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]
304 Comments- Pages:
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Hendrix
…..well maybe you didn’t but you certainly didn’t take the advise that was offered from several directions last week.
Rough with the smooth!
Desertbhoy
Hindsight is a fine thing. Lol
Seriously though, couldn’t be happier. With the exception of tonight.
corkcelt…
Celtic1st I think has commenced his walk…
Rogue Leader,
a great post, thanks. Did anyone else chuckle when they read Sir Alistair de Savoury refer to Sasa Papic as his ‘chief Serbian scout’ recently?
HH!
hendrix67…take the babby with you.. Never too young to start!
Hi Hendrix67, baby sitting while the mighty Tic take on Greenocks finest! Little drummer Bhoy with two future tims at home, will be there. Hang your head in shame.
Desertbhoy
He is too young. Hes not 2 til next month plus I dont want to break his routine at night.
Johann
30 times the St Johnstone support.
JJ
setting free the bears supports Celtic’s best fighter- Wee Oscar Kno
I do not know where you get your arguements from.I have never heard any poster on here say we should spend all our money.Never.Your “Lottery argument does not hold up.To win you must buy a ticket.We tried to win the “Lottery”without buying one.For anyone to say that we did not gamble this years CL qualification,after losing 3 top players,and not replacing them,is ridiculous.
Listen,I could argue till I was blue(God forbid)in the face.Waste of time.Your argument is”Do we want to end up like the hun”.How many times do we have to say”No”.But FFS do not gamble with CL qualification.We have bought Balde,and Pukki.Not cheap,about £4 million.None of them are proven strikers.What happens if the gamble on them fails?.We are back to square one.I would rather we had spent the money on ONE proven striker,maybe £1-2 million more,than hope Pukki does what he really has not done before.When the other transfer money is added next time,I dont think the extra spent on a proven striker would be noticed.And we most certainly would not be going down the hun route.
corkcelt
have you looked at @ByTheMinCeltic …good coverage for the updates by phone.
Turkeybhoy
I can agree to an extent with what you have said but Puki could be a steal if he continues scoring the way he has already. He looks a good striker to me!
LB
I don`t often post and get fewer replies , however would like to ask a question.
I use the SkyGo on the laptop to watch games when away. I will be in Austria for the Ajax away game , will it work overseas? or does anyone know a Celtic bar in Kitsbuhl?
Okay that is two questions, sorry.
Jeez Turkeybhoy
Just read back before you launch into something. A previous poster very definitely suggested that “all available resources” etc. SFTB was only answering that point.
Knock Knock!
Who’s there?
Goliath.
Goliath who?
Goliath down you’re sounding stressed.
Fight-in-an-empty-room CSC
jmccormick
I think you are better with Celtic TV abroad.
LB
Jmccormick
Sky go only works in uk and ireland
Turkeybhoy.
You could argue until you were blue in the nose but the argument would already be over.
Buying one more expensive striker would also be a gamble. And if the player got injured?
Don’t know why there are so many arguments about risk management when hindsight shows the risk management was spot on. You were wrong and that won’t change.
LiviBhoy – God bless wee Oscar
hendrix67
Thanks.
HH
Ernie Lynch @ 14.20
I have been a customer at Celtic Park and have paid for tradesmen to entertain me at that venue for near on half a century and never once has it crossed my mind as to what that mans political religious or sexual persuasion was. As long as he he tried his best for my team it didn’t matter to me. There are folk on here who could tell you the individual religions of each of the Lisbon Lions and are proud of it. As for away from the park I am unlikely to be inviting them round for dinner so as long as their views and actions don’t impinge on the good name of the club vote and have the beliefs that you want.
You may imagine that there is a special relationship between supporters and players but that is long consigned to the past Me and you now are just punters who pays their wages. Most of them would rather have a night in with their playstation rather than associating with supporters at some function or other. On the flip side it’s heartening how most of them don’t forget their socialist roots and love to redistribute their massive weath with those working class icons Armani Prada Rolex and Ferrari
Any way Celtic Park Tim’s have to start heading to Celtic Park
So keep the red flag flying while we are at it comrade
jmccormick
17:01 on 24 September, 2013
I don`t often post and get fewer replies , however would like to ask a question.
I use the SkyGo on the laptop to watch games when away. I will be in Austria for the Ajax away game , will it work overseas? or does anyone know a Celtic bar in Kitsbuhl?
Okay that is two questions, sorry.
……
You have to purchase an IP address which make it think you’re still I’m uk. Not tech savvy but sure I saw a post saying about $20.
Re di Canio and his alleged affiliations.
A man’s personal beliefs are his own. I have no reason to suggest that he must have certain beliefs to play for Celtic.
They are very much his own personal opinion
When he flaunts them publicly,then-and only then-is it right that anyone should comment on them.
