Celtic released their financial results for the year to 30 June 2014 this afternoon. The club remained profitable to the tune of £11.17m (2013: £9.74m) despite a 14$ drop in revenue to £64.74m. The net cash position at the end of the year was hardly changed from the previous year at £3.83m.
Football and stadium revenue was down £4.4m, which correlates almost exactly to the £100 reduction in season ticket process for around 40,000 seats, but the biggest hit was to Multimedia and Commercial Activities, which were down £5.21m. The bulk of this fall will be explained by finishing fourth in the Champions League group stage, instead of processing to the knock out stage, as we did in season 2012-13.
Celtic opened a new borrowing facility with the Co-op Bank two weeks ago to replace their existing facilities. The club have a £6m overdraft (at base plus 1%) and £14.4m of long-term loans.
This high watermark will not be reached this season as revenue will struggle to reach £55m but it’s clear the club can support the current cost structure without needing to pair back. The project for now is to get revenue back over £70 next season, and for that we’ll need to be better prepared come Champions League qualification time.
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Zico- how you doing amigo? in Tigerlily Edinburgh,dearer than Manhattan’s best…..Hh
Timabhouy
23:46 on
12 September, 2014
In an Independant Scotland I propose Big Nan as Prime Minister, In other news Boris Johnstone is standing for election in Uxbridge and has eyes on number 10 , be afraid , very afraid,
Afraid of what?
He won’t even get selected as Uxbridge MP, never mind leading the Tories.
neganon2
00:35 on 13 September, 2014
Apparently
As of yesterday
Scotland’s future is in the hands of our 17 and 18 year olds
Let’s hope they’re not very red
Mags you on it????
Macjay dismay
I’m talkin about red hands of ulster not reds under the bed in your nightmares
Bada,
Poser;)
Sitting at the bar scanning all the olives nae doot:)
Visitors just left, thanks to HT for visiting although he was only in for his season tickets, read p9 and thanks to tbj who knows all about his monicas..
HH
Gettin ure attention,
Happy birthday to you,
Happy birthday to you,
Happy birthay dear blah, blah
Fighter CSC
drambowiecelt
00:44 on 13 September, 2014
Mags you on it????
Yup
Margaret McGill
00:42 on 13 September, 2014
neganon2
00:35 on 13 September, 2014
Apparently
As of yesterday
Scotland’s future is in the hands of our 17 and 18 year olds
Let’s hope they’re not very red
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
#~~~~~~~~~~~####################
Populist. Wow
I could lie to you every night, wan thing is certqin. I love Celtic a lot more than any Politician.
Monteblanco
I was looking this up the other night to see how the use of the hydrogen in water was progressing.
There seems to be a few doing the development and if they can make the storage of hydrogen safe it could change the world.
From memory you need a lot of water to convert to energy but thinking outside the box why not build canals instead of motorways and scoop up the water to convert to fuel as you travel?
Mobile phones first appeared in 1973 (produced by Motorola!)
Now they are pervasive and can do the work a mainframe was needed for 50 years ago.
The other thing is the accelerating rate of development.
We went from record cylinder to record to tape to cd to dvd to memory stick with much shorter life time between the first and the last.
Each and every argument being put forward in the Y N debate should be subject to deeper scrutiny to identify and check underlying assumptions and ask will they stand the test of time?
We could conceivably end up with a trillion tons of oil no one wants.
No answer, fair enough, strange assertion to state that you know why people vote as they do anyway, possibly one of the most arrogant posts ever seen on here, feel free to defend your views anytime
BT
Milk and one sugar please son :-)
Macjay
personally I expected a rocky road for Deila. The little I read about his time in Norway revealed he had a troublesome start at Stromgodset. I also read that he’d fell out with the players and that perhaps the suggestion that he was keen to give youth a chance wasn’t actually the case, but he had in fact been forced to play them……and won a watch.
Appreciate that’s just a mad theory of mines.
But I’m keen to give the guy a chance. We need to innovate and take a gamble. Appointing one of the usual suspects would have lead to further stagnation. Ronny has provided some of the innovation and I like his approach. For example, player fitness and attitude weren’t tackled by Lenny. Why is open to conjecture. But Deila has made that a cornerstone and it can only be good for us.
Football success, needs luck. When Brown got injured I thought oh-oh ! But perhaps our luck is changing with his early return ?
Hail Hail
monteblanco
00:29 on
13 September, 2014
The gas supplying your cooker/heating has been as volatile as Hydrogen since time eternal. The big breakthrough is the storage. We were never able to store solar energy in the coal bunker like this before.
Petrol is a dirty thing to make enviromentaly and financialy.
Hydrogen can be produced cleanly – from water (H2O).
How to adapt to using Hydrogen (H2) is the next thing, fair enough. Don’t worry, it’s gonna be economically viable. Water and sun. Very cheap.
Squire Danaher
Is the game on the telly today
Is the game on the telly today
Is the game on the telly today
Is the game on the telly today
Is the game on the telly today
Is the game on the telly today
Is the game on the telly today
Is the game on the telly today
Is the game on the telly today
Is the game on the telly today
How come I can’t get my insurance firm to cover my iPad when this starts in the morning?
B.T Hope your on the mend ……Im currently on gabappenten,tramadol,naproxen
feckin amitriptyline ….nae wonder im moody.
getwellcsc.
BCW thanks. now to find Croy.
i neeed text that…..
I am so nothing. :>))
skyisalandfill
I could give you a lift from Croy depending on time mate.
