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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So, Sky are permitted to listen to VAR conversations while deliberations take place?
At least we know where the power lies.
What is
Ian “2+2 ? I’ll get back to you” Maxwell upset about?
The arrangement
Or the revelation of it?
“Sky – Ye wurnae supposed tae tell anyone!”
Is there no end to this folly?
Friday with the Shipbank Shipwrecks.
Saturday, McKinnons and the Oak with Prestonpans then hun game. Dearie me. (Courtesy St Stivs) 😳
Big Jimmy
Favourite chants ,,,
At Dundee,”There’s only one United and that’s a chocolate biscuit “
Still smile at that one HH
Listened back to the finance discussion on bbc featuring Kieran McGuire.
McGuire said very confidently and without challenge that the huns were raising finance through share allocations for capital investment.
How could he possibly know this given there was no prospectus with the share issue ?
The fact the sums involved are relatively small and frequent would suggest its working capital being raised.
Mcguire doesn’t strike me as a particularly educated man on finance matters.
AN TEARMANN on 6TH APRIL 2023 8:59 AM
Big Jimmy- to be played doin housework :-)
Soft cell https://youtu.be/CCTBuOheUpE
H2O – https://youtu.be/YlKQCOucR0A
Icehouse https://youtu.be/OKDYyFf1s0I
Jo jo gunn https://youtu.be/cOi0Iv5J45c
Enjoy jimmy
……………..
Cheers Mate.
As for any Housework….My BUTLER and the MAID take care of that side of things ?
LOL
HH AT Mate.
https://www.youtube.com/watch?v=WgOX4XIVBxY
ST TAMS on 6TH APRIL 2023 9:39 AM
Big Jimmy
Contact alexis.dobbin@celticfc.co.uk
re. A season ticket .
…………..
Cheers Mate.
I have Emailed ALEXIS few minutes ago.
I hope that I havent depressed the poor lassie too much with my Tale of Woe ?
HH Mate.
PHILCOOL on 6TH APRIL 2023 10:23 AM
Big Jimmy,a classic song from the era was Brownsville Station with Smoking in the boys room,I’m disappointed that you never mentioned it, lol.
………….
I am AWARE of that Song PHILCOOL however, it didnt apply to me.
I was usually SMOKING in some Girls Room…….or so many Girls have told me ?
LOL
HH.
TIMBHOY163 on 6TH APRIL 2023 10:22 AM
If you were lucky to have a away ticket for the league cup final v Sevco then for me you should be put back to the end of the queue, as to allow supporters who missed out on the last ballot, to me that’s the fairest way ,
————–
I agree that would be fair. I had a good run of semis and finals for a few years and part of the ballot for finals was that you had to have been at the semi. I benefitted but felt it wasn’t fair.
I was at the LC semi and Final but have missed out on the SC Semi so lady luck has got it right this time
Big Jimmy
She is very understanding and I’m sure she will help you if she can.
SCULLYBHOY on 6TH APRIL 2023 10:52 AM
https://www.youtube.com/watch?v=WgOX4XIVBxY
………………
GREAT to see Aaron Mooy in that Training video…
I TRIED to see ANY sign of REO HATATE….I did NOT see him ?
Thats NOT to say that REO will be missing on Saturday ?
MON the REO BHOY.
HH
Good morning all from Paddy Neesons.
A reminder about the meeting of the Shipbank Shipwrecks tomorrow on Saltmarket Boulevard from 12pm onwards. Buffet provided by hula hoops, jokes and dodgy patter provided by Big Jimmy and BelmontBrian. How can you resist?🙄
Lisbon Lion
@tirnaog_09
·
4h
The background boys in 1966. Little could they have known then the journey they were about to lead Celtic on.
https://twitter.com/tirnaog_09/status/1643863889321312258/photo/1
ST TAMS on 6TH APRIL 2023 11:10 AM
Big Jimmy
She is very understanding and I’m sure she will help you if she can.
………………
Alexis has just Emailed me, and she has advised that there is NO WAY to ” By Pass” the Waiting Lists for a Season Book/Card.
She has advised that I join the Standard Waiting List ?
Sadly, ALL APPLICATIONS are CLOSED at this time, so I am unable to Sign Up….I suspect there will be others in the same boat as myself ?
Very disappointing,, as I fear that ” TIME” may not be on my side ?
LOL
HH
St Stivs
Are they all former players?
BIGRAILROADBLUES on 6TH APRIL 2023 11:19 AM
Good morning all from Paddy Neesons.
