After Celtic’s reversal in Astana I pinned the decision to allow Kelvin Wilson to leave after the Elfsborg tie as critical. It left us playing an unaccustomed central defensive partnership against Shakhter while generating only £2.5m.
Before Saturday’s game with Dundee United Neil Lennon suggested the player and his agent had been “naughty”, which might explain things.
It is not unknown for players to cite that they are “not in the right frame of mind” to compete for the club which pays their wages while there is an alternative deal on the table. This tactic is a certified banker for the player, who does not need to fail a fitness test, he just needs to look a bit down in the dumps. It is a shocking state of affairs which can cost their employers dearly.
I’m absolutely delighted to see the emergence of some interest in Celtic’s financial position over the last week. The club have long term loan agreements, an overdraft facility, and, at any point in time, cash on deposit. We have preference shares which, as long as the club attains certain financial covenants, will attract a dividend. At any point in time we also money owe trade creditors, utility companies, other football clubs and HMRC, but as you know, for 126 years Celtic have always paid their bills.
Our NET debt position at on 30 June 2012 was £2.77m. Since then we have had an excellent financial and footballing year. In 2005 UK accounting rules changed, re-classifying some equity categories and debt. In their 2006 financial statement, then chairman, Brian Quinn wrote:
“Under FRS 25 the group’s Preference Shares and Convertible Preferred Ordinary Shares, previously defined as equity, were reclassified as a combination of debt and equity; and non-equity dividends were in essence re-classified as interest. As a result, net assets were £3.8m lower, net debt £4.7m higher and interest charges £771,000 higher than would have been reported prior to the implementation of FRS 25.”
This was “hidden” away on page one of the accounts. Further details were published at appropriate places throughout the accounts. A video presentation was also given to shareholders and the media to explain the situation further.
Perhaps the word “transparency” should be used instead of “hidden” by some.
For further reading on FRS 25 see page 5 of this report.
[calameo code=000390171c1dd95770bec lang=en page=100 hidelinks=1 width=100% height=500]
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TET
Don’t agree mate, the majority of the support don’t care all that much. Yes folk will bang their gums at the lack of cover at left back or the fact that we should have signed an additional forward, or at least kept a hold of Watt.
However, I don’t believe there’s a split except in cyber land from what I can see.
This may well have been different had we not signed anyone.
THE EXILED TIM
00:44 on 3 September, 2013
========================
TET, I’d counter that by pointing out the people most obsessed with money in the past months have been the mineshafters who have incessantly whined about how much we’re NOT spending, and how much we SHOULD be spending.
All the arguments about sell-on value, etc, COME from their initial malcontentedness – and obsession (‘£5 million proven-goalscorer’ cliche being the most oft-repeated) – with not how GOOD Celtic think a player is (e.g Puuki) but how MUCH he cost.
Perfect example earlier today when I was getting it in the neck for describing a criticism of Celtic for not OPENING talks over Finabogsson at £5 million as muppetry. The poster wante dus to STARt talking at £5 million, ultimately pay £6-7 million plus when a Budesliga side had already looked at it and declined.
Finabogsson never sold. Yet he was criticising Celtic for not paying Heerenveens multi-million pound over-evaluation. I mean, whit?
The mineshafters – invertly and ironically – are more money-obsessed than those who kept their powder dry and waited to see how Celtic manoeuvred.
WITS,
To be honest, financially the club is doing no bad, I believe we could be doing better.
Morally I think they stink, my values place money well down the pecking order. Pretending the club will not survive without selling its soul is the biggest lie currently being propagated.
Tacit approval of the SFA is where we are, many on here ask what we can do, one thing for me apart from what I ask in the resolution would have been to resign from every SFA official post held by the club, we are first and foremost a football team that IMO should be the only contact with the SFA, everything else is approval of their MO.
HT
Big queue to down to London rd, backs your contention.
Sandman @ 00.54
word of the week * malcontentedness *
JackMcGinn CSC
Three and in bed CSC
Sandman,
That’s a lot of drivel and you know it, the “mineshafters” are a lot more positive about the club than the so called “happy clappers” it’s the so called “happy clappers” who continually run our club into the ground telling the whole world how un attractive we are and how no one in their right mind would want to play for us irrespective of the money on offer, Ignoring the fact that we are still Celtic in fact making that out as if its some sort of validation of their argument, yep the “mineshafters” ask for money to be spent and why not ? It’s our money ffs.
