Part of me would like to believe that Celtic destroyed Ferencvaros with a multi-cultural display of slick football as a consequence of the hostile reception they received for an expression of support for racial equality before kick-off. But that’s not true. The home supporters deserved no more than to see their team bettered and beaten, Celtic would have been as fabulous no matter.
An early goal followed by an early concession gave the expectation that anything could happen. Liel Abada’s returned to the first team after a few weeks rest did him the power of good, he snatched onto a poor defensive touch, squaring for Kyogo. What followed took me back 20 years….. it’s been that long since we’ve had someone with such composure.
Joe Hart could do nothing about the deflected equaliser but when he smothered a shot midway through the first half, he sprung to his feet to release a break. David Turnbull got the faintest of touches for what would prove to be another assist as the ball found its way to Joto on the left. The Portuguese drew four defenders before firing a shot that clipped one on its way into the net off a post.
Celtic were on fire now and spurned several chances to stretch their lead, the best when Kyogo controlled an inch-perfect Turnbull pass before dinking the goalkeeper, only to be denied by a goal line clearance. When the third came, it was another poster moment for great football. Turnbull won the ball for McGregor to find Kyogo, who played a pass into the box, between defenders. Abada did not break his stride as he found the corner of the goal.
A late consolation brought Ferencvaros within striking distance of Celtic but the visitors managed the game to the final whistle without concern. The Europa League knockout rounds are still a possibility but it will almost certainly be the Conference League, which Celtic are now assured of.
Newco accounts for the year to 30 June 2021 are out. I’ll do a more in-depth look later, a few headlines:
Comprehensive loss for the year was £26.024m, elsewhere you will mainly see the lower operating loss figure quoted, not that £24.153m is low.
For Financial Fair Play purposes, Uefa permit this loss to be adjusted due to the unique circumstances we have lived through. A quick ready reckoner of this:
While other revenue streams and costs remain consistent with the previous campaigns, gate receipts are down £17.46m (no fans spending money at games) and operating costs are down £8.8m (no fans to serve or steward at games). Subtract the former from the latter and Uefa will forgive £8.6m of the comprehensive loss, reducing the Financial Fair Play loss to £17.42m or thereabouts.
Football has returned to largely normal operations this year, so that £17.42m figure is a good proxy for Newco’s forward comprehensive loss. For a business that has never earned more than £59m in its history, the lambeg drums must be ringing the alarm! There’s so much red ink at Ibrox you’d mistake the Clyde for the Red Sea.
358 Comments- Pages:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- »
Coneybhoy
LOL
Paul67 I agree with everything
But they are still 4 points ahead of us
If they win the league they go straight into the CL Group stages
The Red Sea will become the Blue Clyde
Win the league celtic nothing – nothing – else matters
67ECW
67 EUROPEAN CUP WINNERS on 5TH NOVEMBER 2021 1:58 PM
Paul67 I agree with everything
But they are still 4 points ahead of us
Win the league celtic nothing – nothing – else matters
agree ,nothing else comes close this season.
5TH NOVEMBER 2021 1:42 PM
Big Judith looking radiant 🤓
……………………
Would you scintillate with her Bada? 🤣
Does the litigation that is outstanding show in the accounts under some heading? and is that factored into the warning? por cierto
I love celtic winning..
But we will not be allowed to win the league this season..
We are only a few games in and the evidence is there for all to see.
SFA/SPL = WWF…
TOSB- After Eights are my favourite 😜
Excellent result and performance, I thought the much-maligned (by me) Greek striker did a great job when he came on and ensured we saw out the game. Where’s the inaugural Europa conference final this season? 😊
TIMHORTON on 5TH NOVEMBER 2021 1:42 PM
BIG GEORGE@12:55
Brilliant.
============
Glad you enjoyed it – there are a few similar ones -absolutely inspiring.
I never knew anything about the lyrics in this one until I watched this video with subtitles. Guantanamera – featuring a lady called Diana Fuentes from Havana, Cuba, and many others.
It has brought tears to my eyes on more than one occasion – anyone with seven minutes – please have a watch.
Do your soul a favour :-)))
https://www.youtube.com/watch?v=blUSVALW_Z4&ab_channel=PlayingForChange
HH
BGFC
POR CIERTO on 5TH NOVEMBER 2021 2:10 PM
Does the litigation that is outstanding show in the accounts under some heading? and is that factored into the warning? por cierto
As a contingent liability it would be included in the Provisions amount
The notes aren’t exactly 100% transparent but it they’ve made a provision (allowance) for settlement of legal disputes of 2.75m. It looks like the dispute with Sports Direct isn’t included in that amount because, they say, if they did it would prejudice the case against them.
It’s explained, sort of, in the Provisions section in the notes
You do wonder if it’s been included in the cash flow forecast and what the auditors made of it
CELTIC40ME on 5TH NOVEMBER 2021 2:34 PM
Thank you, much appreciated, por cierto
The Huns, in whatever putrid reincarnated form, will continue to operate out of Ibrox, facilitated by the SFA and the Celtic board, with its continuity lie.
Might as well be £240m in debt. Won’t change that fact.
HH
Not an accountant, and reading of Sevco accounts as just published
This loss
Would have been £3m higher without the Scottish Goverment loan
&
How much has already been paid out by their insurers for Covid disruption ??
Back to Celtic
Absolutely delighted with last nights result
Although
We should not be closing our eyes, to how poor we were in possession and our passing inthe first half in particular, again leaving huge gaps in our set up, better teams would have exploited
Much better 2nd half, we still have a fair way to go, in my opinion
TIMMY7_NOTED on 5TH NOVEMBER 2021 1:33 PM
not the easiest of subjects and I am sure it pulls on the heart strings
but go here for the information of what to do next.
https://www.celticfc.com/club/celtic-plc-investor-relations/deceased-shareholders/
NORRIEM on 5TH NOVEMBER 2021 2:48 PM
“Would have been £3m higher without the Scottish Goverment loan”
No, the loan wouldn’t appear on the profit and loss, it wouldnt have any effect on the losses
“How much has already been paid out by their insurers for Covid disruption ??”
