The exceptional circumstances of season 2020-21, a year without fans, saw both Celtic and Newco furloughed staff and accessed the Job Retention Scheme, through which the government initially paid 80% of wages. Celtic made up the income balance for all staff, Newco, however, paid up only selected staff, reducing their costs and loss accordingly.
Celtic did not make any redundancies during the year, Newco did. If you lost your job while millionaire footballers continued to be paid, you might have a view on “absolutely necessary”. Some of Celtic’s income went towards keeping people in a job during a global crisis. Like Newco, they could easily have sacked staff and left others on reduced pay, but like Newco, they had a choice and chose solidarity with their staff.
In Newco’s chairman statement, Douglas Park opens with a demand that “those in positions of power and influence”, acknowledge the “major strides” the club have made with their diversity and inclusion campaign. I suspect he means the Scottish Government, Celtic would be happy with an equal crack of the whip from the First Minister when she picks her moment to take an interest in football from a podium.
To be fair to Park, he signed the note before reports of more sectarian singing last week. If he is viewing the world through a prism of satisfaction in this respect, I suspect progress under this regime has ended.
Having gone for the Government in his first paragraph, Park dedicates the second to making it clear he would like Neil Doncaster removed as chief executive of the SPFL under the guise of “corporate governance”. Doncaster has steadfastly refused to favour Newco.
“Corporate governance” was the defence then-chairman of Newco, Dave King, gave to the Takeover Appeal Board (TAB) in his appeal against the Takeover Panel decision that he, Douglas Park and others acted as a concert party in their successful takeover of Newco. They lost, TAB upheld the decision.
The October 2019 decision meant chairman King was ‘cold shouldered’, preventing firms regulated by the Financial Conduct Authority from working with him. Those in glass houses should not throw corporate governance accusations around.
The Ghost of Halloween Past.
At the year end (30 June 2021), a Dave King loan of £5m was outstanding, due to be repaid by October 2021. I know what you are thinking. Newco released these accounts on 5 November, surely, Dave King had his money if it was due by October? The first thing that struck me when I read the accounts is that date Douglas Park signed the accounts; 26 October. Accounts are usually dated the day they are released, why were these dated 11 days earlier?
You need to read to page 60 of the accounts to read that King’s loan is discussed as “due for repayment in October 2021”. If it was paid, why not just date the accounts the date they were issued and clarify this point? These things are never random.
The note also reveals King charged 8% for his loan. Nice, if you can get it, not so nice if you are paying it.
There are some key metrics I would like to discuss next. This is all a bit ‘CQN from 2004-2011’, so apologies if we are going over old ground.
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JHB on 9TH NOVEMBER 2021 5:53 PM
442 LONG BALL CELTIC SCORE SO SIMPLE on 9TH NOVEMBER 2021 5:16 PM
——
You make many good points in your “first post”. I don’t necessarily agree with all you say, but I look forward to seeing your views on CQN in the future.
Wow! No pressure there.
Thank you. 👍
JHB @ 6:08 PM,
Think I saw more Scottish football last season than many a long season.
The Officials had little or nothing to do with Rangers wining running away with the league.
Hail Hail
Paul67 et al
Let me get this straight.
Celtic FC were a better run football club than the club which won the SPL last season?
No?
Geebee1978 – agree with that.
Am actually surprised Potter is not heavily quoted.
Brighton play a similar style to Villa?
And do it better with inferior players?
Having EPL experience seems to be a big deal for clubs darn sarf when attempting to acquire both coaches and players.
A punt ….
If Gerrard is indeed a credible candidate?
Then expect to see Op Eds ad nauseam in next few days about the need to give young English managers a chance.
Currently, there are 3 Englishman managing across the 20 Premier League clubs …
2 of which are in 18th and 19th positions
🤔
CHAIRBHOY @ 6:14
Yes, I agree – other more important factors much closer to home.
Gerrard’s name is enough to keep some Villa fans happy but the more astute ones will know that there is very little other than that to him.
Interesting on the Gerrard to leave gossip. When Brendan was the subject of umpteen rumours during his time with us, it was looked upon by many Celtic fans as a slight and a concerted undermining of our club. Among those of an Ibrox persuasion it seems to be seen as something of a compliment that their first-time manager is in demand by the likes of EPL clubs such as Newcastle & Villa, especially as they’re convinced he is staying.
In my opinion Gerrard will be here for at least another season. Someone recently said, quite correctly, he is not an “elite manager” – another title, a cup & an appearance in the CL groups, will help with that. He needs to be a serial winner to get a top EPL job.
Brendan needed to restore his reputation in Scotland, Gerrard needs to build one. One prize from nine does not “cut it’.
