Celtic are an astonishing 1/200 to win the Premiership this season; 11 games into a 38 game competition. 1/200 isn’t betting odds, it’s a borrowing strategy. The bookies are borrowing money at 0.5% for six months, an annual rate of 1%. Try borrowing at better rates than that.
Investors get a 1% tax free savings rate, which is also competitive, although they don’t get access to their money for six months without significant penalty. If borrowing rates were higher, returns offered on Celtic would improve to attract more investors. The Scottish Premiership has jumped from being a sporting event to being an investment opportunity less volatile than gold or property.
The 10 point gap between Celtic and second placed Aberdeen is the same 10 points as between Aberdeen and bottom club Ross County. We are metaphorically in a different league than even our closest challengers.
Question is, how did Celtic become the Bank of England of football? It’s not just because they are financially responsible with appropriate oversights, this helps. More importantly, they have used their financial strength to fortify the competitive product on the park. Others have been in similar situations in previous decades without the oversight, which led to enormously entertaining failure.
It might look like Brendan Rodgers has achieved alchemy over a sleeping dinosaur, but he’s only part of the story, albeit an important part. Much of the groundwork was in place when he arrived. Nine of those who started the League Cup semi-final were at the club last season, they were just not nearly as effective.
Brendan’s building on rock solid foundations. That’s what you need to build generations of domination.
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I hope ol BRTH comes along and provides his view on the PLC model that now exists as a result of the McCann takeover, not in the sense of criticising McCann, but more on how in the manner it has unfolded it has disempowered the support from having a say in the formulation and direction of Club policies.
The share distribution provides walls to hide behind and means the only person/s that Celtic are accountable to is the majority shareholder or groups thereof, whose main interest is the commercial and financial aspect of running a business. (and good they are at it too).
However even when a cause is just and fair, small shareholders have no say whatsoever on matters they feel strongly about, particularly if they are coming from an ethical perspective.
It is ethics that allow Celtic to claim to be more than a club. Supporters can certainly claim to be more than supporters but next week at the AGM Celtic the Club can demonstrate it too is “more than a club” by at the very least stating their position on Res12 from the 2013 AGM.
They owe that to those who thought the matter important to place Resolution 12 no matter how small their shareholding.
THEGREENMAN
WTF?
No Fergus,no Celtic. We are now twenty-odd years down the line. A well-run club-wi hiccoughs along the way-and well on our way to ten.
What more do you want?
Btw,Fergus didn’t take a penny out of Celtic. Not even as a wage in his five years.
His profit was from the value of his shares in the club. So the club lost nothing when he left.
Green man lol Tory indeed lol
Right. Enjoy Celtic
:-)
HH
BMCUWP
Or you could say…No supporters, No Celtic.
Supporters are the financial power behind Celtic, always have been.
Never mind Fergus, what about the people on the blog who have followed the bhoys all their lives, you and me included.
It wasnt the financial wizardry of Fergus that saved Celtic….imo, it was the supporters.
Anyway….Big Bird or Barney?:)
HH
TGM,
Hate to disillusion you, but Fergus never took one thin dime out of Celtic.
He sold his shares to others.
He took money from others, not Celtic.
But hey, don’t let that change your world view.
I was lucky enough to meet Fergus last year,with the prawn sandwich section,I thanked him for what he had done for Celtic.He was a very personable wee guy,friendly and very chatty.He was worth every last thin dime IMO.
Thom The Tim
And of course…what you have just written, is your view also.
But id like to see the details of the finances.
So, what you are telling me, is that Fergus didnt make any money on his investment?
I find that hard to believe.
HH
So nine of the eleven on Saturday where in last seasons squad.
Of course Sinclair and Dembele are a huge upgrade and others have benefitted playing with a better calibre of team mate.
The system we played last year was similar but the difference between then and now is implementation.
The coaches last year did not possess the skill or knowhow to translate their vision into a working application.
Last year the spacing and purposeful movement was poor.
This year it’s the exact opposite.