The only think the so called “happy clappers” seem happy about is that they agree Celtic is not attractive to what they consider quality players, for whatever reason quality players can only be bought for upwards of £20M and that all “mineshafters” demand £20M is spent on every future player.
bournesouprecipe
01:06 on 3 September, 2013
Sandman @ 00.54
word of the week * malcontentedness *
JackMcGinn CSC
============================
Lol. Was it Jack McGinn’s coinage?
I always had it in my head as one of the Kellys, not Michael, the other ghoul.; Celtic View, arms spread in front of the Cambuslang toxic pit, ‘They Said It Would Never Happen’.
Aye, and it didn’t, ya parasites.
FergusMcCannCSC
.
Right Bhoys..I’m Looking for a Favour..
My Best Mate..Who l was reunited with after 15yrs thanks to Curly of CQN adding a 1 to the Old phone number l had for his Mum in Aberdeen..Thanks again Curly..
Anyway we Lived in Rotterdam together and he wants to take his Dutch son to his First ever Celtic Game..You know where l am Going here don’t You..
l took him and His son on the Stadium tour 3 years ago..But he has told Papa (My Mate)..“No Papa it’s Celtic l want to see.. Not the Stadium”He has done the Stadium tour twice Now..Ha Ha
So l am Asking can Anyone get a Parent/Child ticket for the Ajax game at Celtic Park on 23rd of October..
l have Asked Styne to try and get tickets for the Amsterdam Arena..Don’t know the rules for Now members in Holland but he will try..
Anyone who can help please contact me @ bhoysofoz@gmail.com
Would Love to Help 2 Celtic-Feijenoord Fans Support The Hoops Vs Ajax..@ Paradise..
Thanks in Advance..
Summa
What would be the point of spending more money on Lennoxtown to rear youth’s who get a few preseason games,play well then disappear or get loaned out?
Our coach disnae play our youth.
He’s to cautious for that!
canamalar prays Oscar can do it again
01:11 on 3 September, 2013
========================
Nope. Nonsense there, canlamar.
It’s about perspective. Mineshafters offer NO rational solution to their greets.
All I hear is petty snipes at board policy. All I hear is malcontentedness for malcontentedness’s sake. The toys go oot the pram and nobody offer any ideas as to hoew to get them back in.
The ‘happy clappers’ have attmepted to offer perspective – this is where you get the harsh reality of viewing Celtic from a player’s career perspective; backwater league, little competition domestically, lower wages than elsewhere.
Aside from the obvious – Europe – there’s little to use to entice a quality foreign player here. If you don’t like hearing that, there’s notihng I can do about it. It’s a fact of our existence.
So when we DO persuade a genuine prospect to sign, ergo Pukki, it should be celebrated. Instead, with some, we get lips tripping them and transsfer fees used as some kind of weapon against the club’s integrity; perverse condemnation for getting him relatively cheap.
If some people need the fantasy of an evil corporate entity incrementally tainting the glorious lustre of Celtic’s soul, then fair enough – let them fantasise. But I’ll reserve my right to slaughter them for their crass and inaccurate sleights against the club when it’s for no more reason than their own personal frustrations.
This transfer window showed us the bitter entitlement many ‘fans’ share which spills over into irrational outbursts.
All because the club didn’t think it prudent to commit to a 5, 6 or 7 million+ stirker to satisfy their egos and give them sometihng to brandish among non-Celtic acquantances, workmates, perers, etc.
There’s a Scandinavian phrase for having a sense of such destructive entitlement it blinds one to long-term fiscal damage if favour of transient triumphalism – it goes sometihng like this:
‘Torre Andre Flo.’
Australia has a general election on Saturday coming.
I wonder if Mr.Paul,our blogmeister,is aware that his “baby” is being used to carry party political advertisements AGAINST Tony Abbott, the leader of the Liberal party.
De facto advertising FOR the Labor party.
Has he sanctioned this ,thereby allowing his “organ” to editorialise in favour of the Labor party?
My God the negativity on here is getting worse, and ever more desperate as they plumb new depths in their mud-raking.
