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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Tom McLaughlin
09:32 on 13 September, 2014
‘Female in orange hat complaining because it wouldn’t read her ticket. I pointed out to her that she was inserting her return ticket’
###
Was she English?
Good morning CQNers
A longshot perhaps but is anyone aware of any Celtic bar in Lido de Jesolo where I might be able to watch the game today?
I’ve had a fine time in Verona and Venice but now to the serious stuff of watching the Bhoys hammer the sheep. Lambs to the slaughter today.
I’ve also spotted Sevco/Newco/Tesco or whatever they call themselves are still in something of a pickle. Lovely.
Hail Hail
V
had an accident on his bike during the week, banged up pretty bad im afraid.
CQN Saturday Naps Competition
Lads, for those who are in the CQN Saturday Naps competition, please go back and post today’s selection at the end of the previous article :
“Riches available for Ronny, now let Imran retire to Charlotte Sq”
All the best, fleagle1888
I’m like a wean in a sweetie shop , can’t wait to get to paradise .
vmhan – ynwa wee oscar
09:09 on 13 September, 2014
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
—-
Hi,
I was in Puerto del Carmen this time last year, the Ha penny isn’t always open but they will be open for the game .
HH
come on the bhoys in green
and for that Mankey mob in Edinburgh.
I hope that big pile of bricks on the hill fall down on top af them all
THE DEVIL IS DEAD BURN YA BASS
Hail Hail
ps.enjoy the match
Cyrean
black cat pub piazza mancinni, try them although arsenal city on same time..
nothing in celtic bars
This seems like a fair assessment
……’Eamonn McCann, commentator on Irish affairs, takes a dim view of Paisley’s life and works.
“No matter what he did in the last few years of his life to repair the damage that his career has wreaked upon Northern Ireland, the judgement has to be negative,” he says, adding, “He was a source of division, a source of hatred. Dr. Paisley helped to create, and then for years helped to sustain, the political situation and emotional intensity in which the infliction of death was inevitable.”
God before politics
Mr. McCann, a one-time civil rights activist turned journalist, locates Paisley’s politics firmly in his fundamentalist interpretation of his faith.
“He was motivated by religion rather than politics, even in the political arena,” McCann said. “He made no distinction between Ulster and the cause of the Reformation, therefore to Paisley to give in to [Irish] Nationalism was to go against God — and that was a recipe for political intransigence of a spectacular kind. That is why he rejected every compromise for decades… He provided a religious justification for murder.”…….
http://www.csmonitor.com/World/Europe/2014/0912/Ian-Paisley-a-firebrand-Unionist-who-made-peace-late-in-life
Off up to see my auld da, put his horsey lines on and get whatever else he demands from the shops, no bevy for me till late as I’ll need to drive to the game :(
3-1 the hoops :))
Neighbour has had her hair done, off to the sash bash in Auld Reekie,does not a political thought running through her well coiffured barnet.
Blantyretim is praying for the Knox family at 9:43
Thanks very much for quick response. I’ll try there but guess they’ll be watching the Monopoly Football match from The Emirates.
Hail Hail and Good Luck to all the new Bhoys today.
For all you betting enthusiasts I’ve had a tip for Random Success 3:25 Bath.
It might help me pay for the meal tonight!!!!
Oranje Ordure…………………………….in Embra?
I thought it was only a “west coast” problem!?
Just read that the latest poll in the Guardian has NO 51% and YES 49%
Beginning to think that we just might pull it off by a whisker.
Quantum says YES
2 nil win today
Missing the game today because I’m bring dragged to a mini festival at Blackheath (at least Massive Attack are the headliners).
My prediction…4-2 to Celtic, and there will be 13 corners.
Profits rise as product quality plummets
Naw there’s nae English Orangemen or wummen !!!
http://www.theguardian.com/uk/the-northerner/2012/jun/21/liverpool-northernireland
SFTB
You forgot to mention the “votes for marches pact” entered into by leading Glasgow City Council Labour members such as Mathieson and McAvitie at the last council elections – FACT
……or the increases in OO marches in Glasgow since the same elections – FACT
A win at Raith last night.
March with the pro union brethren today
Land of hope ad glory dambusters and rule Britannia at the proms tonight
The bbc will be magnifying their positive achievements to the hilt in the most nauseating display of pro union propaganda ever.
I appreciate many Celtic board folk and shareholders etc are also Pro Union and some on here too but
The good thing is come Friday the orange hangers on and their ilk will be out of the league cup and staring into the abyss once more in the fitba. And a democratic Scotland will be their nation for the future and their beloved union gone for good.
This is their last hurrah.
Pf Ayr
It happened with yorkie bars too. Less milky chocolate made it cheaper and profits grew.
RobinBhoy
09:34 on
13 September, 2014
Darren O’dea training with us after leaving the Donetsk war zone. Still only 27, might be worth a punt as a free agent?
***************************************************************************
Robinbhoy,
I posted about Darren last week in similar vain.
Was met with a barrage of bollocks…..
I think he can do a job for us. Mulgrew out now also…..
HH
Burnley78
I disagree with you on much of the Hoopy chat on here.
We are in agreement on voting YES.
I am however not as confident as you re. referendum outcome.
I have a squeak bum. I’m happy about that as I never thought we’d get this close. Unlike the squeaky bums of angst and desperation of the No camp.
One thing though. I do not understand how you are able to split the politics that affect your life and society that I have read you post on here but on the other hand support our PLC politics and policy which to my mind are polar opposite.
Just asking! And interested.