Individuals now have the confidence to pass and move into space knowing the gap left is covered.
An understanding of what the coach wants is making it easier for players and their confidence is growing .
The man management is also better and the choice of CMcG on Saturday after his midweek miss was a great example.
Brendan has done an excellent job in all areas of the club and with an exciting batch of young talent on the horizon the future is bright.
Hail Hail.
Lol, full circle to the board and the AGM didn’t see that coming phhfftttt! I for one to not and will never be more than a supporter, and to me Celtic are more than a club, to others that’s up to them what they think, but you don’t talk for me when you say Celtic are not more than a club, you bring it up at the meeting, you say you want answers, you make a point of order that the whole media who wouldent print the res12 and lied about it should be ejected out of the AGM they where told interested then , so why are they at your AGM? It’s your meeting, your AGM, you have the floor grab the ring, it only comes around once a year,
Spare me the same old….awe the board have to answer this and that, …..easy wat out, every time, work it out ffs, come up wi something new, it’s gonny be another Groundhog Day AGM .
Bobby M,
Sorry, was typing while you were posting.
Auldheid,
I suppose it was inevitable that the major shareholder would have the greatest influence in any company.
However, prior to the PLC, the shareholding was held by a dynastic, select few.
There are more voices at the AGM now and, in the example of RES 12, persistence led to that voice being heard.
Maybe the initiative in creating a forum with various supporters bodies, heralds a change in how the club interacts with the support.
As you have often preached, confidence and trust has to be built between both parties.
One thing is sure though.
Never in pre Fergus days, would the fans have any influence within the club.
Ah…i get it now.
Maybe this is the Cognitive Dissonance Paul67 keeps going on about.
Where the stark nature of the profit motive is transformed into a generous act of selflessness.
Yeah…it was all out of the goodness of Fergus’s heart.
And if you believe that…you would be as well voting for Big Bird or Barney.
Laters.
I will leave you all to agree amongst yourselves….about everything.
EMERALDBEE\O/ STILL PROUD TO BE AN INTERNET BAMPOT on 8TH NOVEMBER 2016 12:55 PM
ITALIABHOY on 8TH NOVEMBER 2016 1:05 PM
Initially appeal to their better nature advising that if you need to you will complain to the Stewards on and also e-mail JPT at the same time (not the exact same time obviously, as the Wi-Fi is rubbish inside Celtic Park).
I had a similar experience when my Grandson was small. I eventually negotiated a move to a better location and had a much better experience. Pursue that if you don’t get any satisfaction from the numpties.
KTF
The Green Man and Them The Tim
Was a combination of Fergus and the fantastic supporters who saved Celtic.
Also John Keane who deposited his own money at the bank with no guarantees to buy time..
Good post by Sandman earlier. God bless Fergus indeed.
There is much to rejoice about in being a Celtic supporter atm.
Quality football, dominance domestically and competitive internationally.
Mr Lawwell said a few years ago that we are a stand alone club. Maybe we didn’t fully understand his meaning of this at the time. Maybe We were all too wrapped up in Old Firmism( not wishing to be part of it) and did not fully understand the financial position Celtic had gained regardless of oldco or sevco rangers.
Fergus said in his recent interview that Scottish football was wrong to allow the new sevco to start life in the lower leagues. To him it was an anathema that we forgo the millions of bigot pounds available from the gullibillies.
I do not agree. Whatever part of them etc. I do not wish to be tainted by association with them. But I am an individual.
The Celtic board however have, I believe, a duty of care to it’s shareholders first and to a much lesser degree to it’s support thereafter.
In their world it makes absolutely no sense to deny our club the millions of bigot pounds the deluded Sevconians willingly serve up to witness their pitiful third rate rejects struggle against this dominant Celtic. It is a risk free profit making business. Gives us your £49, bend over and get royally rogered every few months. Next.
Celtic are in such a dominant position, we, the support, must enjoy this time. Whatever your view on Dermot or Lawwell or Fergus, they have provided this platform and deserve credit.
