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.
[calameo code=0003901718cdc4362fa2e? lang=en page=122 hidelinks=1 width=100% height=500]
1,143 Comments- Pages:
- «
- 1
- ...
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- »
Anyway
A lovely morning in G78, and across the Clyde Valley.
No jackets required today when we go to see the Celtic – have a good day all.
Looking forward to a chance to play the new boys and see us up against the 2nd best squad in the SPFL.
I don’t think Ronny’s methods will be much better integrated with all the upheaval due to new arrivals and the international break but I still expect the players to be good enough to beat the Dons at home regardless of these difficulties.
Problems in adjusting to team systems and team tactics do not account for the severe lack of form that this squad has shown at times to date. I don’t expect another Dundee United level performance but one of the St. Johnstone level should be good enough.
3:1 for the Tic
Good morning friends from a very dry and very pleasantly bright looking East Kilbride.
Another trip to see The Champions play! Yes!
Hopefully see some of you at CQN Corner but might depend on when I make my escape from the Original Gazebo. Just look for Henrik….. ;-)
Tamrabam
Morning , just wondering is “permarage” your default setting? early in the morning and you`re full on already.
mwd:
Forgot you go to CQN corner as well, will send you Tom’s No. as well.
Keep the Faith!
Hail Hail!
Morning Bhoys. Enjoy the game. I am still not well enough to go. Bummer. I am , however, well enough to know that Celtic are unlikely ever to receive such positive reporting from Richard Wilson on the BBC site. This was the end of his match report:
“The visitors can take heart from the growing assurance and aplomb of Macleod, Aird’s ability to be busy and effective on the right flank, the burgeoning partnership between Clark and Boyd, and the high tempo and intent that the team was capable of in Kirkcaldy.”
A world class performance suited to the team at the top of the Best League in the World.
JJ
Jungle Jim
I started reading the report this morning , never made it beyond paragraph 2 as the love in was set to maximum……truly awful.
JJ
Stabilisers next time.
Hope your feeling better.
MWD says AYE
BT
Nah..not on hol. Been up since 4 studying nags, sending e mails, phoning, usual stuff.
Shame about next FRi bud. I’m staying in Ayr on the Thu/ Fri, then heading to visit my daughter in her new house and see the rest of the family Sat. Looking fwd to meeting up with PF again. Not sure who is going on the FRiday. We are going into Ayr on Thu night to catch hoops game.
I’m at Haydock the following weekend for 2 days as a guest, so, expensive fortnight approaching if I don’t get a few winners!
For all the bhoys and ghirls lucky enough to be going to Celtic Park today,
a wee song…….
Howe Gelb “Paradise Here Abouts”
http://www.youtube.com/watch?v=ow9VD_2bkDg&list=PL321BDFCE65BEFBC9
Not to worry Lennybhoy
I’m the one standing on t’other side looking in wishing and hoping someday the clique affords me a spot in their huddles.
Tell yeez sumhin though. Yeez think they talk rubbish oan here! It’s like feckin Rothesay Public toilets. Aye they look good but are full a pish!
MWD says AYE
squire d
Any comparative data for the 6 SNP MPs at Westminster?
Could Murphy’s “demotion” to the position of Shadow Secretary of State for International Development in 2013 account for the increase?
Or is he one of the many MPs who are still abusing expenses claims?
Lots of questions could be asked and further research undertaken before you leap to your conclusion. Ask yourself, is it likely to be that blatant?
Herald
Saturday 13 September 2014
CELTIC have announced that the club made an £11.2m pre-tax profit last season despite a significant drop in revenue.
The club’s annual accounts showed group revenue decreased by 14.6% to £64.7m, with some of the fall being attributed to a £100 reward to season-ticket holders.
Operating expenses also fell, by 4.5% to just under £60m, to leave Celtic with almost £4m in the bank on June 30. Celtic chairman Ian Bankier described the results as “pleasing” and claimed it left the Scottish champions “in a strong financial position going forward”.
Bankier thanked former manager Neil Lennon for his contribution to the club before he left in the summer to be replaced by Ronny Deila, after guiding Celtic to their third successive title and two successive Champions League campaigns.