The landmark moment for me was less than 5 minutes after the final whistle last Wednesday, when one very prominent mineshafter was on CQN trying to pick fights with fellow Celtic supporters. I got the impression he was not at all happy with the result.
That said it all for me.
Celtic supporter my arse!
macjay –
I arranged it.
I hoped you wouldn’t mind :-)
Canamalar….
Look at all those TOP leagues in Europe …. 7-8 teams in leagues where teams tv revenue is 20-50 times more than we get spent more this window than us???
You want money spent ?????
On who??
Fin bog what’s his name? ….
The money wasn’t right!
Like going into ASDA for a pint of milk and being asked to pay £4 for it !!
Others!??
Look at that Diddy templeton ..
WE questioned his desire for going to servco for the money ?
A Diddy league we said .
With no servco in the SPL which top class players are going to come here?? CL or no CL? Many??
None !
Mind guys….. We’re away to Inverness on sat then a trip to Ross county midweek lads !!….. Which top class player fancies developing against that s@@@@e?
We have a team guaranteed to win SPL
And hold their own in europe!
I showed you the facts!!
I reckon we will be in the top 25 clubs (transfer fee wise ) this window in WORLD FOOTBALL!
There is a pattern growing … The world economy is on its backside …
Every club big and small is watching the pennies
Tom McLaughlin
01:50 on
3 September, 2013
Cheers,Tom
Great to see we`re on the same page.
Literally,but not metaphorically.
:-)
Summa , you’ve got mail
Sanna
Pauloantony
We have a team guaranteed to win SPL.
Exactly.
Which is why I don’t understand the cautious approach to tactics and team selection in Spl games.
Surely we could be using some of our much vaunted youth in some of these games?
I f our custodians are reluctant or unable to recruit our first choice targets then surely it’s imperative we start to produce from within.
Rogic is a sensible buy but he was not given enough game time last year in preparation for this season.He has not improved much since he joined but that’s more to do with lack of game time than ability.
Someone should have a word with Neil and stress the importance of us giving our youth the chance to prove themselves and the domestic competitions allow him leeway to do so.
TSD
Blue Whales?
.
Sannabhoy..
Cheers replied..(Sorry Tom)..;-)))))
Summa
Ok I suggest only bored positivity between now and January Willo time.
A temporary exemption till the end of the year assuming we dont get pumped more than 5-0 a la Juventus.
This moratorium to not detract one iota on the synonymity of Celtic and its custodians to further promote Tim Camaraderie (Does he still play for Dundee Utd?) can only be for a just cause. Come on all ye like malcontents lets be having you.
Canamalar
Now I’ve heard it all. The folk like you, who criticise almost everything the club does or doesn’t do, are more positive than those who don’t. Where’s the logic in that?
You have stated often that the club management are bent on “dumbing down” our expectations, that they are not ambitious, that they are only interested in fleecing the support etc etc etc. You accuse the club of undermining the team by not buying this or that player.
Anyone who disagrees with your view is dismissed as a delusional “happy clapper”.
Oh yes, it’s very positive to dismiss new signings as tenth choice before they’ve even kicked a ball, very positive to cast aspersions on individuals’ motives and characters when they make decisions you wouldn’t. Sorry, but you’ll never persuade me. Your thought process is tortuous. Your attitude reminds me of the scribes and pharisees as described in the Bible. Every syllable uttered by those who don’t agree with you is dissected so that you can find a fault or an insult.
And you’re positive. Aye, right.
Are we really in the worst recession since the great depression?
.
macjay1 for Neil Lennon
01:44 on
3 September, 2013
Australia has a general election on Saturday coming.
I wonder if Mr.Paul,our blogmeister,is aware that his “baby” is being used to carry party political advertisements AGAINST Tony Abbott, the leader of the Liberal party.
De facto advertising FOR the Labor party.
Has he sanctioned this ,thereby allowing his “organ” to editorialise in favour of the Labor party?
..
Australian Politics..Ehhh..
The Liberal Party..Are Errrm..The Tory Party..
And..
The Labor Party..Errrm..Cannae even Spell Labour..
Fair Dinkum..
At least The Green Party is..Errrm Green..;-)
Summa
Summa of Sammi….
02:38 on 3 September, 2013
They’re all a bunch of drongos?
Can you say drongos?
.
Mags..
