @13/8), twists n turns (Belgrade @5/4)
*No selection (wk 6) : 67Heaven, Celticrollercoaster, Elharto, TheBarcaMole, timbhoy in spain
*Non-Runners (wk6) : 16 roads (The Crafty Butcher)
Cheers, fleagle1888
fleagle1888
13:46 on 17 October, 2014
CQN Saturday Naps Competition : WEEK 7 results (27th Sep)
Selections :
16 roads (Potent Embrace)
21-5-79 (Balty Boys)
67Heaven (no selection)
ABZMike (Norse Light)
Bada Bing (Extremity)
BMCUWP (Bartack)
BULL67 (Forgotten Hero)
Burgas Hoops (Shasag)
Cathal (Potent Embrace)
Celticrollercoaster (no selection)
Che (Bancnuannaheirrann)
Cosy Corner Bhoy (East Coast Lady)
Elharto (no selection)
Eurochamps67 (Ballincurrig)
fleagle1888 (Laidback Romeo)
green T (Lears Rock)
Gweedore Celt (Anthem Alexander)
hashadenough (Baby Strange)
Hotel de Paris (Examiner)
Hutchybhoy (Kinematic)
Jobo Baldie (Avon Breeze)
leftclicktic (English Summer)
Nye Beavans rebel soldier (Cornrow)
PFayr (Nafaqa)
Raymac (Withernsea)
Rockon (Potent Embrace)
Som mes que un club (Little Lady Katie)
TheBarcaMole (Bronze Angel)
timbhoy in spain (no selection)
tommytwiststommyturns (Quick Wit)
twists n turns (Famous Kid)
voguepunter (Le Chat D’Or)
What is the Stars (Don Sigfredo)
Zihuatanejo (Zero Money)
TheBarcaMole sprints up the table with Bronze Angel in the Cambridgeshire @14/1.
Other winners : twists n turns (Famous Kid @11/4), Hutchybhoy (Kinematic @9/4), and fleagle1888 (Laidback Romeo @15/8).
*No selection posted (wk 7) : 67Heaven, Celticrollercoaster, Elharto, timbhoy in spain
*Non-Runners (wk7) : Cosy Corner Bhoy (East Coast Lady), Zihuatanejo (Zero Money)
Cheers, fleagle1888
fleagle1888
14:46 on 17 October, 2014
CQN Saturday Naps Competition : WEEK 8 results (4th Oct)
Selections :
16 roads (no selection)
21-5-79 (Highland Acclaim)
67Heaven (no selection)
ABZMike (American Hope)
Bada Bing (Bossy Guest)
BMCUWP (Realtra)
BULL67 (Kiyoshi)
Burgas Hoops (Fort Bastion)
Cathal (Heavens Guest)
Celticrollercoaster (Sky Lantern)
Che (Tinghir)
Cosy Corner Bhoy (Signs of Blessings)
Elharto (no selection)
Eurochamps67 (Lightning Moon)
fleagle1888 (Intibaah)
green T (Evacusafe lady)
Gweedore Celt (Integral)
hashadenough (Shagah)
Hotel de Paris (Outlaw Country)
Hutchybhoy (Fintry)
Jobo Baldie (Winter Thunder)
leftclicktic (Green Howard)
Nye Beavans rebel soldier (Limato)
PFayr (Encke)
Raymac (Princes Trust)
Rockon (Tinghir)
Som mes que un club (Almuheet)
TheBarcaMole (Heavy Metal)
timbhoy in spain (no selection)
tommytwiststommyturns (Brown Sugar)
twists n turns (Very Special)
voguepunter (Fire Fighting)
What is the Stars (Sky Lantern)
Zihuatanejo (no selection)
Eurochamps67 took the honours with Lightning Moon @13/2.
Other winners : Jobo Baldie (Winter Thunder @4/1), Gweedore Celt (Integral @7/2), green T (Evacusafe Lady @7/2), Rockon/Che (Tinghir @13/8), Nye Beavans rebel soldier (Limato @6/5)
*No selection posted (wk 8) : 16 roads, 67Heaven, Elharto, timbhoy in spain, Zihuatanejo
*Non-Runners (wk8) : ABZMike (American Hope)
Cheers, fleagle1888
corkcelt
14:59 on 17 October, 2014
fleagle1888
15:03 on 17 October, 2014
CQN Saturday Naps Competition : WEEK 8 STANDINGS (4th Oct)
+£13.00 tommytwiststommyturns (1)
+£12.50 TheBarcaMole (2)
+£10.75 Eurochamps67 (4)
+£ 9.13 Che (4)
+£ 5.88 voguepunter (2)
+£ 4.20 Nye Beavans rebel soldier (2)
+£ 2.00 Hotel de Paris (1)
+£ 1.88 PFayr (3)
+£ 0.25 leftclicktic (2)
-£ 2.00 twists n turns (2)
-£ 2.00 Zihuatanejo (1)
-£ 2.50 Cathal (1)
-£ 3.00 21-5-79 (1)
-£ 3.00 Jobo Baldie (1)
-£ 3.50 BULL67 (1)
-£ 3.50 green T (1)
-£ 3.50 Gweedore Celt (1)
-£ 4.00 Burgas Hoops (1)
-£ 4.00 Elharto (1)
-£ 4.25 som mes que un club (1)
-£ 4.50 hashadenough (1)
-£ 4.75 Hutchybhoy (1)
-£ 5.13 fleagle1888 (1)
-£ 5.38 Rockon (1)
-£ 5.50 timbhoy in spain (1)
-£ 6.27 What is the Stars (1)
-£ 8.00 16 roads
-£ 8.00 67Heaven
-£ 8.00 ABZMike
-£ 8.00 Bada Bing
-£ 8.00 BMCUWP
-£ 8.00 Celticrollercoaster
-£ 8.00 Cosy Corner Bhoy
-£ 8.00 Raymac
Last week (Week 9) is still to be updated…
Cheers, fleagle1888
fleagle1888
15:11 on 17 October, 2014
Lads,
an early shout for your CQN Naps for Saturday 18th October to be posted on this article… previous results for Weeks 6-8 are already updated (see above).
I will hopefully get Week 9 results completed tomorrow morning…
Happy punting, fleagle1888
Corkcelt
How are you pal…just in from the golf…playing very well at the moment.
Anyway re the Donegal Hoop, he is not alone, I am going to reserve judgement on Ronny until December. By then we can see where we are in the league, the EL, and the cups. If things haven’t improved I suspect he won’t be given any money and he’ll be out the door.
Travelling to Dortmund next week with my bhoy to see them play on Saturday, despite their poor start in the league, all their games are sold out. Should be a great experience. Not sure who is more excited, me or my bhoy.
Kikinthenakas
eldiegobhoy
16:37 on 17 October, 2014
Yes indeed mate. The CQN table at Sean’s Trust night will be:
lennybhoy, johann murdoch, celticrollercoaster, jamesgang, eldiegobhoy, cowiebhoy, johnnybhoy, hutchbhoy, murdochauldandhay and doc.
Keep the Faith!
Hail Hail!