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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I never hought about it till now,
the MP fitba special type train, yesterday.
it was a jolly boys day out , and paid for on expenses.
bassas.
traditionalist88
Very true, I agree, but you can see what im saying.
NeilCanalamar
With change the only constant about life how can you say WM will not change?
Already regions in England are drawing conclusions about the concentration of wealth in the South.
We are not alone in wanting to change that and separating ourselves from like minds who with us can bring about change seems a massive error of judgement.
In fact our leaving suits WMthink.
Ahmad 350 K ? Have Sevco had a last minute bail out ?
http://www.philmacgiollabhain.ie/nuisance-value/
back to basics
god child or the the devils disciple?
I will be celebrating it, even if you wont
Try and stop me
Are the undead officially dead once more?
Ian Paisley: You are responsible for much hatred, fear, pain, anger and hurt. May God have mercy on your soul.
Neganon2,
Have you seen what max keiser has to say on the financial side ?
Totally agree with BT,Quonno and Prestonpans bhoys regarding posts from darwin chap.No need for personal language like that.Everyone is entitled to vote Yes or No.Just do it without the personal retorts like that.Everyone is titled to their own opinion.
Thindimebhoy 16:40 on 12 September, 2014
Jim Sillars
“This referendum is about power, and when we get a Yes majority, we will use that power for a day of reckoning with BP and the banks.”
Well said Jim Sillars
No wonder they are all threatening to head south to their political masters in London they know the Scottish people will demand major banking reform
We have not forgot the years of austerity their greed forced on us.
……………
Be careful what you wish for when you gamble everything on one turn of the cards.
Whatever happened to all that jolliness at people’s games/Ex Empire Games earlier in the summer.
The faux togetherness is now busted.
“A day of reckoning with the banks” – what nonsense he talks when he sees a microphone. The pound, the BofE, the debt, the loss of business confidence in Scotland. I think you’ll have a day of reckoning alright, it might just be not with Jim dictating terms
Such a day would bring ruin and penury to the very punters he is relying on to get him across the finishing line.
Jim’s been watching too many Superheroes movies in his man cave.
Auldheid 16:45
This young lady may not be as articulate as your Mr or Professor Philo
However while she is arguably playing to the camera a bit, she asks real questions of our Prime Minister-in-waiting who is going to lead the UK into a new era of social justice in which her and her peers will supposedly be better off than an independent Scotland.
Mr Miliband’s response is not encouraging.
http://m.youtube.com/watch?v=ITF9DYPtLno&feature=youtu.be
TBB,
Cheers for the reply, my interest is financially…a wee bet on with a deluded hun in the work, he reckons king or Ashley are going to come to their rescue.
I opted for before Halloween, as that day was significant to a club he used to follow. HH
Ger 57 it was supposed to sillars is just posturing. It wasn’t a dig at you.
test
just logged back on to see if anyone could shed light on how much Sevco directors put in to save them for a few months longer…..they are not doing that for nothing.
However the tone of comment on here reached new lows earlier, mocking and gloating the death of an old man and decrying a recently deceased old woman ???
Am out of here..
Thindimebhoy
16:51 on
12 September, 2014
NegAnon2
Thindimebhoy that is political populism and posturing on a grand scale. Tabliodesque ill though through and plain silly. It also guarantees that banks will move to England to escape from these new regulations you are tub thumping for.
Dearie me.
—
Cmon the greedy bankers got off the hook and the taxpayer footed the bill for their largesse .
Don’t you expect an independent Scotland with fair minded principles will tidy them up to suit us and not them
You know while the politicians were dipping the taxpayer via expenses they could hardly call the bankers crooks
An independent Scotland will shake the rotten lot of them up
====
Emm no a newly independent should Scotland trying its best to attract international business and the financial sector to set up shop in the newly established state. For a Nat politician to come out and say something like ‘we are going to sort out the banks and BP etc when we get to power’ must surely be seen as shooting oneself in the foot. Just the thing to attract banks and major companies to Scotland. And just what exactly have BP done to deserve the ire of the Scots nats – apart from stating what every other major oil company is in agreement with that N Sea oil is running out. Didn’t Shell issue also a statement concurring with this assessment. Are the Dutch now anti indy?
I try my best to avoid independence chatter. However,..
Yes voters are continuously asked what they will do when the oil runs out. A legitimate question. My answer would be to use the funds generated to create alternative forms of long term employment. But the question is equally valid for the Naysayers. Will our collective greatness allow more of us to draw benefits when the oil runs out? Because at times that seems likely to be the only option. Unless Big Gordon can convince Parliament to sanction the building of another “aircraft” carrier…
Canamalar no I haven’t. Have you got a link?
CRC
Test2 is this a new game?
west of ireland csc
17:32 on 12 September, 2014
Are you familiar with the background of the 1918 Education Act ?
Until you are then you may wish to retract your completely specious comparison between the status of the history of denominational education in Ireland and Scotland
jmccormick
dont let the door hit you on the way out
EK BOY
You no more know that than I know the opposite, but my experience of human nature is that if it sees threat to its existence it evolves to reduce the threat.
