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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neganon2,
I have kept out of the independance debate, but going with the increase in the age that I’m expected to retire increasing, most likely, I will only see a few years of the money I’ve put into my pot.
It’s going back the way, work them till they are of no use, then clean out their funds.
My vote is going to be for my kids, it may be a roll of the dice, better that than not even having the opportunity to role the dice.HH
Many years ago, mid 90s ish, it was round about now on a friday evening in the local pub, there were about 15 of us, enjoying a game or two of darts, having a few pints.
The conversation got around to work, each one of us were working at the time, I was the only one who got their hands dirty at their job.
Point, none at all, just thinking back >}
HH
bamboo
19:06 on 12 September, 2014
‘First we must grab this once-in-a-lifetime opportunity and get free from Westminster.’
####
So if it’s a no vote there won’t be another referendum til when?
Tamrabam 18:20
i wonder just how many cqners who originally planned to vote no will now vote yes (and vice versa) based on the blog debate
—
I think there has been more defections to the yes side its been happening late at night at a bridge in a unknown location
Tomorrow Edinburgh hosts what will probably be the referendum campaign’s largest assembly of NO VOTERS.
Seems odd that at the time of posting, there appears to be no plan for a representative of Better Together to attend and extend fraternal greetings to this gathering of its most avid, the uncharitable might say rabid, supporters.
Maybe one of this forum’s Better Together supporters might explain.
Just asking.
Bada Bing
I don’t pay much attention these days to films and their cast and I have no previous with Matthew McConnaughey but thought he was a major reason for me enjoying the series. A very good actor IMHO. Sadly he had success with Maggie that I can only dream abouit:o)
Bamboo
Loving the optimism !
Don’t worry be happy!
I’ll have some of what you’re drinking -cos it’s powerful stuff!
Hope you don’t wake up on Friday morning with a hangover – thinking
“What the -uck have we done!”
HH
KevJungle is a Celtic fan…not a ‘supporter’.
18:28 on
12 September, 2014
The Rev Ian Paisley
Good riddance ya evil rat-basturt.
No hypocrites in the Jungle
that I was brought up in – CSC
Sad, sad, sad.
Thindimebhoy 19:06
I was being ironic really. Wilson said £30m would get them back to where they were (sic). Absolute fantasy.
TET,
Were you an accountant at rfc in the nineties?
No wonder you live the good life now:)))
GM
Nothing wrong with Aldi, their vino is top quality, can’t say I have ever been in a Wortherspoons and have never shopped in Next, we must be on the same road to ruin then >}
………………………………………………………
NA2
With mucho respect, you honestly are coming over like you are greetin, your wailing won’t make a jot of difference, people will vote what they will vote, neither you nor I nor anyone else will change their minds.
You are going to give yourself a stroke mi amigo >}
Take a chill pill and watch Max, he will tell you the reality of the banksters, then you will see the light, honestly you will.
HH
NegAnon2
I’m not ignoring you.
I have a few things to deal with and I’ll post my reply later if that’s ok.
eddieinkirkmichael
19:03 on
12 September, 2014
That’s me just got a hair cut, you can give me feedback at CQN corner tomorrow. Think you’ll like it Dena btw.
As an aside the barber says his customers about 3-2 in favour of Indy, given his shop is in Helensburgh I would say that’s some statistic.
It’s an Aye from me.
Might be accurate but given the make up of Helenburgh, a mixture of the well heeled, badly deprived and service personnel, I doubt it.
Repost
friesdorfer
19:05 on 12 September, 2014
But the two major Scottish banks failed. England bailed them out.
What Scottish banks? The so-called “Scottish Banks” are (RBS) 80% owned by UK plc and (HBOS) 100% by Lloyd’s – both controlled by the City of London.
Ernie
Maybe I should have said once-in-my-lifetime …….so far.
croppybhoy
Not drinking anything tonight but next week will be a differnt story.
Quonno
You really need to start as you mean to go on old chap
Living in a democracy means tolerating people that you disagree with
As far as I’m aware this is not yet a war -so why would a childlike maxim like -“my enemy’s enemy is my friend apply”?
I would image many on here would be uncomfortable about being on the same side as a Tartan Tory like Salmond, Angus Grossart, AAM EBT guy and many more like that scummy individual from the Scottish Greens
There are plenty of people my age who still think of the SNP as Soon No Pope
HH
Here’s a wee thought for those in Ireland who are suggesting we must vote Yes, because the oo are voting No. If we do become Independent, maybe the oo members and their fellow travellers who mass together in Ibrox might want to join their kith and kin in the North. Maybe not of course.
Neganon
Where did I state that Salmond would abolish the OO?
Where did I state that no voters are supporting the OO?
Your conclusions defy logic!
I’m simply stating that I, personally, would be really uncomfortable being on the same side, albeit for different reasons, as those who detest our very existence.
TET no I haven’t.
