Newco cannon fodder plans

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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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  1. !!Bada Bing!! on

    GM-He looks a really good player, but they don’t half put pressure on young guys down there.

  2. and as for Laird Pompadour…………..

     

    …………………..a cold and bumpy marble staircase

     

    must surely await.

     

     

    Plamph.

  3. !!Bada Bing!! on

    Gene -it was a text from a pal,who reckons he’s looking up skirts….allegedly

     

    #alotofchannelsbeingchanged

  4. Thomthetim

     

     

    Liam is just a Celtic daft laddie who wants to play fitba for his team.

     

    I’m sure RD would have sold it to him the right way. I’m sure he will have told Liam that he is very much in his plans .

     

     

    HH

  5. Geordie Munro on

    Bada,

     

     

    Aye neebs. Joking aside he’s a smashing player.

     

     

    The hype is no real though.

     

     

    I laughed on Friday when they kept going on about real home grown talent….

     

     

    They are all ‘homegrown’ ya tools!!:)

     

     

    HH

  6. A great move for Liam Henderson and Celtic, this young man will be a Celtic great. I have no doubt this will benefit everyone and e lad will know this, he ain’t being papped away, he’ll be back.

     

     

    Ayrshire is Green and White

  7. GlassTwoThirdsFull on

    If Harry Kane doesn’t score at least 6 tonight there will be a lot of disappointed people in the English media.

  8. Hamiltontim

     

    From last week…. Got sorted at the TO on Monday morning for ICT thanks mate. Also from your earlier post I’m unfortunate to be an independant supporter eg not affiliated to a bus/club. I have no chance of a brief for Friday . Home end tix bot.

  9. Bada Bing

     

     

    Hahahahaha

     

     

    I was just havin a similar conversation with my mate

     

     

    B-)

  10. thomthethim for Oscar OK on

    Burghbhoy

     

    19:26 on

     

    31 March, 2015

     

    Thomthetim

     

     

    Liam is just a Celtic daft laddie who wants to play fitba for his team.

     

    I’m sure RD would have sold it to him the right way. I’m sure he will have told Liam that he is very much in his plans .

     

     

    HH

     

     

    *****

     

    Thanks,

     

    That’s the kind of attitude one would expect from the lad and the kind of guidance one would expect from the coach.

     

     

    I would assume a fair bit of mutual trust and respect there.

  11. !!Bada Bing!! on

    GM-Seemingly the halfwit Rodney Marsh said he will score more goals than Alan Shearer……and he will be sold for over £100 mil….

  12. Geordie Munro on

    Glasstwothirds,

     

     

    Harry Kane will be taking it easy tonight.

     

     

    He’s running in the Grand National in a little over a fortnight. :)

  13. Geordie Munro….i hear in the national he is carrying Kris Boyd…i was gonna say Kris Boyd is his Jockey, but that could be misconstrued…

  14. If anyone thinks this is a bad move for Liam or Celtic, they need to take a minute and think about this.

     

     

    A club offers a player on loan for a multitude of reasons: not going to get game time, needs to play in a more physical/technical league; footballing or non-football reasons etc etc…

     

     

    Ronny feels that Liam would benefit from time away from Celtic. Liam would like to play away from the SPFL or cup games in a different team. I rate Liam really highly and maybe Ronny does too.

     

     

    Liam was in the U19s for the first part of this season after being involved in the first team for a good half of Neil’s last season. I don’t know the reasoning behind that but that is some journey for a young player.

     

     

    He has the talent to be a back up to the first team but maybe he needs first team games to grow into his potential. In Ronny We Trust so cool.

  15. Geordie Munro on

    Bada,

     

     

    So does Gershon (no t’s) I see.

     

     

    Cheers for the heads up. Ss5 it is :)

  16. ginger

     

     

    19:22 on 31 March, 2015

     

    Best news of the day so far

     

    Kris Boyd is doing his coaching badges

     

    Start the gags now lads

     

    —-

     

    First lesson pre match meals. Second lesson horticulture and weed killing.

  17. caeser1967

     

     

    19:30 on 31 March, 2015

     

    Hamiltontim

     

    From last week…. Got sorted at the TO on Monday morning for ICT thanks mate. Also from your earlier post I’m unfortunate to be an independant supporter eg not affiliated to a bus/club. I have no chance of a brief for Friday . Home end tix bot.

     

    ——–

     

    I’m in the same boat. Can’t get near it on Friday night.

     

    Also was shafted by TO on Monday, phoned early doors and was told to phone back on Tuesday morning for leftovers for ICT. But they put them on sale on Monday afternoon so I missed out. Raging.

  18. Geordie Munro on

    Bgx,

     

     

    Boydy is far too big to be a jockey.

     

     

    That said…..Do you know who was the last 18 stone man to ride a Derby winner??

     

     

    :)

     

     

    Oldies csc

  19. Geordie Munro on

    Oh hiya wits.

     

     

    I didn’t recognise you there.

     

     

     

    Been on holiday?:)

     

     

     

    Lookingtanned csc

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