Celtic’s turnover slipped 21.1% last season to £51.08m (2014: £64.74m), almost wholly explained by the drop from Champions League to Europa League competition. Operating expenses dropped by a smaller amount to £53.27m; higher than income, but by a very manageable amount.
The club’s cash position at 30 June 2015 was a positive £4.72m, although this figure will stray into negative territory during the season. Net exceptional costs were down to £740k, considerably less than the £4.089m paid out a year earlier, when the management team moved on.
Profit on the sale of intangible assets (football players) was £6.773m, down considerably from the £17.052m from the previous season, and a bit of a surprise given the expected impact of Fraser Forster’s sale to Southampton. It’s possible that Newcastle United received a dividend from the Forster sale. Total loss for the year, after interest, disposals and acquisitions, was £3.947m.
“Investment in football personnel” was up slightly to £9.42m, the amortisation charge for the year was £7.313m.
It’s clear that Celtic can continue to operate at current levels but the impact of Champions League revenue on all aspects of the club remains stark.
On the club’s wider place in society, chief executive, Peter Lawwell, noted:
“Charity forms a fundamental aspect of the club that we aspire to create. Charity lies at the very heart of Celtic; it is part of our DNA.
“I am delighted to say that the Club and its supporters does more now than we ever have done for charitable purposes, most notably Celtic FC Foundation, which continues to grow from strength to strength and to inspire all those involved with it.
“The continued commitment of our supporters, shareholders and partners is crucial; I thank you for that commitment, which we will do all that we can to repay.”
Only four days to go for the hospitality auction to win an outstanding day for three people. Lunch and drinks at the Walfrid plus watching Celtic-Dundee from the directors’ box, courtesy of Intelligent Car Leasing. Check out the ebay auction here. All proceeds to towards the incredible work of the Celtic Foundation.
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Or the 3rd option both parties agreed it was time to move on? – See more at: http://www.celticquicknews.co.uk/celtic-income-down-21-after-drop-from-champions-league/comment-page-15/#comment-2675507
Surely not, that would be to obvious, PL must cooked up a dastardly deal no?
THELURKINTIM on 12TH SEPTEMBER 2015 10:43 AM
Dena29, long time no c…..u bring it on yerself…..;-)) As for Fenerbache tickets…..away end…..try BMCUWP? How r u?…..U coming over for the (insert) game? H.H. –
Cheers for that
yes , health permitting I’ll be there on 20th have been a bit poorly recently but on the mend and ready to cheer on the bhoys :-))
HH
auld bertie on 12th September 2015 10:44 am
Love it.
Positivity.
Celtic and Neil parted on amicable terms.
The club wanted more from the Lennoxtown development, with the promoting of young players.
Like the managers before him, Neil was unwilling/ unable to go down this route.
He, like MON, lived in the here and now, therefore their aims became incompatible.
No fall out, just, in another sphere, what would be described as, “musical differences”.
I just don’t understand how anyone can follow something that causes them so much angst and anger.
If you can get no joy from supporting Celtic, then it’s time you sought some other pathway to happiness.
,
Ah but remember Geordie, super salary gave notice of his resignation and intended to,work his notice. After a while he was so terrible they, sadly, put him on gardening leave.
Now NL could have gone down the same route. But he got another job anyway so that would have null and voided it, but in the end he didn’t work his notice and Celtic had no reason to,pay him unless he was on gardening leave. But if he was on gardening leave then why write it all down as exceptional,expenses.
Sorry dude only cionclusion is that the management team were sacked.
Tho their why did we pay the, off then? To,keep,NL silent?
auld bertie on 12th September 2015 10:44 am
Great post
HH
The huddle then why pay them off?
Auld Bertie
There’s only 1 team being beat @ Pittawdry…..and it ain’t us…..I like to think that all other shizen on the blog is an unconscious indication of how we feel about todays( u get that Neg2 ) game…..;-))
H.H.
“Ok jungle Jim then now you know they were paid off and that cannot be squared with them just leaving, what’s your opinion?”
This is beginning to sound a little like , ” Yes but what else did the Romans do for us? ” !
