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Celtic’s £50m income advantage and overinvestment

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By on CQN BLOG & Comments

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. jude2005 is Neil Lennon \o/ on

    Wee Q

     

     

     

    See the last hat trick that Stevie scored was the score 5 – 1? and we were down 1 nil at hawf time v the huns??

  3. TheLurkinTim on

    Turkeybhoy,

     

     

    I got one of their numbers….. but she was a bit squeeky….so it might have been misheard…. ;-))

     

     

    FTSFA

     

     

    H.H.

  4. The Green Man says SACK THE Board on

    DD

     

     

    See the weans were hitting each other with tumblers and stabbing each other in Watty’s the other day.

     

    Fair cheered me up:)

     

     

    HH

  5. clunks on

    The only thing I can congratulate the huns board is there ability to crisis manage.

     

     

    They very rarely ignore a crisis and nearly always go into deflect mode.

     

     

    Example; They get pumped rotten at the weekend.

     

     

    Solution; take the eyes away from the painful pumping and onto a non story about dummies getting hung. Tag it sectarian etc etc etc.

     

     

    Any negative shit they come out fighting.

     

     

    Wish our board could take a wee leaf out of that.

     

     

    Not the inane ramblings but getting a message out that helps unify the support.

     

     

    I know the huns have a compliant media but we dont even try it seems…….

  8. Delaneys Dunky on

    M McG

     

     

    Shared a doobie wi that magic bro of yours who loves The Smiths as much as me. You will have a bowl of the finest Glasgow Green when we meet.

     

    LA Woman on now for a rave. :)

  9. Margaret McGill on

    BABASONICOS71 on 12th September 2016 11:47 pm

     

     

    Beans Beans the magical fruit

     

    The more you eat the more you toot toot

     

     

    :)

  10. Delaneys Dunky on

    TGM

     

     

    The battle of the UVF V UDA in Partick Rosie is being suppressed by the liars in the SMSM.

     

    Heard the full story today. Hun Scum.

  11. oldtim67 on

    DELANEYS DUNKY.

     

     

    The bhoy jinky was at my house this afternoon and he volunteered to give him a lift into Glasgow but Zbyszek declined saying that he wanted to go into Glasgow earlier and have walk around the City, He will contact youwhen he arrives in Glasgow.

     

     

    I

  12. Chairbhoy on

    OLDTIM67 @ 10:41 PM,

     

     

    Great post…

     

     

    Brendan really has all the credenntials and the way he has equiped himself is first class.

     

     

    I’m actually looking forward to us taking on Barca in the Nou Camp…

     

     

    Hail Hail

  16. The Green Man says SACK THE Board on

    DD

     

     

    A den of iniquity if ever there was one.

     

    Suppressed….but not by the local bhoys:)

     

    Had a few run ins with some of the scum out of there…cowards.

     

    I mean, it wasnt my fault they were all on the road…..and i was driving:)

     

     

    HH

  22. oldtim67 on

    CHAIRBHOY.

     

     

    I only hope that Celtic don’t play like they did about four years ago ,I bought a ticket to sit in the dear seats at Camp Neu only to watch Celtic getting beat 6-1, and I hadn’t any shoulder to cry on.

  24. setting free the bears for Res. 12 & Oscar Knox on

    TheOriginalSadiesBhoy @10:05 pm

     

     

    “SFTB

     

    You don’t actually tell us if you work in mental health and you haven’t really answered my question: Did you google it?”

     

     

    My answer was – “I looked for research in this area and I found instances- not just this one. It is not an unheard of phenomenon but it is not widespread. Anyone working in mental health has to be prepared to look into some strange areas.”

     

     

    Google was not the only method used and you are correct- I did not tell you that I worked in mental health- any info I would be prepared to give on that issue would just be an appeal to authority – I would prefer to let the point speak for itself.

     

     

     

    “Sometimes there’s information that doesn’t need to be actively made available. I would venture that this would be a case in point.”

