I watched Leipzig lose 3-0 to Borussia Monchengladbach on Saturday evening. It was not the reassuringly bad performance by our Champions League opponents the score line suggests. Leipzig showed plenty of effort throughout, even when the outcome was beyond doubt.
They were frustrating in attack and porous in defence; a bit like Celtic the following day, but in the Bundesliga, punishment is more acute than anything we are likely to see in Paisley. Leipzig are a team lesser than its constituent parts. In time, that will change. Celtic’s concern with this issue will be over three weeks today, when the second of our doubleheader against them takes place.
We return to action at home to Motherwell, four days before our game in Germany. Another chance for Ange Postecoglou to rotate the squad? That’s significantly less likely now than pre-Paisley. At the same time, Leipzig are home to bottom of the gable, Bochum, who have one point from seven outings. They could not have handpicked an easier warmup for our meeting.
What is less reassuring for Marco Rose, who took over as Leizig manager two weeks ago, is that like Celtic, the bulk of his squad departed for international duty since the weekend. He will not get an opportunity to work with them as a group until a couple of days before the Bochum game. Even that game is unlikely to provide a useful test of progress.
Whatever ails Leipzig, Rose will cure their vulnerable soon. Celtic have to exploit a team in flux and find two performances in the next three weeks that can define their season.
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Happy Birthday Henrik Larsson !
AT
You’re so far off the mark but it’s your opinion , others can judge from my posts
“ Forever in your debt “
Graeme Souness
Announcement of Results for the year ended 30 June 2022.
SUMMARY OF THE RESULTS
Key Operational Items
Winner of the SPFL cinch Premiership and qualification for UEFA Champions League group stages in season 2022/23
Winner of the Premier Sports Cup for season 2021/22
Qualification for the group stages of the UEFA Europa League for season 2021/22
31 home matches played at Celtic Park (2021: 28 games)
Key Financial Items
Group revenue increased by 45.2% to £88.2m (2021: £60.8m)
Operating expenses including labour increased by 23.4% to £91.7m (2021: £74.4m)
Gain on sale of player registrations of £29.0m (2021: £9.4m)
Acquisition of player registrations of £38.4m (2021: £13.5m)
Profit before taxation of £6.1m (2021: Loss of £11.5m)
Year-end cash net of bank borrowings of £30.2m (2021: £16.6m)
CHAIRMAN’S STATEMENT
These results for the year ended 30 June 2022 show that revenue increased to £88.2m (2021: £60.8m) with a corresponding profit before tax of £6.1m (2021: £11.5 loss before tax). The key driver of the revenue growth was the restoration of a more normalised trading environment as we emerged from Covid-19 and were able to operate at full stadium capacity for all but five matches at the beginning of the season, where crowd restrictions remained. This, along with record gains from player trading in the year, £29.0m (2021: £9.4m), ensured the delivery of the reported profit. The contribution of player trading gains, especially in Europa League years, ensures that we maintain a healthy and sustainable financial future. In terms of funding and liquidity, our year end cash, net of bank borrowings, was £30.2m (2021: £16.6m). The increase this year was principally due to the timing of season ticket sales taking place later in the summer of 2021.
The Covid-19 surge over December 2021 to February 2022 was mitigated by the SPFL’s initiative to bring forward the winter break to minimise disruption and protect vital match day ticket income for Scottish football as a whole. As a result, our supporters were able to attend two more matches and we did not suffer any revenue attrition from closed door matches. Consequently, the second half financial performance and the reduction in earnings in this period can be attributed to trading seasonality and the timing of player trading gains that were weighted towards the first half of the financial year.
As reported in my interim statement, we acquired several excellent additions to our player squad over the January transfer window. We thus entered the second half of the financial year 6 points off the top of the Premiership leader board, but with some confidence that we had the Manager and the squad to deliver our key objective of regaining the SPFL cinch Premiership title. We were delighted to win the title in May 2022 to add to the Premier Sports Cup won in December 2021.
An extremely welcome added bonus has been that the winner of the SPFL Premiership gained automatic qualification for the 2022/23 UEFA Champions League. This is the first time the champions of Scotland have achieved this in 12 years, due to an increase in Scotland’s UEFA coefficient. Our Champions League draw has provided us with a suite of exciting ties involving Real Madrid, Shakhtar Donetsk and RB Leipzig.
The benefit of automatic qualification has delivered certainty over the season ahead, allowing us to back our Manager and build greater strength into the playing squad. Having signed Jota, Cameron Carter-Vickers, Alexandro Bernabei and Benjamin Siegrist in June 2022, we report a total investment in the player registrations of £38.4m for the financial year. Post year end, we completed the permanent signings of Sead Haksabanovic and Aaron Mooy alongside the temporary transfers of Moritz Jenz and Oliver Abildgaard. We continue to balance the benefits of investing in experienced players alongside younger talent with a view to developing all players’ performances on the pitch and trading when conditions are right. The successful execution of this model is a challenge but is vitally important for clubs such as Celtic.
Our women’s team also went on to add to the SWPL Cup win in December 2021 by winning the Women’s Scottish Cup in May 2022. This cup double represents a remarkable achievement in such a short time and I congratulate Fran Alonso and his team and reaffirm our commitment to the women’s game in Scotland.
The biggest influence on the financial and sporting fortunes of the Club is our ability to participate in European competition. As covered by Michael Nicholson in his report, the Champions League format will change in 2024. This will provide further opportunities and enhanced media rights. Our task is to be prepared to maximise the opportunities that will evolve by remaining financially strong and stable, whilst investing intelligently in the player squad, the football department and the sporting infrastructure and facilities.