A reminder about the meeting of the Shipbank Shipwrecks tomorrow on Saltmarket Boulevard from 12pm onwards. Buffet provided by hula hoops, jokes and dodgy patter provided by Big Jimmy and BelmontBrian. How can you resist?
…………..
I intend to ask ALL those in attendance to donate £1.00 each towards any Food that we may get from Frankie and Janice ?
Its NOT RIGHT that Frankie and Janice should be ” Out of Pocket” for Food.
I gave them £20 out of my own Pocket the last time, although they werent looking for any Payment.
I wont do it again on my own.
HH
An Dun earlier.
Interesting.
“Infrastructure projects” = “buying light bulbs”.
MSM simply along for the ride.
My disdain for them reached a new high after reading this hilarity captured by Phil Mac from the DR
“Ibrox club return to trusted cash boost format”
——
“Murdered man has earlier than expected opportunity to reach heaven. Family overjoyed”
Big Jimmy
No problem 👍
BIGRAILROADBLUES on 6TH APRIL 2023 11:39 AM
St Stivs
Are they all former players?
———————-
I dont think any of the Rooney brothers played for Celtic, happy to be proved wrong though.
One quite interesting and I think maybe little know fact is the good Doctor, John Fitzimmons had been a Celtic player in the earl 1930s, making only a few appearances,
He was also a papal knight.
Have a read here –
https://www.thecelticwiki.com/players/all-time-a-to-z-of-celtic-players/f/fitzsimons-john/
As a student, in 1936 John had made a special pilgrimage to Lourdes and his experience there lasted for all of his life so that when visits began again post war he, along with wife Ellen, began to attend the yearly Glasgow Pilgrimage. He was a founder member of The Glasgow Hospitalitie de Lourdes, which helped the sick and less fortunate to visit the shrine, and was doctor to the pilgrimage for over forty years, a special medal being struck for him and his wife in 1987.
In 1976, at a special service in The Vatican Dr John was created a Papal Knight of St Sylvester by Pope Paul IV.
“I’ve always felt that to stay with Celtic for my entire career would be unbelievable. We’re still a long way away from that but I’m really enjoying it and, over the last few years, I’ve discovered that this club is bigger than even I had realised before.”
James Forrest (2019)
“I’ve spoken to more players than you might think who have left here and then wished that they hadn’t. Many would tell you themselves that they didn’t realise what a big club this is until after they’d gone.”
James Forrest (2019)
new article posted.
Dr. Fitzimmons also drew the cartoons in the early issues of the Celtic View. That’s what his daughter told me.
Promising Mooy news, but growing concern over Hatate and Taylor after intense Celtic training footage
By Hamish Carton
3 hours ago
There were mixed findings with the likes of Aaron Mooy and Reo Hatate as Celtic posted footage from training on Wednesday.
Ange Postecoglou and his team are busy preparing for Saturday’s big Premiership derby against Rangers.
The Hoops know that victory will virtually end the title race as a contest, but it won’t be easy against a side who haven’t lost a league fixture since early November.
There are injury concerns over three starting XI players going in to the game: Reo Hatate, Aaron Mooy and Greg Taylor.
Ange shared some good news about Hatate, Mooy and Taylor at the weekend, with all three seemingly likely to feature at that stage.
In the Wednesday ‘Lennoxtown Unfiltered’ footage posted exclusively on Celtic TV, the team is seen training intensely.
Mooy is one of the first players to appear on to the pitch, with the Aussie looking fully fit and featuring in the entire session.
The likes of Liel Abada, Anthony Ralston and James Forrest are not involved, but that is no surprise with all certain to miss the weekend game.
What will be a concern to the Celtic support is that neither Hatate or Taylor were seen at all in the Wednesday session.
Hatate went off injured in our pre-break game against Hibernian while Taylor limped out of the Ross County clash on Sunday.
Of course, this could be an elaborate cover-up job from the Celtic media team, in a bid to unleash Hatate and Taylor as a surprise on Saturday.
We’re not ruling out either player at this stage, but it is definitely a worry to have neither in training a couple of days out from such a big match.
Also included in the session were a number of B team players, including Bosun Lawal, Rocco Vata and the returning Dane Murray. Great to see him back.
The final comment to be made from a look at the session is just how intense it all seemed to be.
We know that training is hard under Ange, but it’s incredible to see such energy being expended ahead of a huge game.
The team look up for it. Let’s hope Hatate and Taylor are confirmed fit when Ange speaks to the media tomorrow.
Nice to see Dane Murray – top bhoy prospect.