While I was busy telling one of my first bosses how much money we were going to make in a year or two, he made a comment which has remained with me since, “If you don’t make some sales next month, we’ll not be around to find out if you’re right.”
Plans for 2022 don’t mean a fart to a company which is haemorrhaging cash, billionaire funders, nomads and auditors, all the consequence of a two year war of attrition as newco Rangers tried to fight off an insurrection.
There are literally thousands of metrics you can use to compare the prospects of football clubs but let me draw your eye to a couple, which will give you real insight into the future.
Last season Celtic had 475 “full time equivalents” in employment, 318 people in non-football roles and a further 157 in football operations (players, coaches etc.). If the average pay of those 318 non-football full-time staff was £25k (I doubt it’s this low), their combined wage bill would be just below £8m. Celtic’s total annual wage bill was £37.766m, total operating expenses were £59.885m.
If you want to win the Scottish Premiership, this is what you’re competing against.
Newco Rangers announced operating expenses (before amortisation) of £15.684m for the six months to 31 December, which included £6.7m wages, covering both football and non-football staff. If the figures for the second half of the year are consistent with the first that would give them around £31m income and a £13.4m spend wages. Income is around half Celtic’s expenses and wages a fraction of Celtic’s
What newco need is tens of millions of pounds of investor cash, the £50m Dave King spoke about ‘when in opposition’ is not an overestimate.
Anything they say before “Here is the £50m investment we need” is there to take attention away from the fact that they haven’t said “Here is the £50m investment we need”. When they say that, they’re in the game, until then, they’re cannon fodder. When they stop talking about the £50m needed, they know it’s not coming.
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MARSAPA….aw My Man.
.
SABRINA….now thats what im saying….
DD,
It certainly looks that way :)
I am worried that Nir Bitton may be a target for a richer team than us come the next window. He recycles the ball like Ki, but makes more forward passes. He always seems to have time on the ball and he plays with his head up, both signs of a quality player.
Auldheid 21:22
….PFayr supports WeeOscar
Auldheid
What’s the story re Danny Wilson ??
==============
Just repeating a rumour doing the rounds yesterday about a pre season signing
————–
Everything is wonderful…….
=================
The context of the original post was that we are looking ahead, not who we are looking at. I’ve not seen enough of the lad to make a judgement.
Auldheid @ 17.52
He talks as much sense as if he’s got an ancient cranium.
:o)
HH
ginger
I mentioned the boy at Aberdeen already – then he scored a hat trick against our Development Squad.
GM
Couldnae happen to a better bunch.
Karma’s a bitch! :)
Ger
We thought that about the Maestro for his full career with us.
Nir is a huge talent like Paul was.
Hope you are keeping well G.
Craig10
Josh is a great admirer of Jason
BSR about half 8.
“Delph looking fragile in midfield”
Typical Internet bampottery.
….PFayr supports WeeOscar
21:55 on
31 March, 2015
DD
Loaning out a 17 year old to a team in a league were the opposition can boot them up and down the park with impunity ……
I dont think the Norwegian league is full of shrinking violets.The boy was a sensation playing against them.
Think the problem will be for the hammerthrowers trying to get near him.
My mate mailed me this tonight, I mind reading it a couple of years ago, a great read from a boxing fan..BRTH.
https://broganrogantrevinoandhogan.wordpress.com/2013/06/22/the-quiet-man-who-appeared-in-a-suit-he-was-the-real-thing/
Night all.
Barnes said there was negativity towards him from day 1 at Celtic Park,total nonsense.
Tbj,
Ach, not to worry, you will grafting soon and be able to buy a loaf:)))
Night mate, goodluck.
Itv 4 tonight.
Sport life stories, john Barnes.
I thought him, dalglish, graham Taylor and Ian wright came across as honest human people.
How could you go through Hillsborough and not be affected.
Wc,
I’m sure the dons lad scored for his international side the other day too.
Auldheid,
The ‘everything is wonderful’ part of the earlier post from glass2/3s was in reference to another Danny Wilson ;)
HH
Jason never did himself any harm with his performance when he came on either.
Thats what playing for Celtic does for you.
DD
Hi, mate. I’m doing fine, thanks. Sorry I’ve been unable to get to the recent shindigs, but I’ll defo be up in Glasgow soon to meet up for a drink with the bhoys. I see you’ve been pretty active. Good on ye!
HH
Administration for Sevco, no great surprise,25 point deduction? Fingers crossed
Need some advice from those in the know, please.
