Our two compensations are that Matt O’Riley is behaving impeccably despite mounting speculation about his future and Celtic have him under contract for another three years. The Sun’s assertion that Brighton have joined Southampton and Atalanta in the race to sign Matt raises the potential ticket price, should the player move.
Brighton have already paid €30m to Feyenoord for a midfielder this summer and gone higher still for a Newcastle winger. If Celtic sell, they have two requirements: push the fee higher than what we got for Jota a year ago and ensure we have backfill before agreeing to the sale.
We still have 25 days of the window left, so I wouldn’t expect movement on Matt or a replacement soon. This has nothing to do with any other business Celtic are looking at this month, although, the same transfer window rules apply. Players under contract and in demand will seldom shift until late in the window, when the seller has extracted all possible interest.
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Josh Kerr learned the hard way that the Olympic 1500m final is not a er two horse race
Not to worry though Scotland has another chance to get a medal today visa vis Andy Macdonald competing for GB in the ol’ skateboarding later on today. Ok I’m stretching it a bit here, Andy was born in Melrose Mass, and his dad Roddy was born in Luton, the result probably of going down to get a job with Vauxhall. Even so got to get behind the younger Mac…..he’s only 51…….
https://x.com/chrisdotlatchem/status/1820957234438066273?s=46
Nice….
Malone Bhoy @ 12:50 am.
Really good point about squad imbalance using CH and LB as example.
When I look at our squad I often ask myself two questions
– how many players do we have? (Simple arithmetic)
– how many can go into the first team with only a small reduction in the team’s capability and effectiveness ? (Personal perception)
In my simple head these should be 26 and (at least) 21 respectively.
Where I think we are? (only my opinion) are 26 and 15.
Far too big a gap.
I AM being simplistic here.
I accept I am ignorant of the facts, the process, the need for capacity and all the other variables involved.
I don’t doubt it’s tough to get right but we should be doing a little bit better.
Malone Buoy,
Good post.
Well,I see another Putin sympathiser raised his head above the parapet last night.How dare Ukraine be invaded.
What’s next,Trump fan club?.Tommy Robinson appreciation society?.
https://www.google.com/amp/s/www.bbc.co.uk/news/articles/c1jll3eg33wo.amp
A piece of advice to all if I may.
If you need to respond emotionally to something (a legitimate need sometimes in life) and get something off your chest?
… put down your mobile phone
… go in to an empty room with a mirror
… and sound off to yourself rather than the world
Please ignore” Buoy” it does not like Bhoy.Has to be corrected.Like Kyogo,,writes,Kyoto.
Aff its heid.
Former Twitter executive Bruce Daisley says Elon Musk is “an interesting challenge” for the UK, because not only does he own X, he’s “a pretty toxic user of the platform himself”.
“He’s largely responsible for bringing Tommy Robinson back onto Twitter, and then as a user of the platform, amplifying his voice to the extent that he has gone from really the bargain basement of politics to being one of the biggest names orchestrating potentially this ongoing racial conflict.
bizarre BD – to think she thinks – yup I can post that and it’s ok.
You can get an idea what it was like in the 1930 s now.
stop the boats – we hate people of colour
illegal immigrants – deport people from well established communities if their skin’s brown
murderers and rapists – muslims
they had catchphrases for Jews then too.
In: Kasper Schmeichel, goalkeeper (Anderlecht); Viljami Sinisalo, goalkeeper (Aston Villa, undisclosed); Paulo Bernardo, midfielder (Benfica, loan to permanent, undisclosed).
Out: Hyeon-gyu Oh, forward (Genk, undisclosed); Sead Haksabanovic, forward (Malmo, undisclosed); Joe Hart, goalkeeper (retired); Benjamin Siegrist, goalkeeper (Rapid Bucharest); Rocco Vata, forward (Watford, undisclosed); Ben Quinn, forward (Mansfield Town); Magnus Mackenzie, defender (Queen’s Park); Benny-Jackson Luyeye, midfielder.
Loan ended: Adam Idah, forward (Norwich City).
Loan out: Marco Tilio, forward (Melbourne City, loan extension).
I see JohnJames is picking up on the Celtic PLC statement to the London Stock Exchange yesterday. And not in a good way. Not too far removed from my own position. It is not made clear as to why the Celtic PLC felt it had to release such a statement when it did when the end of year statement (to June 30 2024) is due to be released five weeks from now. Certainly wasn’t required or necessary. Not sure either why we highlight “profit” from player trading, unless it is to re-affirm how successful our policy is in that regard. I say our, I mean the Board. Fact is highlighting ‘player trading’ in the way the statement does is deceptive. The FY ended June 30, nothing which happens after that should be included, and yet the PLC claims the summer transfer window underway will be factored in to end of year accounts. JohnJames suggests that any “profit” from the sale of Matt O’Reilly will be included in end of year Accounts, as indeed do the PLC. I think this is bogus accounting, and as stated before, intended to convince the Celtic support that not only is our player trading philosophy and policy the only show in town (also espoused by Paul67) but that it is also successful. No no no, it is about pulling the wool over our heads. That is what yesterday’s statement is intended to do.
The day Elon Musk took over Twitter was the day I cancelled my account and uninstalled the app.
I felt much better for doing so.
CELTIC MAC @ 11:04 AM,
Spot on…
I haven’t done the figures lately but in the last decade our player trading ballpark is this…
£200 mn in transfers in
£210 mn in transfers out
That doesn’t take into account agents fees and loan fees…
How does that equate to a £100mn in the bank.
