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).
[calameo code=000390171853d2bfc4f69 lang=en page=4 hidelinks=1 width=100% height=500]
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Philbhoy- ambulatory BP monitoring is the way forward, gets rid of ole ‘white coat effect’.
Especially if sawbones looks like this
Morton have sold 2000 tickets for tonight’s game as of lunchtime today. Still on sale in Greenock.
AndyRitchie CSC
Dbbia
Now that did’nt do by bp any good at all!
You should know better!
8-)
Re summer football.
As our team mainly consists of internationals isnt there the possibility that half our squad could disappear for a month every 2 years.
Or should we only recruit from countries that will never make it to a World Cup or European championship.
This might not affect other teams in Scotland too much but it will definitely put us at a disadvantage.
A return to Celtic Park tonight for Mark McNally, Morton assistant manager.
Let’s hope he has nothing to shout about during the game!!
Agent Green
15:33 on
24 September, 2013
Morton have sold 2000 tickets for tonight’s game as of lunchtime today. Still on sale in Greenock.
AndyRitchie
—————-
10 times more than SPL big wigs St Johnstone then!
bournesouprecipe
13:06 on
24 September, 2013
I was at that game in 1967 at Hampden.
Back in the day when Morton had a team and a player called Preben Arentoft who went on to help Newcastle win the ole Inter Cities Fairs Cup.
Fine midfielder.
——————————————–
Preben got married to a fine looking girl who’s family lived across the back from my Granny in Auchendores up the Port.
Back in early 80’s , Preben would bring the family every summer, and could be seen training every morning in the back garden with a regime that would have most people collapsing.
Very impressive man, very nice person.
His Kid, Preben junior, was years younger than most of us on the street, but what a player, great skills, dare I say it, and a few years before we knew it, a typical Laudrup type style of a player.
Prebens uncle , one T.Campbell esq, goes to Denmark most years, and told me the boy fondly remembers his holidays at his Maltese Grannies and Scottish Grandas home in the Port.
traditionalist88
15:31 on 24 September, 2013
desertbhoy
Glad you enjoyed:) I too often think of family/friends who had to put up with them and their ways for their entire lives. Mind you, they had Lisbon so we were due something;) And we may yet have Lisbon too…
HH
……………………………………………………
…oh i’ve had my fair share of the good times also but wouldn’t say no to another Lisbon.
Onwards an upwards
traditionalist88
15:06 on 24 September, 2013
Lovely stuff!
Where were those ‘titbits’ taken from m8?
HH
Blantyrekev/Rogue Leader
excellent contributions
thanks
archdeaconsbench, rangers rumours website, thread with 48 replies.
HH
Clink\o/
15:36 on
24 September, 2013
When international tournaments are on every 2nd summer the league would take a break during the competitions, like they do in Scandanavian countries. In addition we wouldn’t lose African players every 2nd year in January in the middle of the season
Blantyre Kev. Good for you getting the tickets from cold guiness, but in your haste you forgot to welcome him to CQN.
I will correct your error
So…..Cold Guiness Are you a “cream Bun”? just coming on here trying to entice the Faithful with non-ewxistent CL packages
Saint S @ 15.40
Nice update
Great effort from Morton selling 2,000 tickets.
traditionalist88
Cheers! HH
Why is not Kilmarnock fury at price of Kilmarnock tickets?
WDH:
Text you on numbers given to me by BT. If your around email me at lennybhoycfc@gmail.com
Keep the Faith!
Hail Hail!
Interesting comments by PL about NFL
Where will NFL go?……..not Sunderland anyway LOL…..you gotta love the tabloids though :)
Neil can be with us as long as Willie Maley if he wants to be……..
Its up to CFC to set the challenges for him……..
We may operate in pokey league but we are a monster of a club……..I think he will stay for quite a while yet.
Its all good in our world……..:)
Could it be that Mr. Lawwell has been adhering to the exact same advice my dearest mammie drummed into me from an early age:
1- Work harder than your completion.
2- Save your money.
3- Igone the opinions of others. Only you know what’s best for you.
4- Protect and care for those less fortunate than you.
It’s quite simple really.
And yes, she was educated in a convent.
Onwards and upwards.
Di Canio was a class football player but I wouldn’t want him as manager. It’s nothing to do with his politics but, imo, he isn’t the full shilling (as we used to say in gentler times).
*Ignore
Goodness, the Bhoy doesn’t want to go tonight ! Beer for me then…….every cloud…….
Apols for the grammar gymnastics. Portable device-predictive text fatigue.
Paul 67
While the accounts are good news, and Im sure PL and the rest of the board are happy with the results, I cannot get my head round their collective attitude to what has gone on with oldco/newco, the whole scenario of their scheming which was exposed at a first tier tax tribunal the Nimmo Smith enqury with Celtic FC being the victim of their cheating leaves me feeling sick , this does not ease with us playing in the CL and being in a very good place at present.I support canamalar’s attempts to get answers here but Im sure the board of Celtic plc as a collective unit want this to go away, at the present time I cant feel part of the club and not sure I ever will in the future due to this inaction from the board.
