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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£50 million to catch us if we stand still which is never going to happen, you have to remember that even with murray and mastertons backing and the use of DOS and EBT’s.
they could’nt compete with us.
we are one of the best run clubs in world football but we need CL football 2 out of 3 years to keep on improving, can you really see sevco get past a 1st round CL qualifier if they miracously won the league within 3 years.
i will bet diamonds a large % of the orcs will walk away if they don’t go up this season meaning even less revenue and more losses.
It will take them years to be a top 6 spfl side unless a sugar daddy (don’t laugh) bank rolls them.
This is karma for the cheating 9 in a row years so enjoy tims, me i will never tire of ripping it right out of them.
HH
Super Guidetti opens the scoring for Sweden u21’s
Swedishnotsoquicknews
Jude
In short, a nomad (a NOMinated ADvisor on the AIM) is a person whose job is to ensure that a company ensures with proper legal standards and requirements when a company is trading shares publicly. He reports to, in the case of the Zombies, AIM.
In effect, they are the stock market’s watch dogs, who try to make sure that there is no monkey business going on, so that if people buy shares, they have some assurances that they are not getting cheated.
the resignation of a nomad is often (but not always) a sign that something is amiss with a company.
If a nomad quits and is not replaced within 30 days, the company’s shares cannot be traded on AIM (and, in effect, can make shares very difficult if not impossible to trade, and render them practically worthless).
so, in spite of what Sevco is saying, not getting a NOMAD is a big deal.
TBB
Did your brother qualify? If so, and part of his job is putting animals out of their misery….
JJ
Penny dropping right here:
http://goo.gl/pbGlTH
I’m not being a spoil sport, and I really do understand why their antics do command our attention but just scrolled back and Celtic hardly got a mention, maybe just one lad looking for a pub in Amsterdam to watch a game, other then that its post after post about the Huns. Must admit I’m sick of seeing them hog all the limelight on here, roll on Friday and maybe we can have a chat about the ‘tic.
There is a major event about to come down over at Ibrokes. Radio Clyde normally cut anything negative that a caller wants to discuss, but last night, educated followers of Rangers were allowed to put there damning points across as if it was them that was educating the hordes, to the bad news.
Armageddon soon
Kittoch
Cheers guys. The 2nd bar looks good. I’ll make sure I pay the face painter tho.
Have Radio Clyde issued an apology yet for using the word Liquidation?
Nomad! That ‘Quiff’ Murray and The Castlemilk criminal are sowing their masonic fraud.
I hope UEFA take note of this situation,what is happening to FFP? or am i mad in asking.
HH
corkcelt
There were several very good posts explaining why, did you see them?
Corkcelt
I think the godforsaken, pesky international break thingmy has also been a contributing Factor.
Roll on Friday night!
I’m still in the hunt for a ticket if anyone has a spare one down the back of the sofa!!!
;-)
ForlornCSC
HH JamesGang
josiebee
16:15 on 31 March, 2015
Cheers guys. The 2nd bar looks good. I’ll make sure I pay the face painter tho.
——
;-)))
FortyQuidCSC!
HH JamesGang
Josiebee,
Google maps says it’s a 7 minute walk from Waterlooplein station. Looks fairly central and a definite for me to visit next time I’m in Amsterdam, I wish I’d known about it 3 weeks ago ;-)
I’m in Amsterdam on Thursday, flying back on Friday, might give it a visit and try and get an early body paint, 5 gallons should just about cover it.
Does any of the experts in here think that it going to bother thems to be delisted, it would make it harder for then to get a bank account more than it does now yes?
21/05/1979
It’s a cautionary tale and no mistake…
He spent 2 years knocking his pan in to get the Highers he needed, plus an endless series of Easter and Summer holidays working for free on the farms – lambing, mucking out, all the fun stuff – to demonstrate he was committed to the vocation.
Finally, he got into Vet School. Cue great delight all round.
He then spent 5 years at Vet School knocking his pan in again, and at last graduated. Cue more delight.
He then got a job in a city practice. Cue even more delight.
After 6 months of work it dawned on him that he really hated being a Vet. It wasn’t the animals. It was the employers. Fechers wanted him to actually ‘bill’ pet owners for making their darlings well again. I mean, did James Herriot ever submit an invoice? Let alone require to deliver £100 of billing every hour.
15 years on, he’s still a Vet and he still really hates it. His problem is, other than selling pharmaceuticals, there’s nothing else he’s qualified to do, or at least, well enough that folk’ll pay him to do it.
So he spends 6 months a year schlepping as a locum, then packs up and goes off surfing, plays his guitar and drinks beer until his cash runs out. Returns to locum again, and repeats the cycle.