A Drongo stole My Baby..Literally..;-(
Summa
Drongos Dingos Dongers By Crikey
Back in the late 80s, Celtic held a public sale at the park for tickets to Ibrox for a forthcoming derby. It was the last ever public sale of Ibrox tickets for reasons that will become apparent.
The sale was scheduled for 10am on a Wednesday morning at the gates to the old west terracing next to the main stand. My brothers and I decided to go to the park early, by which I mean about 3am. When we arrived there was already over 100 supporters lined-up. At sunrise there were a couple of thousand at least. By about 7am there must have been about 5,000 and there was a bit of a crush developing as the crowd pushed towards the gates. There was still 3 hours till sale time. We were all standing tightly packed, shoulder-to-shoulder near the front and there was a bit of swaying going on as police reinforcements tried to control the crowd. It got quite scary at times, I don’t mind admitting.
The police then advised the club to open the gates early and about 7:45am the gates did open. We got our tickets but not before a few more nervous moments when we were crushed against the walls between the turnstiles.
There was a league game at Celtic Park that night. I can’t remember who against, but my brothers and I duly arrived, after a few hours sleep in the afternoon. As we queued to get in, there was a big argument going on in front of us. When we got inside, one supporter was still bad-mouthing a steward. As we walked up the steps, the man was right beside me. He said, “What do you make of that eh?”
“What’s that?” I asked.
“They advertised a sale of Ibrox tickets for 10 o’clock this morning. My son and his mate arrived at a quarter past ten only to be told the tickets were all sold. Apparently that shower o crooks up there (the board) decided to put the tickets on sale at 8 o’clock,”
I just laughed in the guy’s face.
My first experience of a mineshafter.
:-)
TOM
Wouldn’t it have been better to have simply explained to the fella what had happened?
.
Scout report: Teemu Pukki – a shot at glory
He may wear number 10 for Finland, but 23 year-old Teemu Pukki isn’t what one would call a traditional playmaker. Commonly used as a lone forward for club and country, tictactic reviews 77 minutes of Finland 1-0 Belarus from June, 79 minutes of Spain 1-1 Finland from March and 36 minutes of Schalke04 2-1 Borrusia Dortmund – also from March.
Quick Summary
At 5’11″ Pukki is the shortest of Neil Lennon’s summer signings, dragging the average height of the 6 players signed down to a still lofty 6’3″. Beginning his career at Finnish club KTP, he also spent time with Sevilla (33 games for the second team), Celtic’s recent Champions League opponents HJK and latterly Schalke. In Germany, Pukki was unfortunate to say, a squad player. Starting just 5 games and coming on as a substitute on 29 occasions, though grabbing a not too shabby 8 Bundesliga goals during these games. He is thought to have cost between 2.5 and £3m with reports placing him on around £12k/week with some as high as £25k/week, and his decision to move to Glasgow seemed to be influenced by the prospect of Champions League football.
Primarily a No. 9
The Spain and Dortmund matches viewed as part of this report stood out as particularly difficult ties to form a review of an attacking player, specifically as these are two of contemporary football’s, not only attacking sides but sides that most relentlessly harass and harry for possession. This affected Pukki’s positioning against the Spaniards especially, hugely under the kosh and being forced to work back deep into his own half – though he managed to hit the back of the net on the counter.
Finland shape against Spain and Schalke vs Dortmund
Finland shape against Spain (left) and Schalke vs Dortmund (right)
Finland made a rare breakaway on the left, with Alexander Ring providing a teasing cross in the final third. But Spain’s backpedalling defence couldn’t keep up with Pukki’s darting diagonal run, as he stole between Sergio Ramos and Jordi Alba to tap-in from close range.
This one-touch finish after by-passing a defender through off-the-ball movement was a recurring theme throughout – with another example against Dortmund late on (having come on to replace the injured Jan-Klas Huntelaar after 54). Jefferson Farfan cut the ball back after some fine work, and just as Pukki tapped in what would’ve been a certain goal, he was taken out by a combination of team-mate Michel Bastos and Łukasz Piszczek. But the movement and desire to get into the box was there.
Earlier, there was a suggestion as to what might happen given time to think on a finish, after Julian Draxler robbed Neven Subotic of possession before squaring to Pukki one-on-one outside the box. The pass was too square though, allowing Sebastian Kehl time to catch up, and Pukki lifted his shot straight at Roman Weidenfeller at a time where Schalke were just a goal ahead.