The Parkhead chairman also reiterated the message of shrewd husbandry that chief executive Peter Lawwell sent out in the wake of Celtic’s elimination from the Champions League qualifiers last month and in the face of a perceived lack of spending by the board.
Bankier said: “Whilst the short-term objectives of the company are dominated by our day-to-day success as a club on the park, the chief role of the board is to ensure that the long-term future of the club, and the company, is secured.
“Ensuring the long-term security of this club is a process of maximising the potential of the present and managing the risks of the future.
“The board is highly conscious of the financial environment in which we play football here in Scotland.
“The harsh reality is that the total income from broadcasting rights available to the Scottish game is a tiny fraction of what is available to our neighbours in England.
“Within this context and in the face of these hard facts, the board
has evolved the strategy that
the club, financially, has to adopt a self-sustaining model.
“In plain words, we have to live within our means. We cannot spend money that we don’t have. This is the only way to discharge our fundamental duty to protect the future of this great club.
“Despite all of this, we share the fans’ disappointment over
the failure to qualify for the group stages of the UEFA Champions League this year. Obviously,
we work very hard to employ
the funds we have to allow
the manager and the team
to produce the best football results they can.
“We do our utmost to acquire the best players we can within our financial constraints and
the manager and the football operation use their best efforts to develop these players along with the talented players produced
by our Youth Academy.”
moonbeams wd. wee oscar’s our bhoy and kano’s our mhan.
08:46 on 13 September, 2014
At the time they meet I’m still talking my pash in the the Pub in ML5 leave it to beat traffic and in on time for the Huddle…:)
Keep the Faith!
Hail Hail!
BBC left red faced by Ashley’s Sevco scoop
Date: 12th September 2014 at 7:32 pm
Written by: Joe McHugh | Comments (0)
BBC Scotland have been left red faced over their attempt to talk up Mike Ashley’s interest in Sevco.
A story in the Telegraph alleging that Ashley was set to sell Newcastle and pile his fortune into the struggling League One champions got the sports department of the state broadcaster excited as they sensed a cash windfall heading Ibrox way.
Rather than approach Newcastle for a comment on the story BBC Radio Scotland invited the journalist behind the story onto the airwaves to provide more detail on the yarn.
Being freed from the commercial constraints that apply to every other media outlet in the country the BBC could have examined the story to see if it had any substance but instead spent time talking up the prospect of the Sports Direct Arena hosting Champions League football.
It seems that no-one at the state broadcaster knew that branded stadiums are banned by UEFA with the Emirates Stadium and Allianz Arena, among others, re-named for European nights.
The thoughts of Ashley remain a closely guarded secret with Newcastle reacting to the story by banning the Telegraph from St James Park.
Announcing the ban on the newspaper Newcastle stated: “It is not acceptable for newspapers to print factually inaccurate reports that are damaging to the Club and to fail to check facts with Newcastle United ahead of publication and then expect to receive access to the Club.
“Newcastle United will not tolerate this and will take such action as it deems appropriate.
“The ban extends to all reporters working for, or freelancing on behalf of, the Daily Telegraph, as well as Luke Edwards in any capacity he may have working for the paper’s sister title or on a freelance basis.”
Confirming his lack of interest in Sevco Ashley declined to buy up his stake in the share issue aimed at meeting the September payroll.
Good mornin’ troops….
The Rebel County is bathed in the warm glow of Timdom.
The Dandies will be a hard encounter given the context of Ronny and Jonny’s team- building effort – time to let the New Bhoys show us what they’ve got.
Is Broonie fit?
HH
TODAY will see the Bhoys face Aberdeen in one of the most eagerly-anticipated games in the league calendar, and the Celtic Ticket Office will be open from 9am through until the 12.45pm kick off to accommodate supporters keen to snap up tickets for the big game.
Anticipation around the game has been heightened by the potential Celtic debuts of some of our recent signings, with Swedish striker John Guidetti speaking this week of how keen he is to play in front of the Celtic support.
Take your place in Paradise and welcome the new Bhoys to Celtic Park.
