You can be sure there is something firm in the story when Sky Sports and The Guardian both report Leicester City have opened talks with Celtic over the future of Odsonne Edouard. Like a few in the squad, Odsonne has made it clear he wants to move to England when, or before, his current contract expires in June next year.
The player’s form suffered from illness and two periods of self-isolation last season, these are mitigating factors but it’s fair to say some among the support would be happy to take the cash and move our prime talent on, irrespective of the end of his contract looming.
Tapping up is, of course, illegal, but I would be surprised if Leicester had not made their terms to the player clear in a indirect way. If Odsonne wants to team-up with his former Celtic boss he is likely to get his way. Once Celtic are through with all their other priorities, they will doubtlessly try to get another club interested.
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I would have preferred this last season as a strategy, but i think support would have gone mad had we sold, hindsight a wonderful thing.
Maybe wantaway players weren’t pursued in such a volitile, uncertain, covid economic down turn.
Cannot wait to see the back of him
Adieu.
A quick look back over CQN shows most articles in June have a distinctly retro feel. Most relate to the 60s and 70s.
Of the more utd ones, there is an article on James Forrest (the mercurial winger)
Otherwise, all recent articles are around players leaving
Brown
Hendry
Ntcham
Ajer
Eduard
Now, I would not wish to keep players who don’t want to be here and careful management of contract amortisation is essential, however I do wonder where this ends?
Do we have anyone in the building who is tasked with ensuring we have 11 players we can put on the park next month? 11 players who can claw back a 25 point deficit in the league?
I will get behind the new man, whoever he is. To be in this position, c104 days after our last permanent manager left, is pretty shocking.
Uncle Jimmy.
The ongoing expectation management by the board.
No manager, no DOF, no squad, give us your money and be quiet.
4 March 2021Updated 22:11 GMT
Manchester United net debt increases to £455m, a rise of £64m on last year
By Laurie Whitwell
Manchester United’s net debt has grown to £455.5 million, an increase of £64.2 million compared to last year, according to their second-quarter financial results.
£526million – United remain in debt to the tune of over half a billion pounds, 16 years after the takeover. In the Premier League, only Tottenham have larger debts but at least they have a new stadium to show for it. At Old Trafford, the roof is leaking. Before the Glazers, United had no debts.
In the last 15 years #MUFC have generated an impressive £5.9 bln revenue, but had £5.4 bln expenses (including £2.9 bln wages and £1 bln player amortisation), leading to £467m operating profit. This was boosted by £257m profit on player sales, but £817m interest meant £92m loss. pic.twitter.com/ptLDzQk1Ex
— Swiss Ramble (@SwissRamble) May 4, 2021
In the disappointment of not doing the ten, maybe worth remebering that Celtic are the only European club to win nine consecutive titles on two separate occasions,…..I think !
Would such a feat be so undercelebrated anywhere in World Football?
Turnbull- number 10. Or False 9.
Calmac- not as Def Mid. Last third mostly please. Great composure there.
Sorro- Def Mid. Probably needs some positional coaching. (Specific to the system) But great energy.
Makings of a good midfield imo
Notwithstanding Eddie’s illness issues and general lackadaisical approach , couldn’t help think even the SPFL defenders had worked out a better way to play the big fella : just stand up help will arrive …. Number of games against each club gives the other mobs a chance to work us out … happened to Scott S dip of the left shoulder and cut inside got read eventually….
Still in a more open game with the defenders not kicking you Eddie will do very well in the EPL
BGFC
I think that’s the way we all have to look at it.
As nothing we say is going to change it .
HH Ange
Eddy is more suited to playing on the left of a 2 or 3 up front. Never a target man.
Quadrophenian,
Thanks for that. You’ve got me quite excited about the potential now.
And who needs a good defence? We survived last year without one… 😰
Schummi,
I’m with you re Christie. I think he was one of our stand out players when he came back from his loan. Some good coaching and he’d be an important player for us again.
SCULLYBHOY on 8TH JUNE 2021 1:55 PM
I am not an expert on MU finances but I think that examination of the Glazer takeover deal shows that they took liberties.
As I understand it, in a move even Craigy Whyte would think twice about, they bought the club by borrowing massive amounts of money secured against future income. They have basically bought the club using its future income.
