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. Regarding Sevco survival it’s all down to cash. If you run out of cash it doesn’t matter a jot what your debt or Ebit is. They are surviving on soft loans. I expect a league cup semi final to help keep them going until Christmas.

     

     

    King is not going to put anything in. South Africa is a trapped cash country and to get money out you need government approval— which would be a serious issue for King. I am currently typing this note from a sunny Joburg having come down last night.

     

     

    Warbuton is on borrowed time. The Willie Vass picture gallery shows that Traynor has been cuddling up to Smith in the Ibrox directors box at recent games. They are worried.

     

     

    I mentioned a couple of weeks back that John Greig and my Neighbour were in a huddle after the Killie result. Greig even waved me on as Idrove out of my non heated driveway. Ironically I bumped into my neighbour before I left for Joburg and we talked about the game. Men against boys was his opening statement —we had a diplomatic exchange ( his brother is a fanatical Celtic fan ).

     

     

    Anyways I mentioned to him that I was on my way to Joburg and might be sitting beside GASL again ( as per way back for SC semi ). His exact words were ” put the head in him for me” The intelligent bears have given up on GASL —and as he opened up seriously questioned Warbutton. Another couple of defeats and he will be out was the view.

     

     

    They are preparing a plan B without the Magic Hat —-but they are stuck with GASL.

  2. BOURNESPICE, Sevco are crap but will probably not be relegated from the premier league, unfortunately. However they are strapped for cash and are effectively surviving by hand to mouth equivalent. So rumours of them taking short term loans from dodgy characters are plausible.

  3. MadMitch on 12th September 2016 3:22 pm

     

     

    Can .. @ 3.11

     

     

    The people involved with the GB either as members or participants do not do their own thing.

     

    ____________________________________________

     

    You are, in fact, wrong. Although most of the chants on Saturday were started by the Capos, there were a number that started elsewhere in the North Curve and carried by the rest of the support including the GB.

     

     

    Of course, you wouldnae hear that from the “comfy” seats. They’re not “free pie seats” as you call them, because the cost of the pies are included in the premium that you (or your host) pays for those seats.

     

     

    FAC the Act

     

     

    KTF

  4. Canamalar it looks like OCD obsession on

    Oh and mad Mitch had a wee look on their web site ?

     

    Oh and I support pyros so I really don’t care about them.

     

    But the rest of your accusations are interesting donnellyesque, levelling accusations without evidence I’m looking forward to reading your links

  5. BMCUW.

     

     

    Anal retentive me thinks Jack Kennedy played One game for the First team .A Diddy Cup game v a wee team.Can’t remember who

  6. Can … @ 3.29

     

     

    You are Dermot Murnaghan dressed up as Bamber Gascoigne and that was your starter for 10 …

     

     

    I rest my case your honour.

     

    No further questions.

  7. Greetings Paul67,

     

     

    My machine’s new Apple EntaglementPro quantum computer has just informed me of your recent timbrations.

     

     

    Thanks to the EPro’s gravitational time dilation censor, which detects the slowing of time around a gravitational body, a huge Kiernan Wave was detected in your timline.

     

     

    As you will not know, Moussacre of 2016 is one of my own personal favourites from the timverse historical files. I remember during some leave watching it for the first time in the company of a Ralston 500 sexbot. As good as the Ralston 500’s are, and they are good, it could not better the smile on this timverse agents face after viewing that marvelous encounter. I rarely envy your quaint timline but this is one of those moments.

     

     

    Incidently, if it were not for the Moussacre of 2016, the Ralston 500’s would never exist as this was the inception point of the TWAT Act (Tims Who Affect Timverse) of 2284, which gave Timlords the power to punish historical acts of antitim behaviour by transportation in time of offenders to a specially designed facility.

     

     

    After much debate and the recent cracking of the NAG Artificial Intelligence coding conflicts by eggheads, timverse opted for a punishment that would enable perpetrators to create a device that would benefit all tims and so the Ralston 500 was born, so to speak.

     

     

    Sadly though, offenders transported through time to Dollgate Robotics will never experience the joys of the Ralston’s as they are the labour force used to create the wonderous inventions.

     

     

    To Infinity & Backwards!

     

     

    rotit j

  8. Canamalar it looks like OCD obsession on

    Mad itch..,

     

    Is that how to escape without an answer or justification of accusations ?

     

    His honour will let the questions stand.

  9. Since when did the GB become the subject of Trip Advisor-esque reviews?

     

     

    There seems a bizarre air of expectancy about their every performance – with following critiques.

     

     

    Bottom line is that the GB added a new dimension to Celtic Park’s atmosphere. A vey welcome one. Very energising focal point for inspiring the team – Neil Lenon will tell you that.

     

     

    Boo-hoo if they don’t tick all your requisite boxes for an upstanding cadre of Celtic supporters.

     

     

    Noticed that recently? The creeping entitlement emerging in disgruntled posts – that the support is not measuring up to their own ‘high’ ideals?

