Deloitte rattled out a quick summary of transfer spend in the window just closed in the richest five European leagues. Clubs in two of the five, the Bundesliga and La Liga, made profits on their transfer activity of £15m and £120m respectively. Serie A’s net spend was £60m and Ligue 1’s was £55m. The English Premier League did not get the hardship memo, net spend there was £560m.
Below these leagues, transfer spend barely registers. Even in England, that £560m net spend is down from the £905m spend in the summer of 2020, a period with empty stadiums, itself a drop on 2019.
It is what Deloitte terms the midmarket, transfers between £10m and £25m, that was most affected. A year ago there were 33 deals in that space, this year there were only 20, remarkably, two of which put money in Celtic’s coffers.
The crisis at La Liga clubs was brewing well before it reached the Camp Nou this year. Real Madrid and Barcelona brought viewers and commercial revenue to the league but that market is in drastic retreat. The Spanish era is over.
Ligue 1’s TV deal collapsed last year, leaving many clubs on the brink. PSG’s impressive transfer moves will shift some floating viewers from Spain to France, but that will hardly shift the dial for most clubs’ finances.
The Bundesliga was the only one of the five to see an increase in gross spend, which they more than offset by selling to the English Premier League – the last functional market in Europe.
There has never been a collapse in transfer spend across Europe like this. Markets below the top tier depend on selling talent upwards; TV, sponsorship and gate money is not enough to pay the bills.
Football will find its level but I expect there will be bargains in January and next summer as the full consequences of where the industry is begin to hit home. Generating the money we did for Ajer, Edouard, as well as Frimpong, could prove significant for years to come.
Of course, if your directors were briefing fans that you “Need to sell players”, but you were not able to do so, I don’t fancy your prospects.
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SEAN THORNTON
Worrying story!
Prayers said for your wife and aunt.
Hope they make a full recovery.
Take care!
Good interview with a Portugese writer on Jota.On Newsnow Celtic.When I say it’s a good interview,some worrying bits.Worth a read.
Just finished second series,of Godfather Of Harlem.Excellent series.Forrest Whittaker,superb.Worth watching if you haven’t.
ERNIE
Has Covid affected your intellect?
===============
I’ll treat that comment with the contempt it deserves.
Another one before I go,Movie,Stillwater,with Matt Damon.Great story,great acting.Lovely breeze,so Pool calls.
Paul writes:
“Markets below the top tier depend on selling talent upwards; TV, sponsorship and gate money is not enough to pay the bills.”
How true, and especially so in the case of Celtic. We are bombarded internally from some in our support and externally by the media about the difference between what we have taken in transfer fees and what we have spent on incoming players. Some ask “why isn’t all the money spent on transfers?”. Well the answer is in the above paragraph.
In the last two days a figure of c£58m sales and c£25m buys (to date), this calendar year was published – leaving a notional ‘profit’ of £33m. What it did not take into account was that our six-month interim loss for July to December 2020 was c£6m – the second-half figures from January to June 2021 are likely to be double that – so all in all possibly a £18m loss for the year.
If that is deducted from the ‘profit’ of £33m, that leaves around £15m to the good.
A quick look at our operating costs over the last few years and a realisation that Covid has had a drastic effect on income over the last two years should again focus minds that, “TV, sponsorship and gate money is not enough to pay the bills.”
We are solvent and in a position to cover any future ‘jolts’, just as we have done during Covid. We are not awash with money that we are refusing to spend.
I can’t explain the Ibrox conundrum, other than to repeat that we don’t have a line of well-heeled supporters, directors, & investors queuing up to pump money in to cover repeated losses in return for ‘confetti shares’. We live within our means and balance the books. Can I also add that there is no advantage/self-interest in anyone at Ibrox pressing the Administration, or, any other, self-destruct button, it is not going to happen – kit is merely wishful-thinking by some among us.
It wasn’t our financial model that resulted in a barren ’20/’21 season – it was the attitude and performance of players hitherto able to deliver trophy after trophy, and of course the improvement in form of the Ibrox team.
Finally, although we have a new manager who is inspiring confidence and we are moving to address the strengthening of the squad, I don’t believe we will be good enough to win the title this season – it may take at least one more.
The Eagle has landed…lecture time.
Who would win in a fight between Hoopy the Huddlehound and Jimmy Bell?
Good afternoon all from Shawlands.
the good name of rangers – lol
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AFTER liaising with Police Scotland regarding a well documented incident on Sunday, Rangers have written to 3 individuals to confirm their indefinite ban from all club fixtures.
We reiterate our Club stance against all forms of discrimination and once again, underline our approach to so-called ‘fans’ who bring the good name of Rangers FC into disrepute.