If you are asking me how I would feel about Celtic lying to the fans, my answer is that I would first of all wonder why. Overall, though, it would be true to say that my main interest in Celtic is to do with the football. Of course the policy of the Club affects that football but, in the main, I believe Celtic are a well run Club.If I thought they were a bunch of liars who were only after my money, I would be saddened that my team no longer had any appeal for me and I would not attend games anymore. It would also be the case that if I felt like that, I would not take any interest in Celtic Blogs. I certainly would not post on them!
That`s my final word on the matter for today.
JJ
HH CQN
here’s a lovely wee video of Barra FC Making History this season
https://www.youtube.com/watch?v=1rcx6Bxn454&app=desktop
mon the Barracelona!!!!
and mon the Hoops !!!
HH
DENA29
Just mailed you. If it doesn’t come through,mail me on
bmcuwp@gmail.com
“Sorry dude only cionclusion is that the management team were sacked.”
neg,
your only conclusion. YOUR ;)
Even just one point for the Champions against the dandy Dons will see us safely at the top of the league, after seven games.
Fascinating optimism in the media and from Aberdeen about their chances, of beating Celtic, where they have to miss out all of last season before they can find the McInnes masterplan. Ronny Deila holds the whip hand in this fixture, but with his Euro worries on the back burner, the talk is all about Celtic’s ‘back four ‘
It seems Jozo Simunovic will get his debut at Pittodrie? and hopefully he’ll fair better than Alan Stubbs did, back in the day. There’s another rumour Mikael Lustig is fit, so he might help use his experience to settle Boyata and Simunovic, and as the only senior left back at the club, we should see Izzaguire restored.
I’d imagine Brown Bitton and Johansen are likely to make it, but it’s the most difficult Celtic line up to try to predict for a very long time. Maybe James Forrest fresh from anonymity in the land of the giants game verse Germany, will likely be used again, to try and create something for Celtic.
The one thing certain about Ronny Deila’s starting eleven is that, it never finishes, and hopefully Nadir Ciftci might bag his opening goal in his first SP hell match, and at least get the internet off his back.
Who knows csc
TO THE OZ BHOYS
Have a great time in Cheers.It must be really good meeting up with people you have previously only communicated with on CQN.
Sounds like a really good time will be had.
Hail ! Hail !
JJ
Now to me it’s as plain as the nose on your face.
The Plc take us for mugs .
The Plc ain’t Celtic though.
It is our duty to be 100% behind the team.
If u can get to Celtic Park, you should .
God bless the hoops
BMCUW
Got your email thanks, and will reply shortly.
Morning bhoys.
Dave King of Africa….what an absolute headcase.
A bit like DD and PL.
Top Businessmen eh….fecking chancers more like.
Gravy train….all aboard.
Thems will be back cheating with the aid of their referee pals next season.
Could be a bumpy ride ahead for the PLC next season…..not that I will be watching the depraved bigots at Celtic Park….No thanks.
We should be light years ahead…but we are far from it.
Next season is when it will all unravel for DD and PL.
C,mon the Hoops….Sack the board.
HH
We have went backwards
It’s Fergus’s children who run Celtic…that’s why Celtic supporters will ‘always’ be on the, outside looking into ‘their’ club….ye couldny make it up.
Aye….the same Fergus who called you all – customers!
Btw…before all the Fergus-mob fire into me…didn’t Fergus say that the huns should be back in the top league ala DD?
Celtic supporters in sectarian / racist Scotland shoud realise that….yer on yer own…even those who take yer money from you, are rolling-over-kowtowing to the hun establishment….on your behalf.
It’s enough to make yer heart bleed.
I read it in the Evening Times
Aweeeee wellllll, that’s it then, must be true eh?
Neganon, Celtic have been using the one year rolling contract for some time. Pretty much a defacto for when one party decides to leave there is a definite timeframe . Sevco call it turnip planting. No idea if Neil Lennon left completely on his own terms or not , but Celtic honoured their terms and honoured a true a Celtic man in every way, fan, player, manager. NFL had gone full circle and is a supporter again. Hail hail nega .
Neganon2…..
Sometimes, contracts – particularly ‘rolling contracts’ – contain a pay off provision.
