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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Ryecatcher are you voting?
kinglubo
10:53 on 13 September, 2014
Not living in Scotland, I’d like to ask a serious question please. Is Alex Salmond a mason??
::::::::::::::;;
Sorry I am sworn to secrecy.
NegAnon2
10:40 on
13 September, 2014
Ryecatcher. There is a wee flaw in your argument. Global warming means that it’s getting wetter in lots of places. Particularly the uk. Now unless salmond and co can control the weather (and that’s a new claim I believe) I don’t think the rain will stop at the scottish border?
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And there`s a wee flaw in yours.
The globe has not warmed for the last 15 years,which is why the term “global warming” was hurriedly morphed into the current euphemism…………”Climate change.”
Climate scientists ,aka weather forecasters , must remain needed.
A change would be more than their jobsworth.
philvisreturns
Perhaps the greatest ever song with Saturday in the title…….
► 2:59► 2:59
http://www.youtube.com/watch?v=h5HU0OEiBlw
25 Aug 2012 – Uploaded by theaceface
30 years on and its only now i realise just how much of a lyrical masterpeice this is ” talk to jan in …
Neganon2,
Watch the last link then give me a considered opinion, a lot of your questions in that last rant are addressed.
Canamalar see the reposne from philvis. He is a crank who throws lots of theories out there without any consideration for practical workable solutions. He is a sort of conspiracy theorist for the finance sector. He offers no real solutions just lots of conjecture. Would you build your economic policy based on his beliefs. The thing about the internet is that you can always find someone or something to back up the most bizarre theories. They often even portray themselves as self styled gurus or professors or ministers etc.
But you would build your country based on these beliefs.
Canamalar I will watch again.
It’s funny how it’s called a rant eh. Doesn’t it make you at all worried?
KINGLUBO
10:53 on 13 September, 2014
Not living in Scotland, I’d like to ask a serious question please. Is Alex Salmond a mason??Bloody well hope not but feel he may be!
KINGLuBO
……………………………………………
Salmond is almost certainly a Mason given his background and previous employment. I think that apart from tradition employment is the main reason men enter the Craft and banking is notoriously rife with it. I worked in HM Dockyard as a young man and it was also a hotbed of freemasonry. If someone was ambitious and wanted to further their career there it was a must to join the brethren.
Having said that it is part of every aspect of life in Scotland. As Lord Elgin (Pat Grand Master Mason of Scotland) remarked: “freemasonry is part of the warp and weft of public life in Scotland”.
Gordon Brown, Henry McLeish are part of the very Masonic Fife Labour tradition so it is apolitical in a sense or omnipotent in Scots politics.
I have faith that an independent Scotland can change that and dispel secrecy on the way to an inclusive and meritocratic country.
My views here: http://www.tomminogue.com/2014/08/independence-stick-or-twist/
Only a fool would predict the Celtic starting eleven today;
Gordon
Lustig
VVD
Denayer
Izzy
Biton
Brown
Johansson
Commons
Scepovic
McGregor
British Together is a campaign group set up by the Grand Orange Lodge of Scotland to assist the mainstream Unionist groups leading up to and including the independence referendum in 2014.
Earlier in the year, Graeme Morrice, Labour MP for Livingston, was guest speaker at the Bathgate Boyne Celebrations of East of Scotland Orangemen. He issued a clarion call to preserve the Union.
Philvis..,
So he’s never worked in the banking sector, he has no knowledge of how easily it is to manipulate and has no idea what he is talking about when he declared the BoE involved in the biggest fraud in history for their part in the Forex manipulation ?
Macjay1 have you seen the charts for global warming? Shall we deny that global warming or climate change exists? Shall I add it to the list? The entry will be
Scotland will retain the precious commodity of water in the future and use it be build it’s wealth despite the uk and other countries getting progressively wetter.
Do you deny it’s getting wetter? Or will the rain my seriously stop at the scottish border?
ryecatcher
10:38 on 13 September, 2014
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
===============================
Are you Kevin Costner?