2 payments of 1.25m so far, they’re expecting more
BIG GEORGES FAN CLUB 12.55
Thanks for that, simply wonderful. I’m away to look out the auld, banjo, bodhran, bongos, and bouzouki to practice that one for the weekend.
Why do people keep saying”We will have to improve”.Do they think Ange is oblivious to this.He has already said signings will come in January.Does no one see the massive improvement already this past few months,considering were we were.Last night we were without Jullien,Star felt,Taylor,Rogic,Forrest.
Just why pick holes in a great win.
We are on the up.
Just how much is that down the drain in the last 10 years.
A right few quid.So many people,so much money lost,don’t you just love it.
https://twitter.com/thekennyscott/status/1456324637311311875?s=24
VG
https://www.celticfc.com/news/2021/november/05/delight-as-greg-taylor-signs-new-/
New deal for Greg Taylor
Their directors have guaranteed the cash flows, it appears there’s no end of business men willing to throw money away…
Their losses are pretty much what most would have expected at around £25 million.
Their revenue is £13 million behind ours – I find this quite surprising when you consider we sell at least 5K more season tickets than them and could have up to 10K more fans at our home games. We’ve a merchandise deal that completely blows them out of the water and sponsorship deals described as record breaking.
The huns bridge this gap to some degree by fleecing their support. MyGers and 4 kits etc
I’m not saying Celtic should rip us off but I don’t know why we don’t have a membership scheme as is common place among EPL Clubs. A modest fee for various benefits.
We’ve thousands of fans that can’t make the games and want to support the club financially. We should at least be looking into this.
How about a Flag Day to help our Govan freens. Naw, didn’t think so
KINGLuBO
Big Georges Fanclub @ 2.29
Thanks for that fantastic video.
Por Cierto
I believe there is/was a VAT deferral provision during lockdown/furlough. Not sure when it ends or even if it has ended already, but the moolah has to be paid regardless. Deferral does not mean written-off…
HH
Pleased with result, and the performance was satisfactory if not outstanding. Thought CCV lost possession unnecessarily a few times when normally he would have blootered it out, but he may have been a little discomfited by his partner Starfelt being out injured. Nevertheless, Walsh did OK and demonstrated that we have decent cover there. Also thought Scales did well in his cameo when replacing Welsh – he was not afraid to get stuck in and share his views to teammates…
G-Mac too did a job by holding the ball up and drawing fouls in the right areas and at the right time. Well done Celtic.
HH
one must remember that most of that £23.5 mill will have went on referee ‘s wages.
SUPERSUTTON on 5TH NOVEMBER 2021 12:56 PM
Thanks for that…..saved me the effort of posting pretty much the same views.
GARNGAD TO CROY on 5TH NOVEMBER 2021 2:28 PM
Excellent result and performance, I thought the much-maligned (by me) Greek striker did a great job when he came on and ensured we saw out the game. Where’s the inaugural Europa conference final this season? 😊
__________________________________________________________________________________
Tirana, Albania so their President (the big Tim) can present CalMac with the trophy and declare a national holiday there too!
unusual – caption says Jimmy Delaney and Elgin,
https://pbs.twimg.com/media/FCPUGPzXEAA7au2?format=jpg&name=small
AN DUN
I’m not saying Celtic should rip us off but I don’t know why we don’t have a membership scheme as is common place among EPL Clubs. A modest fee for various benefits.
Great idea.
Except, rhe moment Celtic introduce such a scheme, CQN and the whole of Celtic cyberspace would be awash with accusations of Celtic ripping off its fanbase to line their own pockets.
Nothing surer.
Big WAVY,
Agree, some form of the huns will inhab Grayskull.
Turkeybhoy,
Agree, let’s enjoy a thoroughly enjoyable game and a great win away in Europe ( I remember we couldn’t buy an away win in Europe)
An Dun,
Agree, there is opportunity that we are missing out on. The Celtic family no matter where they Hail from should be lauded and made to feel inclusive. We have z world wide fan base, let’s incentivise them.
PS ; Anyone going to NY should be aware that the New York CSC has a new home :- St Pats bar and Grill. Times Square.
HH.
Big Moussa might be miffed about your 20 year composure comment…He was composure personified.
As for Sevco and their losses…
The fact they are still here…tells you all you need to know about this bigoted wee country and our shameful Board.
Saint Stivs on 5th November 2021 2:59 pm
Thanks just what I needed they got back to me almost immediately very much appreciated.
BIG GEORGE
Latinos sure have soul.
Enjoyed the read back, it’s been a long time since I could say that.
Obviously there is a lot at stake for this year’s Championship but the difference between first & 2nd place is not 40 million,
This Year it’ 15.64 million Euros for qualification to Group Stages, after that it depends on Results, 2.8 Million euros for a win, 930,000 euros for a draw. Obviously there is TV money as well.
However say the Huns did win the SPFL and got hammered in Group Stages and we had a decent run in the Europa the overall benefit to them Financially compared to us wouldn’t be within an Asses Roar of 40 Million.
So in conclus
Watching the game again some of the passing moves are brilliant. Hopefully we can buy a second Kyogo in January.
Back of a fag packet calculation
Since Sevco formed they have lost over £1,200 for every single hour of their existence. 24 hours a day 365 days a year for 9 years…
yorkbhoy on 5th November 2021 4:34 pm
WOW, I’m stealing that for the pub on Sunday.