     

     

    Pointed criiticism has been replaced by whining and bleating, easily influenced girning as outside agendas come into play.

     

     

    The sex dolls – didn’t you all realise they were there, skyclad, to represent beauty and joy? – twin pillars of freedom of expression ungoverned by empirical control; the fact they were hooded/gagged and strung up represented the will of the ugliest and darkest parts of our society to control our freedom of expression- the institutions of the ludge and the Huns; the dolls had been censored and disposed of by those who wish to dominate us – it was an environmental art project worthy of at least an honiourable 2nd from the GSA (right, our kid? ;)) )

     

     

    Brought to you by Alternativeinterpretationsjustasgoodasthedementedbollocksyouknee-jerktoCSC

     

     

     

     

    Dave King’s next play – it is taking place right now – the big dragon Ashley is going to be poked with sticks over the coming months to initiate a retort sooner than due process is currently affording. This will be the excuse for the January window remaining closed, Warbo’s departure leaving Davy Weird in charge, the dismissal of Joseph Antony Altar Boy Barton, Kranky and Sendimoffs’ contracts and the eventual Hun collapse as Glibby hightails it for the Savannah. We may have another Valentine’s day masquerade ball.

     

     

    Big Mike will be the End Squirrel, if you will. Expect Stewart Robertson to get his wits about him again and evacuate the Death star by Christmas.

  10. Wee M @ 2.59

     

     

    TFOD2 or 3 or 4 are a going concern as long as those at the top want it to be a going concern.

     

     

    If they want it to be their own little private nest egg they have no chance.

     

     

    They are surrounded by bottom feeders at the moment and nobody of any substance wants to help them out — and as you say the husk is nearly dry.

  11. TOSB

     

     

    There is a lowlife SMSM culture pandering to Sevco with all it’s might, they can hardly concentrate on the soccer can they? ;-)

     

     

    Saturday was the dawning of the inevitable and a humping most of us saw coming, and didn’t want to miss.

     

     

    What right a newly promoted, newly formed club, to visit Celtic Park and escape a mauling from a rampant Rodgers cadre.

     

     

    More than 50,000 Celtic supporters were magnificent, in humour and song, without a semblance of controversy , failed attempts at ‘whataboutery’ are a common theme for the old and the new fixture it seems.

     

     

    God Bless Glasgow Celtic and all who sail in her CSC

  12. Can … @ high dudgeon

     

     

    Blew it oot yer erse ya trumpet.

     

    Away oot n’ play tig wi’ the Wee boys ya walloper.

     

     

    And when your finished — get to know your history.

  13. Canamalar it looks like OCD obsession on

    Just read that shite James Forrest obviously spent the whole day pontificating over, ffs you’d think there was a person on the end of that rope. Frankie Boyle and Jerry Sadowitz regularly hit out with far far worse and hailed as comic genius, this self righteous sanctimonious claptrap is no getting out of hand.

  14. Now I’d much rather talk about the football.

     

     

    I’m not convinced we’ll go 5-4-1 tomorrow, I don’t think we want to concede the midfield. I think a back 4 playing narrow, with the full backs no wider than the 18 yard box can be just as secure. Show their wide players down the line and take the chance that we will deal with the crosses, rather than allow Messi and Neymar to cut inside. Given how well Matthews played at left back, there is an argument that inverted full backs may work better, but that would be a hell of a brave decision by any manager.

     

     

    There may be a temptation to leave Rogic out for Armstrong, but I think we need our best ball players out there. If we can’t keep possession it just keeps coming back with wave after wave of Barca attacks. If BR wants Armstrong’s energy I would leave out Bitton instead, but I doubt that will happen. Roberts had their left back on toast in the Dublin friendly, they’ll be wary of him, I’d definitely have him starting in place of Forrest. Players that can beat their initial 2 or 3 man press give us a chance to keep the ball long enough to get forward. I’d also rather have Gordon in goal but that would be a huge surprise.

     

     

    Being realistic, Barca are capable of handing out spankings to sides much better than us, so if that happens we’ll just have to take it on the chin.

  15. Canamalar it looks like OCD obsession on

    Mad itch,

     

    So that will be a no then, you have zero evidence to back up your claims, you have not looked at the GB website and you never tried to sing a song to block out the noise from the away support.

     

     

    And such a witty repartee you’ve obviously been taking lessons from the best in the business eh

  16. Mad Micth,I’ve asked this before. Is the name anything to do with Mad Mitch, Colonel of the Arygll and Sutherlands during the Aden campaign in the 60s? It would explain a lot.

  17. thomthethim for Oscar OK on

    I noticed a clever tactical ploy by the Sevco defence when they had a goal kick.

     

     

    It was the swift-ish switch of positions between the Innkeeper and the centre half.

     

     

    Twice they did it late in the game.

     

     

    The first led to Senderos’ second yellow and the second, to Mouse’s hatrick goal.

     

     

    A move straight from the Aughinthename training ground.

