Celtic’s revenue for the interim six months to 31 December 2013 fell 11% to £44.8m (2012: £50.1m), while operational expenses also fell, by 7%, to £34.3m. The club had £5.7m cash in the bank, £5.6m more than a year earlier.
A few factors behind the figures:
We played fewer home games, 16 as opposed to 19 the previous season, and although you may pay your season ticket up front, the club only recognises the income when games are played (cash at bank is recognised as soon as your payment lands).
Profit was up to an incredible £21.3m, from £14.9m), largely as a consequence of the sale of Victor Wanyama, Gary Hooper and Kelvin Wilson last summer. Without wanting to go into the who ‘A word’ (it’s not 2004), money coming in from player sales goes straight to profit whereas money going out on player purchases hits profit gradually over the period of the player’s contract.
Investment in players was almost identical to the previous year, £5.0m from a 2012 figure of £4.7m.
Financially these are great figures but there are potential weaknesses lurking. The club are absolutely dependent on reaching the Champions League group stages more seasons than not. This brings significant revenue – and supports whatever player valuations the club will be able to achieve should they sell. It also acts as the most effective tool to attract talent to Scottish football.
Finishing fourth in the Champions League, not second, is the most significant factor in the interim drop, but it will have a more significant impact on the second part of the season, which will be without a knock out stage round.
Celtic are still repointing the club away from the arms face they fought with a lemming club but they have delivered the key on-field objectives, which in itself takes care of the finances.
If you would like to read the new CQN Magazine, GO HERE to read properly, and for FREE, the graphic below is just a taster.
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3-5 working days to cedit your account, when you do get a win and try to make a withdrawal.
More lies.
Why?
They can, if they choose to, credit back to your card in a matter of seconds.
Nobody wants to question them, because they have lined the pockets of the greedy, self-serving politicians, that’s why.
Barney Curley was right about them.
Bobby M – Correct, however that only rings true when betting in their shops.
You bet on the virtuals, online…every Mickey Mouse race result is different, they are unique to each individual account.
Try asking them for the online results mate.
Their isn’t any, because every individual race, on each account is different.
16 ROADS
That I did not know,and is shocking,tbh.
I never bet virtuals,and rarely place any form of bet on-line. I’ve long been aware of sites tailoring their services.
That’s why when I’m booking an overnight stop missed train,I’ll use different computers. Got loadsa them at work.
Oops,
Overnight stop OR missed train.
Bobby M, yer a legend mo chara…and ye don’t need me to tell ye that sure!!
I’m only after getting a nice wee bet up there too fs!
Still detest them layers though, till the day I die.
Laters. :)
16 ROADS
Good on ya,buddy. Make them squeal!
Big day of racing at Leopardstown tomorrow. I’m looking forward to seeing some of the entrants on Gold Cup Day.
I’ll need to give you a call shortly. Muddling over some plans for May.
Never a bother chief.
I like the O’brien horse in the first race.
Champagne Fever is a non-runner on Sunday.
Lycreen Legend for Dessie Hughes in Hennessy.
The Tullow Tank as well.
So easy it seems to be, if only!
Please God no more rain.
Mind yerself well mo chara.
Slan.
Can nobody rid us of this damned dictator?
http://www.bbc.com/sport/0/football/26086940
Another construction worker killed in World Cup stadium in Brazil.
kitalba
01:44 on
8 February, 2014
macjay
What you jested in your post about me was not my point, my point was the last five lines you wrote at 00.25.
Often on here people cast aspersions by innuendos proxy, I read the end of that post as such.
Glad to hear that,Kit.
I try to be as clear as possible about my attitudes and opinions.
Sometimes I`m not successful.
To be clear.
I don`t like the Celtic trust,and by extension,their office holders,because I think they are harmful to Celtic and to our interests.
Nothing,absolutely nothing ,to do with personality or gender.
macjay:
Like TBB posted earlier, take two people, any two people, chose them at random with the only caveat being they must be Celtic Supporters, then ask them who was their favourite player of all time? Ask them which player they though sold the Celtic jersey? Ask them who, the KOK’s aside was the best value for money buy Celtic ever made?
Ask them to name their best ever Celtic eleven? What is the chances of 100% consensus.
Then pick just two more at random, ask all four of them more difficult questions. To date, all things considered, who was the most successful manager, O’Neill, Strachan or Lennon? Do you think Celtic were right to do what they did to the Green Brigade? Do you think Celtic should have attended the summit post the shame game? Do you think Celtic created a Frankenstein rod for their own backs with the creation of Focus? Would you attend the next (sic) auld firm game?
