Commenting on following on from his predecessor Dr John Reid, chairman Ian Bankier, told a Celtic AGM he was not a man to deliver an insightful one-liner but Celtic’s Preliminary Results, released yesterday, are best summarised by the chairman delivering exactly, that, “This year demonstrated above all, the impact that football success brings to Celtic plc in its current shape”.
In short, there is no success, debt reduction, profit increasing, stadium improvement, squad development, retail or PR, without football success, those who suggest otherwise are overlooking the obvious.
These are wonderful financial results, delivered against an uncertain landscape when some, who should have known better, were delivering all kinds of alternative predictions for Celtic’s future, but there are cautionary tales within.
Any single event (in this case Champions League qualification) which can increase turnover by 47.7% is to be welcomed, but this is sport, where qualification cannot be guaranteed, no matter how many resources you commit to getting there. We don’t have to look far to find the unedifying consequences of clubs who bet the tax money on getting to the Promised Land. The challenge for Celtic is to fortify football operations every season without gambling recklessly.
In the year to 30 June 2012, when more season tickets were sold and we reached the Europa League group stage, turnover was £51.34m. This is by no means a worst-case-scenario going forward, but it is a good budget starting point. With operating expenses, including significant bonus and Champions League costs, coming in at £62.71m last season, our potential loss from failure to reach the Champions League is of the same order as our actual profit last year. Any individual bad season would not wreck plans.
Like-for-like merchandising sales were up 29% on the previous year. Celtic put this down to three elements: Champions League participation, improved retail performance, in particular at Glasgow Airport, and 125th Anniversary products.
It is likely that recent changes in the UK sports retail market has had a greater impact in Glasgow than any other UK city. Sports Direct consumed JJB during the period and are now the overwhelmingly dominant sports retailer in the UK. The firm’s owner is also one of the largest shareholders in a new Glasgow football team, who’s merchandising Sports Direct now operate. I’m delighted Sports Direct own other local football brands but Mr Ashley will have discovered that you can’t ride two horses in this town.
In 2011 and 2012, with significant changes in Scottish football up for grabs, we debated the potential impact on our club. Looking back on subsequent events it is clear to see that the arms race we were embroiled in for around a century was not good for Celtic, not good for any other Scottish club and not good for Scotland as a whole. Football today is like a breath of fresh air compared to the way things used to be.
Read ‘em and weep, Armageddon-merchants.
1254125 at The Great Scottish Run.
On Sunday 6 October there is a 10k and Half Marathon. If that is beyond you. There are family events taking place the day before. This is your club, remind the world of what really counts and get involved in 1254125.
The first thing you need to do is sign up for the Great Scottish Run, or here for one of the family events.
Once you’ve done that, you can register for the 1254125 campaign here.
Then you can create a donations page here. Click Start Fundraising, search for Celtic Charity, setup your My Donate account).
Email me and let me know if you are having trouble signing up or need any more help, celticquicknews@gmail.com.
To read the new issue of CQN Magazine click here (don’t try to read the graphic below).
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‘Hitler… there was a painter! He could paint an entire apartment in ONE afternoon! TWO coats! ‘
DBBIA/FritzLiebkindCSC
This one has to be right up there…” Not only has he shown Junior Lewis the red card, but he has sent him off ” …..Chris Kamara…..god help us.
It’s a swindle
tonydonnelly67…. No point in us buying the book then. Watch out nobody grasses you to the copyright polis.
” Roy Evans bleeds red blood ” ….Alan Mullery …… Short of stating the obvious , hehehe
Fence sitting…….” This game could go either way, or it could end up a draw ” ….Peter Lorimer, hahaha
Dontbrattbakkinanger
12:24 on
24 September, 2013
Chairbhoy/SFTB- my suspicion is that the training regime Shaun now has suits him better than the regime at Celtic, they may focus on different things.
__
Sure I heard or read an interview with Shaun where he is now less obsessesed with fitness. Akin to being a tightly sprung high precision device at Celtic which was very sensitive to upsets, now less obsessive but still fit, and more relaxed too.
HH
During one World Cup game, commentator said ” Nigeria playing with a fat black four” oops!
Desert Bhoy
Honestly there are thousands, these are the short ones I like, but your prob. Right, I should stop, they are funny but ;)
greenmaestro
……..and playing in the second division.
winning captains
12:52 on
24 September, 2013
Penny is dropping on FF..
…their ‘model’ is better than ours: less boom and bust, better scouting, far more income from player sales, and less ‘periods of catastrophe’.
__
Only one period of catastrophe though, which ended in Liquidation. So not so much periodS of boom and bust. Just one Boom which saw them go Bust.
Still, Penny sounds nice.
tonydonnelly67
Loving the quotes, can you please remind me what book this is?
tonydonnelly67…. No, keep going….
Re di Canio….
Will never forget the goal he scored at Pittodrie when wearing his famous golden boots.
A magnificent footballer regardless of any personal baggage.