Despite these similarities with, say, Dirk Kuyt – that is, a forward renowned as much for work-rate and movement as he is for finishing, and not so much a technique – I am promised by some who watch the Bundesliga that Pukki has No. 10 tendencies.
He was given something of an opportunity in this respect against Belarus recently; he and the delightfully creative Roman Eremenko (not the former Kilmarnock player!) playing just off lone frontman Kasper Hämäläinen.
Though Mixu Paatelainen’s side were playing at home, it was a tad frustrating that Finland probably held less possession – therefore making the front 3′s job less attack-minded and more tracking back, and it’s already clear the Pukki is a determined hard-worker.
This made for a rather quiet attacking example, with few opportunities to take men on and Eremenko the real shining light showing great vision ahead and a great range of passing. There was a Lennon-like moment where the wide attackers switched flanks for a spell, but the only real highlights to speak of came in the second half: first displaying a ferocious shot whizzing a shot just past Syarhey Vyeramko’s left post, and second a delicious through-ball for Hämäläinen that took two defenders out of the game – snuffed out at the last moment by the full-back.
Conclusion
Of course it’s obligatory to mention that Pukki is fitting the same mould as Derk Boerrigter and other recent signings – in the broadest, moneyball-ish, sense he’s young, highly rated and has the chance to grow into a valuable asset. More acutely, he’s also relatively big, a powerful runner with lot’s of stamina, continuing Lennon’s fixation on using brawn to overcome the brains of Europe’s elite.
Like Amido Baldé, there seems to be a bigger cost, a bigger gamble associated with bringing in young, talented forwards. With many expecting a like-for-like replacement for Gary Hooper – one to grab 30 goals in a season – Pukki’s goal-scoring record (and performances in aforementioned matches) will disappoint some of the harsher critics.
But like in replacing Victor Wanyama, Celtic don’t really have the luxury in picking out like-for-likes. A final year of contract Hooper cost £6m, and Wanyama £12m because they are known quantities. Pukki’s lack of top flight exposure – and lack of goals on paper is a worry and at this level a bit of a rarity.
Regardless, what is guaranteed is a hard-working, willing runner with a one-touch route-one nature. He could easily be described as the anti-Anthony Stokes!
It is this contrast in style that sets Pukki about from the other contenders in Lennon’s front 3 (4-3-3) or front 2 in a 4-4-2. And given his lone utilisation at times for Schalke and the national team, it’s another shot at a bona fide targetman.
This is probably the best way to describe him – a shot at bringing in real quality, and the financial stakes for Celtic are high.
Summa
Tom McLaughlin
02:56 on 3 September, 2013
That’s the day a trodden on Tim shoved a lit fag up the arse of a horse of one of Glasgow’s finest and we got the free rodeo.Remember? Didnt add to the friendly atmosphere I must agree.
On the topic of the great depression NBC outbid FOX in North America for EPL live TV rights this year. FOX did an ok job actually for the last 3-4 years. In that time lots of information from many leagues globally. It was an interesting source of info but with the EPL as its main attraction. At the start of the various football seasons last month FOX kind of lost their direction and imagine my excitement over the last few weeks as they have even showed Celtic games. Well FOX pulled the plug on the whole thing 2 days ago for North America (I think). So now I am going to have to depend on you internet bampots now for info. Damn!
MAGS
In that case.you’ll be delighted to know that we signed Robbie Keane and Wayne Rooney.
Sandman/gerrybhoy,
Why all the negativity ?
Tom. And we got pumped 4 -1
It was just before Xmas tickes were on sale and me and Ma mate got there at 5am and queue was down near London rd
I remember it was snowing and about 7am some guy got carried away from fron of queue for being steamboats
Me and my mate were on if the last to get tickets. 2 per person
Think chris Morris scored from a free kick 1st then the roof caved in :(((
Sydney Tim –
That’s the one. I remembered Chris Morris scored the opener in about 2 minutes and we got smacked 4 or 5-1.
BMCUW –
I didn’t need to explain what happened. Several stewards had already explained it to him but he was having none of it. He was a complete arsehole, you know the type who tells the steward, “I pay your wages.”
macjay –
I was sure you’d be voting for my neighbour . . . Clive Palmer.
No?
:-)