I have a Samsung S3 and am travelling to the UK. How much would a sim card cost for me to stick in my phone when I am over? Or how much do the pay as you go phones cost? I haven’t got a clue about this stuff.
Trying to figure out the cheapest way to have cellphone use just for internal UK calls when we are over.
Thanks in advance.
HH
quonno
21:28 on 31 March, 2015
petec
21:04 on
31 March, 2015
blantyretim is praying for the Knox family
20:57 on 31 March, 2015
petethebeat
It’s the press who we are having a go at
They have the boy as the new saviour
Read on here yesterday that Sterling had rejected £180k per week from Liverpool
Shocking
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A player that age should have a lot more respect for a Club that made him, and how much they are pushing the boat out to keep him.
I don’t predict a good future for this dude, Football is a Team game last time I looked.
Why should this particular player or his agent be any different from the rest of the sharks involved in football?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
You are right m8ty, it disnae matter the sums involved. Who knows, maybe Liverpool are desperate for a big fee to.
I just cannae wait to see A Celtic Team, that has been schooled and trained in the Celtic Way.
£1Mill is the stuff of dreams for any person, Celtic players, not even high profile ones, can make that in a couple of seasons, the majority of Celtic Supporters will be lucky to make that in their working Lifetime, which is being extended.
The Beautiful game is being corrupted Big Time, I Believe that Celtic are in the most unique of positions to fight for every Celt and Every genuine supporter of Fitba.
The game was up for me, when Juve were helped so much in that first leg. That ain’t a sporting contest.
Atlanta Falcons fined €350k and lose draft pick for next season for playing artificial crowd noise during matches.
Bet they wish they could’ve got LNS to preside over the hearing.
Bada Bing!
I hope it’s a 10 point deduction.
It is their first offence, after all.
Geordie Munro
Glad someone is awake!
!!Bada Bing!! 23:45
Barnes said there was negativity towards him from day 1 at Celtic Park,total nonsense.
—————
So much negativity they were named the “dream team”!
Maybe that’s 15 points, as that’s what Hearts received I think, for their first administration event.
Still my preference, a recognition of their true status.
Night all Night wee Oscar my hero!! God bless x x
Ger
Been looking for you and asking the Ayrshire crew after you at recent shindigs.
See you soon mucker. :)
Glad to read that Ronny is after Kyle Lafferty.
He is impressed by his scoring form and thinks he will be te missing link up front.
I agree.
And there’s the first one!
Make it the second! Doh!
Rwe,
There’s loads of sim only deals to be had.
Getting more popular now as folks realise that it’s ok to keep a hold of your phone and it’s only a few months away from being out of date.
15ish quid will get you a decent 1 month rolling sim. (1000 mins 1000 texts 1gig data)
HH
Thomthetim,
Tut tut ;)
HH
RWE
Two plastic cups, long piece of string, don’t go far from your loved ones. Worked for me for a long time.
What’s wrong with young folk?
Geordie Munro
Thanks for that info. Just about to go and watch The Imitation Game and saw your advice. Sim card it is. 1000 minutes though. Jeez I need some throat sweeties.
HH
rhetorical
Christmas present years ago – two cans painted with flash Gordon stuff joined by a piece of string. :o)
Was that question at the end your signature sign off?
Don’t answer :o))
HH
OK I won’t answer but mine had Tonto on one and The Lone Ranger on the other one.
Is this an offence? seems so,but wtf…
http://www.dailyrecord.co.uk/news/scottish-news/football-fan-admits-calling-celtic-5435455
So the new auditors have raised the “going concern” question.
From the Herald
Early indications from existing “significant shareholders” were that there would be “positive support” for a rights issue in the summer “and this is the mechanism by which interested parties wish to inject funds into the company”.
The board said it remained “confident that work in the first weeks of their tenure will generate the investment required to both fund working capital and to develop the company, football club and playing squad.”
But Jeffreys Henry said there remains “the existence of a material uncertainty which may cast significant doubt about the company’s ability to continue as a going concern”.
The board also said it was continuing to investigate options regarding replacing the nominated adviser, which acts as a stock market regulator.
It came after Manchester-based WH Ireland quit as the club’s stock market nominated adviser (Nomad). That led to shares in the holding company Rangers International Football Club plc being suspended from trading on the Aim stock market on March 4.
An Aim stock market spokesman said that if they do not replace the Nomad by 6pm tomorrow then the plc will face the ignominy of being delisted from the stock market. That would make raising money through a rights issue complicated and mean that shareholders could only buy and sell their shares privately.