Many coaches have the right to full pay off if terminated. Where the contract is a rolling (one year) contract, you might find a provision for settlement even if the coach decides to leave.
This does the following:
It helps ensure that the coach isn’t put in a position of negotiating with another club for his next move, while still employed by his current club. This is in the interest of the club. It also allows the coach to resign and then look for another position – without having no income and running the risk of not finding another job for a while.
This may well have been the case with Neil Lennon and his staff.
I have not, of course, seen these contracts. However, when you actually stop and think an issue through, it is sometimes possible to envisage plausible explanations.
If however, you are consumed with hatred of Peter Lawwell, you can do what you do.
JUNGLE JIM HOT SMOKED on 12TH SEPTEMBER 2015 10:58 AM
TO THE OZ BHOYS
Have a great time in Cheers.It must be really good meeting up with people you have previously only communicated with on CQN.
Sounds like a really good time will be had.
Hail ! Hail !
==============================================================
Thanks for your good wishes.
yesterday i asked for some help in finding an old post of mine and thanks to the lurkintim and oor swindon pal i got it (no offence p67 but i never saw your kind offer)
the reason for this request was my youngest christian was in hospital (severe lower back pain….at 22 ffs) he is named after my old dad whos anniversary it was yesterday and i wanted him to see the eulogy , i travelled up on the 201 bus to hairmyers yesterday to see the bhoy and behind me were to auld gibberers talking all the kak of the day. ‘oh look theres a wasp’ one says ‘i’ll get it’ the other retorts ‘dont, dont ye’ll make it angry’ she says in a raised voice, to which her pal retorts ‘How kin ah make it angry when its deed?’….there must have been a few tims on that bus, cos not only i chuckled…….anyways heres the post that we chris is to be shown later…. good morning fellow cqners it is now one minute to six and you will see by the posts time setting how long it has taken for me to type this….it is the first and only testimonial tae ma wee da,and I am pretty sure you will have gathered im onto my second bottle wee CB was born into the family in 1921 his dad was irish and his mum Scottish Charlie and Isabella, wee CB grew up in the rough and tumble of the gorbals in the days of johnny stark and the immortal ,no mean city…he never told me of his childhood except to say it was hard. He found it difficult to get work at the age of fourteen,mainly because of his name, Corrigan was so obviously irish and catholic.His diminutive height didn’t help either 5′ 0″ he had a few jobs, milkboy bread delivery but nothing of any manly status until he became an optical technician in 1938 (he made up the lenses for glasses)….this all came to a halt in 1939 when he was called up to the RAF. He failed the medical (flat feet) and so was confined to serve out the war as a cook,in leuchars fife. After the war in which he met and married my mother(1942) he went back to his making glasses job.Mother worked in the Remington rhand factory,hillington(making more money than him,i quote) in his wisdom he decided to go to night school to train to become an ophthalmic optician, no less in 1953 he qualified and started his new career as an optician again bigotry rose it ugly head cowdenbeath was where he got his first start(I know )but the wee man was even forced out of that,next stop wales, aye Cardiff that’s what he/they had to endure he eventually made it back up to Glasgow and applied for a council house in the newly built estates and circa 1957 mr &mrs got offered a house in the new scheme of easterhouse in the east end of Glasgow mrs c couldn’t have kids so they applied to adopt and a few months later they were awarded (not my wording) a baby daughter .three years later a similar award was made in the shape of yours truly and so the family was complete we attended blessed john Ogilvie primary and st benedicts school for mass (the church wasn’t built yet) wee Charlie stayed true to his catholic and socialist beliefs and became a member of the parish council, distributing we blue envelopes for the building fund st benedicts opened circa 1965/6. I in my wisdom decided on every other Saturday(cos that’s when football was played) to cycle to parkhead (being an optician dad worked on a Saturday) I parked up on the seventh floor (jinky) of the London road flats and got a lift over the turnstiles dad eventually got me into the john Ogilvie csc (jimmy Maxwell convenor) at the same time as Frankie Vaughan moved in to help easterhouse we moved out to the south side and thus my days of seeing the bhoys were limited to midweek evening games with dad taking me then in 1979 we moved to banknock Stirlingshire big sis had flown the coop so it was me and my parents I was 17 and they were in there late fifties as far as I was concerned life was great.i got a motorbike and the world was my oyster 13 may 1981 (google it) crashed bike resulting in 5 brain operations when asked about turning the ventilator off wee Charlie steadfastly said no regardless of how poor a quality of life his son will have his argument ,even to fr senus -bader (the priest that gave me extreme-unction) life is life so thanks to that wee wonderful man I am still here he then went on to become the best grandfather ever too my youngest son Christian (20)has one tattoo gran and grandpa ….he was 3 when my dad died. the best person that I have ever known it has taken me nearl 90 minutes and a few haufs to write this but wee Charlie who had cannon mcginn (st benedicts first pp later of st marys larkhall) fr clarke (st luke first pp in banknock) and the current incumbent of that position at the time (I don’t know his name cos I wasn’t a parishioner) conducted his funeral wee Charlie was buried in st peters London rd and we all as a family went to the jock stein suit for the purvey. Four years later we did the same for my mum 2000 wonderful people and as my fathers day ends I hope and pray that , wee Charlie I’ve done you proud…….x
tonydonnelly67
________________
Hail Hail fella.
