Celtic’s £50m income advantage and overinvestment

994

I’ve seen a bit of chat on where Dave King’s promised overinvestment is, since Celtic humbled his team on Saturday. Let’s be clear, Newco are overinvesting.

Senderos, Barton, Hill, Kranjcar are all earning over £750k, Barton significantly so. They signed a further seven during the transfer window. Running costs are eye-wateringly high for a club without significant income streams from Europe, television or merchandising.

The £30m PR bluster, which the new board used while trying to unseat the Easdales, can now be seen for what it was, but this level of expenditure is pretty much as high as is practically possible without a lunatic Sugar Daddy. In fact, if we were running with similar numbers, I would screaming at you that we need to cut back for fear of insolvency.

Four years ago someone in the game suggested to me the Rangers group of clubs were fatally wounded, despite selling over 30,000 season tickets for the Third Division. The reasoning being that the brand depends on an air of success, and would crumble under sustained, unrelenting, mediocrity.

I’ve been saying for four years, most people haven’t began to realise the far reaching consequence of what happened in 2012. “Getting back” (sic.) isn’t about reaching top flight football, it’s about having the budget to be able to compete with Celtic, who could turnover around £50m more than Newco this season.

Where do you even begin to tackle a problem like that?

No Sugar Daddy will make the multi-season investment required. Insolvency remains a real danger for any club running a deficit in double-digit percentages of its turnover, without robust borrowing in place (or a genuine billionaire acting as backstop, if required).

The non-football costs of running a club at Ibrox and Murray Park (an albatross) are significant and comparable to costs at Celtic Park and Lennoxtown. This leaves income available for football comparable with Hearts, Aberdeen Hibs and Dundee United.

The real conundrum is, do you accept your place and live within your means, or risk insolvency trying to catch Celtic? I don’t think either scenario is a viable option. You can make your own mind up about the viability of the football club.

I’ve not mentioned the toilets on Saturday, which is no more than you expect, but I did expect better than the dummies (which have been shamefully exploited to represent something they were not). Could the Seville experience happen now? Nope. This should concern us all.

SevilleAD

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  1. MACJAY1 FOR NEIL LENNON on 12TH SEPTEMBER 2016 10:42 PM

     

    Ex-Rangers star Weiss wants Celtic to ‘fail’

     

     

     

    Former Rangers winger Vladimir Weiss has written off Celtic’s Champions League chances, admitting he wants to see the club “fail” in Europe because he “doesn’t like them”. The now Al-Gharafa player said: “Celtic are the weakest team in their group and they will find it very difficult to pick up any points. I hope they don’t. I hope Manchester City [another of his former clubs) can win both matches against them. It would be good to see that happen because, if I’m being really honest, I don’t really like them.” (The Sun)

     

     

    ………………………….

     

     

    MACJAY

     

     

    Yes somebody referenced that earlier but didn’t name the wee scrote that said it. I thought it would have been Weiss as I knew he was playing out in that neck of the woods. The point the earlier CQN poster mad was that it was typical that one of the Hun smsm would go out of his way to seek Weiss’s opinion. What did Weiss ever achieve in football?

  2. I hope the donut goes to the Barca game and gets goaded by Barcelona fans in a sorta Scottish Cup semi final kinda way.

     

    Then maybe Celtic can call the CL home next year or is that kind of response only for the OF?

  3. JF,

     

     

    To comment on their faux outrage….is legitimising it…..

     

     

    letitgoCSC

     

     

    FTSFA

     

     

    HH.

  4. The Record –

     

    “A section of the home support have also been heavily criticised after disgusting effigies of hanged fans of the Ibrox outfit were spotted in the stands.”

     

     

    do we know for sure that the dolls were fans of the Ibrox outfit.

     

    they might have been Chelsea fans ?

  5. Enjoying the last cigar of the holiday here. Didn’t enjoy my 5K this morning in suffocating humidity or was it the beer from last night?

     

    more blood letting on here tonight doesn’t lift the end of holiday gloom, however tomorrow the sun will shine again and I may just see a few minutes of our club go toe to toe with Barca tomorrow night before the return flight.

     

    maybe we should all enjoy the good times a bit more? We have enough enemies out there, stand together, do the right things and we will do alright.

     

    That will be all from me till I hopefully land back in Glasgow early on Wednesday morning, all the best.

     

    Hail! Hail!

  6. macjay1 for Neil Lennon on

    THEORIGINALSADIESBHOY on 12TH SEPTEMBER 2016 10:52 PM

     

    The highlight of his career was mimicking Sammi`s penalty miss.