It’s not all bad I guess, 6 months on the road and all each year, but it didn’t work out as either he or the old man planned. Certainly I doubt the old fellow had the Dean Moriarty lifestyle in mind for his youngest son all those years ago.
Lesson: Wait ’til you’re grown up before you decide what to do. It’s worked for me so far, and I’m pretty sure by the time I’ve grown up, I’ll have a pretty clear idea.
Bournesouprecipe
hello there,hopefully will catch up with the bold KilbowieKelt on Thurs for a pint.will keep you posted :-) he is doing alright :-)
HH
bournesouprecepie, I don’t care why. I’m just sick of reading about them. It seems we are more anti Hun than pro-Celtic. Its a blog and people can talk about what they like and who am I to object. I just prefer the blog when we are chatting about Celtic stuff.
I am pondering over the reasons for the popularity of the St Mirren game on Friday.
As always, there will be more than one reason but one I am hoping is included is that many supporters are now buying into the Ronny Revolution and not only enjoying the footballing fare on offer but feeling the birth of excitement for the future.
JJ
Everything’s hunky dory over at Poundland………..
Businessman Jim McColl upbeat on Rangers’ future
One of Scotland’s foremost business figures, the Clyde Blowers chairman Jim McColl, believes Rangers will prosper under the new regime running the club.
Dave King, Paul Murray and John Gilligan ousted the previous board in early March.
“I think it’s in good hands now,” Rangers fan McColl told BBC Scotland.
“It’s a relief to see we don’t have people in there now that are looking to exploit the club for their own benefit, and that’s what was happening.”
In late 2013, on behalf of a group of disgruntled shareholders, McColl questioned the appointment of David Somers as the new chairman at Ibrox.
In recent years he offered potential investors in Rangers financial guidance and in January he donated his 10,000 shares in the club to fans’ group Rangers First.
“It’s on solid ground now in terms of the financial backing,” continued McColl of the Championship club.
“It was in danger of going down the lower leagues for a long, long time.”
The Rangers Supporters Trust and Rangers First increased their shareholding in the build-up to the extraordinary general meeting on 6 March when King and his allies took control.
“My idea was what is happening just now; you build up the fan ownership,” said McColl.
“You can’t come up with that money overnight. They are slowly building and they have been very good in terms of what they’ve been able to do in the past year with the Rangers Trust and Rangers First.
“They’ve got quite a good shareholding now and that will continue, I’m sure.
“The current major investors – the Three Bears [Douglas Park, George Letham and George Taylor], as they call them, and Dave King – are very supportive of that approach.
“I think a good model would be a third being owned by some rich individuals, a third being owned by the fans and a third owned by the public.”
On Tuesday Rangers announced losses after tax of £2.89m for the six-month period to 31 December 2014.
corkcelt
Well post some thing about Celtic and take it from there, that’s the way it works :)
Corkcelt
It might be because their Account thingy has just come out. Give it a wee bit longer and the team for Friday will be the topic. Is Nir fit?
JJ
OK, let’s get a fag packet out.
They are a business losing circa £1m per month.
They have an on demand debt owed to a madman for £5m.
They had to get a £1.5m unsecured loan to prevent the whole lot of them getting a Chris Graham long service award.
The first thing you have to do is to stem the £1m a month, as if you don’t stop the bleeding the rest is pointless. I would suggest unless they are in the SPL with 35,000+ full price season tickets the basic infrastructure costs of running them means they have to have cash to absorb that loss as it is unstemmable.
You then get rid of the madman, ASAP!
So before a ball is kicked or a goat is stroked, you are £5m down plus whatever money and good will you need to sacrifice to get the bleeding more manageable.
Then you can look at the playing side. They have 12 out of contract in the summer. All good earners so the balance sheet will look nice next year….but….you have no scouts other than Stevie the IT guy and his copy of Football Manager.
How do you replace 50% of a first team squad with no scouting system? Who do you replace them with when you have no permanent manager telling you what players he needs for his system?
I have said many times their biggest iceberg is still dead ahead.
How many of Ra Peepil will turn up every week to watch them being cuffed by Celtic 4 times a year (maybe less if they don’t make top 6). How many will turn up to watch them being cuffed by Celtic, Aberdeen, Dundee Utd, ICT, Hearts etc every week?
Look at the strength on our first team squad. Gordon, VVD, Izzy, Lustig, Johannsen, Biton, Commons, Armstrong, Mackay-Steven. How much to buy that lot I just mentioned? £50m? £60m? They need 10 players of that calibre, for their first team, to compete with us and they need them without a scouting network.
If Mr Glib came in and slapped £70m down Celtic would take notice, until then they are an insignificance. And believe me, it will take minimum of £70m external, additional investment for them to make in roads on us.
They will be promoted this year and then they will take up their place of the best of the rest. Winning the odd cup and beating us now and then.
