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.
629 Comments- Pages:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- ...
- 17
- »
….PFayr supports WeeOscar
Even if the zombies dont buy them sevco are commited to paying Ashley more than full price on a certain amount of kits
Onerus contracts R us :)))))
big-cup-winners
19:57 on 2 December, 2014
Pathetically disgusting gutter press…!!!
Just signed in…
6-1!
Not there, probably know none of the young bhoys and there will probably be nowt in the press tomorrow BUT…
It makes me feel GREAT!
BIG smiles :-) :-) :-) :-) :-) :-) :-)
HH
Hitler Youth 1 Celtic Youth 6
The rags will have a 2 page spread of the 6-1 tanking tomorrow…..
bournesouprecipe
“Hitler Youth 1 Celtic Youth 6” magic por cierto
Smsm blackout concerning the game at Minty Park tonight, no doubt!
HH!!
tallybhoy,
Caesar is kiping on the couch with his paws up.
Just off the phone to my dad, I’ve not been up due to my chest infection, reckon it’s nearly clear now…kids oot as usual.
Hope all is well with your good family.HH
All them sevco youth players will be knackered from turning out so often for the first team, them having such a youthful squad and all that……
#boydmillerwallacemcelbowsblackzimmerframefc
Not football related
http://www.dailymail.co.uk/news/article-2851703/Two-greedy-RBS-bankers-used-jobs-run-3million-property-fraud-escape-jail-judge-says-suffered.html
sipsini
Everything fine.
Be over on the 19th for the festive season.
Take care.
HH!!
Celtic Football Club@celticfc · 6 mins6 minutes ago
Super Celts hit city rivals for six. Official match report. (PC)
http://www.celticfc.net/news/7213
If Phils latest blog is anything to go by, and he hasn’t always been on the button lately, then a boycott of Sevco tat might just hasten the demise of this version of the South side tribute act.
Good on the young lhads. 6-1 against the undead. Pity we had to put out a team against them. Still a hammering is the best way to have to endure that fixture.
PFayr supports WeeOscar
The poor wee Sevconians are really stuck between a rock and a hard place.
Keep buying the tat and feed Ashley and not the club they thought they were supporting financially or stop buying the stuff altogether.
Would love to know what % of their matchday sales etc go to the club.
Wouldn’t be surprised if it’s much the same percentage.
Boy, have they been done up like kippers.
Bless.
Wee T C number for you.
https://www.youtube.com/watch?v=qVR_qjS16wM
What chanell is the MU game on??
“Someone questioned on twitter Broonie being at the young bhoys game tonight when we are playing tomorrow.”
Leftclick,
A nice use of the word ‘someone’.
I’d have used ‘a tadger’ ;)
TLWIO
Done up like kippers is correct
From Murray to White to Greengo to Ashley …..with many similar styled intermediaries they’ve been screwed over
My fav is Greengo …he played them like a fiddle
Stairheedrammy
20:32 on 2 December, 2014
If Phils latest blog is anything to go by, and he hasn’t always been on the button lately, then a boycott of Sevco tat might just hasten the demise of this version of the South side tribute act.
Their dream is The”Glib & shameless liar” getting in even though it will be in liquidation he will try and pick up the carcass for, his men on the ground and SMSM are in full swing but these spivs are the real deal Ashley included ,as someone said if they leave anything for anyone it will be a “HUSK” rd Rankers playing out of Hampden with no history is my dream.
Good night all
rd = 3rd
Stairheedrammy much as Phil has done some sterling reporting most of his recent stuff has been a rehash of previous posts. Can,t wait for the day he reports their final demise. Hail Hail Hebcelt
Spoke to a wee sevco fan today. Totally confused he was. Hes got a £10 voucher and he thinks its only worth 75p now.
Bless!!!
I think many on here are getting too carried away in taking delight at the predicament that the Huns are in!
All it takes is for Mickey A to come to Glasgow just once and catch “Rankeritis” and we’re done for!
Surely they have been punished enough?
That’ll be a no then!
Getting to the stage where the Huns are truly FUBAR!
HH
We just might have a very special guest on CQN on Monday mid-morning.
There’s only one King Billy…
stairheedrammy- i wonder how Ashley would view a boycott of his shops?
I miss Challs
#bringbackchalls
Could this be the end of this tribute act, killed by their own fan (nies). Great score for the bhoys tonight though what do we expect against a lower league team?
Fancy a wee read?
http://moonbeamswd.wordpress.com/2014/12/01/second-star-on-the-right-and-straight-on-til-morning/
MWD said AYE
Wonder what McCann, Stewart and Tanner would have made of this incredible reaction by Leed’s young Brazilian Adryan after a Johnny Russell challenge on Saturday …
https://vine.co/v/On3vUw6WLp7
Answers on a postcard please …….
2-1 Them !!!!!
A’ll get ma coat !!
Bada@19.45
John Bishop didn’t miss and hit the wall in at least one of the tweets back.
Liked John Bishop, like him even more now. Seems to have an affinity with us.
Delighted to be wearing the Celtic rig in the Petrov match.
Onlooker@20.02
Good call. Rest assured that Columb mistake (for once in our favour) will come back to haunt us probably in the league cup semi against our newest city rivals. When we protest we will be reminded of that decision and a contested throw in which went our way in 2008.
Notparanoidenoughcsc.
Good result for the Development squad tonight. Think the scoreline will be similar in the League Cup Semi Final.
Well done the wee hoops.
Embramike
That was just brilliant!
Can anyone c&p the piece from jim the tim on kds pls?
Heartbreaking.
P
No wonder Asley is giving them loans if he’s getting £7m from thr retail sales ….silly, silly sevconians….