Then pick four more and ask all of them personal questions…
Are you an Irish Republican supporter? Which political party did you vote for the last time you voted? Which journalist do you think harms Celtic the most? Do you think Peter Lawwell and his generous bonuses are justified? etc. etc.
You are not ever going to get consensus, ever.
There is but one (okay two KOK? aside) question you could ask all of them and I’ll guarantee you, you’ll get the same answer from them all, even if you added another 60,000 to the equation.
“Do you, without equivocation or agenda, want the best for Celtic?”
Every single one of them, including me, you, and Jeanette Findlay too, would all answer the same. After that our paths will vary but our destination remains the same.
Nobody speaks for the Support as a whole, nobody… and therein is no solution at all, it’s just another part of our problems.
Somebody once said when a brave man stands up to fight then others will stand too. I’d add to that, when a brave man stands up to fight he’ll find fierce enemies amongst his friends.
macjay1 for Neil Lennon @ 01:41
But FFS, you seem to imply that the Celtic board should answer to no one then?
Not the supporters, and not the shareholders.
Why would you or anyone else, (such as TonyDonnelly and 67Heaven muppets) feel that our club should be entrusted to un-answerable suits, probably university-educated from a more priveleged position than most of us, with money as their prime source of motivation?
macjay1,
//// and I hasten and hate to add, was such an attitude not the reason why hunnery’s first club fell, and why it’s zombie manifestation is likely to fall as well??
FFM:
Are you UK based or Eastern Europe?
kitalba
06:29 on
8 February, 2014
Love is unconditional.
It doesn`t seek to impose or change to it`s own agenda. IMHO
The C.T.seek to impose conditions.
Their conditions.With no concern for the opinions of those who may disagree.
Can you tell me what benefits to Celtic, the Celtic trust have provided?
What good have they done for Celtic football Club in the years of their existence?
Sometimes your friend must disagree with you.
Honesty is in both your interests.
Celtic 9 – 0 Aberdeen
Kitalba,
I’m in Airdrie <:O
It's shite, but could be worse. :)
FFM – I’m the only conspiracy theorist in the village)
06:35 on
8 February, 2014
macjay1 for Neil Lennon @ 01:41
But FFS, you seem to imply that the Celtic board should answer to no one then?
Not the supporters, and not the shareholders.
Why would you or anyone else, (such as TonyDonnelly and 67Heaven muppets) feel that our club should be entrusted to un-answerable suits, probably university-educated from a more priveleged position than most of us, with money as their prime source of motivation?
Why should the Board be answerable to a “left wing “political wedge any more than they should be answerable to a “right wing” one.
As a fair minded person , would you make the same argument if the Celtic trust were a Tory wedge.
If not,why not? You believe in the principle of political lobby groups.
In any case,who,just who do the Celtic trust represent? And how many?
macjay:
What benefits to Celtic have the trust provided?
Well they bought shares, they bought season tickets, they bought merchandise, and most of all they supported charities in the name of Celtic.
They are a group of Celtic Supporters, a large group of Celtic Supporters drawn from a very broad church and a big round globe who hearts desire is to see Celtic get better and for a wee windfall spin off to charity too.
The Celtic Trust provide a service and a forum to Celtic Supporters who can afford, and who are of a mind to, to invest in the club. Some supporters are more affluent than others but chose not to invest in the club. Those who populate the Celtic Trust did chose to invest and would like to be heard. Without Supporters the club is nothing. The board would not have a table to sit and twiddle. The board do not make the club, the Supporters do unless your name is Chelsea or Man City or Real Madrid or the like and out board are certainly not sired in the same stable. Think about that MJ, without the supporters there is no club.
Macjay:
For an eagle to be an eagle… it needs a left wing, and a right wing.
I borrowed that from Ben Carson.
FFM:
I had it in my head you worked/lived out east, like the middle east.
Lennon confronts his haters
Date: 8th February 2014 at 6:56 am
Written by: Joe McHugh | Comments (0)
On the eve of a Scottish Cup tie against Aberdeen Neil Lennon has turned his attention to those that hate him.
Last Saturday the Celtic boss had to leave early from the Aberdeen v St Johnstone League Cup semi-final at Tynecastle after being targeted by a coin and bottle from Aberdeen fans.