“MacLeod shoots! It’s all along the ground and it’s headed away by McLeish”
Richard “Ibrox” Park.
Prelim Brady
It’s called ” the wit and wisdom of football ” , compiled by Guy Lloyd, it’s really a fun read.
Modren tightly sprung high precision device which was very sensitive to upsets is rubbish
Falkirhbhoy
Maybe it’s age but I remember quite a few games under MON where we totally overran the opposition in the last 10-15 minutes.. I also remember a few when the game was won within 30 mins and the players coasted for the rest of the match..
bankiebhoy1
13:34 on 24 September, 2013
The huns ‘books’ are being held in an incubator till the guys that fix the time machine
are paid………………
Tea-spluttering moment there!
Brilliant.
HH
Paulo Dicano the player *disinterested in political criticisms of him whatever they are * was a mercenary who came over to help himself mainly, and probably a bigger hindrance than help to Celtic and Tommy Burns and the cause, in the end. Don’t think he was that good, my abiding memory was his futile attempts to dribble past the entire Falkirk side, at Ibrox in a Cup defeat.
One of those thousands of Serie A legends ( No International Caps ) that suddenly quits Italy because he’s always wanted to play for Celtic, and not because he was getting more money, almost immediatley caused mayhem bleating to MSM about ‘his little problem’ and was a major factor in the disgraceful attempts to turn the tide of Celtic support against Fergus McCann, who was painted as the villain, and the gullible in those days believed it.
Not a happy clapping Celtic signing.
Davie Hay still has a fresh pair of legs up his sleeve.
I’m heading out for a pint now anyway, but this is a cracker ” Manchester United have hit the ground running, albeit with a three- nil defeat.” …..who else yup you got it…Bob Wilson, HAHAHAHA.
“Not many people know this, but the fuhrer was descended from a long line of English queens.”
Franz Liebkind
Later guys ;) HAIL HAIL
Can we branch off into other sports?
On the back straight the Kenyan just opened his legs and showed his class.
BK
Was that not Huantorino of Cuba, I think.
I remember when i worked for the Evening Citizen, the Green Edition, saturday sports, described Kenny Dalglish rounding the goalkeeper and shitting strongly against the bar.
Aye, but did he score as well?
Yes, Huantorino of Cuba, the Kenyan.
I knew who you meant.
Falkirkbhoy says Never Give Up Oscar
12:46 on 24 September, 2013
Great offer being given to SB holders by Kilmarnock. Clubs working together. This is Armageddon!
————————————————-
How nice that Kilmarnock will charge £20 for the Moffat stand and £10 for under 12’s.
Usual price for this stand £17 & £5, unless Celtic come to town.
To be fair they charge their own fans the same £26 although there kids pay £5.
I suppose any discount could be seen as a bonus, on the other hand an Aberdeen supporter with 2 under 12’s would pay £32 ( £22 + 2 x £5 ) a Celtic supporter using this fantastic offer will stay pay £40 (£20 + 2 x £10).
According to our clubs website, they appear to be endorsing this fantastic saving!!
Colemanballs!
T4
mickbhoy1888
13:30 on
24 September, 2013
‘Does anyone check the political associations and persona of every workman before he allows him to enter his house’
#####
You equate a fan’s relationship with a player to that of a customer with a tradesman?
This pin used to hold a pearl the size of your eye. Look at me now, LOOK AT ME NOW! I’m wearing a cardboard belt!
DBBIA/MaxBialystockCSC
I used to think that BFDJ was a clever bloke as he featured regularily in Private Eye magazine.
Dontbrattbakkinanger
14:21 on
24 September, 2013
Something’s got to be done. We can’t go on like this. I’m a trained actor reduced to the status of a bum. I mean look at us!
philbhoy – bring it on!!!!
14:17 on 24 September, 2013
I remember when i worked for the Evening Citizen, the Green Edition, saturday sports, described Kenny Dalglish rounding the goalkeeper and shitting strongly against the bar.
Aye, but did he score as well?
“…”……….
Should have been easy to spot if it was over the line then.
Boycott Kilmarnock!
They are just huns dressed up.
Naw they are no even dressed up as huns.
THEY ARE HUNS!!!!!!
ANd blatant with it!
tigertim
14:19 on 24 September, 2013
Falkirkbhoy says Never Give Up Oscar
12:46 on 24 September, 2013
Great offer being given to SB holders by Kilmarnock. Clubs working together. This is Armageddon!
————————————————-
How nice that Kilmarnock will charge £20 for the Moffat stand and £10 for under 12′s.
Usual price for this stand £17 & £5, unless Celtic come to town.
To be fair they charge their own fans the same £26 although there kids pay £5.
I suppose any discount could be seen as a bonus, on the other hand an Aberdeen supporter with 2 under 12′s would pay £32 ( £22 + 2 x £5 ) a Celtic supporter using this fantastic offer will stay pay £40 (£20 + 2 x £10).
According to our clubs website, they appear to be endorsing this fantastic saving!!
……..
With that arithmetic all acumen you must be doing the Hun books!!