     

    Particularly offensive. As he intended it to be .

     

     

    A phrase from the `50s.

     

     

    Poison Dwarf.

     

     

    :-)

  7. Celticrollercoaster supporting Shay,our bhoy wonder along the way on

    Good Evening folks

     

     

    143 teams entered week 2 of LMS8 including 4 teams that removed their week 1 defeat from their history. Gone!!!! Finito!!! Never happened!

     

     

    So with an easy win out there in the fixtures, only 30 teams decided to pick the home win at Paradise.

     

     

    61 teams were made to sweat, but got there in the end with the Jambos

     

     

    So well done to the following 95 teams that move successfully onto week 3.

     

     

     

    Big Al Celtic

     

    TheLurkinTim Hearts

     

    TheCelt45 Hearts

     

    Lionsroar67 Hearts

     

    Timabhuoy Celtic

     

    Bjmac Celtic

     

    Celtic Rose Hearts

     

    twinbrookbhoy Hearts

     

    Norfolk Enchants Hearts

     

    Hamiltontim Celtic

     

    Mrs GFTB Hearts

     

    Miss dim sam Hearts

     

    CM67 Hearts

     

    AuroraBorealis79 Celtic

     

    Dan Hearts

     

    Danny Mac Hearts

     

    Colour Blind Bhoy Celtic

     

    Moonbeams WD Celtic

     

    Lennybhoy Hearts

     

    The Tim Reaper Hearts

     

    FC Alessia Celtic

     

    Roundstone Cowboys Hearts

     

    stpatricksbhoy Hearts

     

    Tully57 Hearts

     

    Red Den Hearts

     

    Celtic Soul Brother Hearts

     

    vfr800a8 Hearts

     

    Angelgabriel Celtic

     

    Delaney’s Dunky Hearts

     

    Gazolla Hearts

     

    Gearoid1998 Hearts

     

    Channelislandcelt Burn Hull D

     

    Magnificent Seven Celtic

     

    Smashing Milk Bottles Hearts

     

    Tir ar Noo Hearts

     

    gordybhoy64 Hearts

     

    Fleagle1888 Hearts

     

    Bigshuggy Hearts

     

    Janice67 Hearts

     

    Jungle Jim Hot Smoked Hearts

     

    josiebee Celtic

     

    Winealley Warriors Celtic

     

    Realnineinarow Hearts

     

    GreenLion2 Celtic

     

    Sipsini Celtic

     

    Doc Celtic

     

    jippys bhoys Hearts

     

    TravelBhoy Hearts

     

    The Exiled Tim Hearts

     

    Elharto Hearts

     

    elhartos reserves Hearts

     

    Winning Captains Jnr Celtic

     

    LiamInToronto Hearts

     

    LukesGoodCeltic Hearts

     

    Everey Day’s A Scoolday Hearts

     

    Celticrollercoaster 2 Celtic

     

    Greenpinata Celtic

     

    Paddy McCourt CSC Hearts

     

    Bada Bing Hearts

     

    Lee Wallace Snitchy McSnitch. Celtic

     

    QOTSA75 Celtic

     

    Marty Hearts

     

    Martybhoy59 Hearts

     

    EKs Holy Goalie Celtic

     

    Hanheart Hearts

     

    MikeinToronto Hearts

     

    embramike Hearts

     

    Cowiebhoy Hearts

     

    bognorbhoy Hearts

     

    Cosy Corner Bhoy Celtic

     

    Paddybhoy1888 Hearts

     

    Patrick27 Hearts

     

    Saltires en Sevilla Hearts

     

    Mouldy67C St Johnstone

     

    Big Archie Celtic

     

    The Lurker Celtic

     

    GG Hearts

     

    Koln Celt Hearts

     

    Inchture bhoy Hearts

     

    Stephen Black Celtic

     

    Blantyretim Hearts

     

    Saint Stivs Celtic

     

    Murdochaulandhay Celtic

     

    Stevie67 Hearts

     

    Stoogebhoy Hearts

     

    Bhoing Bhoing Hearts

     

    HunderbirdsAreGone Hearts

     

    Stevie H Hearts

     

    Graffitionthewall Celtic

     

    Jimmynotpaul Hearts

     

    Setting Free The Bears Celtic

     

    Vmhan Celtic

     

    Wee Viv Hearts

     

    Deccyrollercoaster Everton

     