This is a great time to be a Celtic supporter. Before and after Jock, times were grim. The ebt asterix years were awful. I’m fortunate enough to have lived the original, one, true, nine in a row. (We bit of retro catachism). Now is our time again.
One last wee point. Rangers were our major rivals, historically. Sevco wish to assume that position. I do believe that some sort of outfit will play from Govan, wear blue, be supported by hordes of dimwitted dullards singing sectarian songs, and a minority of reasonable fans and call themselves Rangers.
They are not our rivals, they have yet to do anything on the park to make them such. They are a 4 year old club that has never won a major trophy. They crave our acceptance.
I understand why our board take the bigot pound with impunity. It is their job to maximise profit.
I don’t like it as it as, to me, it allows the deluded denizens of Sevconia an undeserved level of importance, they have never earned nor deserved.
But I’m a Celtic supporter, not a member of the board.
Eurochamps67
TryingtopickfiveoutofsomanysuperceltsisanimpossibletaskCSC
The way that Fergus ran Celtic, the structures he put in place, and the legacy he left shows that he didn’t see Celtic only as a business opportunity. He left behind a sustainable business and a football club that was competitive with our nearest competitors who were spending other people’s money to maintain their lead.
His vision for Celtic was far more long sighted than anyone could have imagined at the time, a grown up business that could wash its own face despite all the pressures that we faced and still face. You only have to look at Blackburn Rovers and Wolves, or a pre abramovic Chelsea or Leeds United to see what a more “heroic” model can lead to.
This didn’t happen by accident. The fact he made some money out of the whole thing doesn’t mean he didn’t do what he did without some serious thought for the welfare of the club and its supporters after he left. It needn’t be one thing or the other
I could have said if he really saw us as a way of making a quick buck he could have done what green and whyte did, but that would have been too easy
Afternoon champions…..
It is snawing doon here in North Hessen….Bullerjan on full ….Veltins cool….
My wee bro named his son Fergus….he is a walking, singing, card carrying Celtic fan…with an encyclopedic knowledge of the Celts….
An awfy braw wee lad…
Braw
The Green Man says SACK THE Board on 8th November 2016 2:05 pm
Firstly, Barney is the obvious choice – he would eat Big Bird and stroll to the finish line.
Secondly, you’re talking pish, IMHO, of course. Fergus McCann made his money by selling his shares. The value of those increased so much because of the good job he had in rescuing the club. Incidentally, those Celtic fans who invested have also made a profit I believe, possibly even (proportionately) as much as Wee Fergus did.
Thirdly, in modern football fans aren’t the financial force behind any club, including Celtic. Celtic will make more profit from participation in the ECL than they will from the fans this season; that will probably be close to 50% of the turnover.
However, I won’t disagree with you that it was overt capitalism that mad him his money BUT he was the right man for the gig!
KTF
Thanks ghuys for your various inputs. Much appreciated.
EuroChamps
Boooofffffffttttttt CSC
More good work from the Celtic Foundation: http://www.scotsman.com/news/celtic-stars-celebrate-project-to-get-adults-back-to-work-1-4281413
KTF
Going for the 55
BSR-VG
EmeraldBee\o/ still proud to be an internet bampot on 8th November 2016 2:44 pm
Thanks ghuys for your various inputs. Much appreciated.
**********************************************
I suggest you pop into the Pound Shop.
Wee pot of virtually undetectable super-glue should sort the problem.
Hail hail
Matt
TD67
So you are saying The Board aren’t answerable to shareholders?
I doubt the Board themselves subscribe to that view but as you say you are entitled to your opinion.
Informed or otherwise.
CELTIC40ME on 8TH NOVEMBER 2016 2:34 PM
‘The way that Fergus ran Celtic, the structures he put in place, and the legacy he left shows that he didn’t see Celtic only as a business opportunity.’
