The Times today report that Uefa will shortly announce Financial Fair Play (FFP) sanctions against Paris St-Germain, Barcelona, Inter Milan, Roma and Juventus. Newco’s remarkable Europa League run, and subsequent player sales, will provide a stay of execution. They could even announce the first operational profit in their history when accounts are published.
With football on the ropes for two years, Uefa loosened FFP regulations and announced the system would be reviewed. Going forward, clubs will be limited in what proportion of turnover they can spend on football operations, which is a decent proxy for a sustainable business model.
Taking on PSG, Barcelona, Inter, Roma and Juventus would be a huge stake in the ground for Uefa and a win for fans of well-run clubs, who want to see the end of debt-fuelled speculative gambling in the game. Celtic fans know more than most what it is like competing with a death wish club, intent on driving off the cliff edge, if it wins football games. For us, it was divisive, as some wanted Celtic to compete in the spending stakes; it also cost us trophies and access to European competition.
Newco show no signs of having learned lessons from the demise of Oldco Rangers. Although Celtic were a shambles in season 2020-21, it took cumulative losses approaching £100m to stop our title run. Strong financial regulation is on the side of the good guys.
I expect we will touch on this again before the week is out.
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TAURANGABHOY
Great response but alas, Ernie wouldn’t understand any of that.
dearie me, who cares, never mind
ernie lynch
“Six million people in England are “entitled” to an English passport.”
Is it just me ?
The Celtic site to buy CL package is very difficult to navigate very user unfriendly
It’s already timed out on me once this morning.
HH.
Or to paraphrase, your a wee fearty Ernie. Grow some. Kia Kaha.
Team for Sunday; Joe, JJ, St Moritz, CCV, Greg, Captain, Matt, Reo, Jota, Kyogo, Liel.
Some shifting this summer:
(17) – Julien, Bitton, Henderson, McInroy, Dembele, Afalobi, Connell, Bolingoli, Doohan, Barkas, Scales, Soro, Urohgide, Montgomery, Kenny, Rogic, Hazard.
To go (5) – Ajeti, Johnston, Robertson, Shaw & McCarthy
22 in total and leaving behind a squad to die for.
Bravo….
HH
Haksabanovic will be a versatile attacking replacement. Would like to see another central mid for extreme cover but saying that I like Welsh and want him to have the opportunity to grow. Otherwise we have the best cover for every position than I can remember. Our goals came from everywhere. Ange has built a great squad in short time. Bring n the CL draw.
Big Wavy @ 10:44.
Really good stuff. Respect.
When you see a summary of the info starkly presented as you have …
… It shows how effective our club’s squad management repair has been in just 2 windows.
Suggestive, to me at least, of an organisation successfully getting to grips with a key fundamental.
Bodes well.
SAINT STIVS on 24TH AUGUST 2022 10:29 AM
dearie me, who cares, never mind
—————-
Scottish version of Smells Like Teen Spirit verses?😎
B2B,
Agreed fella. A team identity, led by a guy with an eye for a good fit, a great development path for them and now on the other hand we will reap the rewards of players who will go for an enormous profit down the line (important part of our model) …as well as bringing us a domestic treble and a champions league win this season :)
Great times ahead..
HH
Greenpinata- you on the Home Ticket Scheme ?
!!BADA BING!! on 24TH AUGUST 2022 11:28 AM
you on the Home Ticket Scheme
———-
No.
I’ll try again, but it seems awkward that you have to click each individual game rather than just one package.
By the time I did that then received a text code from the card company it had timed out.
I’ll get there and thanks
Greenpinata- seen a few having issues getting them..
bigrailroadblues
Know a few folks over the years from Scots, Irish and American backgrounds that share the Sweeney clan background. One in particular, who is Irish, has spent a lot of time researching the Scottish roots of the name, Mac version etc. Interesting thing though, although we have Loch Sween, Castle Sween etc, the origins, at least in part, may well be West of Scotland Viking, as sven or something on those lines. Plausible.
TAURANGABHOY on 24TH AUGUST 2022 10:32 AM
Or to paraphrase, your a wee fearty Ernie. Grow some.
####
Are you aware of the Dunning-Kruger effect?
Here’s Wikipedia’s summation
‘The Dunning–Kruger effect is a cognitive bias[2] whereby people with low ability, expertise, or experience regarding a certain type of a task or area of knowledge tend to overestimate their ability or knowledge.’
Just sayin’.
new article posted.
If you don’t live in Scotland,you are not allowed to comment on it.For so it is written.
Ernie;Chapters 3 Verse 5.
On this blog,it’s only Ernie with his huge cranium,stuffed with knowledge,that can pontificate on any given subject,on any day.
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