Celtic point to prove, burying bad news

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Neil Lennon took his players to the vast open spaces of the Camp Nou last year, took the lead and held onto a point until the fourth minute of added time.  It was an enormous and disciplined achievement.  I feared we would suffer a backlash when Barcelona visited Glasgow.

What we experienced instead was more of the same.  Barca played some of the most mesmerising football we have ever seen, but it took them until the 92nd minute until they managed to beat Fraser Forster, this time, too little, too late.

Barca have the best Plan A in football but they were unable to effectively change when making no progress and unable to cope with Celtic from set pieces, while their own concentration was called into question.

While our visitors will be keen to make up for their disappointing result in Glasgow last season, Celtic have their own disappointing result to avenge.  The heroic tales from Milan last month count for nothing.  Celtic need to show they have the necessary edge.

We are the team with something to prove.  We are the only team who can leave Celtic Park tonight with any material achievement; a win would do nothing for Barca, whose place in history is already acknowledged.  The only prize in the game worth having – professional honour – is only available to Celtic.

Tonight we have a rare opportunity.  Take it, Celtic.

A good day to bury bad news

Rangers International FC PLC accounts, released this morning, curiously report “First team wages/turnover ratio at 43% while total staff costs are £17.9m, or 94% of turnover.  I’m not convinced this is evidence of a vast and unnecessary filtering of cash out of the club.  While the board and management will take a slice of the extra wages this total figure is not unusual, or unexpected.  It takes several hundred people to run a football club with an average attendance at 39k.  There is not a whole lot they will be able to do about this figure.

DM Hall, who produced fabulous property valuations for Ibrox and Murray Park when Sir David Murray was in charge, are back, this time valuing the assets at £65.2m and £14m respectively.  This is vastly more than was paid for them last year but still a fraction of what DM Hall valued the properties at in 2005.  The combined existing use valuation recognised in the accounts is £42.5m – a tidy sum, if achieved by sale and leaseback.

The club has operating costs of £33.6m while income is £19.1m.  They are clearly spending more than necessary.  When looking to cut costs there will be some low lying fruit (or Greggs pies) but cutting into the player budget, or back office staff costs will be difficult, while cuts to policing, rates and utility costs are unlikely.

Cash at 30 June 2013 was £11.198m, so, before cost cutting and after exceptional costs are removed, they are looking for circa £18m cash to fund operations until 30 June next year.  There are several established ways to achieve this, including ticket securitisation, used by both previous owners of Ibrox.

A significant uplift in season ticket prices is also likely to be necessary.  Charles Green set initial ticket prices low.  An appeal could surely have been made to fans to step forward and offer support at a higher price, but Green was under pressure from Paul Murray’s various attempts to win control-while securing fan support for his Blue Knights group.

If Murray hadn’t run his ultimately-doomed campaign, Green’s need to over-promise and under-price, in order to sell any tickets, would have been different.  As would the operating deficit reported today.
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368 Comments

  1. If only we had a primetime Chris Sutton to lead the line tonight…

     

     

    As it is, I’ll have to settle for the same tight scoreline as last season.

     

     

    ;o)

     

     

    For we only know

     

    that there’s going to be a show

     

    and the Glasgow Celtic

     

    will be there.

     

     

    Gardez la Foi

     

    Sixtae

  2. 50 shades of green supports wee oscar and his family.h.h.wee mhan on

    Ready for game time is now upon me.

     

     

    Looking at the tifo picture think I might be sitting on a big giant H tonight.

     

     

    First time I can ever remember wee shades coming home from school and wanting an hours kip, he even tried to pull a flanker on his mum this morning saying he wanted to stay off school because it would drag in , wee chancer.

     

     

    To everyone going get your singing voices ready the world will be watching.

     

     

    Its Zadoc time again in paradise.

     

     

    H.H.

  3. Anybody know about streaming from UEFA’s site? Does it offer you all the games I seem to be getting offered Swiss TV coverage which will Basel against Chelski??

     

     

    Thanks in advance.

     

     

    Starry

  4. tbj praying for oscar knox

     

     

    16:45 on 1 October, 2013,

     

     

    I’ll pop up and see you before kick off and square you up re tickets.

     

     

    ——–

     

     

    Billy bhoy 05…enjoy the game mate. A first in a long time for me not getting a charge before it…nightshift :-((

  5. 50 shades of green supports wee oscar and his family.h.h.wee mhan on

    Oops just remember to tape the blinkin game there.

     

     

    Enjoy the game tonight Celtic fans everywhere.

     

     

    Coybig

  6. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Pogmathonyahun aka Laird of the Smiles

     

     

    some chewing gum stuck between your number 3 and number 2 key there Pog I reckon ;-)

     

     

    Start of a MMMMMMMAAAMMMOOOOOOOOOTHHHHHH drinking session

     

     

    Mon the hoops.

     

     

    I will be on later on as I cant get too drunk tonight …..Win lose or draw.

     

     

    I am really going to try. Really

     

     

    HH

  7. oh oh oh oh ! getting tipsy here in Lower Saxony ….braw ! …just phoned the Main man( 90 years a Celtic man ) and he say,s it will be Braw! so hoopy nights to all Celts whereever you are …Hail Hail…2-1 the celts —the whole team to impress …and the Fans to overwhelm ……..braw !