    HenriksHaircut Everton

     

     

     

     

    And we say ( a temporary goodbye?) to the following 48 teams, who are busy studying their history to see if it can be re-invented :-)

     

     

     

    Bigger Chas Aberdeen

     

    Biggest Mac Chelsea

     

    AndyF Aberdeen

     

    Thoms Sellick Chelsea

     

    Whitedoghunch Aberdeen

     

    Wilson wonders Chelsea

     

    CiaranF Chelsea

     

    The Token Tim Dundee

     

    dessybhoy Chelsea

     

    DougC Aberdeen

     

    Jeez_I_Thought_Blinker_was_pants Ross Co

     

    Dennistoun Dhark Aberdeen

     

    gerryfaethebrig Chelsea

     

    Onemalloy Aberdeen

     

    Zico Maltese Bhoy Aberdeen

     

    Scottys Toon Army Ross Co

     

    kelvinbhoy Aberdeen

     

    jamabhoy Aberdeen

     

    Cathedral View Aberdeen

     

    The Mentalpause Ross co

     

    JT-Ghirl67 Chelsea

     

    Mrs Martybhoy59 Aberdeen

     

    Jimbob71 Chelsea

     

    Jobo Baldie Aberdeen

     

    Fess19 Aberdeen

     

    praecepta2ndIX Aberdeen

     

    praecepta Ross Co

     

    Mrs CRC Chelsea

     

    Celticrollercoaster Aberdeen

     

    Letterkenny Bhoy Aberdeen

     

    BMCUWP Dundee

     

    Ndoc Chelsea

     

    A Source Said Aberdeen

     

    The Young Fella Aberdeen

     

    Celtic Cutiepie & Catalpa Dundee

     

    20 hats Aberdeen

     

    Black Cat Chelsea

     

    Hutchybhoy Aberdeen

     

    londonbhoy88 Failed to select

     

    Mouldy67B Dundee

     

    Mouldy67A Inverness

     

    Paolos Boots Chelsea

     

    dim sam Aberdeen

     

    Sheilas Sharpshooters Aberdeen

     

    StevieBhoy Chelsea

     

    Stephbhoy Aberdeen

     

    pogmathonyahun Chelsea

     

    Rantic Aberdeen

     

     

     

     

    The buy-back facility is now open again for business, although we already been visited by some early shoppers :-)

     

     

     

    Good luck in week 3

     

     

    HH

     

     

    CRC and Jobo

  8. jude2005 is Neil Lennon \o/ on

    Even Keevins took time tonight to mention it was unwise for sevco to have their picture taken with a flute band.

  9. THIRDS63 on 12TH SEPTEMBER 2016 10:47 PM

     

    Dear Vlad….the sentiment is entirely mutual!!!!!

     

     

     

    T63

     

     

    Not very nice.The boy has Asthma.

     

    He was known in the Hun dressing room as “Vlad The Inhaler”

  10. NEGANON2:

     

     

    Lost any and all respect for your opinion considering the tenor and the tone of what you’ve posted tonight, and I’m talking about in response to me.

     

     

    Your “fighting talk” is pitiful from a keyboard warrior.

     

     

    See, I do this thing full time. I walk around in a city where half the people who live here would have me swinging from the rafters if they thought they could get away with it, and I do all of it under my own name. I don’t hide behind a fake one, like you, spouting fake bullshit, like you.

     

     

    You call me whatever you like. You talk about “fighting or dying” as you want.

     

     

    Those comments are contemptible. You call me an appeaser as you please … but don’t ever forget that I put it out there EVERY SINGLE DAY, unlike you.

  11. coffins death gloomy past Scottish calvinistic sanctimonious ok

     

    dolls sex life future vibrant fun sanctimonious not ok

  12. Jude

     

     

    A flute band that were there to praise a murderer of an innocent Catholic, in a parade later. Hun Scum banner was appropriate in my eyes on Saturday.

     

    My Godson tells me to back Ross County on Saturday. A minimum of 9 Celtic supporters will be led by a fenian fae Dumbarton Rock in their team.

  13. macjay1 for Neil Lennon on

    TURKEYBHOY on 12TH SEPTEMBER 2016 11:09 PM

     

    THIRDS63 on 12TH SEPTEMBER 2016 10:47 PM

     

     

    Dear Vlad….the sentiment is entirely mutual!!!!!

     

     

     

     

    T63

     

     

     

    Not very nice.The boy has Asthma.

     

     

    ===================================================

     

     

    So did Hitler.