A close No will should have everyone saying if the UK really is worth preserving what are the issues that if addressed will reduce the risk of a break up.
The nature of WM is malleable. It changes with circumstances. That is self evident over a period of time but just because it is immediately observable that does not mean forces for change ( of which independence is one) are not at play.
There are no absolutes. There is no certainty, only possibilities which themselves teach us nothing is certain.
Malcaye I know salmond was saying we will create an oil defund etc. I believe that’s fanciful. We will need all our income to get past the break up etc.
Squire
he has tried to peddle this about catholic schools before..
Well, I would no be much into balance sheets, but reading that we are no doing that good.
CL football is a must, yet we gambled with it big time.
Can’t fathom that one out Pedro, I hope you are prepared for the qualifiers next season, cos from where I am typing, when the likes of VvD is sold, JD is back at Man Cty, our loans have gone back, our capitano disny sign a new reduced contract…….
The chances of the group stages arny looking great, what say you Pedro ???
HH
Oh….Jamesgang
This cave has two doors I will have you know >}
HH
Accounting Lesson 1: How to reduce your declared profit for the year ended 30 June 2014
Transfer fees and signing on fees are normally treated as an asset and the value w/off over the length of the players contract.
To reduce the impact of any profit made on player disposals, simply write off some of the remaining asset value of the existing pool as an impairment, reducing the impact of the declared profit.
Accounting Lesson no 2: How to reduce the impact of your reported net cash balance at 30 June 2014.
Simply make the amounts payable for these disposals in lesson 1 not due until 1 July 2014 or later. This will make your cash look poorer at the reported date. You can see the impact by the increase on trade debtors.
Test Question
Having studied the above, see if you can spot lesson 1 or 2 in the following example:
http://www.celticfc.net/downloads/SE_notifications/results_30_june_2014.pdf
Quiet please, exam in progress :-)
HH
CRC
So another false end to the Rangers saga the number of times it has been reported on CQN that they were near the end that have proved to be false are numerous.Tonight they are away to Raith Rovers and 3 points in this game could see them go top at least until Hearts next game.While we scoff at there plight they are getting nearer to the SPL. H.H.
Sandman 17:17 on
12 September, 2014
I take it you are a no voter then :)
Money talks and money can walk
The Scots will take their money and put in a bank they can trust is not being protected by its elitist politician chums down in London
Independence means we go the whole hog its not just for Christmas
Jim Sillars
“This referendum is about power, and when we get a Yes majority, we will use that power for a day of reckoning with BP and the banks.”
Mr Sillars went on to say
“And the furst hing we’re gonnae dae, right, is cut corporation tax. We’re gonnae cut it by 3%. Eh, whit d’ye thing o’ that then eh? 3%. That’ll show them. Ye don’t mess wae us and get awae wi it.”
Mr Sillars was then ushered away by a nurse.
paisley has died
although he reinvented himself at the end
he has alot to answer
everytime he raised the political temperature in the north to points score on the official unionists in 70s, 80s
the uda, red hand defenders, uvf, uff killed hundreds of innocent catholics
in 60s he opposed civil rights for catholcs which got the whole mess rolling
i reckon if scotland votes independent in a few years england will vote themselves out of the e.u.
without the scottish labour mps the tories will rule england for generations
the poor over there are so fucked
i reckon if scotland votes independent in a few years england will vote themselves out of the e.u.
without the scottish labour mps the tories will rule england for generations
the poor over there are so f**ked
NegAnon2
17:45 on 12 September, 2014
I agree, should Yes be successful, that the set up or break up costs for both sides will be a significant investment. Scotland will use the oil to supplement this until paid. I wonder what England will use?
HH
CRC
Joe Filippis Haircut
So another false end to the Rangers saga the number of times it has been reported on CQN that they were near the end that have proved to be false are numerous.Tonight they are away to Raith Rovers and 3 points in this game could see them go top at least until Hearts next game.While we scoff at there plight they are getting nearer to the SPL. H.H.
————–
I think most of us know the score only the blind (and the boring) on here bang on about another death for Sevco.
I tuned out long ago.
CRC
Too late time for pub:)
timbhoy in spain
Someone bought enough to just get them over the line with the share issue, time will tell who but I suspect whoever it was has not Sevcos best interests at heart but to keep the gravy train rolling with their “Onerus contracts”:)))
prestonpans bhoys dam justice for the 5
17:43 on 12 September, 2014
Just posted Test 2 :-)
See how you score?
HH
CRC
EK BOY
Meant to add. If I were Labour or Tory or Liberal I’d be making unity and how to achieve No 1 on my manifesto.
The problem with the Referendum is that a large swathe of the population affected by it have had no say in it.
An election fought on that manifesto would give the choice of unity or separation to all those effected by it.
Watch.
the_huddle. Fella you are wise but others are still writing about there demise mind you they will be back in the SPL and posters will be forecasting there end. H.H.
What happened to the Van Dijk money?
Thindimebhoy see my response to ger57. It is fanciful at best to believe that scots will flock to put their money in scottish banks. Particularly when our economy will be struggling.
Please think through what you are saying here. All our futures are at stake. It’s too important for a revenge or protest vote.