  18. CANAMALAR IT LOOKS LIKE OCD OBSESSION:

     

     

    You call it whatever you like. If you think using Celtic Park to stage a mock lynching is funny … I feel sorry for you. I really do.

  19. Which doll was Mary and which one was Ella? Or were they Pepsi and Shirley (see Fools and Horses episode). Apart from that I cannot see the purpose of this ‘display’. Has anyone responsible for it come out with an explanation, even if anonymously? It just allowed the SMSM to divert as much attention as possible away from the drubbing of Sevco in their first league game against Celtic.

  20. Tell you what, after that defensive display at the weekend, that’ll teach them for laughing at Efe.

  21. RonB

     

     

    Sevco’s problems although conveniently ignored on a daily basis by the SFA SMSM et all, are that quite simply put they have no money, other than season ticket revenue.

     

     

    We’re told by experts it’s not enough, and we’re happy to go along with that, because the evidence so far backs it up, there even exists a myth that they’ve actually paid more than a nominal fee for a player.

     

     

    The last time I checked you couldn’t create a football club from scratch without any money.

     

     

    Their latest lasting mistake was to go back down ‘the tax evasion route’ by letting a convicted master of avoidance take the helm of their sunken ship.

  22. Team V Alloa next week:

     

    Gordon

     

    Gamboa O`Connell Simunovic Izaguirre

     

    Roberts Christie Henderson Ajer GMS

     

    Ciftci.

     

     

    JJ

     

    JJ I hasten to add that the above is my selection and not a leak from Celtic Park .

  23. Dontbrattbakkinanger on

    ‘The narcissism of small differences (German: der Narzissmus der kleinen Differenzen) is the phenomenon that it is precisely communities with adjoining territories, and that are related to each other in other ways as well, who are engaged in constant feuds and are ridiculing each other because of sensitiveness to these details of differentiation.[1]

     

     

    The term was coined by Sigmund Freud in 1917, based on the earlier work of British anthropologist Ernest Crawley: Crawley, in language which differs only slightly from the current terminology of psychoanalysis, declares that each individual is separated from others by a taboo of personal isolation, this narcissism of minor differences.[2]

     

     

    The term appeared in Civilization and Its Discontents (1929–30) in relation to the application of the inborn aggression in man to ethnic (and other) conflicts, a process still considered by Freud, at that point, as a convenient and relatively harmless satisfaction of the inclination to aggression.[3]

     

     

    For Lacanians, the concept clearly related to the sphere of the Imaginary: the narcissism of small differences, which situates envy as the decisive element in issues that involve narcissistic image.[4]

     

     

    American psychiatrist Glen O. Gabbard has suggested that Freud’s narcissism of small differences provides a framework to understand that in a loving relationship, there can be a need to find, and even exaggerate, differences in order to preserve a feeling of separateness and self.[5]

     

     

    In terms of postmodernity, consumer culture has been seen as predicated on the narcissism of small differences to achieve a superficial sense of one’s own uniqueness, an ersatz sense of otherness which is only a mask for an underlying uniformity and sameness’

     

     

    -lifted from Wiki/EWTB/EWLM.

     

     

    I despair at times, of my fellow ‘supporters’.

     

     

    If that effigy had been strung up with a green and white scarf on the same Offendibles would be frothing at the mouth in their indignation.

  24. Donnellyesque?

     

     

    How’s your res12 cluster…. Going?

     

    You all still fallen out with each other? and singing off different hymn sheets! That’s the word on the street that you’ve hit a wall, just asking in Donnellyesque style, to make your day, seen as you have to bring my name up on something that’s nothing to do with me, I’m also hearing you got your knuckles wrapped?

     

    HH

  25. Luis Enrique when asked if we’ll play 5 defenders tomorrow

     

     

    “They did in the preseason, but they conceded a couple goals. We contemplate all possibilities, they always press after losing the ball, they don’t fall back. We like that about Celtic.”

  26. i'vehadtochangemyname on

    ross county will be well fired up for 3rd place when they play them next sat – the new rangers ‘players’ should show a reaction to the ‘moussacre and get three points – that’ll confuse the hordes ‘

  27. Francis Michael “Frank” Munro (25 October 1947 – 16 August 2011) was a Scottish international footballer who played as a centre back.

     

     

    Munro played for Dundee United and Aberdeen in his native Scotland before moving to Wolverhampton Wanderers in 1968. Here he won a League Cup winners medal while with the club, and played in the first-ever UEFA Cup Final.

     

     

    @ wiki

     

     

    He also lived the dream CSC

  28. DBIA @ 4.00

     

     

    Could you help me out with the last paragraph?

     

    Not sure exactly what you mean?

     

     

    My disapproval of the two dummies stunt is based on the fact that if the roles had been reversed I would not have been happy.

  29. ….and against ICT this week:

     

    Gordon

     

    Lustig Toure Svietchenko Tierney

     

    Bitton

     

    Forrest Brown Rogic Sinclair

     

    Griffiths ( If fully recovered)

     

     

    PlanningaheadCSC

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