Di Canio did this,frequently. So he can reap the whirlwind in that respect.
At CP in prawn sandwich section,wifi working but betting sites blocked?
Bada
Aw naw….
Heading into the lounges in a bit…where are you?
Kikinthenakas
from the BBC….
Celtic chief executive Peter Lawwell says the club are keen to explore safe-standing areas at their Parkhead ground.
The Scottish Premier League relaxed its rules on all-seater stadia in December 2011 to allow clubs to experiment with the modern standing areas which have been introduced in the Bundesliga among other places.
No club has followed through on trying out the likes of rail seats, which can be converted from standing to sitting areas for European games, but Celtic are now close to becoming the first.
know the Bundesliga well…and it works well here … braw
Gentlemen
I have a request. Looking for two seats together for Barca game, I can provide one in exchange, plus cash, for the upper main stand.
My wummin wants to go to her first game As an extra incentive……no…!
If possible BMCUW has my email..
HH
Turkeybhoy
“I do not know where you get your arguements from.I have never heard any poster on here say we should spend all our money.”
I was quoting MadMitch’s own words from a post just a few before my own. It was not my phrase but his.
I wonder what persuaded Zenit to state in, September, that they would bid £8m in January for a player they could have bought for £5m in August?
Sounds like the player’s agent or Heerenveen have planted this story. Their gamble to hold out for a bid of £5m may have backfired and they are setting the jungle drums going for January.
Still, it fooled TSD, though, but, as he thinks Tony Watt’s failures are Neil Lennon’s fault, he may not be the most reliable judge with which to share an opinion.
hendrix67 @16:34
Only 72 hours and the heartache begins…. haha
Hope the family enjoyed themselves, don’t rmbr leaving but shared a hauf with your dad, lovely bloke.
P
kikinthenakas-Magners Lounge mate,betting sites back up now.
Bada
Will be in lounge 2….used to be the defenders lounge! If you are aboot….
Kikinthenakas
My dear,dear,dear,friend..The Singing Detective
Howya Palomine..??
Great tae Greet ..and Meet.
Did Ah ever tellya .. the Time Ah loast a Half a Croon, earlier in the day…somewhere ,right in the Middle of the Street ..in Deanston Drive?
That’s in Shawlands.. ye know..
And.. it wiz in that Particular Drive, where the Crampsey Family Happened tae Live ..at that Time… At Number .. 207, Bottum Flat..Left side, as ye Went in the Close..
a Three Storey Tenement.
The Crampsey Family.. which wuz composed of
Mr and Mrs.Crampsey.. Three Boys.. Bertie, Frank and Philip..and two wee Lassies..
Julie and Kathleen…
And they …Happened tae hiv the front gairden… Which hid a rather. Magnificent..
Hedge,surrounding it.
It wiz oan that Propitious Night, when Bertie and Frank… Found Me. Wandering aboot in the Middle of the Street..
Wit a Torch.. jist Opposite tae where they Lived ..at 207 Deanston Drive ,Shawlands, Glasgow, S.1.
In fact… Losing that Half Dollar, wiz the Gateway Event.. which .. Led .. tae the Introduction of The Crampsey Clan intae Ma Life.
Ah Remember it weel..
It wiz Seven O’cloak,at Night, and it wiz as Dark as The Earl of Hell’s Waistcoat..
Ah .. furget it.. You Dinna want tae Know stuff like This… Really??
Let’s Move oan tae Something Else..
Noo..
If Ah wur King.. Chapter XXX..
In Tonight’s Confrono..
Ah wid Play Ma very best ..”Come Sunday.. Go -Tae- Meeting” Line-Up.
Forster
Lustig Mulgrew
Ambrose Virgil
Matthews, Broonie,Nir, Commons
Pukki, Stokesy
fur..
Ah consider this Line- Up tae be the best that we kin Shuffle Together frum the Pack which we HIv ,jist Noo.at oor Disposal.
And the Mair times that this Group Plays together,the Bettah.
Na..
Ah widnae use this Game.. as a chance tae Play some of oor Fringe Players.
Na.. No Way.
Ah wid tak this game as an opportunity tae Score A Barrowload..
Ah wid Use this Game as a Confidence Builder fur the Whole Team..
Scoring Goals fur Fun, agin, Inferior Opposition , is ..well.. Fun!
It stands tae reason , that Scoring Goals,is Like anything else..
The Mair Times ye Score, the Bettah Ye Get at..well.. Scoring Goals.
And who Could Argue ,that the Scoring Goals,is something that this Present Celtic Team
is Well.. Out of Practice,at Daeing?
Right?
Ah know that Whit Ah am suggesting goes again the Mair Prosaic Thinkers,who Populate this wonderful spot ,in the Blogosphere.
But.. That canny Be Helped..