We have every confidence in our business model that over the period of my office has demonstrated its robustness, especially in challenging times. In closing, I thank all of my colleagues at Celtic, whose enormous efforts have delivered this pleasing year of transition. I also pay tribute to our remarkable support, who have backed the Manager and the team every step of the way.
Ian P Bankier, Chairman
September 20, 2022
Rangers Tax Case posts a good thread on Souness
https://twitter.com/rangerstaxcase/status/1572244802850410496?t=duusrEu0lC9rlVN5SnomUA&s=19
HH
now the annual results are out, watch for MMs forensic accountancy,
Ian P Bankier, Chairman……………… thanks for that Ian “ don’t let the door hit your ar@e on the way out “
I am going to miss Bankier, …………….
Saint stivs
What did you throw at him😉
Yes , but how will we know Bankier’s no longer there?
BertrandRussellCSC
New Article……………. or more on this later
North Curve Celtic
@NCCeltic
·
4h
Green Brigade annual foodbank collection
05/11/22, v Dundee Utd
lets go see how much Michael gets compared to old Pedro
You have to hand it to IB — a boot up the erse does get results.
Queenie must have delayed their publication.
Wonder if a growth agenda is on the board’s radar?
£38.4 million net spend ………… eat your heart out Peter
* player spend *
Didn’t know the financial whizz was still about ☝️
Incoming- Financial Results as Told by Idiots…….
So we’re supposed to have a waiting list of 14 thousand Celtic Supporters wanting a season ticket ,Well Celtic Football Club do something about it ,get rid off restricted views ,also add another tier on the Main Stand Simple’s as .
Mentioning having an input in the new FFP rules !. Ffs…mention the FWA and why you were gutless as a board ?.
Forevervguilty.
End of.
Boy Joe
Keepers First Kennedy and last big Packie ?
Last debut MIchael. Conroy?
BSR @ 6.48
£38.4mill player spend = Not what it seems.
2.75 transfer windows — so not the real 2021/22 picture.
It is the old 2007 SB trick all over again — feeling flush buy early.
Hopefully we get the real picture regarding player spend in 2022/23.
£20mill looks like the real number — hopefully we can go again in Jan.
£7mill off the book value of players — PL’s last hurrah.
At least he managed to keep his pet agents happy to the end.
GGH @ 7.24
GK / first = Faither / RS.
GK / last = Big / PB.
Thought Jimmy McGrory signed Ronnie Simpson and big Jock sold him to us from Hibs?
If not a keeper, I’d punt at Joe McBride.
MM
Fag packet I know, but let’s say we’re very well off , and it doesn’t include CL money still to come.
We’re clearly moving into a different era and if we continue to buy well in the Ange era with a substantial budget, two places and automatic CL qualification, will see Celtic up there with the best.
Bhoyjoe
Keepers. Kennedy and Bonner
Las debut : BC ? Brian Coyne – might have come on v Hibs in the Pat Stanton testimonial. But in a competitive game I think it was Mike Conroy although I know Peter Mackie played his first league game at Love St on the last league game of 77/8 but I think he might have played as a sub in the league cup.
Jimbo
BSr @ 7.38
Pretty close to my thoughts as well.
AP knows what a growth agenda looks like.
More power to his elbow.
2022/23 target = £120mill plus T/O.
Big piece missing is the football budget / 1st team squad wages budget.
Might come out when the full accounts are published.
Probably looking at £50mill all in. / £50mill plus SPL bonus?
We’re smashing past £100 million revenue next season.
To have £30 million in cash after signing CCV & Jota is a daunting realisation for our domestic challengers.
Announcement of Results for the year ended 30 June 2022.
– Ian P Bankier, Chairman September 20, 2022
Announcement of Results for the year ended 30 June 2021,
– Ian P Bankier, Chairman 20 September 2021
if the guy starts making stupid uninformed unqualified comments about the financial results and you engage him, its your own fault when the answers he gives are not accurate.
the results are not late, hidden. manipulated, massaged, creative or indeed laid off at the bookies on the saint mirren result.
this is when his idiocy comes into a near class of its own.
engage at your own peril.
Big piece missing, ffs lol.
dont you know how it works ?
Announcement first, full results published next.
.
Stx2 @ Boeing o’clock
Surely you are not spawn of St Als?
You wear your civils / property inferiority complex right out front.
Pride of place — chip on the shoulder and sleeve.
Not good.
Fanad: there were no ‘official’ fireworks for the queen in Dublin. People may have set some off in a private capacity but more likely that it was pre-Hallowe’en stuff. Not uncommon this time of year.
RTÉ’s coverage totally unnecessary but typical of the station since Chuck & Di’s wedding.
An dun
In the madness which is the EPL £100m sky money for abject failure.
The reality –
Income £88m past year, Forecast £120m-£130m this year.
Profitability in Operations this year coming without player trading.
Similar, for the next 2 seasons with direct entry to europe cl.
Half the size of Wolves, West Ham, Everton, Leicester.
We wont make a dent in anything we will be at the top table eating crumbs still, just more regularly.
https://www.consultancy.uk/illustrations/news/detail/2022-03-21-193644788-Top-30-football-clubs-with-highest-income.jpg
why would a guy calling himself Saint Stivs and known to come from Port Glasgow have been a product of Saint Als ?
Saint Stivs
Your dad’s chauffeur drive you to St Al’s every day of course
just incase anyone is wondering and this is just a suspicion on my part ……..
I dont think Phil MacGhillobains “rugger guy” forensic accounts investigator and highly qualified person is the same as the “egg chaser” guy that lives in Kiltoon and never goes to the game.
not justified, probably ancient and he drives an ice-cream van.
klf csc