Jhb and some new troll names appear..bet they think charity galloway is a nice sort of chap.
ROCK TREE BHOY on 9TH NOVEMBER 2021 5:56 PM
442 LONG BALL CELTIC SCORE SO SIMPLE on 9TH NOVEMBER 2021 5:16 PM
Gerrard destroyed nine years of Celtic efforts to make the 10.
_________________________________________________________________________
Not sure about that, thanks to those efforts we now lead 2-1 in the 9 in a row stakes. and I don’t think ‘therangers’ will ever get the equalizer, just as they will never ever do a quadruple treble, so our efforts during that period will stand the test of time.
Getting the 10 would have been the cherry on top of the cake, but not getting it is not the calamity the SMSM would have you believe, they’ve won 1 league title in their debt ridden existence, big deal.
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Very well made point mate.
We sang ¶Brendan Rodgers here for 10 in a row¶ what an achievement that would’ve been.
Then again, what would the cost have been ?
Social unrest with rampaging huns knowing what would likely happen to their club as they miss out on Champions millions ££££.
What would they do whilst Celts partied on the Celtic Way ?
Would Celtic fans statues etc get protection from cops ?
Would the huns still fill Ibrox if Celtic won 10 in a row ?
Would loss of hun ticket money put them into admin ?
Would the huns get “relegated” again ?
Would the leagues be restructured to save the huns like former Scotland manager Gordon Strachan tried to do when Rangers lost promotion place after defeat from Motherwell ?
What effect would that have on attendance’s at Parkhead ?
Its like masonic dominoes.
Will we ever get to the bottom of what Shane Duffy’s “happenings behind the scenes” comments were about ?
Will Neil Lennon explain last years “happenings” in a future book ?
Will last seasons “happenings” be sworn to NDA like McCoist’s “whispers” in Lenny’s ear ?
One football outcome can open a Pandora’s box.
hh
AN TEARMANN on 9TH NOVEMBER 2021 6:42 PM
Jhb and some new troll names appear..bet they think charity galloway is a nice sort of chap.
•••••••••••••••••
Would I happen to be the “new troll” that you speak of ?
Oh, and, hi, pleased to meet you, fellow Celt. 👍
And is it, Galloway the political guy you speak of ?
The last socialist on this island, and you diss him, for men in skirts ?
Wtf ?
Oh, and, hh. ✌
LONG BALL CELTIC SCORE SO SIMPLE on 9TH NOVEMBER 2021 6:51 PM
Will we ever get to the bottom of what Shane Duffy’s “happenings behind the scenes” comments were about ?
Will Neil Lennon explain last years “happenings” in a future book ?
—–
Yes – “happenings” inside CP & on the park had more effect on our failings last season than any ‘honest mistakes’.
Jhb/tam
How many multi monikered name changing hun friends have you on this blog?
Sup yir genocidal union blood.
Tis the season to be poppy
JHB
Going back to Paul67’s article what’s your take on their annual accounts and in particular their debt position?
It wasn’t that long ago that you were very sure that they would finish last season debt-free.
442 LONG BALL CELTIC SCORE SO SIMPLE on 9TH NOVEMBER 2021 6:51 PM
Yeah I guess we will never know, Welcome by the way, hope you stick around.
No matter what unfortunate country they’re present in, the modus operandi remains the same.
https://www.theguardian.com/uk-news/2021/nov/09/alleged-massacres-of-afghans-by-sas-not-properly-investigated-court-told
If only there were 10+ cameras, rather than the 2 or 3 actually present in the SPFL, that would certainly open a few eyes.
ONENIGHTINLISBON
9TH NOVEMBER 2021 6:28 PM
Gerrard’s name is enough to keep some Villa fans happy but the more astute ones will know that there is very little other than that to him.
——
You’re probably right – however the appointment of Gerrard by King was a masterstroke on many levels by a club under momentous pressure at the time. His name bought time with the support, the three years needed,his presence attracted/encouraged players & hastened Brendan’s departure.
However It would have backfired if our management and strengthened squad had delivered 10iar and not surrendered tamely last season.
hastened Brendan’s departure.
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😂
ROCK TREE BHOY on 9TH NOVEMBER 2021 7:11 PM
442 LONG BALL CELTIC SCORE SO SIMPLE on 9TH NOVEMBER 2021 6:51 PM
Yeah I guess we will never know, Welcome by the way, hope you stick around.
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Thanks mate, I’ll try my best. 👍
hh
CELTIC40ME
JHB
Going back to Paul67’s article what’s your take on their annual accounts and in particular their debt position?
