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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I thought (I could be mistaken) that legislation in Scotland required that a newco could not be called something that would mislead someone into thinking that they were the same company, and hence, Sevco were called “THE Rangers” to distinguish them from the now defunct team.
If that is the case, then, at a minimum, Celtic should always have “The” whenever we refer to them, to distinguish them from the deceased club.
Aulheid
keep politics out of football
oops too late…8))
just read back and saw the post about Jim the Tim …. thoughts and prayers.
Greeninbingley
Of course it’d be nice, but you know as well as I do it won’t happen. The focus for me is that they called it a Glasgow derby, which is a good thing, a step in the direction.
*right direction.
when will we start to see some of the 6-1 heroes in the first team ? or were they just playing a rubbish team today
Jude
It makes me think on why guys like you, and friends and family have gave up the punting. My mammy calls it Satan’s game! :)
Greeninbingley
whyte had Sevco5088
Big haunds and Ahmed shafted him (ALLEGEDLY) when changing it to Sevco Scotland then on to THE Rangers International football club 2012 (I think)
Ps the zombies were that ashemed of murray they wanted it changed to Achenhowie not to help him but to humiliate him that will do for me, though I often “sit here thinkin” Charlie Nicholas style which lucky zombie Season ticket holder won the right to rename Murray park that big haunds promised:))))
May only good things come your way
goodnight all
PromiseCSC
so it should be bring on the the Rangers?
bournesouprecipe
20:20 on 2 December, 2014
Hitler Youth 1 Celtic Youth 6
__________
I’ll be using that tomorrow, hope you don’t mind :))
mike
21:44 on 2 December, 2014
you are on the mark, would it not be considered trading on the ‘goodwill’ ha ! of the previous defunct company and what it entailed maybe not abad thing here though….
auldheid-not holding my breath on that one Hh
mike in toronto
21:47 on
2 December, 2014
just read back and saw the post about Jim the Tim …. thoughts and prayers.
When was that ?
HH
Leftclick
It was Farmer Auchenhowie fae Milngavie that won the raffle, coincidentally. ;)))
Hi bhoys n ghirls
Still hoping for an answer from some of you more enlightened
Celts about the pair of white football boots presented to wee
Jimmy Johnston in his heyday and Big Jock would not let him
wear them, is it just a myth? anybody.
H.H Mick
Have they not suffered enough
Ewing Grahame in the Telegraph @ 8:14 pm telling it how it is – lol
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) …
Pitchforks and torches at the ready ……
WITS
Naw they huvnae!
the exiled tim
I was referring to Lymmbhoy’s post @21:34 … it is quite long so I haven’t cut and pasted.
It is Jim the Tim (from KDS) that has taken quite ill.
Melbourne Mick
Not sure about Jock banning Jimmy from wearing them during games.
( before my time!)
But I have definetely seen a picture of Jimmy wearing them with full kit on.
He was posing for a photo and I’m certain they were white Hummells
Who said Sally was a bad manager and not going the way of hertz by playing their youth?
He’s a genius :))
Are the huns still enjoying the journey?
have just logged back on saw mike in toronto
21:58 on
2 December, 2014
thoughts and prayers to Jim the Tim and his family
HH
VP-I am :)
VP
Naw they urnae! ;)))
!!Bada Bing!!
22:04 on
2 December, 2014
VP-I am :)
—————–
Me too…what a road (rode) trip.
melbourne mick
burghbhoy is spot on re the white boots……..scroll down about halfway on this link.
http://www.thecelticwiki.com/page/Johnstone,+Jimmy+'Jinky'+-+Pics+(2)
HH
Rangers manager Ally McCoist braced for fire-sale – Telegraph http://t.co/nHCsxQbKk9 great news can’t wait
delaneys dunky
20:59 on 2 December, 2014
Good result for the Development squad tonight. Think the scoreline will be similar in the League Cup Semi Final.
_________
Nope, seven DD.
Are the huns still enjoying the journey?
-they’re certainly gettin’ full value for their 75 pence.
mit
Thanks
Best of Jim
HH
Thoughts and preyers to Jim the Tim.
HH
Preyers? Bloody auto correct!
6-1… a very Merry Christmas to all at the Auchenyowie conveyor belt of talent…
Bada
In that link you posted was this gem of a sentence.
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)
HH
!!Bada Bing!!
22:08 on
2 December, 2014
Rangers manager Ally McCoist braced for fire-sale – Telegraph http://t.co/nHCsxQbKk9 great news can’t wait
—————————————————————————————————————–
Ole Super Salary describing the prospect of winning the Petrofac Cup at the third time of asking as “the dream ticket”.
The guy is just an embarassment….absolutey and honestly…
Class chanter
https://www.youtube.com/watch?v=NPIblVyxCD8
!!bada bing!!
22:08 on 2 December, 2014
Surely shome mishtake, last week Swally was scouting new signings all over England and the war chest was being readied. Next you’ll be telling me not to trust what I read in the record.