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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macjay,
Amigo, am tired of hearing how the CT are divisive, from folk who ignore some seriously worrying behaviour from the Celtic Board.
The CT are acting to protect fellow supporters under attack from forces with whom the current board have been proven to be complicit.
Why attack those who are the only few bodies to defend your fellow supporters??
Would you maintain the same stand if I was arrested tomorrow morning for singing Joe McDonnell in the Kerrydale Suite this weekend, knowing that my details were given to the rozzers by the Celtic Board before I was arrested ?
macjay:
Take Celtic out of the equation and go back to your post of 00:25. and try and give others the benefit of doubt.
twists and turns
I posted part of this earlier.Hope it will explain my concerns.
to quote JF
“I think the Board take us very seriously indeed. Up to this year we were the only organisation who could submit resolutions onto the Plc AGM Agenda. The Plc dont like that, they like to control and stage manage the event. One of the biggest impact we have had is that the Celtic AGM is no longer a stage managed event to the extent the Plc would like at least. The Plc are forced to engage every year to either engage with direct debate with the floor, which they always do granted, or as anyone attending will see, the video interviews may include issues that the Trust have raised and force them to address real issues.’
How can this person be a friend of Celtic?
Whose side is she on?
She celebrates:
“the P.L.C.don`t like that”
” the P.L.C.are forced to engage”
“force them to address”
Who does she represent?
How many does she represent?
Has she asked Aberdeen if they are paying a “living wage”? If not,why not?
Are her concerns only for the employees of Celtic?
On any Celtic blog or chatting to any groups of friends who support Celtic it is very clear that there is a wide range of views and nothing like a consensus on most matters. So, when the CT speak out about something they are not representing Celtic fans but their own particular views. Good luck to them in that but just remember they don’t speak on behalf of all or even most of us.
FFM and Kit
Lads.Nothing to be gained from reiterating my feelings.
Time for a quiet Pilzen Urquel.
Wish I was sharing it with your goodselves.
Eddie – missed your post last night re Lyndsay apologies! It brought a tear to my eye reading it!
I know of a few on here who have found themselves in the same situation with that dreaded knock on the door. I cannot begin to imagine the pain that brings you every waking day.
There are no words that will help or comfort if only it was that easy!
I will be sure to light a candle at mass and keep her in our prayers
Thank you for sharing I’m sure your grandson will love them
Macjay:
You ‘cut’ this part:
I`ll bet she doesn’t give a damn.
Odds on,she`s only interested in achieving personal power and seeks to use Celtic and the G.B. to do so.
Why? Because nobody votes for her radical views any more.
b2k @ 07:57
That’s an interesting point.
So you think all Celtic supporters should speak as individuals, and hence be powerless in having any say in how Celtic is run?
Is it just me, or is CQN being completely over-run by utter board-lackey muppets??
Macjay:
I’d love to share a bottle with you, I’d love to share a bottle with Jeanette too. I doubt the latter will ever happen. My loss.
Good Morning Timland.
A must win game, then a home draw against anyone par the
hun for me.
Tony D…..a list, behave yerself Tony,don’t always agree with
you but love your passion for our club,take time and think,what
if your wrong,you’ll only give your detractors ammo…so wise up.
Which reminds me,
I’ve been catching the odd post over the last few weeks.
Tom’s is one I read today, and I’ve a feeling there are a few more of us suffering.
All my best heart-felt wishes to all, especially those suffering more.
KTF, it works.
eddieinkirkmichael @23.44
Im an infrequent poster nowadays and hope you dont mind me commenting on your post as above.
Your loss is unfathomable to many of us as parents,
Im sure your daughter will look down on the wee fella with a smile as he wears “her” hat, and he in turn will wear it with equal pride, At 7 he may not yet fully understand the significance but in his own way, as badges are added, as victories are seen and celebrated he is not only continuing but is sharing the love your family obviously have for Glasgow Celtic.
Doc.
Nice touch I expected nothing less from you Mo Chara
Back to lurking
YNWA
b2k:
You are right, they don’t speak for all of us, they don’t speak for me, but I agree with some of what they say whilst disagreeing with other viewpoints. In doing so I don’t label them ‘rockets’ or ‘roasters’.
