Celtic’s accounts were later than usual last year, doubtlessly due to world events, but I expect them to be out this month. The year to 30 June 2021 will make grim reading, although the notes will record monies received and pledged for the subsequent sales of Kristofer Ajer, Odsonne Edouard and Ryan Christie. Celtic will recover from a remarkably difficult period solvent and in competitive shape.
As you don’t need me to remind you, this season’s title brings automatic entry to the Champions League group stage, with riches that can significantly influence domestic competitiveness. Last season’s title was about history, this season’s is about the future.
Solvent and competitive shape is a condition Newco also aspire to. Their last published accounts, to 30 June 2020, noted an eye-watering loss £17m. We will hear what their title win cost at some point this autumn, it is unlikely to be an improvement.
When they lost to Malmo, discrete comments were made that they needed to sell players, a feat that proved beyond them in the transfer window. Their recent pubic share issue was undersubscribed, although it will go some way towards repaying borrowings from former chairman, Dave King, due next month.
With season ticket money expired, they were forced to issue shares on 10 separate occasions between November last year and June. The club’s appetite to burn cash has not abated since. Uefa intend to tweak Financial Fair Play regulations, but they will remain and may become more onerous.
Clubs cannot lose money indefinitely, they eventually need to live within their means or face an insolvency event.
It does not matter how bare the bank account is, I suspect Newco will find the money to keep the lights on between now and their visit to Celtic Park on 2 January. They currently have a three-point advantage and will hope they can build a firm advantage in the title chase by then. If they do, they will find the money for another 10 share issues if necessary, in order to win the Champions League bounty.
If they leave Celtic Park with their league chances looking grim, how easy will it be to fund an enterprise that will forever lose money? We are approaching the 10th anniversary of when Rangers went into administration (14 February 2012). The weeks and months running up to that date were characterised by a circling of the wagons and firm denials of the problems ahead.
We covered Rangers finances on these pages at the time. We could not be sure how events would play out, but the facts were writ large, as they are now with Newco. It’s like an Ibrox echo.
What’s more important, a title for history or a title for the future? Right now it feels like history, but by the spring that will change.
578 Comments- Pages:
- «
- 1
- ...
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- »
Labour party…
Sadly it died years ago.
🤓☘
JHB
Your comment below shows you need to stop buying the old drugs from your current dealer or have you been sniffing the old petrol rag again? Hilariously tragic.
“the SNPcult are the most secretive, controlling, centralising & dissent-denying party/administration, since that other husband and ‘wife’ dictatorship that was finally wiped-out in Romania – the Ceauşescus.”
Drama at the solheim cup. Really heating up.
I wonder if Europe might exclude UK players from playing under their flag sometime soon ?
As a pro-independence and SNP supporter I believe the Holyrood government is using the vaccine passport purely as a tool to force dissidents into getting vaccinated.
India all out for 466.
England starting the final innings 367 behind. An exciting day and a bit to come.
Sean Thornton
They have so many open goals right now but seem unable to score them.
Content to be living in Boris’s shadow.
The ‘emergency powers’ gives them an excuse, I appreciate that but frankly there is plenty they could be exploiting if they really had the hunger for it and were not so risk averse.
Is the Celtic women’s game on Alba live??? Anyone?
D :)
Celtic ladies go 2-1 up at Aberdeen. Craig scores from an incredible angle chasing a lost cause.
Oops it is live.
D :)
Back as a kid when we moved from within the Hamden roar to the wastelands of Cumbernauld my friend Joe and I would see this chap carrying a petrol receptacle around the field with the cows at the end of our street.
He’d shout at the cows, scream at the clouds and roll in the puddles while asking for Jean to get his slippers. I often wondered what became of him then I found him here. I suppose I’m just glad he is alive in a sense and has found a new green field to shout in.
SAINT STIVS
Thanks for posting these superb photographs. Just think what Glasgow would look like if we had sensitively ( or saintstivesly😊) cleaned the industrial grime off all these wonderful sandstone buildings instead of demolishing them far too early, and replacing them with characterless, insipid junk. It would be one of the architectural wonders of the world.
Tom McLaughlin on 5th September 2021 4:29 pm
As a pro-independence and SNP supporter I believe the Holyrood government is using the vaccine passport purely as a tool to force dissidents into getting vaccinated.
…………………………………………………………………………………………
Most definitely and it is morally and ethically wrong.
There will be Raves all over Scotland now with nae H&S and Every week too. My own Son decided to get the vaccine, waiting on his 2nd one. He knew what was coming and as he turns 21 on Wednesday, I really understand why he would do so. The best years of his life are being taken from him and he just wants to get out there and have a good time at the weekend after working for the 5 days.
https://www.bbc.co.uk/news/uk-scotland-glasgow-west-58455022
Hope this is just the start – to coin a phrase.
Tom
Sledgehammer and nut is one way of describing this invasion of liberties and attempt at coercion.
Give them bread and circuses ( games ) the ancient Romans said when speaking of controlling of the mass populace. The same applies today for our leaders. Nicola and Boris are both clever populists and can see this.
I am inclined to view the same benefits which Boris gets in running the uk as a whole, with emergency powers, do accrue to the Scottish leadership as well.
That said a fair chunk of media consumed in Scotland is uk led and so maybe the advantage is slightly less evident.
It is really is incredible that for 12years or so no one has provided more credible opposition at UK level than Nicola Sturgeon from her local position of dominance.
Just popped in to say you’re all missing ‘Sportsound with Chris Burke and Billy Dodds’.