     

     

    The information is actively available. Posters were already discussing whether this was or was not a possible way to commit suicide. I did not introduce the subject; I attempted to add clarity to it. It is such a sensitive area that people should be informed on what they claim is possible or not possible. I offered the link info to Canamalar and did not hyperlink it in my post. Anyone other than Canamalar who went on to explore it is responsible for their own curiosity. I personally think it is a strange set of values to want to speculate on the subject but not to be informed on it.

  27. spikeysauldman on

    that 18.72 klan group statement about banning us from Ibrox reminds me of Trump’s “I will build a great wall..” quote. No doubt they’ll want us to pay for being banned too !

  31. nally81 on

    SKY BREAKING-

     

     

    Warburton – My players were spooked when they seen the dolls. That is the only reason we didn’t win.

  32. The Green Man says SACK THE Board on

    DD

     

     

    Candy store heaven in these parts.

     

    Picknmix:)

     

    Its this new fangled digital age….Magic so it is, bringing the world to the local areas.

     

    Culture eh, ye canny whack it.

     

     

    HH

  35. Delaneys Dunky on

    TGM

     

     

    They wid rather smoke the brown than green.

     

    Seriously mentally deranged mass of peepul are the huns. Sad.

  36. BABASONICOS71 on

    Wee poser for yeez:

     

    My favourite headed goal was scored in the 2002 World Cup.It was for Mexico against Italy.For technique and execution it’s the best i’ve witnessed.So,without googling,coz ats cheatin n only hunz cheat,what was the scorers name?

  40. TheOriginalSadiesBhoy on

    SETTING FREE THE BEARS FOR RES. 12 & OSCAR KNOX on 13TH SEPTEMBER 2016 12:05 AM

     

    TheOriginalSadiesBhoy @10:05 pm

     

     

     

    “SFTB

     

     

    You don’t actually tell us if you work in mental health and you haven’t really answered my question: Did you google it?”

     

     

     

    My answer was – “I looked for research in this area and I found instances- not just this one. It is not an unheard of phenomenon but it is not widespread. Anyone working in mental health has to be prepared to look into some strange areas.”

     

     

     

    Google was not the only method used and you are correct- I did not tell you that I worked in mental health- any info I would be prepared to give on that issue would just be an appeal to authority – I would prefer to let the point speak for itself.

     

     

     

     

    “Sometimes there’s information that doesn’t need to be actively made available. I would venture that this would be a case in point.”

     

     

     

    The information is actively available. Posters were already discussing whether this was or was not a possible way to commit suicide. I did not introduce the subject; I attempted to add clarity to it. It is such a sensitive area that people should be informed on what they claim is possible or not possible. I offered the link info to Canamalar and did not hyperlink it in my post. Anyone other than Canamalar who went on to explore it is responsible for their own curiosity. I personally think it is a strange set of values to want to speculate on the subject but not to be informed on it.

     

    …………………………….

     

     

    Only one poster followed through to find out if it was possible to do this and then post it on the Blog. If I’d been asked beforehand which poster on CQN would be the most likely to do this, I would have picked you. You’re obviously a smart guy but I don’t think you can hold back from demonstrating it for all to see.

     

     

    I think you are feeling uneasy about having been challenged on this issue. You didn’t want to admit that you googled it. You left it hanging that you did it with the suggestion that you might be someone who works in mental health care because it would be of value to someone in that field to carry out such research. You tried to suggest that it’s information freely available to anyone who wants to find it so you posted the information rather than suppress it.

     

     

    I find it very surprising that you could not hold this one back having satisfied yourself on the possibility that it could be achieved. I don’t need to tell you why it was inappropriate to do so. I believe you are capable of working that out for yourself. I very much doubt if anyone working in mental health care would have done it and I believe you know why. I would like to say more but I don’t want to stray further into a very sensitive area.

     

     

    I think you should know better.

  41. The Green Man says SACK THE Board on

    DD

     

     

    They are stuck in a timewarp.

     

    Fecking morons

     

    Pity they didnt set fire to the s***hole.

     

    Zombie bigot half-wits.

     

    Hopefully next time:)

     

     

    HH

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