I see some confusion online regarding the submission of football club accounts. All clubs have to submit annual accounts to Companies House. In addition, Celtic issue interim accounts to shareholders and publish them online. Newco’s annual statement for the year to 30 June 2022 was submitted in December (they made a small loss). They are not obliged to submit interim accounts and commercial sensitivity reasons are good enough to inhibit publication.
Douglas Park stepped down as Newco chairman yesterday, making way for his deputy, John Bennett. Newco have been dependent on shareholder support since their inception. They gave the impression of surviving hand-to-mouth om 2021, a year which saw 11 share allotments – almost but not quite one per payroll run.
A successful run in Europe last year, coupled by Champions League group stage qualification and upwards of £30m earned in transfer fees, reduced the number of times the club had to go to the shareholder well to just twice. Despite that boost in income, 2023 has already seen two share allotments. I expect more to follow – if they can find a shareholder ‘clever’ enough.
Share issues can keep the lights on, but Uefa’s Financial Stability Regulations means there are limits on how much of this money can be used for football purposes. Newco have reached those limits and must now live within their means or forgo European income. Even an actual ‘billionaire’ new investor could not spend money on football operations.
Living within your means is a 19-year-old mantra on CQN. It is neither easy nor popular – there is a reason our board didn’t buy the bling some craved. Football fans are entitled to want their team to improve without being required to learn about finance. In this respect, even fans who should have learned the harshest lesson, seem ‘knowledge resistant’.
To resolve their problems, they need to win the league and automatically reach the Champions League group stage, or again succeed in the qualification rounds – a steep ask. Alternatively, they could sell talent. Park will know what chances the club has of achieving what is required on both these fronts. You may be inclined to see his departure as an indication of confidence. The actual only way out of this is a Celtic collapse far greater than they temporary on-field disasters we experienced in 2020-21. That is the only strategic game in town.
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Apparently, four English Premier League Clubs and two from their Championship are `considering` a move for Alfredo Morelos.
Could anyone hazard a guess as to how ANY Scottish journalist would know this?
We wouldn’t want SMSM covering Sevco financial chicanery the way they did with the succulent lamb brigade would we?
Oh Wait CSC
BIG JIMMY on 5TH APRIL 2023 3:59 PM
Refs take the “Sevco” way out every time, no matter what…
Walker is a soup taker of the highest order and should be calling out the anti Celtic agenda..
I wonder IF any other Commentators will support Andy Walkers claims ?
I wonder also IF any REFS will support Andy walkers claims ?
Andy Walker can NOT be the ONLY Commentator/Co Commentator who CAN hear what VAR are telling Refs to do ?
HH
HUN GOALIE…
I think its generally accepted that Sevco MUST Win on Saturday to have any chance of catching Celtic for the League Title ?
However, do NOT be surprised to see the Hun Goalie McGregor WASTING TIME at every opportunity, even when the game is maybe 0 – 0. He does it in Two ways in particular…
1) When hes due to take a Goal Kick.
2) When catching an easy cross, and throwing himself to the ground clutching the Ball… using up as much time as possible.
He ESPECIALLY does BOTH IF the Huns are ahead in the match. Hes NOT interested in Ball Boys trying to do their Jobs.
It will be interesting to see how he behaves in a game that the Huns MUST Win….and how much leeway the Ref allows him ?
Hes a Cheatin CHUMP of the highest order.
HH
Good afternoon all from the Laurieston Bar. A bunch of smelly huns ralotterum. Regards- Johnny the philosopher.
Jimmy,
you are absolutely correct.
Time wasting in a modus operandi for the Beale game plan, he was at it even at Ibrox, and in the Hampden game.
They want to nick a goal from a cross or free kick or corner, but even these they take an age from award to actually playing the ball.
Celtic need to do what we have done all season, play our game, play fast accurate football, turn and run in between every chance we can, and flash thos balls across the box, I want us to win and win playing our game
And Jota to hit peak Jotaness.
He will score.
8 pm Kick Affs Tonight….
SKY…West Ham V Newcastle.
OR
BARCELONA V REAL MADRID on BT SPORTS.
Hot Smoked Well that’s the way I see it ,as for the Celtic Supporters Association they should be grilling the Celtic Board about the pathetic facilities outside Celtic park ,were we have no access to toilets decent food outlets etc ,but Joe O’Rourke and company won’t say a thing ,why because the board have them in there pocket,all the away tickets,a bit of corporate,dirty shower of selfish cunts ,
BIG JIMMY on 5TH APRIL 2023 4:58 PM
8 pm Kick Affs Tonight….