Tom Mc
Definitely Re the cricket. What a series !
So many twists and turns.
Just popped in to say politics are pish.
D :)
There will be Raves all over Scotland now with nae H&S and Every week too. My own Son decided to get the vaccine, waiting on his 2nd one. He knew what was coming and as he turns 21 on Wednesday, I really understand why he would do so. The best years of his life are being taken from him and he just wants to get out there and have a good time at the weekend after working for the 5 days.
—
and so he should be at the raves
organisations and companies all over uk (and yes, boris is doing the same things down south despite the Brit-clan on here trying to claim its just up here where mad rules are being touted) should be preparing legal action to make sure there are no more lockdowns or prevention of working being implemented
we learn to live with it or we turn into north korea
take your pick
life is never risk free
lockdown has never been, nor never will be, the solution to things like this is any free democracy
Definitely Re the cricket. What a series !
—
its been a great series
pity england hadnt a hundred or so less runs to chase tomorow or it wuld have been a great final day that could have went either way but england cant win now so tomorow might be a bit turgid
PETEC
I believe in the vaccine although I support people’s right to decline for whatever reason.
After my recent bout of covid, I took an antibody blood test. It showed that I had the antibodies in my blood. I was told it was too early to be as a result of covid infection and that the antibodies were there due to either a previous infection or vaccination. I have never had a covid infection other than in the last couple of weeks, so my antibodies were produced as a result of double vaccination.
Proof positive that the vaccine does work by generating the antibodies that the immune system would produce after infection.
Good luck anyway Petec and stay safe.
lets all do the huddle,
As you cherry picked, albeit the majority of my post.
Why did you say “and so he should be at the raves” when it is blatantly obvious that Aidan has went for the vaccination route so he can go to legal places?
There is no doubt the Governments All around the World are following advice from MONEY MEN.
LADTH
I disagree. There are 34 overs tonight, so England can eat into India’s lead and set-up an exciting day of cricket tomorrow. It’s anyone’s game and all to play for.
Tom McLaughlin,
I’m not anti vaccination, I’m just a paranoid Tim. :))
Thats the thing about this incredible Virus… it isnae workoutable (new word alert). The Israeli study says the best immunity is having caught it, it also says having a jab after catching it offers a bit better immunity but not a lot.
It’s good to huv ye back on the Blog – I must admit when you said ernie was a Tory that was mad….. thats the last thing ernie Bhoy is. ;)
Nobodys buisness but the Turks.
https://www.youtube.com/watch?v=vsQrKZcYtqg
The new Celtic crew Might be Giants.
Who Curtley Ambrose?
Ange has brought in Pace&Intelligence up top, we have lost a cracker in Ryan and Edouards (one of the best players I’ve seen when he is on it) play last Season means we urnae missing him now. Sad but we move on.
Deelighted with the buisness we have done this Summer and mair scope in January if need be.
Efter Callum getting handed the Capitano’s armband you just know he is starting away in Austria, he really is an INCREDIBLE fitba player.
The Scottish Xavi – control pass and move to help your team m8. Sounds easy but its not.
If the vaccine passport is voted in by the government this
week that means football matches will have to check
passports of all attending
I wonder how many season ticket holders are not fully vaccinated
meaning they will not be able to go
They will be in uproar if they have bought their ST and cant go
This opens a big can of worms if it goes ahead
celticforever,
Governments never care, They Must be held to account.
As I said earlier we are in a real mess.
I’ll be at EVERY anti Vaccine Passport rally when I am being denied my Celtic Park seat.
PETEC@5:16pm
Don’t think i would like to catch it,i know if my wife did she wouldn’t last to long.
Anyway it’s up to each individual what they do.All the best.
PETEC
Yes you’re right. I posted an apology to Ernie last night.
GM- Will get the podcast later.
😳
TIMHORTON
If I had caught Covid prior to vaccination I doubt if I’d be here to type this comment. My wife certainly wouldn’t. The double-vaccine literally saved my life, that’s for sure.
TIMHORTON on 5th September 2021 5:55 pm
petec@5:16pm
Don’t think i would like to catch it,i know if my wife did she wouldn’t last to long.
Anyway it’s up to each individual what they do.All the best.
…………………………………………………………………………………………………..
Its a horrible virus and I hope you and yer Good Lady are here for Celtic playing Incredible fitba in Europe and Scotland for many years to come.
” CELTIC MAC on 5TH SEPTEMBER 2021 2:18 PM
QF
At the last census, 2011, 54% of the Scottish population stated their religion as Christian.”
I wonder how many of that 54% actually ARE Christians?
I don`t suppose many/any would say : I am an athiest ” because they were`t sure what they were but I can imagine a fair few saying ` Christian` because that seemed the easiest response in a country deemed Christian .
Tom McLaughlin,
dinnae worry about offending ernie, he is a very analytical Dude and has a very thick skin, like what NFL said a long time ago when talking about Playing for Celtic. You need the Thickest of skin because the expectations/quite rightly/ are so high.
The Celtic Park game against the newco/Sevco will I think produce a Lambo Rocket that will Break more than a Table. :))
Anyway, it`s a from me,
Cheerio for now.
I blame Kafflik Skools
Good call Bada,
I actually missed it myself.
Hopefully they had Mark Hatley, Gordon Smith and Derek Ferguson as special guests.
England close on 77/0
Going to be a good final day tomorrow.
SAINT STIVS @ 3.01
Thanks for that picture. I’ve passed it on to my mate who is Chic Geaton’s nephew; he will appreciate that.