;))
BCW… And…..the point is?
bournesouprecipe
11:17 on 13 September, 2014
Only a fool would predict the Celtic starting eleven today;
—————————————-
Gordon
Virgil Lustig Denayer Izzy
Broon McGregor Kayal Johansson
Guideti Scepovic
ekbhoy – Yes, it’s possible the EU was lying when they’ve said, time and time again, that an independent Scotland would have to apply for admission to the EU as a new member state.
http://m.bbc.co.uk/news/uk-scotland-scotland-politics-26215963
European Commission President Jose Manuel Barroso has said it would be “extremely difficult, if not impossible” for an independent Scotland to join the European Union.
Speaking to the BBC’s Andrew Marr he said an independent Scotland would have to apply for membership and get the approval of all current member states.
It’s possible EU members like Spain will vote against their own interests and make it easy for Scotland, thus preparing an easy path to seperation for their own breakaway movements.
http://www.theguardian.com/politics/2013/nov/27/scottish-independence-spain-alex-salmond-eu
Scottish independence: Spain blocks Alex Salmond’s hopes for EU transition
No automatic welcome for independent Scotland, says Mariano Rajoy, who expects UK to take same stance on Catalonia
It’s possible the EU will ignore its own treaty requirement that all new members join the Euro.
http://ec.europa.eu/economy_finance/euro/adoption/index_en.htm
And all you need to bet on it is your livelihood and the jobs and pension expectations of your family.
Bon courage. (thumbsup)
On the train to Paradise, good turnout of Dumbarton and Clydebank rebels today.
COYBIG
Neganon
That is the point …assertion that we are all OO, BNP,NF loving collaborators for voting NO
Neganon….
Can’t vote due to my geographical situation..
My father and brothers/sisters/nephews/nieces will all be affected by the vote though.
Even if they weren’t I still reserve the right to an opinion on the referendum.
Big game to_day and European football this week combined with this fab weather a great time to be a Celtic fan. Looking forward to seeing this new striker Stefan the Serb in action but keeping our expectations in check after the disappointments of previous signings.
Interesting to hear Darren ODea is back training with the Hoops. Darren is married to a Glasgow lass and not surprised they got out of the Ukraine warzone. Darren is only 27 and coming into his peak years as a footballer, he started at the club as a left back, could he do a job there as backup to Izzy?
Neganon2,
As I said it is a different link form last nights, it’s the link I thought I posted.
N2
chill and go watch the champions play at Celtic park, then enjoy a drink with your Celtic supporting friends on cqn….
you and mwd can argue till your hearts content about yes and no but remember to enjoy your time in their company..
hail hail
To, I think I have another new entry to my list. In your article you said the following
Because I care. Care when I see how, in my lifetime Scotland has gone from being a proud, industrious and prosperous, nation to become a basket case. A nation largely dependent on North Sea oil, or what little of that revenue eventually trickles down from London after the wars are paid for.
So I think I can add another few entries.
Despite, as you say, Scotland parliament descending into mediocrity, independence will change it and it will become a vino brant parliament with the same politicians in it.
The Scotland today, currently riddled with Masonic influence, will shake off that influence despite being riddled by Masonic influence.
Scotland as a member of NATO, whether NATO likes it or not, will not engage with illegal wars or any conflicts which we don’t like but still get the protection that NATO brings.
The list is getting longer.
Moonbeams
I have repeatedly challenged the board on here and in person over the lack of energy in finding a better environment for Celtic to play. This goes back to 2004 on here and 2003 in discussions with BQ and others.
Without that change then we are stuck trying to work miracles to compete outside of our borders de to the glass ceiling of potential revenue we can earn.
The current reality is that we cannot budget for certain that we will have CL qualification and that has big implications. We also cannot be sure we can attract folk to play here at any price.
It is tough for them to square things with no real domestic competition and keep interest levels up for fans without bankrupting the business.
We massively outperform clubs from other wee countries in qualification terms of a 10 year period and in business turnover. The support and PL can both take great credit for this.