I’m all for summer football. In fact, because we would have weekends to ourselves (no EPL), SKY and BT might increase what the monies they give to Scottish Football.
Just when I thought about going to the game tonight the missus informs me she’s meeting her pal for dinner so im having to stay in with baby hendrix.
Who said married life is bliss?
I always thought DiCanio was a completely frustrating player because he often dribbled into dead ends , rarely passed the ball and never looked up.
Not a team player.
‘Ball greedy’ we would have called him in the playground
Fabio Capello often used him as a sub and threw him on as a last resort calling him a ‘secret weapon’
” I don’t know what he will do so what chance have the opposition have”
When we showed interest in signing him from AC Milan Berlusconi sent his private jet to bring him back from their pre season tour in China
( that’s how desperate they were to get rid)
So although he had a lot of talent I do not think he was a talent.
However I know from many arguments with fellow Tims that I am in a very small minority
” It is dangerous to be right on matters which the established authorities are wrong” Voltaire
The Onlooker
H67- you just got married…that was quick..:)
Regarding new signings I have been very impressed with V V D, quality player who I believe will fill the void left by Paul Elliot all those years ago!! Derk (so far) looks no better than Steve Guppy, on Saturday he didn’t beat his man once ( and shat it with the header he should have buried!!) jury certainly out!! Pukki decent enough finisher by the looks off him however looks to prefer to play a bit deeper, looking promising enough though!! Fingers crossed lads!!
Buenos Dias….My Dear Friend,Kojo….
Legend Of The Vegas Strip….
Last Surviving Member Of The Rat Pack..
The Man Who Once Kicked Sand In Arnold Schwarzenegger’s Face…..
For Dissin’ Bob Crampsey & The Hedge Gang….
Ah See That Alfie F. Continues To Show Prolific Form In The Dutch League….
Attracting Suitors From All The Major European Leagues…..
With Zenit St Ernie Lynch Poised To Make A £10.5M Bid For Him…..
In The January Transfer Window…..
What An Opportunity We Lost There…!
Instead, Gambling Recklessly In The EL Qualifying Rounds…..
Having Sold The Spine Of The Team…..
And Lacking A Recognised Striker……
How Do We Come To Recruit These Mediocre ,Barely Articulate,Journeymen Nonentities,From The Drinks Industry…..?
Bit Like The Leading Politicians We Have Now…..
Clowns Who Have Never Done An Honest Day’s Work In Their Lives…..
And Have No Relevant Experience……
For The Positions They Presently Occupy…..
Bankier….YOU ARE A DISGRACE !
At Least ‘Dr’ John Reid Had A Phd Thesis On The Adverse Effects Of Freemasonry…..
On The Rural Economy Of Upper Bongo-Bongoland….
In The Sixteenth Century..
As ‘The Battered Bunnet’ Never Tires Of Telling Us All……
We Must SPECULATE….To ACCUMULATE..
(ThumbsUp?)
~~~~~~
Confession…..Confessions ??
Some Godless ‘Folk’ Have No Need For Any ‘Confession’…..
In Fact….They Don’t Even Have Any Need Of Sleep……
Take Ena Sharples…..He Just Hangs Upside Down From The Wardrobe Rail…..
With His Hairy Prehensile Toes…..
His Organs Of Poison Production Working Overtime In The Wee Small Hours….
Replenishing The Exhausted Supplies…
For The New Day….
Right..? Right..!
Viva Cristo Rey….
Viva Tony Abbott….
Viva The New Right Wing Government Of Norway….
hendrix67
16:34 on 24 September, 2013
Just when I thought about going to the game tonight the missus informs me she’s meeting her pal for dinner so im having to stay in with baby hendrix.
Who said married life is bliss?
………
You did.
Bada bing
Not really, been together long enough. I’ve only got myself to blame.
Why are the fans of the accounting exercise putting the only show in town under scrutiny?and what is their interest,?
I suspect…. as every key hurts the back of their boards…. and they gnashingly gok at thier screens in anger…. they wish….just wish they subjected the failed son of a tax avoider to even the lightest of questioning
They did not
IT HAPPENED
CVA DAY
hahahahahahaha
It happened
Anyone heading to the Celtic Festival in Bundoran this weekend?
My old man still has seats on his coach if anyone interested.
LB
Desertbhoy
I beg to differ sir.
Not long till off to the game, any thoughts on the team , with Morton struggling in their division should we go for 11 changes and give the fringe guys who have not played much plus the best u20s a run out resting the 1st team for Killie then Barca. Could risk loosing but i would be happy to see the young-ins get a chance in a competitive game.
Bada Bing, You beat me to the punch. Tonight is one of the very few occasions when I will be almost totally out of the loop whilst a Celtic game is on. It will be a case of trying to peep at my smartphone periodically whilst dropping a spoon under the dining table. I’m totally reliant on CQN for updates. Hope Celtic First is online he is brilliant at keeping things going particularly when the blog isn’t busy.