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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For all the experts on here who can do a better job than lawwell or who think Celtic pay him to much money, stick a C.V. Into the club and make sure you put your required salary on it and see if you get the gig.
With all the downsizing going on your in with a shout HH good luck
The large breast list on here is growing by the day. Kevj nye bevan. Geordie munroe
Open question
When sitting amongst 62,000 at CP, from years 2001 onwards, did you ever think that that level of attendance would last forever?
bobby murdoch’s curled-up winklepickers
18:39 on 17 October, 2014
Haven’t read back mate. I know somebody that will not be happy it being on 14th February, in fact a lot will not be happy it being Valentine’s Day…:)
Keep the Faith!
Hail Hail!
Saint Stivs
Soccernomics makes the point about how small even the biggest football club is compared to businesses in other industries but is treated as if it is top level stuff.
What causes high wages in football is wage inflation from paying top players top money but that raising the overall wage level and creepage where those around players benefit by association.
Not much can be done about that unless supporters strike for lower player wages but what can be done is to introduce a discount factor into KPIs for CEO bonus if certain football targets are not met.
As regards the current payments they reflect football results last year so some adjustment should come next year but I would appoint a KPI Consultant to advise on CEO wage level and KPIs that meet all the objectives of a business.
Stringer Bell
No chance, asked one and all where they had all come from?And where they had all been before.
lilys
St Stivs,
The basic pay of CEO …in UK of Wood Gp may well be similar to PL’s , but I suspect his bonuses will put his salary at c £2.5m, and there are probably 3 or 4 other directors on £2m +.
I am not disputing PL is overpaid, but, equally you won’t get quality at 1/5 of the price.
My own view is that PL is a good, but not great CEO.
He does a decent job on the finances, but has Imho failed in a number of big strategic areas, namely increasing TV revenue, getting us into a better league , youth development and he has presided over a long term decline in attendances, which I suspect will get worse.
lennybhoy…supporting the dam 5 and cfc until i die
19:13 on 17 October, 2014
bobby murdoch’s curled-up winklepickers
18:39 on 17 October, 2014
Haven’t read back mate. I know somebody that will not be happy it being on 14th February, in fact a lot will not be happy it being Valentine’s Day…:)
Keep the Faith!
____________
You olde romantic ye :))
And while Im here, I think the witch hunt towards Peter Lawell is going end badly, be careful what you wish for
lilys
Auldheid
Thanks for taking the trouble to repeat your thoughts on improving refereeing standards, and making both them and their bosses more accountable for their performances.
Hail Hail.
Stringer bell. I always thought that sort of attendance was amazing, especially for games against dunfermline, Kilmarnock etc. It couldn’t last. The economic downturn, the constant downgrading of the playing squad and of course the recent lack of opposition caused by the demise of der hun have all contributed to falling crowds
lilys grandpa
19:18 on
17 October, 2014
And while Im here, I think the witch hunt towards Peter Lawell is going end badly, be careful what you wish for
lilys
—————————————–
aye right.
we could try PL in the dug oot, and ronnie in the big swivel chair.
LENNYBHOY
What? The ungrateful wretch,yer whipping her away for a romantic weekend!
The thought occurred to me,a good bit later though.
And,erm,one poster at least-not me,I hasten to add-has already booked his and her flights…
Setting Free the Bears
I have a book for you to read and review. Hope you have the time. I think you might enjoy this one…
does Wullie own the deeds ?
————————————————-
The 2010 edition of the Sunday Times Rich List estimated Sir Willie’s fortune at £150 million.[citation needed] In addition to this Willie also owns the deeds for Celtic park
Haughey was awarded an OBE in 2003[18] and was knighted in the 2012 Birthday Honours for services to business and philanthropy.[19][20] On 1 August 2013, it was announced he was going to be a Labour peer in the House of Lords. On 18 September 2013 he was created a life peer taking the title Baron Haughey, of Hutchesontown in the City of Glasgow.[21]
“i cant find a company outside of football on a £60m revenue that pays CEO £500K.”
Saint stivs,
So what you are saying is our CEO receives the going rate for a football chief exec?
What is the Stars,
Celtic park just prior to getting refurbished had a capacity of 65,000. Average crowd at the time was 20-25,000, and more often than not a lot less, so where did everyone come from,all of a sudden?
lilys
Well,now off to watch the Hamiltonv Dons game.Should be a cracker as many on here think one of these teams can win the league.
AYE RIGHT.
lilys grandpa
19:16 on 17 October, 2014
Stringer Bell
No chance, asked one and all where they had all come from?And where they had all been before.
________
Think you answered your own question there, we had a team worth watching, getting entertained.
I realise we can’t compete transfer and wages wise with the elite but surely we deserve more than what seems acceptable from our board.
The support feels let down now, especially with a reincarnation on our doorstep and us going back the way to meet them.
Like yourself, I had the old fold up season book that gave you free admission to the reserve games, so I do respect where you are coming from.HH
stringer bell
19:06 on 17 October, 2014
In a word, no.
We could not continue to pay the money we did for Players and the wages we paid at that time. Added to the fact about the predicted demise of deadco would ultimately have an impact on attendances.
