I know we are all concerned about the injury crisis affecting central defence, but it is difficult to move the dial here in the short term. Central defence is overwhelmingly about partnerships. You can try to helicopter someone into the team (think Carl Starfelt two years ago) but it seldom provides an immediate return.
If we only have two fit central defenders, Brendan will use the time he has to school them for the immediate challenges. Liam Scales and Gustaf Lagerbielke will be spending a lot of time together this week.
You and I have discussed the need for significantly more wingers than we would have in the squad in earlier times, due to the five substitutes rule. Most managers are reluctant to change defensive or central midfield players, meaning forwards are more commonly swapped out during games.
No surprise then that we are linked with another winger, this time 23-year-old Honduran, Luis Palma, who joined Aris Thessalonica in January 2022. He would be our third new winger this window, with four others still in the first team squad (and that’s not counting Rocco Vata). Surely at least one will move on?
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CHAIRBHOY on 25TH AUGUST 2023 11:17 AM
“Businessmen like DD etc don’t like wildly fluctuating, unpredictable values in corporate terms”
For Celtic thats irrelevant. Our share price won’t be volatile as long as the number of share trades is so low. DD doesnt care about the market cap of Celtic.
Football is a cash business. Its what did for Rangers, its part of whats made life such a struggle for them since the birth of Sevco. Cash in reserve or access to cash. No bank credit, hand to mouth existence, no security.
Look at the Italian clubs. Hugely in debt, awful balance sheets, clubs in desperate need of capital spending, fines and bans because of FFP breaches but none of them have gone bust and they had semi finalists in all the European competitions, and a finalist in tech big cup. All because they can get hold of cash at rates that dont cripple them – the big clubs because they can issue bonds that are attractive to big foreign investors. And thats because the investors know they wont go bust, because they have guaranteed tv cash to keep the clubs afloat.
The Milan clubs are in a terrible state if you look at them solely in terms of their balance sheet. Years of crippling losses, an old crumbling ground, but they were able to face each other in the cl semi finals. All because of cash.
We do not have access to cheap cash, we need to generate our own reserves.
Our cash meant we could deal with the triple hit of covid and signing a bunch of poor players who added nothing to the team and had no resale value and a terrible season. We were able to fund Ange’s rebuild and put together a team that could win the double and treble in two seasons.
Back to Basics GHF
Thanks for the links.
Careful these books may mention the bogeyman or even his son.
Astonishing to see how negative the best 5 decades of Celtic history can make people.
Would hate to be in any trenches with these folks who can blame everyone but come up with zero initiative to solve.
Celtic40me
Fair post. The 2 Milan teams have slightly different situations. One in Much more trouble than the other. Milan are owned by a business which knows what it is doing and has a strategy. Inter are a basket case ego play who have Chinese backers who have many other fires to put out right now. Your basic point is valid. Not sure re tge prognosis though
new article posted.
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BURNLEY78 on 25TH AUGUST 2023 11:58 AM
Yeah, but Milan are very good examples what can for wrong when you run out of cash.
Chinese owners defaulted on a debt and Vulture fund Elliot, famous for screwing over South American countries by buying defaulted government debt gained ownership. They’re owned by an American sports franchise organisation now but it could easily have gone very wrong for them.
Gene,
just because I am really boring I have special interest in the North Westfalia region of Germany sparked by business interests and regular travel to the region.
As part of aquiring a business with properties I had to meet with the Supervisory Board of the part we were buying a share. You wouldnt expect anything less than them being super professional and intelligent, but they were very much a collective, all acting in the best interests of the company.
The business entity structure was really interesting, and succeful, making many of the ordinary shareholders very wealthy at the time of the buy out. But the overall business had to remain as 51% germany owned
With this several of the principal shareholders I found out were also on supervisory boards of football teams, particularly Dortmund, Schalke and Dusseldorf.
So I remain interested in the 51% rulings for german entities, and their football team finances are highly regulated to avoid going into debt or risking the existance of the entity.
file under general interest
St Stivs
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BURNLEY78 @ 11:47 AM,
AN TEARMANN @ 11:49 AM,
CELTIC40ME @ 11:50 AM,
Thanks for the comments, illuminating as ever…
Would love to hear your take on the Dominic McKay exit, thought he was doing a great job
AT, surely the whole point is we could restructure and have more openess and accountability
Our newest Board member looks like a step in the right direction
Ajax has various Boards including a football Board
Why can’t we have the PLC Board and a Football Board it would allow both to concentrate on their remits.
C40me, yes, ensuring financial stability is huge but also investing in our core business.
For me Celtic are a Football Club, first and last.
A PLC can never put that first, emulate our values and make us more than a Club
For me it’s a Thatcherite inconvenience
Hail Hail
Coneybhoy – BRRB is in NYC.
I have done 5 – 1 for manana.
It does not deflect away from fact you can never have enough quality players.
D :)