Players win games, wage bills win leagues. They better buy some thermals for their life in our shadow.
TBB
He could trying euthanising zombie Fitba clubs and worming their adherents?
Not sure they too keen on the invoicy thingy but……….
HH JamesGang
“@ChronicleNUFC: #nufc in line for £500,000 if Rangers get promoted… Here’s why: http://t.co/wYaxBanMIE http://t.co/cw6tJcgTE0”#hilarious
There is talk about Nir possibly starting for Israel tonight, so he is not too bad. Only problem is if he plays and he is not 100% we could have a more serious long term problem.
bournesouprecipe16:18 on31 March, 2015
Have Radio Clyde issued an apology yet for using the word Liquidation?
———————–
And The banned BBC gullibly swallowing every bit of fraud corruption and criminality that farts out of the cheat.
All under the sayso of The BBC Trust and their same club kack
establishment protecting ‘pockled and broke’ establishment!
They died.They know it.They know we know.They know we will remind them of their fraud,corruption and criminality when they start their ‘relegated’ ‘pit doon tae’ or demoted kack..
HH
justpaytheeffinfacepainterCsc
The Battered Bunnet
He sounds like a good lad, its always the feckin people (suits) that balls it up. Did he ever get back into the Celtic ? My eldest is having a ball at uni just now but God knows whats awaiting him in a few years, might as well enjoy it just now while he’s young enough.
“You can’t come up with that money overnight. They are slowly building and they have been very good in terms of what they’ve been able to do in the past year with the Rangers Trust and Rangers First.
Ehhhhhh, Mr McColl, Dave King said he was putting up £20 million as soon as he got in, oh! And while I’m at it, didn’t you walk away?
TBB
Your brother might be younger than me but tell him he’s my HERO
Greggs ‘” more than meets the pies”
Sky2
Thought …Ally might be in the que !!
Naw!! Naked women doing a calender shoot and a shoplifter dropping his troosirs , jeezo lol
Phyllis Deitrichson 12:48 on 31 March, 2015
When, exactly, did Deloitte walk away?
We’re told today that it was after they had signed off the June 2014 accounts, but at the AGM in December 2014 one of the motions was for them to be re-appointed as auditors.
………………………..
That’s quite enough. We all know that they wouldn’t lie. Look at the board they have now, not a liar amongst them.
Oh wait…
hahahahahahahahaha
Achmahsides CSC
corkcelt
don’t read it, and just read the Celtic posts.
Not heard the old ‘ Warchest’ gag for a while coming out from the huns, hehe
I saw the Isreal game right to the end and at the time I said big Biton looked ok when the game finished, I think the x Ray was just a cordial precaution on behalf of his club team, to be honest I don’t know what the hell he was doing on the bench, there was nothing in the Isreal team that looked as if they where better than him, but I’m prob. Bias.
JJ
See above to 21/05/79
And yip, I suppose it is. A quick pat on the head, a sedative, a shot of pentobarbital straight to the kidneys as I understand it, and a £50 bill for the owner.
“Will that be cash or card Madam?
“We recommend this book on pet bereavement. You’ll find it very comforting at this sad time.
“Yes, it’s just £10, and a royalty goes to the RSPCA. I’ll add it to your bill.
“Now, about Benjy’s disposal. Do you want to take him away, or would you prefer we arrange a cremation?
“Of course there’s a cost involved, but many of our owners take some comfort from the service, it’s very moving, and also the stone plaque in the Memorial Garden.
“And the maintenance plan is very good value for what is after all, a timeless tribute to your faithful companion.
“Wise choice. Your card madam. Thank you.”
“Next!”
with 10,000 more seats at celtic park if it ever gets near an arms race they will never be able to get near us considering the current starting points, god bless wee fergus and his 5 year plan.
From the excellent John Clark on TSFM.
Have we all got our SFA Cup semi tickets?
*******
John Clark says:
March 31, 2015 at 1:44 pm
mcfc@1.02 pm
” …….as our 150th year approaches
________________
Lies and deceit were a way of life for SDM and the RFC of his day.
The same attitude has been in the black hearts and minds of the founders of the now 3 years old club, and in the sundry petty criminals and sleaze-balls who have had their iniquitous, grubby part in perpetuating the Big Lie, the Lie made possible by the master liars- the men who fashioned the 5way agreement.
These last are clearly men not fit to be regarded with anything other than the contempt we feel for for cheats in general, but on an infinitely larget scale because,being trusted to administer our sport with integrity, they spat in our faces .
hey were in a position of trust.
They abused that trust and continue to offend us by maintaining a fiction.
Bad as a rotten club owner may be, rotten Sports administrators ( even the best administrator in the world) are the very pits.
May they severally and individually suffer justly for their deceitful, lying behaviour.
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