  8. antipodean red on

    vic ajax,

     

     

    Thanks for the tip, I know exactly where you mean, going down soon for some pintxos and then have to dispatch a disinterested wife before settling in for the game, last night in SS, hope it’s a good one!

     

     

    Hail Hail

  9. Can’t wait for ko. Hoping we compete; keep it tight; keep the ball for a while; dont get a hiding……

     

     

    Whatever happens its good wholesome top european goodness served up on a beautiful dish of green paradise……

  10. archdeaconsbench on

    Watching the STV News there as they gague the reaction of the peepul to the figures released. They seem genuinely astonsihed at the figures banded about. What planet are these people on??

  11. SSN Italia have just shown the ‘This is Paradise’ display at CP.

     

     

    Looks fantastic!

     

     

    They also showed the Emirates and the Amsterdam Arena – no displays to be seen.

     

     

    HH!!

  12. Big Georges Fan Club - Hail, Hail, Wee Oscar on

    This is WEE BGFC. My prediction.

     

     

    Celtic 4-2 Barcelona

  13. Kojo

     

     

    That was a smashing wee story that kept me entertained to the very end.

     

    Thank you

  14. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    My cousins kid is walking out with the players tonight so good luck to Finn Ross your doing the family proud son.

     

     

    HH

  15. I liked the quote on STV when the guy said, Sally earns more than Cameron, Obama & ??? Put together. Gets you thinking: Incredible wages of over £16k a week.

  16. archdeaconsbench on

    Raymac

     

     

    14:47 on

     

     

    Definitely, been thinking that myself…. Begs the question though, what does it say about the boards faith in McCoist, that he has to be given a sledgehammer to crack a nut?

  17. Big Georges Fan Club - Hail, Hail, Wee Oscar on

    Right, that’s away for the fish suppers, then on to the game.

     

     

    I’ll be having mine through a straw – just back from the dentist and upper half of my hied is numb:-(.

     

     

    Hope it is still numb tomorrow morning from over-celebration!!!!

     

     

    Hail, Hail, the Celts are here

     

     

    HH

     

     

    BGFC

  18. RobertTressell 18:00 on 1 October, 2013

     

     

    Accounting a mystery to me too.

     

    Saw this somewhere, could be nearer the truth/

     

     

     

     

    1) Wages & salaries £18 million on a turnover of £19 million – that’s 95%.

     

     

    2) Running costs £14 million of which £4 million non-recurring

     

     

    3) £2 million added to wages by nine players signed in September.

     

     

    4) No appreciable increase in revenue forecast for this year.

     

     

    So where are we figure-wise?

     

     

    Cash in Bank – £11 million – June 2013

     

    Income – £19 million – July 2013 to June 2014

     

     

    Total available to June 2014 – £30 million

     

     

    Wages & Salaries – £20 million – July 2013 to June 2014

     

    Operating Expenditure – £10 million – July 2013 to June 2014.

     

     

    Total Expenditure till June 2014 – £30 million

     

     

    So, in theory they could make it ‘by the skin of their teeth’ to the end of the season. There will be nothing left in the bank, all the IPO money will be gone and there will still be an operating loss of £11 million.

     

     

     

    Oh, and the pieman is trousering upwards of 800 000 smackers for his role in all this (not for his fitba coaching talent you understand, but for keeping the bears on track…).

     

     

    2-1 for us tonight, by the way!

     

     

    Gardez la Foi

     

    Sixtae

  19. My Dear Kojo…..

     

     

    You Hiv Charlie In Midfield….?

     

     

    Noooo…..!

     

     

    He Is Much Too Slow…And Sluggish In The Turn…..

     

     

    To Compete With The Barce Midfield….

     

     

    He Will Be Stranded….Like A Beached Whale…..

     

     

    Ah Suppose We’re Waiting To See If Adam Is Passed Fit To Start…..

     

     

    To Weigh Up All The Options…..

     

     

    But I Would Start With Charlie At Left Back…..

     

     

    As This Is Not A Game For Overweight Izzie…..

     

     

    In Any Case,We Should Make Full Use Of Our Substitutes Tonight…..

     

     

    To Replace Tired Legs…….

     

     

    As The Barce Pressure Will Be Relentless……

     

     

    And We Will Not Have Our Buccaneering Cannonball Kid As An Outlet…..

     

     

    To Scare The BeJaysus Oota Puyol & Co.

     

     

    ~~~~~~

     

     

    Hmmmm…….DEREK !

     

     

    Now There’s A RIGHT Hunnish Name….

     

     

    If Ah’m No Mistaken….

     

     

    Viva KevJungle !

     

     

    Viva Chris Tore !

  20. Beer chilling in the fridge.

     

     

    Red wine ready.

     

     

    Bottle of Hendricks gin standing by next to the Schweppes tonic.

     

     

    Cucumber and lemon also in the fridge, ice in the freezer.

     

     

    If we win I will tan the lot and wake up on Friday!

     

     

    Cmon the Hoops!

     

     

    HH!!