The mindset of those involved is unknown but only the incredibly naive would deny that Lennon’s DNA and public perception didn’t play a part in the latest shameful incident to blight the Irishman’s time in Scotland.
Confrontational and aggressive are the terms most often used to describe Lennon with the hard of thinking happy to take that lead from the images and words used to portray the Celtic manager.
The catalogue of attacks on Lennon are lengthy ranging from road rage to bullets and bombs in the post with the perpetrators a cross section of Scottish society ranging from students from Aberdeen to middle-aged men in Ayrshire.
While some will admit to their hatred of Lennon the majority shy away from the obvious, they use other terms and reasons deflecting from the fact that their hate figure is a high profile and highly successful Irish catholic and ginger as well.
The liquidation of Rangers was always going to be painful for some, seeing the golden boy that is Ally McCoist sink due to the disaster created by Davie Murray would have been unthinkable for those who revelled in the nineties as their superiority complex was underlined.
Now confronted on a daily basis by the success of Celtic, fronted by Lennon, the cold reality is hard to live with.
Looking emotional yesterday the Celtic boss tackled the issue straight on, while some will revel in this as a sign of weakness the broader perception of the best wee country in the world takes a serious hit as a light is shone into Scotland 2014.
“I don’t want it and I don’t need it,” Lennon said on the perception that encourages events like Tynecastle. “I’m not happy with some of the stuff that has come out regarding myself in terms of journalists saying, ‘He attracts it, it’s his controversial, confrontational nature’.
“For me, that’s very irresponsible. I am no more confrontational than any other manager in the SPFL. However, when it’s an issue regarding me, it seems to be imbalanced.
“I’m not putting up with people, commentators on the radio, saying ‘he can stand up for himself’. I certainly can. Can they?
“They are not walking in my shoes. They are portraying me to be something that I’m not. This street fighter … Yes, I can handle myself, but I’m not a street fighter. It’s hard to undo that. I’ve tried. For over a year I’ve been staying away from flash-points and controversy.”
Lennon’s comments have already excited the no-mark chattering classes feeling that their campaigning has got through to the Irishman.
Since the latest Tynecastle incident they have spent their time asking various people the golden question while feigning their disapproval: “Do you think that this will force Lennon to leave Celtic.”
One day they may play a part in Lennon’s departure but Celtic’s success is virtually assured as yesterday’s six month financials underlined.
Only a series of moonbeams can derail Celtic from their current position, and while the public face of the club may change, as it did from Martin O’Neill to Gordon Strachan and onto Lennon, the underlying strength remains in the infrastructure of the club.
“In the past there is no question there were sectarian elements to what happened to me,” Lennon added. “People want to bury their head about that. I don’t, I want it said and I want something done about it. Last week there was no evidence of a sectarian element, but certainly a hooligan element.”
kitalba
07:04 on
8 February, 2014
Fair enough,Kit.
Don`t really think there is much to be gained by taking this any further.
I remain to be convinced that the Celtic trust is a positive influence on the Club we all love.
Quite the reverse.
As the ‘best stadium wins’ McCoist throws his rubber ducky out the bath
Andy MuirheadFeb 07,2014
Celtic Park won the right to host this season’s Scottish League Cup Final. Months earlier Celtic Park won the right to host this season’s Scottish Cup Final. Across the city, Rangers were awarded the two Scottish Cup semi finals, yet this was not good enough for the dignified people of Ibrox.
Upon Celtic Park being announced as the venue for the Scottish League Cup Final, Rangers boss Ally McCoist told the assembled media: “I did say to the chief executive that if we were allowed to bet, which of course we’re not, get a few quid on (it) not being at Ibrox.”
With Hampden being used for the Commonwealth Games and with Rangers hosting League One rivals Dunfermline Athletic at Ibrox, the day before the final between Aberdeen and Inverness Caley Thistle, the SPFL took the decision to award Celtic Park the final.
Explaining the decision, SPFL chief executive Neil Doncaster said: “So, we were left with two to consider and we had a full consultation with the clubs involved, both venues: Celtic Park and Ibrox; and with Police Scotland and the broadcasters. The key determining factor was that, at Ibrox on the day before the final, Rangers are due to host Dunfermline.
“That’s likely to be a live televised game and, in those circumstances, it just wouldn’t have been possible for the broadcasters to de-rig on the Saturday and get rigged up in time for the Sunday.”
However, despite a reasonably valid reason for awarding the final to Celtic Park, McCoist was having none of it even implying that there was an unseen hand controlling the SPFL and Neil Doncaster. I wonder who that would be?