In the fight, there would be a hoopy the huddlehound end and a Jimmy bellend…
” and once again, underline our approach to so-called ‘fans’ who get caught and bring the good name of Rangers FC into disrepute.”
In other words, if you are going to be racist, try not to get caught.
Celtic did well to sell the players and realise some of their value. It’s very much a different transfer market now so to get that money is significant and a testimony to years of good player trading and the gaining of a reputation for being a source of talent.
The equity in our squad appears mostly to have been cashed in, I don’t see the £20 million sale we make next summer if we don’t make the Cl league. We’ve a few years of player development ahead of us and can only hope the market recovers in the meantime because player trading is central to how we run.
The huns look set to survive on many millions again being put in by directors to finance the loss making business.
I’ve no doubt they’ll do that.
I’ve a lot of doubt regarding UEFA’s appetite to enforce FFP and don’t be expect any bans or reprimands anytime soon.
Win this title and they look to be in very bad shape with little to no money available for squad additions next summer.
A huge title race awaits.
BBCScotland article about thon singing on Sunday has a headline about sectrianism and then (and only then) talks of racism. Pandering to whataboutery is simply second nature to them. Sectarianism, of course, is endemic in Scotland. Racism is everywhere condemned.
Parkheadcumsalford……………….
Agreed, some horrible wee nugget made a deliberate choice of how that story was reported and to use terminology that was inaccurate and to do so ins uch a way that we were associated with the offence.
The headline deflects from the reality, somewhat softens the blow to hundom and allows scotland a comfortable pass on a subject most of the world unites around.
For that to be embedded at the national broadcaster is horrible.
I try to avoid the other networks but the national broadcaster is significant.
JHB on 2ND SEPTEMBER 2021 3:43 PM
…..
They still owe HMRC a wedge of VAT from last year which is due another wedge of transfer fee progress payments which they need to keep up or gave a transfer ban and on and on it continues
they are in the shit with their numbers … no Hun apologists to buy their players at sky high prices … their well heeled businessmen … or mug punter … buying up worthless pieces of paper
This shit fest method of running a business always ends up in one outcome Administrators at the door … it’s just a matter of time …. an unexpected external event is usually the trigger point
The Hun Board are idiots and dead men walking … history will repeat itself …..
They’ll burning through the season ticket money, when that’s done then that’ll be that, por cierto
If the huns are going to ban the bigots 3 at a time , they should be rid of their little problem by the year 3279 .
Someone on the last blog expressed surprise that no Sevco players seemed to, publicly at least, express a desire to try their luck elsewhere. Mere speculation on my part, but just mebbes they are hoping/expecting to win the league, achieve CL Group Stage, and any resultant bonuses promised?
GLENDALYSTONSILS on 2ND SEPTEMBER 2021 4:21 PM
In the year 2525 …
Onehitwondercfc
PHILBHOY
Hi Phil
Good to meet you again last week this is what it says on the box for the pills i’m on for type 2
JARDIANCE 25mg
Empagliflozin
Hope that’s of some use to you.
KEEP THE FAITH
POR CIERTO
We say that every year, and pfft, nothing happens. Methinks they are getting money under the table, from somewhere, possibly Norn Ireland. It defies logic how they stay afloat. Their shares are so numerous, they are worth tiny fractions of one penny each.
SAINT STIVS on 2ND SEPTEMBER 2021 2:20 PM
https://www.dailyrecord.co.uk/news/politics/nicola-sturgeon-furious-tory-msp-24893992
the video. is worth a watch, she is raging and looks on the verge of crying.
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SAINT STIVS interesting to watch the reaction from the chamber to the 1st point (well made), less than half the chamber applaud the point. I know there is a party divide in the chamber but there were a few sleekit people sitting on their hands at the back!
Burnley78☘.
Philbhoy☘.
Tells us everything we knew already
https://twitter.com/BBCchrismclaug/status/1433386550189043721?t=2pZR68L5-oMmeumKqGLTPw&s=07&fbclid=IwAR2AkECXKQIY_r09Pgr4Ar0EaAp8oDzgDeOS3_-N3YCHpNHiKtKpCeL0DjE
Haters got to hate – this has not been awe-nawed.
I had never heard of the 2 teams until yesterday.
the choice of words used, if you can stomach it.
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White Ensign FC announce special Rangers release after stoking Celtic rivalry
2nd September 2021Cameron Willis
Ninth tier English club White Ensign FC are set to release a special Rangers kit after floods of Ibrox supporters began following the club on Twitter.
Named after the famous navy flag of the same name, Rangers fans have also been asked which colour they would prefer the jersey to be between blue and orange.
