I know many of us are annoyed that a Celtic player, who didn’t appeal for a foul, is not being charged for inappropriately looking for one, is headline news today. This is all a consequence of Sky Sports pundit Neil McCann’s insistence that John Guidetti cheated, while he simultaneously acknowledged Guidetti didn’t actually claim for a penalty.
TV analysis can enrich viewers’ appreciation of the game, but it has to carry a degree of responsibility too.
Those of us from Scotland will be familiar with the summertime noise of a scramble – pennies dropping all around you. It’s a wedding-day tradition, when the father of the bride throws coins into the street for kids to collect as he and the bride leave for the ceremony.
Today’s story in the Record, lifted from a fans’ group, that newco Rangers receive approximately 75p for every £10 spent with Rangers Retail, the joint-venture between the football club and Mike Ashley, must have had pennies dropping everywhere.
These figures are for last season, so predate whatever new arrangement Ashley was able to negotiate for the return of stadium naming rights. We’ve covered this point before, but it’s worth reiterating:
Football clubs are in fact a series of business units. Few make a profit over any business cycle but there are profitable business units inside every club, including retail, trackside advertising, media rights and kit deals.
Football operations almost always lose money. The considerable cost of operating a stadium, recruiting and employing footballers (and occasionally a manager on an onerous contract) isn’t met by ticket sales, even at community football level.
The club accounts detail how much financial control Ashley has over newco’s profitable revenue streams, from retail, to kit supply to trackside advertising. The true consequences of forming the with investors looking for a financial return, as newco did in 2012, should now be apparent.
If the club has a future it will have to survive pretty much on ticket sales alone. As we’ve covered before, when you need to pay circa £17m p.a. to open the doors at a club which will occasionally house 50,000 spectators, and your gate receipts and hospitality sales totalled £12.3m last season, you have a chronic problem.
Even if ticket sales doubled in value, there would still leave only around £7m to pay for football operations, a figure the likes of Kilmarnock can survive on, but you have to wonder if a ‘Rangers’ brand is viable at that level?
Does this sound like a viable football club to you? If so, let’s see how it looks after Ashley has his pound of flesh for financing the second half of the season. No wonder fans are so keen to stop him.
I see newco have appointed WH Ireland as their nominated advisers, a name you may be familiar with. Back in May 2012, Kitalba, with an astonishing degree of understatement (“It couldn’t be clearer”), noted here in the comments section the breadcrumb trail between Craig Whyte, a whole series of his companies and associates, and the aforementioned WH Ireland. It’s worth a 15 minute read.
It’s the big Glasgow derby tomorrow and Celtic sponsor Magners have offered us two premium seats in the Jock Stein Stand. All you need to do to win the seats is to email me the name of our opponents, at celticquicknews@gmail.com
Competition closes at 22:00 tonight, so check your email thereafter. Tickets can be collected from the ticket office before the game.
Planning is underway for Mary’s Meals to build a kitchen Chibwata Primary School, Dowa, Malawi, which we in the CQN community have committed to paying for. We have already built three school kitchens in Malawi this year, so I am sure we will complete this one sometime over the coming months.
Sorry, the MyDonate page is now open for business!!
Many thanks.
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*”of whether” not “if”
Jeez, it’s spreading…
Hope reports of interest in Stuart Armstrong are true.
DAVIDOPOULOS
I think the contract is with Puma. They agreed to supply the gear to Green only when he agreed to a certain level of supply at a certain price.
Both the supply level and the price are far higher than is viable for the huns. I think it may have been based on selling to a certain percentage of their 500m fan base….
Morning All,
For anyone going to the Belfast Hootenanny and flying from Glasgow on Saturday 14 February. Check your email/booking as Flybe have changed the schedule for the BE130 flight, it was originally departing at 13:55 but, is now departing at 12:05 – More drinking time :-))).
I would also check return flights as well.
Hail Hail
Horrid Henry
08:09 on 3 December, 2014
Good fishing,however just in case you are serious I think you’re an idiot.
The Telegraph taking the pish…..is there no end to their torment……
“Rangers announced last week that the club had made an operating loss of £8.3 million (believed to be a world record for a third-tier club) and chairman David Somers admitted that a similar amount of investment was required in order to keep them afloat. “
hun skelper
23:43 on
2 December, 2014
tim malone will tell
22:19 on 2 December, 2014
If they don’t there’s always next year HH
——————————————————————————–
hun skelper
I reckon that even Ally recognizes that the enormity of an inaugural 2015-2016 Petrofac success will only be appreciated in the highly unlikely event that Third Rangers are allowed to claim 140 weeks of unbroken history from their predecessor.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
Both the supply level and the price are far higher than is viable for the huns. I think it may have been based on selling to a certain percentage of their 500m fan base….
——————————————————-
That has me sniggering!
Morning Timdom.