McCoist said: “I just didn’t think it would be. It was my own opinion. I think obviously Neil [Doncaster], or indeed whoever is running the SPFL, made the decision and they’ll stick by it. I’ve worked with television long enough that I know these boys are unbelievable at their job in terms of de-rigging and setting up for games. Come on. That doesn’t wash with me and I don’t think it washes with you either.”
McCoist’s comments stirred Peter Lawwell and his hand from the orifice of Neil Doncaster long enough to put the former Question of Sport presenter in his place.
Lawwell told Press Association Sport: “It’s the pre-eminent stadium in Scotland, it’s the biggest and the best. So if you want to have a bet on the biggest and the best, then you will always win.”
eddieinkirkmichael
23:44 on 7 February, 2014
EK that’s a tragic event, I have an Aunt and Uncle who lost a child some years ago, was tragic for them too.
Was out for a beer with my Uncle months later, my Aunt was suicidal wanting to be with her son, she got through it.
I said to my Uncle it’s harder for women to get over these things, he looked at me and smiled and said words to the effect of, where do you think I want to be…!
The loss of a child is tragic for all, to get through the other side is a hard slog, dont think you ever really get there, you just live the best you can.
My thoughts and prayers to all who have lost a child, God willing I never have to feel that pain.
Eddiekirkmichael and family, in my prayers.
Ayrshire is Green and White.
kitalba
07:07 on
8 February, 2014
Macjay:
For an eagle to be an eagle… it needs a left wing, and a right wing.
————————————————————————————————–
It also needs a centre.That`s me.:-)
Now ,on to anticipate the game and try to stay awake till 11.45 P.M.
Macjay
Good morning.
Re the trust.
The trust is effectively a voice , by proxy, for shareholders. So if they employ a stance on any particular issue, which you strongly disagree with, then you simply wouldn’t transfer your voting rights to them on that particular subject?
Many share owners only have a very small amount of shares, and I’d bet in a number of cases, don’t bother to vote , thinking that their small holding will have little or no influence.
Transferring by proxy in such matters allows those minority shareholders to use their vote in an effective manner. Shoulder to shoulder?
I’m a little confused as to what harm you feel the trust can cause ? They can only represent share owners who wish to be represented? No?
Hail Hail
On a happier note and something that helps us focus away from sadness, does me, Glasgow Celtic are playing today.
I’m really looking forward to the game today, going to be really tight and a bit of a struggle.
Can we make it?
Well I hope so, the bhoy has a game at ten o’clock, so only have about an hour after the game to get washed changed travel and seated.
Four nil Celtic and I said the other week, LG two goals.
HH
macjay1 @ 07:00
You’re returning it to a circular argument yet again.
It’s nothing to do with left or right wing.
There needs to be a body who can call the Celtic board into question.
Your inability to see that without adopting red under the bed mentality is proof of the reason why this counter body is absolutely necessary.
macjay:
Dr. Benjamin Carson, one of the worlds most ‘innovative’ and acclaimed neurosurgeon’s, park this for when it’s raining too hard to go out.
Gifted Hands – The Ben Carson Story
paediatric neurosurgeon’s. (oops)
Kitalba,
No, I’m a simple Weedgie pushed out of the city like most good folks to make way for the new class.
They would have me forget my roots and support Airdrie, but the true beauty of life sees the Celtic Support grow stronger by the minute, no matter how much more they try to divide us !! :))
macjay:
you’re being very kind to your prejudices, whilst denying others theirs and then claiming middle ground… sorry mate, that does not equate.
Celtic could spend £8m in summer on big-name signing to boost Lennon’s Champions League hopes, says Lawwell
By BRIAN MARJORIBANKS
PUBLISHED: 00:34, 8 February 2014 | UPDATED: 01:26, 8 February 2014
162 shares 0View
comments
Celtic chief executive Peter Lawwell has revealed he could splash out £8million on a marquee player in the summer to boost Neil Lennon’s assault on the Champions League.
The Parkhead club announced pre-tax profits of £21.3m in the six months to December 31, 2013 – £6.4m up on the previous year’s figure.
That was largely down to the sales of Victor Wanyama (£12.5m) Gary Hooper (£5.2m) and Kelvin Wilson (£2.5m) which more than countered an 11 per cent decrease in revenue from £50.1m in 2012 to £44.8m.