Tickets are available at £29 for adults, £17 for concessions and £10 for under-13s for today’s match, with supporters advised to collect as early as possible to avoid queuing ahead of the 12.45pm kick off.
Jamesgang
time to cash out.
Does anyone here play Texas Holdum?
cardscsc
McGinn would fit in very well back at Celtic, says Brown
Phil Gordon
Saturday 13 September 2014
ONE pearl of advice transformed Niall McGinn from a peripheral player into a polished striker.
It came from Craig Brown, who is convinced that the Aberdeen forward has grown into such an accomplished player since leaving Celtic two years ago that even the champions would covet him now.
The 27-year-old returns to Celtic Park – where he scored in both Aberdeen’s SPFL Premiership visits last term – on the back of a successful week for Northern Ireland.
McGinn inspired a comeback for Michael O’Neill’s team in Budapest last Tuesday, by scoring an equaliser against Hungary before setting up Kyle Lafferty’s winner in the 2-1 Euro 2016 qualifying triumph.
Brown was the man who signed McGinn in June 2012 after the then-winger’s contract had expired at Celtic. The former Aberdeen manager – now a director at Pittodrie – played a crucial role in changing McGinn’s psyche in the box, and now club and country are profiting.
“Niall is a different player to the one who left Celtic,” said Brown. “He’s grown in confidence with Aberdeen and Northern Ireland and I think he would fit in very well to the Celtic team now.
“Celtic had Gary Hooper then, so the chances there were limited. He was used mostly as a wide player – but I told Niall that ‘if you want to play as a winger, you’re not coming to Pittodrie. We need you as a striker.'”
The secret of McGinn’s success was a quiet word from Brown in the ear of the shy ‘quiet man’ from County Tyrone. “Niall used to shoot a lot from distance and every one had to be a glory attempt,” explained the former Scotland manager. “I told him to calm down and that ‘the net is your team-mate’. I told him to pass the ball into the net – and he started scoring.
“Niall got his first international goal away to Portugal that year, when Northern Ireland drew 1-1 there, which gave him more confidence. But what I really liked more than his goal, was that he contributed to the team crucially that night by marking Cristiano Ronaldo – that was Ronaldo’s poorest game for Portugal.
“Yet that sums up Niall. If you ask him to do something he’ll do it properly. Niall is a very quiet and modest boy who has no ego.”
SFTB
I’m sorry. Don’t care whose taking the rip! SNP Labour Tory. That is the WM that has been created. It is acceptable now. It is disgraceful. £103m expenses for 650 workers. Is unacceptable no matter the break down. Employing relatives on public money I’d unacceptable.
End of story.
Break it down. Tear it up. I dong care. It is unacceptable. You can fancy word it Better Together all you like.
In fact it is a- what’s that new buzz phrase – It’s a cruel deceit’
But hey if that’s what you think you can change?
MWD says AYE
going to be a tough game today.
RD has surprised many of us with his team selections this year, okay surprised is maybe not the correct word but you get my drift.
Today will be no different, I am going to plump for starts for 2 new ones, one on bench.
Sitting on fence by not naming names or maybe I just canny spell them yet.
Squire
JF Murphy’s claims over the past 4 years are particularly interesting. His staff costs increased from app £20k in 2012-3 to app £120 in 2013-4.
:::::::::::::::::::::.
Dry cleaning is quite expensive.
setting free the bears for res. 12 & oscar knox but saying no to cqn racists
08:47 on 13 September, 2014
Yes, all data available for the past 4 financial years at website.
I thought I heard in the media there may be another stubs hie brewing re: parliamentary expenses. Murphy is my local MP so I checked him first as a matter of interest. By way of confirmation my post of 08:36 refers to me being in G78.
I readily admit that
1) his 6-fold increase in staff costs raised my eyebrows,
2) YES-friendly MPs may be doing the same, and
3) Murphy may have an entirely innocent explanation.
I will let you know of his response after I contact his office to find out.
Enjoy the game and your day :D
Mon The Hoops!
05:05 on
13 September, 2014
As a Scot, there is a simple question to the European Community.
