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Celtic hit £101m turnover

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Celtic reported turnover of £101.6m for the year to 30 June 2018, the first time the club broke through the £100m barrier.  Just as income rose from £90.6m the previous year, costs rose to £87.1m (2017; £76.3m).

The club was profitable to the tune of £17.3m, buoyed by gain on the sale of player registrations of £16.5m.  Without Champions League football, this season’s results will be significantly different, but net cash (after debt and similar were deducted) was £27.0m, so we can continue to operate without the need to cut costs.

The most striking aspect of these figures is that, with the current wage structure, we are roughly breakeven with Champions League income (before player trading).

We are in the middle of first team contract renewals, which will push wages higher still.  We are increasing our cost structure despite the lack of Champions League football, but this is necessary.  There are risks (transfer market crash), but these are no more relevant to Celtic than anyone else.

We are never going to guarantee Champions League money every season (no matter how easy your pal tells you it is), so buying wisely and selling before players exhaust their contracts or lose form is critical to the operation.  Therein lies the challenge – which is also easy, just ask the same pal.

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  1. Jist wan more and I’m aff.

     

     

    Catch the ball

     

     

    It rose like an osprey on a thermal trying to get a bird’s eye view of the whole planet. Higher and higher; from the watcher on earth it was no longer a ball, no longer a coin, now a dot….a smaller dot…sitting on the cusp of invisibility…and then a dot again…..a coin once more as its speed and trajectory both changed.

     

     

    The street was empty of all distractions, just me and Donald Lynch and the challenge…. The street challenge!

     

     

    Who was the best, who was the quickest, who could keep the ball up for the most, who could run down the bing and stop before they ended up in the pond, and who could catch the highest flung ball better than anyone else?

     

     

    Street titles were the sort of qualifying rounds of the Scottish cup. This was competitiveness, pride, status, ego and possibly a winch wae Helen Rafferty all rolled into one and put on the line. This was the OK Coral, the rumble in the jungle, Rorke‘s Drift, The Alamo, this was us against them, me against him, a Tim versus a hun!

     

     

    Yes I know that Lynch doesn’t sound like member of the vast vomit of hundom and in fact he wasn’t; but he was my challenger as I was his, and the face-off was for the vacant title …….and in that cold furnace of street honour….. the fact that he was a Tim as well was pushed into the recesses of mind and he became blacker than the black soul of the black night riding a black steed in a blackout. Only ‘hun’ seemed appropriate.

     

     

    This was big time. Three all in the previous competitions, me with the running, keepy up and the long-jump, him with the hiding longest in the pond, holding fag smoke down for the longest without being sick or self-asphyxiating, and acquiring ‘hot’ goods frae Woolworths.

     

     

    This was the decider of deciders, no first and second, no winner and runner up, just ‘The Man and the nonentity (not even capitalised)’.

     

     

    First to eleven with both having thrown an equal number of balls. No honour saving weasely draws to oil both egos.

     

     

    1-1, 2-2 ………….at 10-10 he drops my chuck and then it’s me. His toss, equal to me, I’ll never get a better chance, catching it – never even considered the question.

     

     

    The ball started accelerating and infinitesimally increasing in diameter with each passing moment.

     

     

    I judged the flight path and belted for a reasonable estimation of where the ball would come down. But woe is the man who casts aspersions on his friend (albeit opponent as well). The hundom I had bestowed on him seemed to have influenced his behaviour. I could see by his movement that he not only probably reckoned I might catch it, but here was an opportunity to seriously take me out and grab the podium place in the roll of honour for ever more. (now I had only thought about him as a hun and look what that had done, imagine a born and bred one. It makes you shudder.

     

     

    My lumbering inadequate opponent broke into a thunderous lope heading to cause serious damage. And then I remembered another rule. If I fumbled and he caught the falling ball, he would have won. I put it out my mind.

     

     

    The coin grew larger and larger as both me and the favourite for the ugliest son of hades fine-tuned our position, stance, concentration and intentions. Mine? Catch the ball. His? Cripple me.