They have put out to support Celtic, I know that does not make them better than the Celtic Supporter who is skint, but they didn’t mould society, they are trying to better Celtic with the less fortunate Celtic Supporters in mind. Is that such a crime?
Macjay
It seems to be the language used as opposed to the intent that you take greatest offence to? I can accept that to a degree, after all, I made my point on here post AGM that I felt Jeanette personalised too much when communicating on the living wage issue.
I still do believe though that the issue itself was an important one, and importantly, a significant number of shareholders felt the same.
As for your questions,
She represents shareholders.
How many? No idea, and not certain that the question can be answered by a number. The trust has membership open to all, and that will include shareholders and non shareholders. On voting on any issue, the trust can only represent a shareholder who gives them a proxy vote.
Aberdeen? She/ they are concerned with the welfare of Celtic and Celtic supporters. Why Aberdeen?
I think primarily her concerns ARE for the employees of Celtic. Yes.
So you don’t recognise them, approve if them, but want them to get involved in a wider capacity?
Oh dear ffm 8.01 a bit touchy. Just cause you’d like something to be doesn’t make it so. There is no agreement between fans. Live with it.
I am a fan and one of those who bought shares when Fergus needed us to. I know lots of others like me who think that we are in fact a very well run team. It’s clear my views are different from yours but I respect your right to hold them and I certainly know you will not change them. I can live with that.
Kit
I did indeed. It detracted the point I wished to make to tnt.
Which is why I said this:
“I posted part of this earlier.Hope it will explain my concerns.”
Viz.”part”
Macjay – I understand you don’t agree with the Celtic Trust or the supporters they represent.
What I can’t understand is why you or TonyD feel the need to berate only JF?? The trust is a collective made up of a wide section of our support.
It is the personalisation and the demeaning comments to JF I find hard to take. Disagree with the Trust, question the Trust but there is absolutely no need for the vitriolic criticism of one individual.
TonyD I’m sure you have now had a chance to read back, it’s been posted by myself and by Auldheid I say you got it wrong (I’m only agreeing with you, yes you did get it wrong …again) Auldheid is much kinder he says you are mistaken!
Look forward to your reply
Or are you looking for your cat? :-)
Macjay
Anyhow bud, talking of shares, I’m heading out to contribute to Ally’s wealth by going to Greggs. Got Chris 1888 coming for a few drinks for the game, so I’d best get busy.
Good luck to the bhoys today.
Hail Hail.
eddieinkirkmichael @23.44
Thank you for sharing
I take my nephews Bhoy sometimes, his sister only gets going occasionally with her dad.
To make up I usually give the wee mhan a badge to take home for Taylor usually a girlie minnie mouse or cartoon type celtic one, today I will personally pick a celtic crest one and deliver it myself telling her its a special one and one day I will tell her the story of Lyndsay & Jayden.
Hail Hail
Y.N.W.A
twists n turns
08:11 on
8 February,
I think primarily her concerns ARE for the employees of Celtic. Yes.
———————————————————————————————–
Mate.Not primarily.Exclusively.
Is that not selective socialism?
You find that stance acceptable? I don`t.
tnt
Nice talking to you.
Enjoy the day.
b2k @ 08:12
Well done top you.
So my concerns about fellow ticket paying Celtic supporters being used as pawns in political courts is trivial to you? “A bit touchy”?
You underestimate my anger.
Here’s hoping it doesn’t come knocking on your door, while you celebrate balance sheets achieved during supporter decimation.
Morning folks.
Workin again today….5 down, 11 to go :(
Look forward to your updates today and opinions from what is a tasty fixture.
The Dons have only failed to score in 2 out of their last 10 games since we beat em 3-1, suffering 2 x 1-0 defeats…..another 1 today would do fine!
Good morning friends from a pretty wet and blustery East Kilbride.
Feeling confident about today although my dream of 2 nights ago had Niall McGinn scoring one in off the left hand post right on the stroke of half time.