According to the club’s official Twitter account, the jersey will be worn on away games and in cup games as they celebrate the link-up between the two sides.
This comes after White Ensign’s Twitter account blew up with Rangers followers following a call to arms aimed at the Ibrox club’s supporters.
White Ensign had asked Rangers fans if they liked the club’s crest and colours following Celtic fans teaming up with Catholic United.
Celtic fans flooded the green and white hooped account after they signed Tottenham Hotspur centre-back Cameron Carter-Vickers, who used to play for the club.
Southend-based Catholic United play in the 11th tier of the English game in the Essex Olympian Football League.
Whilst local rivals White Ensign play in two divisions higher in the Essex Senior Football League, it didn’t stop them stoking the rivalry between supporters.
This worked in the club’s favour as Rangers fans drew on their proud military traditions and followed the club in the spirit of rivalry.
The football club also claimed that the reaction of Gers fans on Twitter saw their official Twitter account grow by 5000 supporters overnight.
The White Ensign, at one time called the St George’s Ensign due to the simultaneous existence of a cross-less version of the flag, is an ensign worn on British Royal Navy ships and shore establishments.
It consists of a red St George’s Cross on a white field with the Union Flag in the upper canton.
Rangers fans will now be following the progress of White Ensign FC closely and we’re sure Celtic fans will be doing the same for their Southend representatives.
INIQUITOUSIV on 2ND SEPTEMBER 2021 4:22 PM
Someone on the last blog expressed surprise that no Sevco players seemed to, publicly at least, express a desire to try their luck elsewhere. Mere speculation on my part, but just mebbes they are hoping/expecting to win the league, achieve CL Group Stage, and any resultant bonuses promised?
—-
Possibly although I’d expect a signing on fee to be more than any Ibrox bonuses.
I suspect players know when there’s interest in them, genuine interest.
Ajer, Eddie and our want always knew there was interest.
If a player knows there’s no interest then I don’t see what they have to gain by agitating for a move.
GARNGAD TO CROY on 2ND SEPTEMBER 2021 4:28 PM
agree-ish.
I wonder if some just wanted her to continue her point (indeed well made. Further I wonder how many true blue types there are in the Parliament,
The fact it is getting air-time and talked about, and kind of debated is the breakthrough for me.
Trying to score political points on the subject was just jaw dropping. imho.
Here is a delicious irony for all you nationalist Tory haters on this site. If Scotland ever gains independence you will be living in a country governed by the Tory party.
JHB on 2ND SEPTEMBER 2021 3:43 PM
I’d give up on that Accountancy degree, I don’t think you’re going to make it.
“Finally, although we have a new manager who is inspiring confidence and we are moving to address the strengthening of the squad, I don’t believe we will be good enough to win the title this season – it may take at least one more”
A few weeks ago you had us in a battle for second, more recently in a top 6 finish, all with the backdrop of a debt free Hun with access to 90m extra in CL free money. Who’d have thought things would have changed so quickly.
the big man looks like he will be our penalty taker!
https://youtu.be/BG60dNbuUog
JHB-please don’t stop
!!BADA BING!! on 2ND SEPTEMBER 2021 1:21 PM
Embdae used a reliable provider of pre travel antigen tests recently? Boots very expensive…..
They all are Bada.if poss use CTM as they are only one with NHS links.hope your good
HH
AN DÚN on 2ND SEPTEMBER 2021 4:05 PM
Prior to the pandemic celtic had around 40 million in the bank without champions league group stage income. That is off the back of previous sales and europa league participation.
Celtic dont need to sale anyone to break even. It’s part of the strategy to sell after we have developed younger players not the whole business plan.
I am sure a few younger players will emerge I.e. abada, scales, shaw, label, dawson, montgomary, murray,, robertson etc. but for now a small change has taken place most likely to allow for decent foundations to be built on I.e. peek type players whose impact will be saw on the pitch in the here and now.
Expect a few more mid 20 players in january to bulk up the squad to make us competitive then more focus on younger players thereafter.
HH
Coneybhoy
Headed goals.
For, not against
I’d forgotten what they looked like!
HH jg
https://twitter.com/ibroxrocks/status/1433465569030905856?s=21
One of Sevco’s new media partners ,
STV just reported 2 incidents
the arrest of 3 rangers supporters is described as because of
“anti irish secratianism chanting”
the parliament exchange is referred as
“closed now the MSP has apoligied, no real expalanation of what was being debated.
“
WESTCRAIGS on 2ND SEPTEMBER 2021 5:19 PM
Here is a delicious irony for all you nationalist Tory haters on this site. If Scotland ever gains independence you will be living in a country governed by the Tory party.
——————
How ?