I don’t think that you can claim that because MU are £500m in debt that either it’s the fault of the CEO or that everything is hunkydory at Celtic.
Sorry ghuys, i try to patient with player (maybe not show by some of my posts) but I don’t rare Christie.
Frustrates the hell out me. No idea how a pro can shoot over so much.
Time to go imo. Good luck.
*rate*
Apols, typos.
SQUIRE DANAHER on 8TH JUNE 2021 2:13 PM
SCULLYBHOY on 8TH JUNE 2021 1:55 PM
As I understand it, in a move even Craigy Whyte would think twice about, they bought the club by borrowing massive amounts of money secured against future income. They have basically bought the club using its future income.
That’s exactly what Craig White did. The purchase price was nominally £1 but included in the sale was an assurance that the debt to the bank would be paid down immediate. TGLF borrowed against future season ticket revenue, their lifeblood (and us, as we’re so often reminded)
The Glazers purchase of United was a bread-and-butter leveraged buyout. Good luck with finding a buyer for a company the size of United without them having to borrow some money to finance it.
We tend to judge (and just who are we to judge) players on attributes we ourselves appreciate. Id have talent over effort, the right coach can inspire effort, ala Take the ball Pass the ball doc.
Christie has talent he’s just not getting the best out of himself, the reason for the vitriol is down to his father being in the paper saying he wanted to leave, I’m old enough to have seen Charlie play.
Rumours Griffs been freed, think we had the option to trigger a further year but who knows
CELTIC40ME on 8TH JUNE 2021 2:40 PM
Yes but as I understand it the Glazers use MU itself as collateral/security against their borrowing, rather than their own properties
You and I buy a house and get a mortgage based on our assessed ability to pay our liability. We don’t get to say to the bank we will pay them back after we’ve live in the hoose for 25-30 years and sell it.
The glazers absolute didn’t take liberties, they borrowed against the assets which is a risky but not entirely stupid thing to do. The profits could cover the repayments
White’s borrowing was short term against revenue, and was essentially depriving the company of the working capital it needed to survive. There was only ever one way it would end
GO TELL THE SPARTIM on 8TH JUNE 2021 2:40 PM
I am absolutely no expert, think that’s obvious 🤣😂
Nothing personally against Christie- seems likeable abd would wish him the best of luck.
I just don’t rate him. More than I mentioned before.
Poor passing, decisions, bad touch.
Maybe that could be coach away, I’m just not sure.
On Ryan when he can back from the Dons he had bulked up ( a little) and with the adrenaline rush if starting combined with Duracell bunny rabbit batteries he ran about mental for about 6 months and showed up well
This approach was not sustainable from Ryan , he is a wee trier but for me his play without the ball is terrible, he just rushes head first towards an opponent who waits until the last moment and side steps Ryan….
…. Despite these shortcomings He has enough quality going forward to attract a bid French tip tap football or Portuguese would suit the wee fella … not sure he has the brawn for the EPL
GO TELL THE SPARTIM on 8TH JUNE 2021 2:40 PM
Christie has talent he’s just not getting the best out of himself, the reason for the vitriol is down to his father being in the paper saying he wanted to leave, I’m old enough to have seen Charlie play.
———
Me too.
I think the vitriol is due to the assumption of his dad and himself he should be playing in the Greatestleagueintheworld, compared with the evidence of what he’s served up 95% of the time, particularly over the last season.
I think that over that period if he has been coached at all at club level, it has been badly. I’m also aware that he has performed consistently better for Scotland than Celtic over the last year and that this is not a coincidence.
I do think though he has crossed the point of no return and I would be happy to see the back of him.
Martim1980 & Squire Danahar
If Christie is here next season it’s because no one wanted to pay our price. I don’t grudge him wanting a better living at all, just think you do your talking on the pitch with your value
SQUIRE DANAHER on 8TH JUNE 2021 2:44 PM
“Yes but as I understand it the Glazers use MU itself as collateral/security against their borrowing, rather than their own properties”
But that’s what you do when you buy a house, the mortgage is on the property you’re buying, not other assets you own. You need to be able to prove you can make the repayments but the house is the security, without a charge on the house you won’t get the money
What they did happens every day with far bigger companies than United. They borrowed against the assets of the company they were buying, the lenders, who only borrow that amount after a huge amount of risk assessment, were confident that future profits would comfortably cover the repayments.