Wow, it just b tru
Seems i nearly got the invisibility cloak ;-))
hail. Hail :: thumbs up ::
You c thumbs in shit ;-)))
HT
thats the wifes job, you where offered alcohol from the fridge when you came in….8))
Drambowie
good mix, has an effect on mood though, makes me crabbit too…
In retrospect there is a gerontological presence on CQN that doesn’t appear to feel
Scottish
Irish
Or
British
Just a bit Celticish
This is the vacuum of our discotechque
Phyllis Dietrichson 00:50,
Yes.
SydneyTim
11:52 on 12 September, 2014
neil lennon & mccartney
Looks an exciting team. But it’s 4 2 4 You are basically giving the midfield to Aberdeen who will play 4 5 1 They would dominate the midfield
Sydney ~ sorry, I missed your reply due to being distracted by new article from Paul67. No-one else responded, although a few posters agreed with your point on the midfield.
Howevva, the formation I proposed would be 4-3-1-2, going forward, or conventional 4-4-2 or 4-5-1 when defending.
Celtic has suffered badly due to the lack of effective cover for Izzy’s mazy runs down the left wing. That’s where Wakaso comes in. From what I can gather, he’s very versatile and has played midfield (L&R) and forward (L&R). I see Wakaso as covering for Izzy’s runs; likewise when Wakaso goes forward it relieves Izzy, allowing him to defend breakaways by the opposition.
Anyway, it was just my thinking and an attempt to get folk talking fitba again!
I would genuinely like to hear how you (or any others) see Celtic lining up agin the dons.
Here is my selection:~
………………………Gordon
O’Connell…Denayer…..VVD………Emilio
Brown…………..Kayal…………..Wakaso
……………………McGregor
…………Scepovic………Guidetti
HH
Auldheid
A trillion is it now? I heard it was running out ;)
We need the oil to power the present systems to enable the research for renewables.
It will be that way for years and when we crack it we need the oil to power the manufacture of renewable plant till the tipping point.
We are at the forefront of renewable development
We produce 20% of Europes renewable energy already
We have all the aces lined up
We could stick hydro plants on all the water treatment plants and produce energy as we pump treated water back into the rivers but we need the oil to make all the parts, we also need the revenue because the present Gov are in denial about Climate change and the budget gets cut.
Scotland’s economy is geared towards this kinda stuff
Deeper scrutiny is definitely required !!
Skyisalandfill
if you need ht number give me a text and ill pass it on…
in the morning mind..,
Night all, God Bless and KTF.
Margaret McGill
00:56 on 13 September, 2014
In retrospect there is a gerontological presence on CQN that doesn’t appear to feel
Scottish
Irish
Or
British
Just a bit Celticish
This is the vacuum of our discotechque
——————————————————–
seriously, you are a Gift from God.
YOU – are incredible. Totally amaZING, if you think I’m taking the proverbial, well you may be right you, you may be wrong.
Anger is an energy.
http://www.youtube.com/watch?v=YB3gnMetw0g
Mcmg
you’re repeatin self ;-((
H.H.
I heard that kojo got in a fight this week in Vegas over the definition of an odd number
Damn, got a bit political
my shame, LoL
;-)))))
meansong
Ah right! I am no expert but will read up. Was talking more about converting cars and having to transport hydrogen over roads etc, to refill points. gas is underground so not the same issue for collisions if you see what I mean.
I thought this was some kinda breakthrough where hydrogen is non volatile going in to a car then extracted in situ when required.
That would be a trick!
But I am with you all the way
off oot as they say in here
3 is the magic number, aye
I dislike boxing noo, Nigel B.csc
http://www.youtube.com/watch?v=0irL1M15DH8
When people reaslilise what 3 means on a Pg, I means Paga.
Sandman 17:17
” The Global financial markets are inter-dependent on each other.These markets are what sustain us – your income, your future,and the future of the country”
if true,the human race is finished.
The markets in their own interdependent way seek to maximise profits and minimize cost.
Externalities like human wellbeing are of no interest to feral capatilism.
They sustain nothing but their own robotic need for profit.
.Our future is jeopordized the more feral and deregulated the market becomes and they are becoming wilder.
They sustain and add nothing to the balance of mankind if anything they sustain a need for more public money and if the market does not get it, it is offsky at the hit of a return key to where democracy has no place,
Feral capitalism I believe is a threat to democracy and leave us with no future other than enslaved automoton to the market.
I dissent your view.interdependence in pursuit of profits in abstract markets benefit only a few
.
Examples of feral capatilism needing public money-
U.S senate bailing out its banking system-
$(unknown) billions
Uk bail out £ billion (unknown)
Derivative settlement wrote off $(billions)-
mathematically impossible at times to quantify- but the public will pay!! for errors their hard earned and worked for money should never have been used in rhe first place for.
Jeez youll be tellin me trickledown economics actually works next!
————————–
Regards the £ I think the biggest error was Gideon speaking to ‘the city’from edinburgh assertiing if scotland votes Yes then £(eng, nir.wales) will become the new £
Fine when polls predicting 70-30 as certainty and confidence comforted the market at that time
When it is as close as it is now it is a speculators dream and traders aplenty have already seen decline in the £
Maybe thats why Gideon cancelled his G20 meetin next weekend
Maybe it would have been better to have discussed it after the vote as some form of settlement involving business from both sides of the border whose opinion appears to have been neglected as Gideon nods to the city.
Hope yir well :-)
Hh
Margaret McGill,
I’m very distracted right now, by hiccu;ps, Beleive that or not.
Barack, he is worse than Bush, IMO.
petec
01:02 on 13 September, 2014
“seriously, you are a Gift from God.”
That’s what they awe say ;)