It wasn’t that long ago that you were very sure that they would finish last season debt-free.
——
How about you giving your definitive take on the figures for a change? – I will be happy to reply.
JHB on 9TH NOVEMBER 2021 7:02 PM
LONG BALL CELTIC SCORE SO SIMPLE on 9TH NOVEMBER 2021 6:51 PM
Will we ever get to the bottom of what Shane Duffy’s “happenings behind the scenes” comments were about ?
Will Neil Lennon explain last years “happenings” in a future book ?
—–
Yes – “happenings” inside CP & on the park had more effect on our failings last season than any ‘honest mistakes’.
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Yup. The political correctness of the OF. 👍
hh
JHB on 9TH NOVEMBER 2021 7:20 PM
Agree to a certain extent, his name alone was enough to sell season books and jerseys.
I think Rogers departure owed more to other factors than Gerrard though…….
JHB
“Among those of an Ibrox persuasion it seems to be seen as something of a compliment that their first-time manager is in demand by the likes of EPL clubs such as Newcastle & Villa, especially as they’re convinced he is staying.”
You hear this from who? How was he “in demand” from Newcastle. He wasn’t.
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442 LONG BALL CELTIC SCORE SO SIMPLE on 9TH NOVEMBER 2021 6:57 PM
“The last socialist on this island.”
Really?
JHB on 9TH NOVEMBER 2021 7:26 PM
“How about you giving your definitive take on the figures for a change? – I will be happy to reply.”
I have been commenting on their figures. I read their accounts and I’ve been posting on here about them.
Go on, answer my question.
‘King masterstroke’
I would say was getting it down to 49 convictions.
This morning on this blog a poster advocated an “exodus” of Irish descendants from Great Britain to Ireland.
And this from a self-proclaimed Celtic supporter.
BobMarleyCSC
Aipple @7:41pm
Yes I think that Galloway is the sort of politician that UK/Scottish establishment detest utterly.
A Socialist who doesn’t run away from the swamp when it comes a calling.
Why should he run ? He’s not the bad guy.
Corbyn wasn’t the bad guy either, but he did run. Why run ?
Labour party is dead.
Labour party linked arms with SNP to castigate striking workers in Glasgow, this week.
So, Tories, Lab, SNP, don’t stand with the workers.
Who does that leave ? Galloway ?
I can’t imagine Sir Starmer knocking on doors in red wall streets and…
“Hi, I’m Sir Keir. I know you voted for Brexit, and that I tried 48 times to overturn it, but that was then, this is now,….covid,….blah blah blah,…..global warming, etc….blah blah blah,……Corbyn, …..blah etc.”
Nah don’t thinks so !!!
How about a guy whom nobody will challenge face to face ?
George Galloway (@georgegalloway) Tweeted:
We are coming for “Labour” in #Birmingham Expect us. @WorkersPartyGB https://twitter.com/georgegalloway/status/1458153446188666881?s=20
….that’s more like it, with a Willie Maley hat on, after the zzzzzzz’s tried to kill him 20 years? ago, left him for dead, and, not a single word from any MSM about itto this day. How many politicians have been murdered because of that MSM silence ?
If this man is elected to power there’ll be NO renewal of any MSM licences.
Just think about that. ✌
Great crowds in Paris for PSG,veal Madrid,Women’s CL GAME..
TURKEYBHOY on 9TH NOVEMBER 2021 7:57 PM
Great crowds in Paris for PSG,veal Madrid,Women’s CL GAME..
Thank you, and, hi fellow Celt. 👍
Going to Paris.
Laters. hh.
Slippy has asked if he can take his staff with him to Villa.
The SFA have asked for time to find replacements for Madhun, Walsh, Beaton et al.
(from Celtic Fc Redtop Free)
what does wee greta say ………..
blah blah blah,
Da, da, da, ich lieb’ dich nicht, du liebst mich nicht
Da, da, da, ich lieb’ dich nicht, du liebst mich nicht
that was a stupendous read back, the sage given us all his wisdom.
talk sport earlier what a laugh, who is the bigger club villa or the gers.
moron after moron came on and spouted the demoted pish backed up by durham and the other tosser.
it was hysterical.
ps, i am in no minority,
On Follow Follow
WE are not 23ml in debt we are 3ml.
@# is operating costs and 3ml is debt so there you have it!!!!
Should be 23 ml is operating costs.
Fkn hell – that didn’t take long
TIMHORTON on 9TH NOVEMBER 2021 8:34 PM
On Follow Follow
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The are a band of clever follow follow fellows :-))
HH pal
BGFC
PHILBHOY – that’s good craic :-))