Yeah…I read the quote from Naka in the Evening Times….ah mean, I was hardly going to read it in the Celtic View was I?
So what time is Big Jozo due his welcome to Scotland booking at?
Oh and I hope someone tells him when he scores the winner to keep away from all the Bhoys in the corner going mental :-)
Breaking………………….. Jozo Simunovic will not play at Pittodrie, and Blackettt plays at left back.
SeeWhatIMean csc
Worth every penny but what did/has the Celtic Way cost?
Kevj
so you’ll admit that ultimately it was Bobo’s decision?…..& why not…..as for NL’s departure…..yes it left a big hole @ the club…..but I think that the increased personal attacks on him & his family was a massive factor & the boards lack of lack of vision pushed him out….his fault no…..boards fault?…..mibbe the proverbial straw…..;-))
H.H.
KEVJUNGLE on 12TH SEPTEMBER 2015 11:07 AM
tonydonnelly67
________________
Hail Hail fella.
Yeah…I read the quote from Naka in the Evening Times….ah mean, I was hardly going to read it in the Celtic View was I?
– See more at: http://www.celticquicknews.co.uk/celtic-income-down-21-after-drop-from-champions-league/comment-page-15/#comment-2675532
Was there a free Dandy in the middle of it, with BFDJ jokes in it? H H :)
Sydney/ Macjay I am in Sydney 10-15 Feb for our silver wedding anniversary. Quite likely be around darling harbour area on the Saturday and Sunday. Would love to catch up for game but would need to be subtle as Mrs T fully deserves a romantic anniversary weekend . We met in Sydney a while back so will have a few days in Coogee then head into the city. If there is a game on that weekend in Cheers maybe could wangle something ??
Yesterday there was a clear distinction made between the club and the company,
Me, I’m a club mhan, I know there might be problems for our company men the separate the two even after the company have done all the hard work for them but I will say it again, I support the club and the team.
I have no allegiance to any company unless they pay my wages.
We have an incredible,e amount of midfield options available to us today. The game will be won and lost in that area, I hope we go with a compact shape.
Having said that, I think we will get beat today. Aberdeen will be mad for it, and are a good team. They played their midweek friendly in the way they will go at us, if the local press is correct.
They got 15 corners against Viking on Tuesday and the talk in the toon is how weak Celtic are defending corners and how they will target this .
Should be a great game. One of the rare times I am sad to have cancelled sky. radio Scotland for me.
50 shades,
Someone mentioned on here through the week that Jozo was booked in the first minute for Croatia.
He’ll last longer than that Shirley?:))
Please no CM,EA,EI or JF in the starting 11 today.
Taurangabhoy on 12th September 2015 11:11 am
A wee reminder closer to the time.
Cheers,pal.
charliebhoy on 12th September 2015 11:05 am :-))
Now make sure you save it , it certainly is worth saving
HH
charliebhoy
____________
Total respect.
YNWA