SKY…West Ham V Newcastle.
OR
BARCELONA V REAL MADRID on BT SPORTS
*******
OR
Dalbeattie Star vs CELTIC B
Heading off to Dalbeattie soon. Last time we were half way there when the game was called off due to rain. Hasn’t stopped raining here since, so fingers crossed it’s still on.
dearie me.
a rubicon being crossed in plain sight.
Timbhoy163
Calm down old chap.
Scaniel
Doesn’t it always rain in Dalbeattie?🤔
SCANIEL on 5TH APRIL 2023 5:13 PM
………..
Ive no idea where Dalbeattie is….?
However, I hope that you will enjoy watching The Celts beating the ” dalBEATties”.
HH
Big Jimmy
That’s enough. 🙄
Celtic To Take A Penalty; 11/5 ,
Rangers To Take A Penalty : 4/1.
So , according to William Hill, we are almost twice as likely to get a penalty as the Huns are.
Doesn`t quite fit with our general perception, does it?
HS – I cannot find on Paddy Power where to put cash on Huns getting a pen.
4/1 thats got to be banking cash.
Ps I have 5 – 1 on and 4 – 1 to the good looking Tmaloys.
D :)
Dacid,
Good luck with your bets.
I haven`t looked at Paddy Power but those odds were on William Hill just five minutes ago.
David66
Who asked you anyway?🤔
Also, we are 6/1 for a red card, the Huns are only 4/1. Hmm…
Cheerio for now.
Evening all.
PARK ROAD 67
The VAR decision was
Douglas Ross is still a c*** !!!
——————————————————–
An Tearman
Cheers, Buchanan was a sensational boxer.
Might be wrong but a think Benny Lynch’s birthday is today.
Friday?
HH
A
BRRB
is B still singing to his pint? :) :)
BelmontBrian
He’s hors de combat. That’s what he gets for drinking with me. 😂
Bhoys nowadays. 😂😂
Quad Bhoy earlier.
Good point.
Would be interesting to see if accounts show loan repayments were made to existing directors AND if there are other outstanding loans from directors still to be repaid.
Kinda makes sense when you look at the limited options they have for financing their club.
Money for the promise of nothing (loans)
Or
Money for almost nothing (shares)
Celtic Have Two of the Most Valuable Under-23 Players – Top 100
By
Aaron Haire – April 5, 2023
Matt O‘Riley and Liel Abada, two of Celtic‘s Under–23 players, have been recognised as two of the most valuable players outside of the top five leagues in the world.
The CIES Football Observatory recently released a list of the 100 most valuable players outside of the top five divisions, and both O‘Riley and Abada were on it.
Abada is estimated to have a transfer value of £14.9 million, and O‘Riley is estimated to have a transfer value of £11.4 million. This places them on par with players from clubs such as Red Bull Salzburg, Feyenoord, Burnley, and River Plate.
The highest–valued player on the list was Benfica‘s Goncalo Ramos, with an estimated transfer value of £61.3 million. Overall, Brazil‘s Serie A had the most players on the list, with 18.
This is some excellent recognition for both O‘Riley and Abada, as well as Celtic and Scottish football, to have two of the most valuable Under–23 footballers outside of the world‘s top five leagues.
Both Danish Under–21 cap O‘Riley and Israeli international Abada have become fan favourites during their time with Celtic as they close in on a second successive Premiership title, despite not featuring as much as they would have liked in recent matches.
1-0 to the young Timaloys. Still raining in old Dalbeattie. Playing on a grass pitch. Makes a change.
Scaniel
Keep the updates coming M.
👍
scaniel if celtic b win do they go top of that league ?
BRRB – Does Brian take requests from a pint of Tennents? 🤣🍺
D :)
Barca scooling Real Madrid here.
D :)
Schooling ffs not scooling how ironic.
Doh
D :)
David66
He would probably take requests from a dry cleaner. He’s like a bag of laundry. 😂
ST STIVS
Aye the young team will go top on goal difference, though will have played a game more than spartans
Celtic B one up at half time- scored in 14 minutes
BRRB – Make sure he gets up the road ok.
D :)
“Goldson, if you get a chance with Kyogo, go right through him.”
Barry Ferguson