##
1. It doesn’t. Just as a matter of logic.
2. No one has suggested that he saw Celtic only as a business opportunity. Only that his primary motivation was to make money. A lot of money. With very little, if any, of it being destined to be wasted by the state in tax.
55oupy…..
Nice wan…..
Braw
An anagram of Fergus is Fu Gers.
Hail Hail
Matt
Euochamps 67,
100 %…How long before one club domination eats into the bigot pound profit model?
Never who knows?
Till Later.
Off to catch my 2 euro flight to Glasgow.
Tom the Tim
UEFA have left it up to Celtic whether or not to pursue Res12.
A statement saying they will or they will not and justifying that stance is what is required by them not only to bring Res12 to a close but build a bit of trust that will totally evaporate in the absence of such a statement.
When the CEO says “trust me” and you do then it is reasonable to expect that trust to be honoured.
Auldheid
It’s over. Tony says so. It’s nout to do with Celtic. Seriously it’s true. :@-))
I wonder if he post from a thin client or a thick client?
MWD
Clogher Celt
Our board will point to the past fours years where we managed without them reasonably well.
It is just good business sense to fleece the gullibillies of their bigot pound, when and where it is possible.
I personally wouldn’t pay £49 to watch us at the Bigotdome. I’d love us to refuse to take tickets until certain conditions, ( that never will be) are met.
The point is, we are viable as a stand alone club under our current business model and are dominant in footballing terms.
HH
Eurochamps67
ERNIE LYNCH on 8th November 2016 3:07 pm
Ernie, you are obviously and intelligent man, but along with that you are, IMHO, probably the most insidious and disingenuous posters on here. You never seem to give an opinion of you own; it seems, to me at least, that you look for fault to contradict small elements of peoples posts/opinions without giving a balance counter-argument.
Firstly, you took one element of a well constructed post (out of context) by CELTIC40ME to make spurious point. In my reading of the original post CELTIC40ME backed up his claim.
Secondly, a few posters on here did assert that Fergus McCann saw the takeover as a purely business opportunity and financial proposition.
It would. IMHO, be more productive for the blog if your contributions were somewhat more than idle sniping.
KTF
AULDHEID on 8TH NOVEMBER 2016 3:17 PM
Tom the Tim
UEFA have left it up to Celtic whether or not to pursue Res12.
A statement saying they will or they will not and justifying that stance is what is required by them not only to bring Res12 to a close but build a bit of trust that will totally evaporate in the absence of such a statement.
When the CEO says “trust me” and you do then it is reasonable to expect that trust to be honoured.
****
Indeed.
The ole CQN Alternative word of the day
Sevconian
A person invariably bald, rough and toothless, can have a tendency towards the violent, always consumed with bigotry and lies and is commonly bereft of fact.
The Sevconian believes Glasgow Rangurs (deceased ) are the same club as Sevco 5088 even though they have been liquidated and are in a Woolworthesque state, i.e. stiff deed, rigor, no more.
Charles “Chortles” Green who was briefly on the marble stairs to line his pockets with Bilsters season ticket money was pandering to the crowd by acting like a ‘Sevconian ‘
The title was established on 12th July 2012 and this was the name of the company that ‘bought’ Rangurs liquidated and unpadlocked assets………………The Sevco 5088
Things you’ll hear Sevconians say at a bus stop in August
‘Awe right big man…………………… think we’ll dae 55 “
Things you’ll hear others say about Sevconians
“ Wish that ole Sevconian would take his head out his a*** and see that they are a new club with no history.”
VFR800@GIRFUY.CO.UK
Careful, careful……….all the toys will get thrown out the bath………
Serious question guys… There’s a guy that sits behind me in thè ns lower that’s a right pain in the @r53 telling me and my mate to sit down all the time, it’s like he doesny want to support the Celtic! I mean wtf!
Is there anything I can do to get him moved somewhere there’s less excitement and fans rarely get out their seat… across the city perhaps?
;-)
Folks, I’m off on holiday next week and will miss the Kilmarnock match. Anyone want my ST ? It’s in the North stand lower.