Interim accounts for the 6 months to 31 December 2017 were issued by Newco over the Easter break. Income was up £3.1m, due to the new merchandise deal negotiated (paid for) with SportsDirect, higher ticketing and hospitality revenue, although no mention was made in the notes of the progress the club made with its first foray into European football.
Costs were up correspondingly, by £3.5m, leading to a loss of £926k for the period. The previous year, a corresponding loss of £238k led to a season-end loss of £6.663m. We can expect something similar for this season, leaving directors to find an operating loss in the region of £7m.
The good news is that “penniless” Dave King has convinced a Trust to provide the £11m required for him to make an offer for shares his concert party do not already own. The offer of 20p/share is likely to be accepted by some who have tired of the episode, including those who were ousted by King and colleagues in 2015.
It is likely all the money is in place to cover this season’s deficit and the share offer but the big question remains, how to breakeven? Competing with Celtic is not even a question.
If expenditure remains at current levels, reaching the Europa League group stage would bring in enough money to remove the spectre of running out of cash, but that is a huge challenge. Newco would need to overcome four higher seeds to get there (something I doubt has ever been achieved).
They could increase the football budget, but that would expose them to higher-still potential losses, with associated risks. Or they could downsize. Stick with Murty, get rid of the Portuguese vanity projects and develop a team from the ground up.
Downsizing also comes with risks. Vanity projects sell tickets and merchandise. A first team full of teenage graduates from Murray Park would be a hard act to ‘follow’.
In short, I don’t see financial viability in this club, never mind competing with Celtic.
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Never heard CR included in any serious argument about the Greatest Player Ever, only Messi threatening the duopoly of Pele and Diego.
Greatest goal scorer, maybe, but Ronaldo doesn’t have the skill set of those 3. Catches up on natural physical advantages and athleticism, but on vision, range of passing, ability to weigh a pass, dribbling, bringing others into the game,and playing for the team, he’s not quite up there with the blessed trinity, for me anyway.
Still an astonishing scoring record, and wow moment goal last night.
Can’t get good odds on both teams to score at Anfield tonight. Wonder why that is?
GREENPINATA
Traditional hours? WTF?
A CQNer in The States asked me last week,when was the best time to contact me. What hours do you work?
So I told him.
He reckons he’ll stick to e-mails!
Philbhoy
If we play my dug Dundee are guaranteed a humpin’…
Overhead kick goals? Rivaldo, for Barça, in injury time, from outside the area, to clinch a CL spot in the last game of the season, takes some beating.
https://thesefootballtimes.co/2018/04/04/the-great-rivaldo-hat-trick-of-2001/
Ah, 2001, great Celtic times, ignorance was bliss.
Ronaldo- the goal everyone’s talking about…..except the smarmbuckets at Sky, as it was on BT…
BEATBHOY
It crossed my mind when I was posting about Ronaldo,and it was a tremendous goal under pressure.
But,back to goal,chestand hit it from there,aye,tremendous.
The leap,the height of the boot,muddy blarvellous.
Good luck to the Celts tonight, another step on the road towards flying the flag.
Early days but the bert kassies 2018/2019 Champions League ready-reckoner is up and running. For us, forty four league champions playing to fill one of four vacant spots in the group stage and there are a few leagues to keep an eye on where the emergent winner could rank higher than our co-efficient rating of 31.
1st round – Bulgaria, Denmark. 2nd round – Austria. 3rd round – Netherlands, Greece. 4th round – Switzerland, Czech Republic.
Herewego, 7IAR! Still five to go.
BMCUW
I remember a rumour a couple of years after that goal sweeping the boozer late one Friday night that Rivaldo was on his way to Paradise. Given that excitement increases the gulping speed, I now think it was the landlord who started it!
BEATBHOY
Can’t access the hat-trick on that link. Hopefully this one will show your point-in all its glory,as Barcelona NEEDED to win
https://m.youtube.com/watch?v=HGcgSQRdNww
Snowing like fek in old EK just now……
I’m thinking 4 jumpers might not be enough…
Anyway my choice for tonight would be, make sure Kouassie is on the bench incase that wee Diddy McCann reverts to type and starts throwing punches….
