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.
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sorry she was Bjorn in 1950 – 71
Agnetha was possessed of “a clinically interesting lordosis” according to the writer Clive James. I think that’s a thesaurus-based way of saying “nice arse”, a sentiment with which many of us would undoubtedly agree.
@Majestic Hartson…i had the same thoughts…..I don’t read much of JHB’s stuff..
But straight after he posts there is some big time vitriol….directed at him.. Painful to read..
Another guy gets called a Tory……Jeez over the years He has left me bleeding.. with his views on life.
But never a Tory…….Guess we all make assuptions ……
H.H.
Friday night and the lights are low
BOURNESOUPRECIPE on 3RD SEPTEMBER 2021 10:30 PM
Smileywiththumbsupforears
Aggies 70????? At’s wan fantasy oot the windae……..
Grabagrannyabbacsc
Celtic40me
If I had to do the same again, I would, my friend. For Nando’s
Seems to be a lot of confusion about our pecking order on here tonight? I mean concerning the status of us Irish Brits in this beloved northern region of the UK.
Why try put into words when a song will do, it’s Friday nite after all.
“No Blacks, No Dogs, No Irish”
https://www.youtube.com/watch?v=U3-SEr-hvzI
Couple to put on now bhoys!
https://www.youtube.com/watch?v=ttxjeX2H7kk&ab_channel=OkiePatriot76TV
‘You Hear Georgia’
https://www.youtube.com/watch?v=fZWxGYfwO-M&ab_channel=BlackberrySmoke
‘Hey Delilah’
https://www.youtube.com/watch?v=_OXaiILmvYE&ab_channel=EaracheRecords
‘For all you mucky bams like me’
https://www.youtube.com/watch?v=gXQXukq6wqw&ab_channel=BlackberrySmoke
‘Keep on Smiling’
God bless folks, hope everyone wakes up tomorrow with the happiness of being a tim!
HH
The BGFC’S
“I don’t wanna talk
About things we’ve gone through
Though it’s hurting me
Now it’s history….”
:0
ooft great link weebeefceee. The Jimmy boy nailed it…
and leads us on to the Great Allman bros……
H.H. son
Lay off JHB ffs, he’s had a hard day being a UK Unionist, bless his slavery socks.
Skinny Pelembe – No Blacks, No Dogs, No Irish.
https://www.youtube.com/watch?v=csgEmKsv0Yo
@Fox….sly digs don’t work best to say whit you mean no????
Enjoy your music links……
H.H
Mama Mia……its the international break on here….
Definitely different.
Skinny Pelembe – Should You Go
https://www.youtube.com/watch?v=8riYCDDImqs
BIG GEORGE @9.46pm
Re Chris McLaughlin. He is obviously trying to ‘sook back in with the hordes. Apart from the fact he CAN be a good investigative reporter, the other fact that he is from a Tim background sullies his crawling towards the hordes and his sectarian (BBC word of choice) bosses.
Oooft great bass playing on that 11.05 track….is that a girl playin on the 26th fret???
superb..
From the album Silver and Fire, M-Crafts….Snowbird.
https://www.youtube.com/watch?v=QhBaDUB0k-g
DRAMBOWIECELT, some of us can count up to thirty two. Glad you liked it all the same.
funny how a comment can stick in the hidden pleasant side of yer napper..
I read a 2525 post today….and now i’m 16 wae Zager and Evans …citin times..
TURKEYBHOY re. Your ABBA fav, Anna Frjd was mine too (the dark haired one). Did you know she was actually Norwegian, not Swedish? Does it matter a feck?
@Fox…32 you say ??? well my beloved Jack Bruce will be proud…..
CreamCream Cream
Been watchin The Queen’s Gambit, no apologies.
Venus · Shocking Blue
https://www.youtube.com/watch?v=ghDbKqtuHng
Tony Rome
Quality range as per,todays cherry was the wee glint into the talent that was Rory Gallagher.His live album is a listen.
Did you see Wits? Or was he to busy conspiring with DD to sign PLs wee cousin Liam Scales,something bout a bonus :-)
HH
HH
[I’m Not Your] Steppin’ Stone [2006 Remaster]
https://www.youtube.com/watch?v=-mZ_YDzoKmE
Thin lizzy
https://youtu.be/cQfSjAl4PTU
Boys are back in town
Fever (Remaster 1998)
https://www.youtube.com/watch?v=IomqHq6-hMc
Emeraldbee,
Yep,Anna was a honey.Great figure as well.Watching the making of the “Virtual concert”.Amazing stuff.Will be well worth watching,just to see both of them in their glory again.
st stivs 4.58 !! don’t ya mean how many catholic msp in a prominent position 😉
“Boys are back in town” that song was played on the jukebox to wind up der hun back in ’96
Tut Tut Tut Tut
https://www.youtube.com/watch?v=Q89TQF2zqaU
The Cream -was that where the great Eric Clapton came on the scene. Good man.
Great guitarist and – guy who sees through the covid scam.
Just released a couple of good songs against the currant criminal virus madness.
Said he’ll never play to an audience if there are vaccine passports required.
On Saturday September 04th, 2021 Anno Domini, the Friends of Irish Republican Prisoners Welfare Association are planning to march through Glasgow city centre from Blythswood Square to George Square.
The estimate that 500 people will take part in the march starting at Blythswood Square.
The proposed route is onto Blythswood Street, along Cadogan Street, Douglas Street before heading along Argyle Street and up Queen Street into George Square.
serious lowlife
https://twitter.com/cazander88/status/1430955064655495177?s=07&fbclid=IwAR0_PJo277G1pgztyocCyWjEUgqtIPMFx2nUXz-H4s87j3D4vk0Yn3fkG24