Now the £500 mn they have taken off supporters in that time might give fholks a clue where the money comes from….
Hail Hail
CELTIC MAC
Celtic released the statement because as a plc it is a legal requirement, just as it was a year ago. In fact the club’s independent auditors would have told the board they need to issue the statement.
The statement applies to accounts to year-ended 30th June 2024, so how can it include income from the sale of Matt O’Riley?
Celtic plc annual results for year ended June 30, 2023</b[
“…Securing the SPFL title once again in 2022/23 led to automatic Champions League qualification. Following the draw, we have been matched against Feyenoord, Lazio and Atletico Madrid in what is sure to be an exciting Champions League Group Stage. Automatic qualification allowed us to make further football investment with a focus on building greater strength into the playing squad. In the summer 2023 transfer window, we have acquired Hyeok-kyu Kwon, Marco Tilio, Hyun-jun Yang, Odin Holm, Maik Nawrocki, Gustaf Lagerbielke, Luis Palma and brought in Paulo Bernardo and Nathaniel Phillips on loan. The present squad also gives real potential for development with the average age being 24. We parted company with Aaron Mooy, Carl Starfelt, Albian Ajeti, Ismaila Soro, Osaze Urhoghide, Vasilios Barkas, Conor Hazard and Jota. We wish all our former players the best for the future.
Our successfully proven strategy has delivered stability and footballing success over many years and remains the same. We must balance the signing of players that can be developed and sold when conditions are optimal alongside the need to sign players who are able to make an immediate impact and deliver footballing success. The execution of this strategy is increasingly challenging owing to wage and transfer inflation, but this formula has underpinned both our footballing success and financial stability over a number of years now and it is vital that we adhere to it…”
TOM MCLAUGHLIN
How much of that recruitment took place before June 30, 2023!?
Hail Hail
Apologies for the bold typo…
tom mclaughlin
The legal requirement is to file end of Financial Year Accounts to Companies House.
The statement, (which I suspect you have not read) was made to/via the Stock Exchange.
If it was warning of bad news I could see the point, but it isnt.
I’ll get back to you on your other point.
TOM MCLAUGHLIN @ 11:21 AM,
Also…
Why can’t Celtic PLC’s esteemed accountancy team not get their forecasts correct?
Hail Hail
Chairbhoy
They may have made some accruals in their forecast that they no longer require.
Of course it’s nothing to do with an improvement on the forecast probably means bigger bonuses 💸💸💸💸
The annual report is just that.
A report detailing fimamncial performance , company strategy and trading conditions that affects performance.
It is simple really, the year ends 30th June, We take that snapshop right then.
The transfer window bridges two reports,
As Tom says, the auditors will tell celtic plc, while doing the audit before results are published, we find these results extra-ordinary so we cannot just suprise the stock exchance, we must fore-warn them.
there is no financial skull duggery or mis representation, the plc does what it has to do, and by the book.
if matt is sold before the end of the window the money that comes in will be reported for 24/25 financial year.
From CELTS ARE HERE
Celtic Football Club recently made an announcement to the London Stock Exchange regarding their updated financial forecast, which has left some fans puzzled. This disclosure, however, isn’t a voluntary move by the club—it’s a legal requirement.
As a publicly traded company, Celtic is subject to the Market Abuse Regulation, which remains in UK law. This regulation obligates Celtic to disclose any material or price-sensitive information that could impact investor decisions or affect the company’s share value. The aim is to ensure transparency and fairness in the market, providing all shareholders with equal access to important updates.
The announcement’s financial projections are particularly crucial as they could influence the club’s stock price. By issuing this statement, Celtic is fulfilling its legal duty to shareholders and maintaining market integrity. Failing to do so could result in serious legal consequences, making this disclosure a necessary part of the club’s operations.
CHAIRBHOY
Why can’t Celtic PLC’s esteemed accountancy team not get their forecasts correct?
There’s nothing funnier than people with a grudge thinking they know better than the experts who do this for a living.
😂😂😂
new article posted.
We went through all this last year when Celtic had to make a similar announcement.
Short memories eh?
On Facebook yesterday a fellow Tim stated that Sevco are £120m in debt .
He say’s it’s in their accounts and common knowledge .
I have never heard this before ,and questioned it .
He was adamant that it was true .
Does anyone know the truth ?
TT
SAINT STIVS @ 11:52 AM,
As someone who questioned a timely announcement on the compensation money when BR&Co left, I’m hardly going to question due process in a stock exchange announcement.
My point was really how come we got things wrong in respect of forecasts.
It is not unusual for instance for Companies and local authorities to have a last month splurge to keep the budgets right.
How about we have too much cash!?
Why not expedite the transfers of Bernardo and Idah to ensure the deals are done before June.
Didn’t something not happen in reverse regarding Jota last year?
Hail Hail
Celtic Mac….
The club does have a duty to publish the statement. It is a requirement. It helps to stop insider trading.
That said, I share the view that some of this money should be put on the park.
Weeron
CHAIRBHOY
Why can’t Celtic PLC’s esteemed accountancy team not get their forecasts correct?
=======================
to be fair, you can forecast everything that is a regular stable calculation, such as season book sales at 53,600 at these prices, so the total value in june would be x.
but you cannot forecast a players eventual transfer sale price.
Matt might be sold for £25m. Or stay till January and go for more.
You cannot forecast these values.
if there is one thing i would like within the transfers market it is that all fees should be published, make it a requirement at the time of the transaction.
no more UNDISCLOSED FEES, why the secrecy, make it fully transparent.