  14. Sorry, that should read “and I’m NOT talking about in response to me.”

     

     

    Think of me what you like, but statements about getting stabbed or punched and fighting and dying?

     

     

    No sense of perspective or social responsibility AT ALL with those comments.

     

     

    And you accuse ME of being “hunnish.”

     

     

    Take a look in the mirror. I’m not the one talking like a two-bob Che Guevera.

     

     

    Utter shite son. Utter shite.

  15. macjay1 for Neil Lennon on 12th September 2016 11:19 pm

     

    Yes but did Vladimir Weiss invade the Soviet Union?

  16. Sky acting as The Rangers T.V here. Obviously didn’t hear any of their sectarian repertoire or see any of the You tube footage of toilets being wrecked. Thank feck for boxes or you would be paying for this pish.

     

    Wonder how many of the Scottish press will be supporting their national champions against Barca tomorrow night????

     

    Embramike thanks for the Hen1rik link @9.34 exposing their hunguffery.

     

    HH

     

     

    Plus ca change.

  17. MACJAY1 FOR NEIL LENNON on 12TH SEPTEMBER 2016 11:19 PM

     

    TURKEYBHOY on 12TH SEPTEMBER 2016 11:09 PM

     

     

    THIRDS63 on 12TH SEPTEMBER 2016 10:47 PM

     

     

    You missed the punchline.

     

    As such.

  18. MMcG

     

     

    Happy Birthday young yin.

     

    Listening to Morrisson Hotel wi a doobie or 2 in your honour tonight.

     

    HH

  19. macjay1 for Neil Lennon on

    TURKEYBHOY on 12TH SEPTEMBER 2016 11:23 PM

     

     

    Yep.

     

     

    But including the punchline would have detracted from mine.

  20. James Forrest

     

    Neganon never said any such thing. Go back and read it. He was commenting metaphorically to Delaney on standing up to the hun supporting culture in Scotland. A man of your literally abilities should interpret that way. I did. Maybe Im wrong.

  21. macjay1 for Neil Lennon on

    MARGARET MCGILL on 12TH SEPTEMBER 2016 11:21 PM

     

    macjay1 for Neil Lennon on 12th September 2016 11:19 pm

     

     

    Yes but did Vladimir Weiss invade the Soviet Union?

     

     

    =========================================================

     

     

    From his first name , it sounds as if his old man invaded Austria.

  22. The faux hun outrage is alost as entertaining as watching their shite team getting gubbed at the weekend. Blow up dolls. Whatever next?…

  23. Delaneys Dunky on 12th September 2016 11:23 pm

     

     

    I love you!

     

    Metaphorically speaking of course!

     

    Not in a sort of plastic doll kinda way.

     

    Anyway I never met a phor I didnt like.:)

  24. OLDTIM67 on 12TH SEPTEMBER 2016 10:41 PM

     

    Paul67 etal.

     

     

     

    I started supporting Celtic in 1953 and luckily enough Celtic won the League Championship that year but they got a bit grim to watch until 1957,when we won the League Cup that year,Can you remember that game,then a bit of a famine for Celtic Supporters until Big Jock returned as Manager in 1965.Then the glory days began,the start of nine in a row and in 1967 the Game of the Century The European Cup,the ultimate trophy that we have ever won.

     

     

     

    Back to 1965 when Jock returned,I could feel it in my bones that Celtic were on the cusp of something great,I felt it in my bones,just as this year I have that same feeling that I had in 1965, when Brendan Rodgers signed on as Manager this season,I feel that we will go through this season with a clean sheet unbeaten in Scotland (Well there isn’t a Dundee United to stop us This season) and I think we can take some points off our three opponents in the Champions League,so I think I better start thinking about the last 16 games after the New Year and maybe on to the final in Wales.

     

    = = = = = = = = = =

     

    Most enjoyable read on the blog today.Not sure if I read it or dreamt it.Amazing post.And exactly what CQN required.

     

    HAIL! HAIL! fhella.

  25. The Green Man says SACK THE Board on

    Faux Hun outrage should have their own series.

     

    Be hilarious…Like Hitler getting upset because somebody called him a Hun:)

     

    No-one likes them, they dont care….helpful of them:)

     

     

    HH

  26. Right off to my leaba.

     

    Maggie Breithla Shona ya little rascal.

     

    Edb and Jnp hope test results go well. Tends to put some of the spats on here into perspective. Keep on keeping on.

     

    HH and Up the hoooops

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