Fans wanted and want a Team with Players that are of a quality that is befitting of our Club. Fans also want competition and above all to be winning trophies.
I am a Fan that wants to see quality players signed and to be winning trophies. Playing with passion and a swagger that kills teams. However, I am one of those that kevjungle refers to that until I wake up and realise the Board do not realise the same ambition. What I mean is I will continue as long as I am financially unable to do so.
Why, because all I want to do is go along and support my team, partly because of the Country where I live. Most of all because I love the Celtic.
There are many reasons why we cannot attract the Players we need: no investment by likes of Sky (arguably the biggest reason), Players opting to play for mediocre Teams because they pay big bucks, lack of competition, lack of investment by the Board. The Board cannot invest if the Fans stay away. All a vicious circle and until solutions are found, the crowds will continue to fall in my opinion.
I hope and pray solutions are found with the exception of one to aid required for sevco.
I day say in a word, no…:)
Keep the Faith!
Hail Hail!
Coneybhoy,
I’d bite yer hand off for a 3-0 win tomorrow.
History shows we don’t win so convincing up there all that often though.
Just over 15 minutes to kick off in tonight’s Big Game.
Hamilton, with 20 points from 9 games are looking to extend their lead at the top to 4 points. And to move 9 (NINE) points ahead of Celtic albeit they’d have then played 2 games more.
A win for Aberdeen would let them jump from 5th to 3rd (if they win by 1) or 2nd (if they win by 2), a point behind Hamilton and level with Dundee United, who could then claim top spot tomorrow.
Just for the thrill of being right, Jobo’s 5 X 20p singles tonight are –
3 or more goals in the game (evens)
Hamilton to win (2/1)
Hamilton to win with 3 or more goals in the game (7/2)
Hamilton to win with Aberdeen to also score (9/2)
Marc Antoine Courier for 1st goal (13/2)
For the avoidance of doubt I think Hamilton will score first, score at least once more and win the game ;-)
Geordie Munro
19:29 on
17 October, 2014
“i cant find a company outside of football on a £60m revenue that pays CEO £500K.”
Saint stivs,
So what you are saying is our CEO receives the going rate for a football chief exec?
—————
naw,
Paul67 et al
If we were to judge the performance strictly on Celtic turnnover, then £50 million would be classed as failure given that this level was surpassed by both Martin O’Neil and Gordon Strachan years ago. £50 million is the equivalent of 50,000 supporters spending, contributing £1000 pa to the cause. That figure should be relatively easy to achieve for a club like Celtic even taking into account the economic impact on the support from the crash of 2007-8. The Corporate approach to football is not working for us. All very well being the at the top of the European financial wellbeing league, but even there, you have to ask, where were Hamilton Academical?
Looking forward to Dingwall tomorrow. Friendliest away ground bar, none in my opinion.
Fancy 3.1 Celtic. Have just been to bookies and put a fiver each on Virgil at 16/1 and Jason at 20/1. Hoping history repeats itself as Virgil managed first goal up there last year.
Got tweeted a link to a old game at paradise against Aberdeen from 1972. Commentatre said crowd is just over 42000. Maybe that’s or limit for domestic games. Will rise for the big games.
sipsini
19:18 on 17 October, 2014
Haha…:)
bobby murdoch’s curled-up winklepickers
19:24 on 17 October, 2014
Your joking, a couples weekend, God forbid…good job shed isnae lurk…:) and if leftclicktic reads this don’t dare tell her…:)
Pray tell who is the Poster that has booked his and her’s flight?
Keep the Faith!
Hail Hail!
good job shed isnae lurk… = good job she disnae lurk
Keep the Faith!
Hail Hail!
Sipsini,
You at least know what I mean,from the mid 70’s all the way through crowd were dwindling
lilys
Bada bing
That would be worth a go
Can’t be worse than what’s being offered up at the moment
bournesouprecipe @ 16:22
“Sevco are playing pre evolution soccer.”
PMSL
BringBackTheHumourCSC
We have been screaming out for a striker.We get one in.About 1% of posters want to play him ?????????
If pl is getting a bonus of 420 grand what in the name of moravcik is the 500 grand for?
Lennons passion,
You’re not wrong. I think it’s been noted on here before that back in 67 the average crowd was around 30k.
The one thing that bugs me about crowd talk is when guys compare current crowds with the record high years.
sally called off the cowdenbeath game to be fair to the opposition
A wee question for the tech bhoys.
Why are some domain names much more expensive than others ?
.com
.co.uk
are the most popular I have seen, and are not available for what I am looking for.
.scot
.london
.tv
seem to be 5-6 times the price of say
.net
Can anyone tell me why ?
HH
turkeybhoy:
We got two Strikers in but yet to play them together. One we bought and one on loan. Plenty are screaming out for two Strikers to be played. In my opinion we should give those two Strikers a chance to build up a partnership with the service they require. Guidetti has already proved himself in my book. Not so convinced with Scepovic but until he has a run of games with a partner I will give him the benefit of the doubt.
Keep the Faith!
Hail Hail!
“sally called off the cowdenbeath game to be fair to the opposition”
Saint stivs,
Crazy eh?
Cos Moshni, shields and macleod were away.
One was suspended and one rarely starts.