     

     

    The ball fell magnetically attracted to my outstretched arms at the top of the spring to gain a height advantage. The ball was so close, the victory salute rising from my lungs, into my throat, the advance micro-waves of the air vibration tickling my finger tips.

     

     

    “Hail hai…..”

     

     

    His octopus grasping fingers caught my trailing bottle green jersey and as the ball landed in the heel of my outstretched right hand, I tumbled left hand now reaching for the road, and with a jar as I lay on the ground my battered frame bleeding and paining from widespread trauma, my right hand still in the air like a dying soldier keeping his troops colours aloft, the ball slipped from my grasp…………

     

     

    Lynch (he wasn’t even deserving mow of a Christian name) saw it; he reached and I could do nothing to prevent him reaching that ball first and winning the fight of fights.

     

     

    Well nothing that was except a particularly painful knee in the solar plexus. So as his he smiled in premature triumph, the nervous system that sent the shooting pain as my knee and his stones connected brought a cross eyed slabbering look to his face, a whimper of pain being overcome by falsetto fainting, and the ball?…..Ah yes the ball….it dropped as I lay prone on the ground like a dolly into my left hand.

     

     

    CHAMPIONEE!!

     

     

    Definitely goodnight and hail hail

     

     

    Matt

  2. Good morning CQN from a dark, mild but dry Garngad

     

     

    Matt a great read was your last post there. We can all resonate with that.

     

    I don’t know if there is another meaning to that story other than just a tale of adolescent tomfoolery. But it brings back memories.

     

     

    HH

     

     

    D. :)

  3. Matt I take that back.

     

     

    Just read back and all your posts were fantastic last night as well.

     

    You truelly are talented.

     

     

    Thanks for those posts/memories.

     

     

    D. :)

  4. T ar la I echo that.

     

     

    All hail the King of Kings. Happy birthday Henrik.?

     

     

    Thanks for the entertainment , hard work and memories.

     

     

    Hail Hail

     

     

    D. :)

  5. Good morning CQN from a dark, mild but dry Garngad

     

     

    Matt a great read was your last post there. We can all resonate with that.

     

    I don’t know if there is another meaning to that story other than just a tale of adolescent tomfoolery. But it brings back memories.

     

     

    HH

     

     

    D. :)

  6. DD good morning Garry Bhoy

     

     

    Henri Africa’s ?? Nah ultratech for us ??

     

     

    Tinsell town in the rain was brilliant

     

     

    Bring on the Bergies

     

     

    D. :)

  7. Matt I take that back.

     

     

    Just read back and all your posts were fantastic last night as well.

     

    You truelly are talented.

     

     

    Thanks for those posts/memories.

     

     

    D. :)

  8. T ar la I echo that.

     

     

    All hail the King of Kings. Happy birthday Henrik.?

     

     

    Thanks for the entertainment , hard work and memories.

     

     

    Hail Hail

     

     

    D. :)

  9. celticrollercoaster on

    morning bhoys from a cloudy but mild Cheshire, hoping for a decent performance tonight,.hoopy birthday to Henrik.hh.

  10. Not really sure who is fit but here goes:

     

    Gordon

     

    Hendry Benkovic Boyata Tierney

     

    Brown,Ntcham,

     

    Forrest, Rogic, McGregor.

     

    Edouard.

     

     

    Or maybe two up front; Rogic out and Griffiths in ?

     

     

    JJ

  11. Happy Birthday Henrik!

     

     

    With apologies to all true poets, I have a bit of doggerel:-

     

     

    It’s hard to be humble if you’re Henrik

     

    You just cannot be coy if you’re that boy

     

    Hide your light under a bushel

     

    If you play like Thomas Buffel

     

    But you’ve earned a bit conceit

     

    With the magic from your feet

     

     

    When you wear a 4 leafed clover

     

    And revered the whole world over

     

    You can’t be hesitant or mild

     

    Or shy as a meek child

     

    Let Your presence be ethereal

     

    Majestic, and Imperial

     

     

    Being quiet and polite

     

    Is OK for Rafael Scheidt

     

    But when all Kings declare you King

     

    You’re allowed to sport some bling

     

    Treat the blues shirts as inferiors

     

    As you hand them their posteriors

     

     

    Wearing hoops around your socks

     

    Makes you strut like Northern cocks

     

    And add to that, dreadlocks

     

    And a Stadium that Rocks

     

    You’ll put a stop to all this Bollocks

     

    Outshine Castor and be Pollux

  12. Good morning, friends. Another chance to kick start our season tonight and I, for one, can’t wait.

  13. DD good morning Garry Bhoy

     

     

    Henri Africa’s ?? Nah ultratech for us ??