+5
Cash injection: Celtic boss Neil Lennon has been told he could spend £8million on a player in the summer
+5
Money maker: Celtic sold midfielder Victor Wanyama, second left, to Southampton for £12.5m
Celtic now have £5.7m in the bank and, with Lawwell describing the Scottish champions as arguably being in the best financial health in their history, he pledged to make up to £8m available for one player – so long as Lennon and his scouting team can convince him the target represents value for money.
‘Neil will have substantial funds to spend in the summer,’ said Lawwell.
‘We’re in arguably the best financial state we’ve ever been in but it makes no sense to keep the money in the bank. We want to invest in the club by investing in good footballers that create value for the club.
+5
Positive news: Celtic chief executive Peter Lawwell said there was money to spend if Lennon wanted to strengthen his squad
‘Celtic can buy a £6-8m player if the value is there.
‘We would not buy a 29-year-old at £8m on a four-year contract at £40,000 a week because that is dead money. But if there’s value in signing an £8m player we will look at it.’
Celtic recruited £2m Stefan Johansen, £1m Leigh Griffiths and £100,000 Holmbert Fridjonsson last month, but Lawwell admitted he wanted more new recruits.
He said: ‘If there was any disappointment in January it was that we wanted to get as many players in as we could, to embed them and have them settled for the qualifiers. But it was very difficult and it’s getting more and more difficult, especially in January.
‘We made a few bids, and we felt we were in a good position to get players, but if clubs don’t want to sell then there’s nothing you can do.
+5
New recruit: Celtic signed midfielder Stefan Johansen, left, from Stromsgodset for £2m
‘We would like to get our business done early this summer, to get one or two in to make it more possible to get through the qualifiers. But there are no guarantees.’
Meanwhile, Lawwell confirmed that Celtic’s Champions League qualifiers are likely to take place at Murrayfield as Celtic Park is out of use due to the Commonwealth Games.
It could mean the Parkhead team are the first to use the new hybrid grass pitch being installed at the rugby stadium.
‘It’s a high possibility but not a done deal,’ he said. ‘It might be confirmed in the next two or three weeks. There were other options we looked at, smaller grounds in Scotland, but we have an obligation to our season-ticket holders to give them the opportunity to buy a ticket for the game. To limit that wouldn’t be right.
+5
Possible venue? Celtic are likely to use Murrayfield for their Champions League qualifiers as Celtic Park will be out of use due to the Commonwealth Games
‘So, without giving away my negotiating position, Murrayfield is the most likely. Am I confident the new pitch there would be laid and ready in time? It would have to be, yes.’
Lawwell also paid tribute to Lennon after he was abused by fans while attending the League Cup semi final between Aberdeen and St Johnstone at Tynecastle last weekend. The chief executive believes Lennon has had to endure more flak than any manager in Scottish history and may now look to bolster his personal security.
‘I feel for Neil – it was totally and utterly unacceptable. We have a duty and responsibility to protect Neil and he will be given that support. Kevin (his minder) doesn’t follow him around every day but he might have to now.
‘Neil’s life is not his own. He has had to put up with things no manager in Scottish football has had to contend with.
‘But Neil is a strong, remarkable character and his passion for Celtic and his love of the job is what has kept him here.’
An eagle, two wings, now neurosurgery, wow the early bird catches the worm on here..!
Cornflakes or porridge. .
HH
twists n turns
07:24 on
8 February, 2014
Macjay
Good morning.
Sorry,pal.
Harm? They are a divisive influence.Now surely we can agree on that.
kitalba
07:29 on
8 February, 2014
macjay:
you’re being very kind to your prejudices, whilst denying others theirs and then claiming middle ground… sorry mate, that does not equate.
I would never seek to impose my political prejudices on Celtic.Never have ,never will.
That`s where I differ from the Celtic trust.
FFM – I’m the only conspiracy theorist in the village)
07:25 on
8 February, 2014
macjay1 @ 07:00
You’re returning it to a circular argument yet again.
It’s nothing to do with left or right wing.
There needs to be a body who can call the Celtic board into question.
———————————————————————————————————-
Why should that body have a political agenda.
You do accept that the Celtic trust have a political agenda.
Macjay
Honestly bud I don’t see it that way.
They can only be as strong on the whole as the sum of their parts allow them to be.
I see you, and other shareholders, as the “parts”.
Anyhow, I respect your right to draw your own conclusions as to their value, and to communicate your opinion on here or anywhere else you choose to do so. We just see this particular issue through different eyes.
On to today, and it’s a narrow 2 1 win for the bhoys today.