On the boat heading to the game .Conditions choppy .Will begoing to Kd suite
Maybe meet up with some Cqners
MACJAY
JF supported the resolution for the living wage,and spoke strongly in its favour.
She did so in her CST capacity.
In her CST capacity,she has no mandate to comment on how other clubs are run.
In a personal capacity,I have no doubt at all that she supports the living wage for all.
You choose to beat her with a stick of your making,not hers,and that is just not cricket.
From steviedoyle
Look who’s all smiling at castle greyskull.
Has anyone ever seen EBT Ogilvie at any other game in Scotland ? Corrupt scumbag.
http://t.co/b9iHK1hMKd
I can only met Jannette Findley twice in my life
The FAC rally & preparing for the Dam bhoys collectionshe spoke passionately
On both occasions she spoke passionatelyabout protecting the right of celtic fans men woman and children.
Now I dont know to much about the celtic trust which I will remedysoon but on both occasions that I met her I thoughthow proud I was to stand shoulder to shoulder with her and if only someone inside our club would defend the lifeblood of our club.
So think of her what you will but I have the feeling if you met her you would part as friends(sorry for butting in bye the way:))).
have only met :((
tooearlycsc
Please, fholks.
This is not a discussion about Jeanette.
Making the discussion about her will give idiots like tonydonkey and heaven67 the ammunition to deflect from the main points of concern.
It’s about someone speaking up for us in the hope that the Celtic Board will listen to the Celtic Support.
Mac
Uly and nakasammi hoping to get into kerrydale suite.
If you ate staying on after the match you are more than welcome to join the grey brigade for a small libation.
This won`t be popular. Sevco are not as bad a team as we like to make out (kidding ourselves?). Were they any other Third Tier team, we would be saying: That wee team at the top of Division One could cause an upset in the Cup. OK they are not as good as the Top tier teams , but 4-0 against Dunfermline is not a scoreline to be dismissed lightly.
JJ
Tony D
Are you up yet?
JJ
CQN Coupon:
AWATR – Sheffield United
BT – Rotherham
GL2 – Dundee
Jobo – Southampton
LB – Notts Forest
Pog – Bolton
PF – Reading
TTT – Leicester
Keep the Faith!
Hail Hail!
minx1888 praying for Wee Oscar
08:20 on
8 February, 2014
Macjay – I understand you don’t agree with the Celtic Trust or the supporters they represent.
What I can’t understand is why you or TonyD feel the need to berate only JF?? The trust is a collective made up of a wide section of our support.
It is the personalisation and the demeaning comments to JF I find hard to take. Disagree with the Trust, question the Trust but there is absolutely no need for the vitriolic criticism of one individual.
————————————————————————————————————
She has been the spokesperson for The Celtic trust and must accept criticism.
I responded to the quotation you provided from her.See 7.55 You chose to quote her.
I responded to that quotation.
Her gender is an irrelevance.
If you feel my comments about her have been vitriolic,then I would regret that.
I agree with you that one particular comment made by another poster was completely unacceptable.
On the other hand,do you have any concerns about the vitriol directed at Peter Lawwell?
How about the vitriol directed at Tony Donnelly?
Really must go now.
Promise.:-)
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS ………FC not PLC
08:29 on
8 February, 2014
MACJAY
JF supported the resolution for the living wage,and spoke strongly in its favour.
She did so in her CST capacity.
In her CST capacity,she has no mandate to comment on how other clubs are run.
————————————————————————————————————-
Thanks,pal.
She has no mandate to determine how Celtic are run either,but has the nerve to try to do so.
Really off now to get on with the rest of my life.
HAIL HAIL
From MinogueTom
http://t.co/fviwXwfcMC Neil is not the 1st red headed Irish RC Celtic man to be attacked at Tynecastle Jim Foley was http://t.co/7Ix04mYkVI
Yon Wullie Vass does the Huns and their associates and acolytes far more damage thn he does good.
Bacteria like Willie Young and Oglivie must flinch inwardly when these photos pop up on line (not that they are exactly hiding in the first place).
Wullie Vass’ pictures are definitely worth a thousand words.