And the value of the assets exceeded the amount they were borrowing
CELTIC40ME on 8TH JUNE 2021 2:45 PM
The glazers absolute didn’t take liberties, they borrowed against the assets which is a risky but not entirely stupid thing to do. The profits could cover the repayments
———
Genuine question then because you sound like you know more about this than me.
Why are the MU fans up in arms then and why has a previously debt-free club ended up half a billion in debt??
Celtic40Me
Cheers for responses at 2:56 and 2:57 which address my follow up question. 👍
BGFC, 67ECW, MAJESTIC HARTSON…
The other observation I’d stress about Ange’s team is that his players’ work and fitness rates seem very high to sustain the kind of plan or philosophy he wants them to execute.
I hope our squad are under no illusions that the new system is an ‘ease your way into it’ endeavour.
Likewise hope that whoever the fun is doing our sports science and training can switch their gears from possession based, close tip-a-tap to driving energetic runs and recoveries.
We’re gunna need some real dynamos who know how to motor (can’t see where Rogic fits, funny enough).
And re CForwards, the Marinos striker Ado Onaiwu has notched 10 goals in 16 games, which i thought was an impressive stat also.
HH
In every way it makes sense to sell OE as quickly as possible, even without the extra that a bidding war late in the window might bring
He’s going to be at the olympics for the first two qualifying ties, and then, if last season is anything to go by won’t be giving 100% before a move
Give the new regime the money and time to get the right player in without the distraction of a protracted move
PPS – If Ryan stays, he’s exactly the kind of player who could be moulded to suit the Ange model, IMO.
The Glazers didn’t spend 800m. They basically didn’t spend anything at all. They paid for Utd with loans and hedge funds… and when the purchase was sorted, they pushed the debt of that ONTO Utd. Man Utd are basically paying to buy itself…for the Glazers.
They are essentially getting Utd for free, and taking dividends annually. And when the time comes to sell, they will take something along the lines of 2bn in the sale, while leaving their debt on Utd!
You nearly have to admire them. If I could buy a house this way, I would, but the banks wouldn’t allow it!
To summarize, Glazers bought a house with no money, and made the house pay itself off, and will eventually sell it.
BTW I did a cut and paste job there
QUADROPHENIAN on 8TH JUNE 2021 3:03 PM
BGFC, 67ECW, MAJESTIC HARTSON…
–
Yup – fitness was on my mind – and has been really poor for the past year – more likely to be under the cosh in the last quarter and losing goals (fitness = concentration) than running others ragged.
A big shock for anyone half-hearted on fitness – not a thing for Big Tam I agree (unfortunately). Wonder whether Ajeti will fit – doesn’t look the hard-running type.
HH
BGFC
Similarly
Abramovich only acts as guarantor for Chelsea too
QUADROPHENIAN on 8TH JUNE 2021 3:04 PM
Maybe but even in those systems you still have to be able to shoot.
SQUIRE DANAHER on 8TH JUNE 2021 2:57 PM
👍
I don’t know if they were debt free before they took over but most big clubs aren’t these days. Everyone is carrying a big debt unless you’re bankrolled by a super-rich owner. Celtic are lucky in that our cautious (some would say over cautious) financial management means we’re able to weather the storm and carry some debt without having to beg our supporters for extra working capital.
You can understand the United fans being angry at a billlion pounds or whatever it is going out the club in debt payments, dividends and big salaries they’ve paid themselves.
Rolling_Stone @ 12:44 pm
Question: if Ange leaves his club in Japan mid-season is he then a ‘rat’ from their perspective?
We don’t want to be hiring a guy who is a rat, surely?
—————————————
`No!- he would not be a rat for leaving one club to go to another; it happens all the time.
Unless he has tried to leave the Mariners over a year agao and resented them preventing him accepting a big money move to China and, thereafter, concentrated on fighting internal battles with his co-workers, and only had one eye on his current job, would he deserve to be called a rat.
SCULLYBHOY on 8TH JUNE 2021 3:08 PM
You nearly have to admire them. If I could buy a house this way, I would, but the banks wouldn’t allow it!
You can, or at least you could until the banks tightened up their lending criteria on buy-to-let properties and the government changed the tax regs on rental income.