MWD says AYE
Wee have too large a squad as it is, if Darrren is needed then we may as well close Lennoxtown and move back to barrowfield.
nothing to do with big D more to do with lack ot talent in the squad.
in other, ither news……..
the Big Fat Bloak who indicated he might be just about to put himself forward to join the queue of billionaires
possibly interested
in perhaps joining the ‘race’ to be considered as
one of the “Big Hitters” likely to declare an interest in maybe
one day soon
saving the ranjurs……..
has just said “naw”.
BBC.co.uk/fan/desperate/sad/”hero”/OnTheJourney
DD left as he was not good enough. It would really be a sad day and recognition of our failings to continually improve if suddenly he was considered as a potential signing.
100% agree BT. 1 good player is better than 3/4 average players.
Was speaking to a work collegue and relative of the young lad Breslin. The boy has been made Scotland captain by Mark Wouters and is rated very highly as he Wouters sees him as being a strong centre half and technically superb with the ball at his feet. The Scotland setup have never questioned his height. At Celtic he is not rated so highly mainly due to his height. He is only 6ft tall after all.
When I hear these stories directly from family members of youth players it worries me that we do not have the right people in charge of our youth setup.
However. I suppose Scotland and Mark Wouters could be wrong.
MWD says AYE
MWD
height is not everything in a cb, timing is more important, but what would big Chris know about being acb, big guy but not very good in the air…
Mon The Hoops! – “I have been an EU Citizen for over 40 years, are you kicking me out if we vote Yes?”
Pendantic point: you’ve only been a citizen of the EU since 1993.
Main point: nobody really knows what the EU will do if Scotland breaks away from the UK. The EU is ruled by men and not laws and won’t hesitate to act illegally when it suits them.
However, they’ve said Scotland would have to apply to join as a new member state. Some member states, especially Spain, have a vested interest in making the accession of an independent Scotland protracted and painful, so as not to encourage their own breakaway movements. It’s not personal, they just can’t afford to present the Catalans and the Basques with an easy way to leave Spain.
Therefore it’s reasonable to assume that if Scotland votes Yes, the country will spend some time as a non-EU member, perhaps only a couple of years if accelerated negotiations can be agreed. Perhaps longer. That means being outside the single market, so Scottish goods being sold to the EU (and the rest of the UK) are liable to customs duties.
Crucially, England wouldn’t be allowed to permit Scottish imports to freely enter her borders – the EU controls “external” trade agreements. You can imagine the effect this will have on farming, fisheries, whisky, etc.
From the Scottish Government website:
The total value of exports from Scotland to the rest of UK in 2012 (excluding oil and gas) is estimated at £47.6 billion, of which £25.3 billion was from the services sector and £12.7 billion from the manufacturing sector.
So when Jim Sillars threatened a “Day of Reckoning” against banks and oil companies that employ Scots and invest in Scotland, he wasn’t exaggerating.
Scots would also lose the right to freely travel and work in EU states. For most people that would be more of an annoyance than a serious hindrance, but bad news for Scots who do contract work abroad.
It seems likely the EU would insist Scotland joins the Euro as a necessary condition of EU membership. All new EU members are obliged to adopt the Euro and the EU is unlikely to want to establish a precedent that removes this requirement. So, goodbye pound and hello a currency union that is structurally and cyclically incompatible with the Scottish economy as we know it.
People in Ireland and Greece can tell you how that works out. Thankfully we have Skype these days so it’s not that hard to see your children after they’re forced to emigrate to find jobs.
The Yes campaign says it’s negative to focus on these facts and you should concentrate on the bigger prize – giving the politicians who brought you the Offensive Behaviour at Football Act supreme political power.
Seems legit. (thumbsup)
My only post about the referendum (I won’t be voting as I don’t believe in democracy :o)
Groundskeeper Willie has his say
http://youtu.be/W6vDzf-wSbk
Aye, it’s Celtic Celtic, that’s the team for me
Celtic Celtic onto Victoreee
See you all at CQN corner
COYBIG
Auldheid/neganon2,
Listened to your economic and financial fears about an independent Scotland, here is an alternative proposal by some people who know the banking industry better than most.
http://www.disclose.tv/action/viewvideo/165617/Keiser_Report_ScottCoin_for_Scottish_Independence_Dominic_Frisby__Keiser_Report/
Bhoys
I have a spare ticket for today, free :-) or donation to the Shay Fund through CRC
Anyone interested, will be at CQN Corner by aboot 12
Hail Hail
pedrocaravanachio67
10:00 on 13 September, 2014
Naw there’s nae English Orangemen or wummen !!!
There is a march every year in Manchester also,
blantyretim is praying for the Knox family
10:15 on
13 September, 2014
Wee have too large a squad as it is, if Darrren is needed then we may as well close Lennoxtown and move back to barrowfield.
nothing to do with big D more to do with lack ot talent in the squad.
***************************************************************
BT
I am sure you’ll find that Darren is a product of Lennoxtown, 2006 or thereabouts, he just had to leave to get game time…..
We have some good kids coming through, but experience is important to.
Competition is always healthy….
HH
HH
Pf912912. Mmmmmmmm FACTS eh?
There’s also the annual OO walk in Lewes, England where an effigy of the Pope is always burned.
Only in England.
It is a fact of life that the most precious resource that Mother Earth possesses is water.
It is fundamental to life itself.
Globally and UK wide, Scotland has a disproportionate share of this precious resource.
My thinking cap is telling me that Westminster is not in a panic over oil….not at all.
We will all be dead and gone, but 100 years from now all wars will be fought over water and not oil.
ThefutureisunwrittenCSC
Burnley
For some it’s much more than business profits
Our financial model is based around player sales and gambling with CL qualification
We have sold two players for significant profit …probably a third when VVD goes….after that the cupboard is bare ….
No CL participation this year will mug profits …
The two mainstays of our financial model jeopardised……I fear our house is built on sand
Paying a CEO £1m for this is outrageous