     

     

    Tinsell town in the rain was brilliant

     

     

    Bring on the Bergies

     

     

    D. :)

  14. JJ

     

     

    It’s not my long suit, for sure.

     

     

    I have more short suits than a Munchkin’s wardrobe.

  15. morning bhoys from a cloudy but mild Cheshire, hoping for a decent performance tonight,.hoopy birthday to Henrik.hh.

  16. Call of Juarez

     

     

    Not till 10 o’clock tonight, it isn’t.

     

     

    This is not the League Cup. European credibility is important to our fans and club. We cannot afford to write Europe off (CL final stages excepted) like EPL club fans do because the League gives us such rich financial rewards.

  17. Not really sure who is fit but here goes:

     

    Gordon

     

    Hendry Benkovic Boyata Tierney

     

    Brown,Ntcham,

     

    Forrest, Rogic, McGregor.

     

    Edouard.

     

     

    Or maybe two up front; Rogic out and Griffiths in ?

     

     

    JJ

  18. Happy Birthday Henrik!

     

     

    With apologies to all true poets, I have a bit of doggerel:-

     

     

    It’s hard to be humble if you’re Henrik

     

    You just cannot be coy if you’re that boy

     

    Hide your light under a bushel

     

    If you play like Thomas Buffel

     

    But you’ve earned a bit conceit

     

    With the magic from your feet

     

     

    When you wear a 4 leafed clover

     

    And revered the whole world over

     

    You can’t be hesitant or mild

     

    Or shy as a meek child

     

    Let Your presence be ethereal

     

    Majestic, and Imperial

     

     

    Being quiet and polite

     

    Is OK for Rafael Scheidt

     

    But when all Kings declare you King

     

    You’re allowed to sport some bling

     

    Treat the blues shirts as inferiors

     

    As you hand them their posteriors

     

     

    Wearing hoops around your socks

     

    Makes you strut like Northern cocks

     

    And add to that, dreadlocks

     

    And a Stadium that Rocks

     

    You’ll put a stop to all this Bollocks

     

    Outshine Castor and be Pollux

  19. Just reading back from yesterday.Really enjoyable reading all the financial geniuses on here.Could not run a Menage,never mind anything else.Regularly we laugh at the wee Hun accountant,some should listen to themselves.

     

    Also read a few strange posts.”Neganon,I dont always agree with what you say,but”.His posts are always the same,so how can you only agree with them “Sometimes”.A few full of hope and optimism”We will never qualify for the CL again”.

     

    Probably the strangest thing,is the fact so many seemed angry that the clubs turnover exceded £ 100 million.Some happily sneering”Ha,it wont be that next year”.

     

    In my posts I always try to put a balanced side to things.Refuse to jump on bandwagons to be popular.If PL screws up,which he has,as we all do,say so.If Brendan does likewise,say so.What I really find grotesque,apart from Huns,is that when we win Double Trebles,qualify for CL twice in a row,now Europa League,not bad ,in 3 seasons,its down to everyone,apart from PL.When we fail to qualify for CL,its only PLs fault.When we sign duds,as we have,its not Brendans fault..When we fail to sign someone who does not want to come,its PLs fault.Just my observations.Anyway,once again the second love of my life are playing tonight.That makes me happy.Thats enough for me.

  20. 67 HEAVEN,

     

     

    He has gone well beyond that point some time ago.I like someones post,

     

    “I would love to share a pint with you sometime”.Self immolation would be more preferable,I think.