I have been an EU Citizen for over 40 years, are you kicking me out if we vote Yes?
==
In simple terms it will be a yes vote that removes Scotland from the EU. The EU will not be kicking anyone out. How difficult or easy it will be for Scotland to negotiate entry to the EU is another matter.
Great day for a game.
The Celtic Way bathed in sunshine
A few new signings
Good opposition
Celtic, Celtic thats the team for me,
Celtic, Celtic on to victory,
They’re the finest team in Scotland, I’m sure you will agree,
We’ll never give up till we’ve won the cup and the Scottish football league
They come from bonnie Scotland, they come from county Cork,
They come from dear old Donegal and even from New York,
From every street in Glasgow they proudly make their way,
To a place called dear old paradise and this is what they say.
Celtic, Celtic thats the team for me,
Celtic, Celtic on to victory,
They’re the finest team in Scotland, I’m sure you will agree,
We’ll never give up till we’ve won the cup and the Scottish football league.
There’s Fallon, Young and Gemmell who proudly wear the green,
There’s Clark, McNeill and Kennedy the best there;s ever been,
Jim Johnstone, Murdoch, Chalmers, John Divers and John Hughes,
And sixty thousand Celtic fans who proudly shout the news.
Celtic, Celtic thats the team for me,
Celtic, Celtic on to victory,
They’re the finest team in Scotland, I’m sure you will agree,
We’ll never give up till we’ve won the cup and the Scottish football league.
l
Memo to fleagle1888. BMCUWP will send my nap/nag AGAIN/// . Tech and me no soul mates….
squire danaher
08:34 on
13 September, 2014
moonbeams wd. wee oscar’s our bhoy and kano’s our mhan.
07:53 on 13 September, 2014
In answer to an enquiry of mine regarding his initial post, Chavez posted link at app 16:45 yesterday to access all MPs expenses.
Try http://www.parliamentary-standards.org.uk Claims are broken down into various sub-headings like accommodation, travel, staff costs.
JF Murphy’s claims over the past 4 years are particularly interesting. His staff costs increased from app £20k in 2012-3 to app £120 in 2013-4.
Surely he isn’t employing a team of staff to do Better Together work?
If he is, it will have to appear in accounts as chalk and string and other things.
Why criticise Jim.
Cameron has been using Downing Street resources to bolster Better Tlogether.
Just going through Greenock on the train , very foggy .
Morning Celts
For the lanzarotte Tim’s in Puerto Del Carmen, normal celtic shop the halfpenny inn looked closed last night, wee Derryghirl has checked their website, no posts since June.
Just been for a walk there are a few pubs showing the game, the Venue in PDC is the place of choice today ✊
To all you Celts going to the game, enjoy!
Connaire get well soon!
Hx2
Frank Ryan’s Whiskey
09:01 on
13 September, 2014
Mon The Hoops!
05:05 on
13 September, 2014
As a Scot, there is a simple question to the European Community.
I have been an EU Citizen for over 40 years, are you kicking me out if we vote Yes?
==
In simple terms it will be a yes vote that removes Scotland from the EU. The EU will not be kicking anyone out. How difficult or easy it will be for Scotland to negotiate entry to the EU is another matter.
Frank just vote NO, hang around a couple of years and Cameron led by the nose by – no more powers for Scotland – Boris, andNigel will drag you out of Europe anyway.
bournesouprecipe
Magic..
Still no word of Jim and his mates going to Edinburgh to support their Better Together Brethren.
…that dick, wlson has just awarded himself a full blown “Broadfoot” with his soar-away, sun-standard match report…….in the national broadcaster.
Weather wise it was a nippy 22c last night brrrrrrr
Warming up now though, just in time fur the kick off.
Hx2
Looking forward to getting back to 407 today, listening to some good music whilst getting breakfast organised.
http://youtu.be/oQkoKsli3H8
Hope everyone going along has a great day, hail hail.
Ticket office down by the ole Gazebo is open until K.O.
On the positive side.
Last night’s cringeworthy performance byu Martin provides with the consolation that Scotland is not alone in having a parcel of political rogues in a nation.