Without the different playing environment we cannot significantly maximise our potential and without that huge spending increases, even if players could be attracted don’t make sense to me.
Re Livng wage issue I pay my folk what my very small business can afford. I try to provide a really positive growing and learning environment which will help them develop careers and inspire them to be able to improve themselves. I am putting one through a part time masters degree for instance and another has recently spent time looking at opportunities in overseas markets as a kind of paid for holiday. It is not always black and white as regards wages. As our Business grows and becomes successful they will get huge value from their association with it and learning a from it. And increased pay as we can afford it. That might not suit everyone And I realise that but we have created 13 new jobs and opportunities in 2 years.
Watcha kiddos! :)
DD, traveling to the game with my young bro and wont get there till just before kick off.
See you in the kds after the game.
HH
Pf
Thanks for that. Wrong as usual but hey Ho!
Oh sorry Tom I missed one.
Scotland, a nation currently dependent on North Sea oil won’t be dependent on North Sea oil once it gets full control of North Sea oil.
NegAnon2
11:09 on 13 September, 2014
======================
Nailed.
Everyone should read it, recognise the collective madness.
But they won’t.
Nobody’s reading anything. Or thinking much.
Because there’s too much shouting to do, Irn bru to consume and Braveheart to watch on repeat.
We are a nation of lemmings. Queueing up to file over the cliff. Loudly, mind.
Neganon2
And your point is?
NegAnon2
If what you say is true…
Why didn’t the policy announcements made by Better Together look to benefit the whole of the UK?
Bankers Bonuses – No Change
Top rate of Income Tax – No change
MPs expenses – No change
Reduction in the TV licence – No change
Wealth redistribution from rich to poor of any kind – No change
If the UK govt had produced policies that benefitted the whole of the UK, they would not have broken purdah rules, instead preferred to boost the UKIP campaign by producing policies designed to stir up the kind of posts that make Darwin’s look like consensus.
Of course it suits the agenda of the UK politicians to do this particularly as a UK general election approaches, with those supposedly driving a hard bargain against the hated Scots gaining votes.
FREISDORFER
Hi mate,,was busy this mornindg
Just headin in now.
Prob miss start
HH
canamalar – Not sure what you’re looking for me to say buddy.
So he’s never worked in the banking sector,
Sure. He worked in the financial sector. So did Fred Goodwin, Bernie Madoff, and the “Wolf of Wall Street”.
The guy who led the panic against MMR vaccines was a doctor. The “Hitler Diaries” scam fooled eminent historians.
People can have experience and be wrong.
and has no idea what he is talking about when he declared the BoE involved in the biggest fraud in history for their part in the Forex manipulation ?
Nick Griffin turned out to be right when he warned that there were Muslim paedophile gangs operating with impunity. Does that mean we believe Nick Griffin is a credible individual?
Even cranks get it right sometimes. The question is, should we trust their judgement just because they say something we want to hear? (thumbsup)
NegAnon2
11:18 on
13 September, 2014
No argument about Scotland and water.
No argument about rainfall levels.
Global warming……………………There has been none in the last 15 years.
The rest is all a matter of opinion.
I have seen enough scientific opinion, nay certainty ,debunked to jump aboard the latest theory from weather forecasters, sorry climate scientists.
delaneys dunky
You going too CQN corner before kick off?
Philvis..,
The krypto currency is currently being used in Iceland, I thought Keiser started his to show the world how easy it is to set up.
When enough people buy into it, it becomes a very powerful alternative to the current banking system and that is their greatest fear, that they no longer control the barter system thus power.
Ryecatcher you see normally I wouldn’t bother about you not having a vote but calling for independence. But this directly impacts my children’s future so perhaps you will forgive me for feeling a bit passionate about the issue.
I will add another to the list.
It’s ok for those who do not live in Scotland to call for independence (e.g Ryecatcher) but it’s not okay for those who do not live in Scotland or who we will pretend do t live in Scotland to say independence is wrong (e.g ernie). And we reserve the right to pick and choose.