Ah am only Stating Ma Opinion.. tae which Ah am entitled.
Kojo
Still, Laughin’
Is the game on tv tonight please ?
mickbhoy1888 @17:07
That’s probably one of the most contemptuous posts I’ve read on CQN, all I’ve gotta say on the subject is Lisa Hague – Chris Common’s partner.
Socialists, Thatcher’s children, Catholic, whoever, you chose, who is the pope condemning? Everybody needs to look at themselves and not make generalisations based on simplistic media driven agendas.
http://www.romereports.com/palio/pope-francis-money-is-the-root-of-all-evil-english-11055.html#.UkHCw9I3vRY
The Onlooker
16:36 on 24 September, 2013
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”
*sounds a bit like Mario Balotteli or dare I say it wee Jinky. I thought PDC was brilliant when he played for us and as TB said “he was born to play for Celtic”.
As for his politics wasn’t the captain of the 7-1 team allegedly an orangeman and how many of the Lions were goatshaggers, I know that one became an honorary member of his local ludge after Lisbon as it was mentioned in the Daily Express at the time.
kikinthenakas
17:50 on 24 September, 2013
Mind a take a torch if your in lounge 2
Since the makeover it’s darker than an Amsterdam brothel
The union jack flag which represents England, Scotland, northern Ireland and wales now, may not be the appropriate flag to be displayed following 2014.
the union jack appears to have been adopted in large numbers by a sports group who have the same colours as the flag.
In order to encourage the disappearance of the union jack in Scotland, the flags that should be flown more frequently and in greater abundance would be those associated with a Scottish independence win.
So it appears that to see the union jack less we would have to vote for those flags usually displayed by the tartan army. Could it be that we could/should see saltyres at one end and BAs at the other?
Heading up to Paradise. Would like to see Tom Rogic and Nir Biton in CM, with Anthony Stokes and Teemu Pukki up front. Adam and Derk supplying the ammo from either wing, and lots of goals.
My Dear,Dear,Dear Friend….Kojo
‘Al Fresco’ Confessions….?.
Rather Than The Traditional Closed Booth Type….?
I Used To Squirm At The Notion Of The Former…..
However….Nowadays,I Can See They May Have Some Advantages…..
Back In The Day……
When Ah Used Tae Feel Pressured Into Makin’ A Wee Visit Tae The Booth Doon The Pineapple…..
Ah Generally Found It A Frustrating Experience……
After Ah Hid Finished The Part,Where Ye Say,”It’s Been Six Months Since Ma Last Confession…”
Ah Wid Be Stuck For Words…..
Bein’ Such An Outstandin’ Paragon Of Virtue….
Even From A Tender Age…….
I Would Consider Listing Ma Good Deeds Over The Preceding Six Months…..
But Quickly Dismissed The Idea…..
Speculating That My Admissions Would Not Be Well Received…..
By The Thick Donegal Brogue……..
Behind The Heavy Grill……
So I Would ‘Invent’ A Short List Of Minor Sins And Transgressions….
And Patiently Await Judgement…..
Then, Smarting From The Injustice Of Receiving A Heavy Tariff Of Six ‘Hail Mary’s’ ……And Eight ‘Glory Be’s’……
For My Meagre Collection Of ‘Imaginary Sins’…..
I Would Stand Up To Leave….
Not So Fast,Young Man……
An Invisible Toxic Cloud…..
Of The ‘Paint-Stipper’ Variety…..
Would Trickle Through The Heavy…
And Curiously Sticky…..Metal Grill….
I Would Stagger Out Of The Booth..
Eyes Watering……
With Dead And Dying Moths & Midges
Trailing In My Wake….
Was This An Additional Punishment Levied By The ‘Holy Spirit’……
For My Youthful Impertinence…..?
Should Ah Report Tae The UN Investigators…..
That Ah Had Come Under ‘Chemical Attack?’
So While Ah’m More Open Tae The Notion Of ‘ Al Fresco’ Confessionals Noo-A-Days…
Ah’d Feel Guilty Aboot Wasting The PP’s Time……
When He Is Burdened With Sinners Like Kilbowie Kelt ….
Keeping Him Up Intae The Wee Sma’ Hoors…
And Making His Horlicks’ Grow Cold..
Pinkety..?
FFS!
Blue Tie Mackay – “Kilmarnock fans fury as they are asked to pay more than Celtic fans for a game at Rugby Park”
Talk about negative spin!
Socialists, Thatcher’s children, Catholic, whoever, you chose, who is the pope condemning? Everybody needs to look at themselves and not make generalisations based on simplistic media driven agendas.
http://www.romereports.com/palio/pope-francis-money-is-the-root-of-all-evil-english-11055.html#.UkHCw9I3vRY
Maybe the pope should give away the Vatican’s money first if he wishes to lecture us.