Did you look back to the posts concerning regulations etc?
Barbers, like taxi drivers, tell their customers what they want to hear.
Might be something to do with the tips I suppose.
Might also want to avoid any unpleasantness.
And when I suggested as much to my barber he agreed with me, so I must be right.
Tet,
I didn’t know that about aldis wine. I just go there for my lemonade and blueberries;)
Joking aside, I think the companies saying there won’t be any difference should there be a win for the yessers are playing a blinder.
Some Scots can fare hawd a grudge.
No problem ger57.
sipsini
Back in the mid-late 80s I did a bit of work of thems, sold them stuff they sold in their shops, was doing good for a time, got paid every month without fail, then was told that they would only be paying invoices every 3 months, shame, I was fair enjoying taking their cash, and making a very decent wedge to boot.
HH
PF912912
19:23 on 12 September, 2014
‘simply stating that I, personally, would be really uncomfortable being on the same side, albeit for different reasons, as those who detest our very existence.’
###
That description could be applied to a fair number of the people who founded the SNP.
Back again. I can’t, for the life of me, understand any Scots, having suffered political governance for the majority of our lifetime we didn’t vote for, would vote for the status quo. Cannot get my head round that one. What have we got to lose? It’s Yes from me. No replies required, just my opinion. MON THE HOOPS RAMORRA. KTF.
Weefra HH praying to Wee Oscar.
ernie lynch
19:23 on 12 September, 2014
Ha, ha and politicians do it for the votes, the power and the gravy train :-)
Can we trust any one?
HH
CRC
TET as ever trying to have a debate about independence results in my coming across like I am wailing etc etc. I find it very sad we cannot have a straight discussion without it always resorting to this.
I’m not trying to change anyone’s vote. I knew that was pointless a long time ago but some of the bizarre views on issues need to challenged and thought through.
croppybhoy
19:22 on
12 September, 2014
Quonno
I would have thought that with every vote crucial, Better Together would have grasped an opportuniity to highlight the support it was gaining. You know. Create a momentum factor.
Truth is that Darling, Murphy etc. find being associated with OO to be atotal embarrassment.
If they were not politicians they would tell OO and others of its ilk to stuff their votes.
Weefrathetim no replies required? In other words don’t challenge my opinions. We have plenty to lose.
NA2
I did.
The banks won’t be regulated unless it’s on their terms, end of, and their terms mean more of the same, shirly you must realise that.
Proper regulation can happen, not all banks are the same, the ones who are reputable get squeezed out by the banksters.
HH
ernie lynch
19:23
made me laugh that post! very true!
I did say, ” no replies required” just my opinion. That is not up for discussion. :-))
Weefra HH praying to Wee Oscar.
Neg
You can challenge it, but you will never change it. End of. :-))
Weefra HH praying to Wee Oscar.
croppybhoy
19:22 on
12 September, 2014
There are plenty of people my age who still think of the SNP as Soon No Pope
And there lies Darling and Murphy’s greatest problem.
Whilst Scottish Labour was ignoring Cardinal Winning’s warning that it could no longer take the Catholic vote for granted, the SNP was making a fair fist of discarding its perceived anti Catholic image.
Caltontongues again here we go with insults and belittling.
Sipsini do you know what you get after you’ve rolled your dice?
Quonno quite right that no one wants to be associated with the OO. They are voting no for their own warped reasons. Who cares but the continual claim that makes other no supporters just like the OO is another attempt to demean and belittle the argument.
These attitudes and the disdain you all clearly hold for people who have valid and passionate views makes me really worry about the future.
This is the politics of the new Scotland.
Born in ignorance and contempt.
Not an auspicious start.
Parkheadcumsalford
Or maybe the OO will organise a giant march down to Buck house to seek asylum with Williams heir.
lennon’s passion
Guess it may come down to an individuals taste but i loved the series and even at that stage i was hooked.
Maybe you will not particularly enjoy the rest either, but i really would recommend sticking with it.
There are a lot of aspects of the characters personalities being explored and developed as well as their relationships with those around them……a lot of foundations are being laid and webs spun.
You are probably about half a dozen episodes away from being half way through it…..keep going man…….stop now and it is a wasted journey!
I would be amazed if you still felt the same way by the time you perhaps went on to finish it.
For what its worth……i intend to start watching it all from the beginning again but i am trying my best to wait until the long dark nights are here……finding it very hard to resist though!
Pf912912
Here’s what you said
Now, there are countless Celtic-minded, good people who will be voting no in the referendum for their own reasons.
Personally, I would have to ask myself the question, why are the people who are the absolute antithesis of everything I stand for and believe in, voting no?
I accept that there are countless reasons why people will be voting no. However, in the end, it’s the same result. The support of a continuation of an institution that is inherently anti-Catholic.
Just the way the OO like it.
So you equate voting no with the support of a continuation of the OO. These are your words above.