Stunning but frigid here in dunblane this morning.
But hey, enough about me!
Won’t make tonight’s game but hoping that Hutchybhoy and his lad might be able to take our place.
SoWant2BthereCSC
HH jamesgang
Horrid Henry
There will be an awful lot of Celtic supporters you are branding as sheep.
At the home game just before the referendum the chant of “stand up if your voting yes” rang out and at least two thirds of the Celtic supporters in the stadium got to their feet .
Mike Ashley ” For every tenner Sevco fans spend I’ll spend….. eh, no I won’t” por cierto
Por Cierto
09:00 on 3 December, 2014
Mike Ashley ” For every tenner Sevco fans spend I’ll spend….. eh, no I won’t” por cierto
—————————————————–
“For every tenner Sevco fans spend I’ll take a minimum of 92.5%, or maybe more, depends how I feel…I might just take all of it…”
Horrid Henry
Here’s the response your post deserves ……………………………
End
HH jamesgang
40 year ago today, I lost my Auld Granda ” Hubby”
So I’m off to see the Celtic Win tonight for him
COYBIG
Oh n
Good morning from a freezing Denmark where the sun appears to have forgotten to rise.
If the huns do go into meltdown again and have to invent pop-up club #3, what odds on the immediate announcement of restructuring to a single league of 42 teams?
For the good of Scottish football and that, you know?
Burning_Bush
pop-up club
—————————————-
Consider this term stolen. Brilliant way of describing their franchise.
burning_bush
They’d include my son’s under 10s if they had to!
As many as it takes!
HH jamesgang
If Ashley is only interested in the retail part of newco, where does closing their outlet in Belfast and (possibly) glasgow airport benefit him.
Confused, G43.
According to workmates. No mention of last nights mini hunskelping in any of the tabs. What did they expect?
Fourpagepetrofacpulloutcfc
Southside,
I think the retail outlet of choice for huns is still Sports Direct, so costs cut and more in the doors of his shops by closing hun retail outlets.
I’m not much noted for commenting on the weather,but it’s blinkin’ freezing in Swindon-my hands turned blue on the way to the pub!
Non football post.
I am photographing some old (1870’s) blueprints of locomotives ( the fun never stops) and one is from Hyde Park Loco works Glasgow. Anyone heard of it or know about it?
southside
09:30 on 3 December, 2014
According to workmates. No mention of last nights mini hunskelping in any of the tabs
would you believe it …. in the DR !
YORKBHOY
That was an earlier term for BREL,Springburn.
southside
09:25 on
3 December, 2014
If it costs more to run than it makes, or more profit can be generated by routing all sales via normal Sports Direct stores, then it benefits them.
ffm – i’m the only conspiracy theorist in the village)
09:31 on 3 December, 2014
Aren’t the sevconians boycotting his stores, although judging by the amount of donnay and slazenger on display down govan way, maybe not.
Do sports direct do XXXXXL?
Having been to few a conventions over there my understanding of NATIMS is a reference to our friends in the former colonies now known as the USA!someone has got the shitty end of the wrong stick;))
HH
BMCUW
Put gloves on ffs!
Yer not in sunny Ayrshire!
HH!!
TALLYBHOY
Gloves? Ffs,be a hat and scarf next if you have your way.
Nope,cap t-shirt wi my tabs packed in the shoulder. Learnt that during my days in the North-East.
(Actually wearing a shirt and heavy jacket as well,tbh. I’m turning into a soft Southerner!)
DBBIA @ 22 54 ( 2 12 14 )
Thompson – Family .
It was in a wee pile of Cdrs a pal sent me . I will be giving it a listen ..
Anne Briggs ?
Saw her supporting COB .: I thought COB were dire .I thought she was good.
BMCUW
Aye, you’ve been doon south far too long.
Time you were back ‘up the road.’!
Auld Pat needs moral support!
HH!!
bobby murdoch’s curled-up winklepickers
09:33 on 3 December, 2014
Commiserations…….. For any part of you to turn blue is not a pleasant experience at all ….. :)
67 HEAVEN
Good point,mate. I’d have cut the offending parts off but it would mean drinking my Guinness wi a straw.
The papers this morning talks of two to four signings come January. Names mentioned are Armstrong from Dundee Utd for £2M and someone called Max Power from Tranmere.
Isn’t Max Power an alias of Homer SImpson??
TALLYBHOY
Aye,my Dad has never really forgiven me for effin’ off and leaving him to deal with three opinionated women on his own.
No wonder he’s white-heided!!
Paul,
You must have heard some pretty solid rumours about WH Irelands involvment. They’re in an altogether different category to every other company mentioned in respect to Rangers meltdown.
Gordon j,
I believe it is lol
I might be a wee bit premature here but I got my sisters some tshirts in support of him :))
http://www.voltzenergyshot.co.uk/live/wp-content/uploads/max_1.jpg