H.H
Dave King has chosen Alexander David Securities as investment adviser for his share offer
ADS has 7 employees, 3 directors, 16 corp clients, £541k annual turnover, & £115k annual loss
Not exactly Goldman Sachs, but “Simply The Best” Dodgy Dave could do
beta.companieshouse.gov.uk/company/060153…
Forget Ronaldo. Forget Rivaldo. Everyone knows that the greatest goal ever scored was by Morten Wieghorst in 1998 against Dunfermline.
From 49 seconds in this video.
https://www.youtube.com/watch?v=ZhbfIJtNMtM&feature=youtu.be&edufilter=NULL
Of course, some cad has edited this video to make it appear that big Morten was closer to goal when he hit that shot than he actually was. Those of us who were there will remember correctly that he actually shot from Springfield Road…
If a Cellick player, eg superMo Bangura, scored a goal like wee Ronnie Ronaldo the MIB would disallow it for having his boot too high.
DAVIDOPULOS
Wife finally given you back your password? Hope you both had a lovely anniversary.
I was at this game,in the Arsenal end wi my kid sis. We saw the free-kick awarded,and told our new friends it was a penalty kick for our big Polish centre-half. He’s starting his run up from about the penalty spot.
You’ll never beat England’s No 1 from there,they told us.
Aye. Right.
https://m.youtube.com/watch?v=q-JQBuRRv-0
BMCUW.
Precisely why traditional had inverted commas.
An alternative phrase would be school hours .Defo not pub hours :)))))
HH. COYBIG tonight.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
Thank you very much!
It’s reassuring to see that Seaman was always rubbish with shots from distance. Also reassuring to see that the Celtic defence were quite good at playing themselves into trouble back then too. Also, also reassuring that my memory of Bonner being a bit of a butterfingers-type goalie was correct…
Great free kick though!!!
Friesdorfer
You are of course correct. :)
See you in 102 tonight.
I love the sound of breaking glass…
https://thecelticblog.com/2018/04/blogs/as-predicted-the-media-is-already-gearing-up-to-stop-a-22-april-league-decider-against-sevco/
Of course the Sevvies are waaaaaaay to sensitive to face the prospect of a cuffing at Celtic Park for the title party:)))
Bless
DONTBRATTBAKKINANGER
I agree,and it could have been judged as dangerous play.
But only if any player could get near to his boot.
They’d have needed a trampoline!
DAVIDOPOULOS
My pleasure,old bean.
Aye,the sieve was there,it’s always there.
BMCUW
I was at that match in Highbury. Forgot we wore green shorts. All I remember is Shuggy’s belter and being on the pitch at the end. The rest of that day trip to London fae Glasgow was a haze.
Good as Cristiano Ronaldo’s goal was last night, I wouldn’t have been surprised at all if it had been disallowed for dangerous play as his bicycle kick was very near the defender’s head. You want controversy… HH
p.s. Arbroath Emerald CSC bus leaves at 4pm from Arbroath, and will pick me up 20 minutes later en route to CP.
SP- So Aberdeen beat Hearts, and they schedule the Sevco game at CP for the 1st game after the split on the Sunday, what happens if Aberdeen lose points the day before?
Grampian Emerald bus leaves aberdeen at 2pm :-(
Won’t be on it, but will definitely be using in future.
Looking forward to seeing the fixtures after the split so i can start planning for remaining home games – have to be quick to get tickets, I suspect.
Heavy snow in EK…
!!BADA BING!!
Don’t know, it’s a headache alright:))
Bring on the hunnies furraskelpin’
new article posted.
There’s no fry like an Ulster fry.
HH.
Now I know it’s not a given that its 2 at home and 2 away, but I dont want the hun monkeys anywhere near Celtic park when 7 is confirmed, get as many Celtic fans in as possible and win the league without a worry about friends and family’s safety, and think of the poor toilets have they not suffered enough ( the toilets I mean).
Similarly winning it at doomdome might just tip them over the edge, I mean beating them 3 times in one season at the piggery, ffs they would have a meltdown, lets leave that for Lenny and Efe.
H.H