Celtic released accounts today for the year ending 30 June 2012, a season in which they won the league and exited Europe at the Europa League group stage. Turnover was down less than £1m at £51.34m but bank debt rose £2m to £2.77m despite a £7.37m loss (the difference between the increase in bank debt and the trading loss is due to the amortisation of player registrations, which hits the accounts evenly over the period of a player’s contract).
Football and stadium income dropped by £2m and merchandising dropped by £1m while multimedia and other commercial income rose almost £2m. Football and stadium operating costs rose by over £2m. The drop in stadium revenue and corresponding rise in costs are indicative of the wider economic pressures. Inflation is affecting Celtic’s costs and Celtic fans’ ability to spend with the club.
With debt sitting at around 5% of turnover and a significant uplift in income this season assured, the club is in remarkably rude health this far into an economic downturn. Champions League revenue this season should have a transformational effect on how Celtic can forward plan, potentially reversing that £7m loss.
Economic headwinds are likely to supress key ticket and merchandise revenue for the foreseeable future but Champions League revenues seem immune from these challenges. The primary plan for this season must be to qualify for the group stage of Europe’s top competition next season. Get there and we can continue to operate with the existing cost structures (and more) and still pay our taxes!
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The BBC Alba ‘interview’ with Charles Green at half time was so fawning and obsequious that it bordered on the scatological.
Made the result all the more enjoyable.
Well done the Doonhamers and in particular their goal keeping coach, Peter Latchford..
Yon wee yellow ticker on SSN must be broken…………a record crowd for a Challenge Cup game,dearie me Jim White must be scribblin the script on all things Sevco there.
That result could lead to civil war at ibrox, got to, what a dilemna for the currents, how can they sack their one true hero, yet they must know by now he’s plain useless as a manager, great stuff…
Sky Sports report Ramsden Cup record crowd at iPox ……WHIT UR THEY LIKE ……..LOL
……greengo appoints registrar for share issue ……….LOLOLOLOLOL ……… surely the bhuns aren’t THAT silly……??
Stivs
Lol oh how right you are. Never have so many punnies been administered in the one day in the history of education!!!!! :-)
bournesouprecipe ……are you serious???/
Slainte go saol agat,
Bean ar do mhian agat.
Leanbh gach blian agat,
is solas na bhflaitheas tareis antsail seo agat.
May God forgive me.
:¬))))))
dixiebhoy69
22:46 on
18 September, 2012
Dirtymac
Pay our taxes?
HH
+++++
That’s never goin on the broxy bingo card. Remember, it’s about their expectations – nobody really expects that.
Agent mccoist return to base..repeat agent mccoist return to base …
RAMSDENS
“Pawn it. Buy it. Sell it. Cash it.”
“Sounds like a plan to me”
C.Green
Leggo will be well p**h-stained tonight!
HH!!
were is Big Chips, we need some stats on FPLG.
i think he is the most successful manager in their history, they never got to the ramsdens quarters ever before.
some achievement.
pity there wasnt a bigger sell out crowd to witness it.
QOS now awaiting cheque for what , roughly £100k, let see if mel from benidorm pays up.
my sides are seriously sore from laughing.
Worst defeat in Sevco history?
Most sevconians had left with 5 minutes to go thinking they were through 2-1.
Lovely moment back in the hoose when they realise they’re oot…….
hahahahahahahahahahhahahahahaha
Dad, what was the score?
Q.O.S won on penalties.
http://www.youtube.com/watch?v=HttF5HVYtlQ
johann murdoch
22:48 on
18 September, 2012
Agent mccoist return to base..repeat agent mccoist return to base …
+++++
Naw dinnae, yer dain a grand job
Well I guess that puts the Kybosh on the ole huns share issue…
I hope Jim White is alright…
Dirtymac
Sorry I meant dodge, silly me!
Well at last actual penalties are dished out at Ibrox, Charlie Green wont be happy.
As for #dontsackmccoist , it look like he popped into harry Ramsdens before the match for 10 fish suppers
saint stivs
22:45 on 18 September, 2012
Lots of LOL….!!!
What a week this is going to be.Sevco stuffed,Celtic victorious,Hawthorn Hawks reach Aussie Rules final and SAM comes home.HH
SFL rule No. 743
In the event of a penalty shoot-out involving ra Gers,
only ra Gers will be awarded the penalties.
Tonight’s ref should have read the rules………..might have saved his career>)
Hamiltontim thats fine call the landline between 830-1130. After that my mobile, I,m on the 1230 flight to Glasgow be there at 1320. Hail Hail Hebcelt
Phil MacGiollaBhain @Pmacgiollabhain
I’m not up the technicalities of this ,but do Sevco now drop into the group stages of the Tennents Sixes?
ernie lynch
22:46 on
18 September, 2012
Well done the Doonhamers and in particular their goal keeping coach, Peter Latchford..
he did save a few penalties in his time.
Back page story from todays evening times in case any one has missed it.
——————-
“Durrant sets Rangers target of four-trophy haul…starting with Ramsdens Cup”
Published on 18 September 2012
By MATTHEW LINDSAY
IAN DURRANT has demanded Rangers show no quarter in their quest for silverware this season by winning a clean sweep of four trophies – starting with victory in the Ramsdens Cup clash with Queen of the South tonight. Gers kick off a crucial run of four games in 12 days this evening when they take on the Palmerston club at home in a cup quarter-final.
Just cancelled my subscription to the comedy channels. BBC Alba is the best one yet and it’s free!
dixiebhoy69
22:50 on
18 September, 2012
Dirtymac
Sorry I meant dodge, silly me!
+++++
That’s no goin on either; it’s pretty much a given.
Ocht, go on then…
Win every game in Division ThreeSign nine players from Euro 2012Win a domestic Quadruple25 year contractWhit’s Bomber’s number?
Win the League Cup
Knocked out by the team top of the SPL
Win the Scottish Cup
Knocked out by Falkirk. Again.
Canter the third
Win the third
Win the play-offs
Nearly get to the play-offs.
League reconstruction shurely
Dodge wor taxes
Hehehe….
Rangers will be turning in their grave at that result.
Retweeted by Rangers Tax-Case
10:45pm – 18 Sep 12
SSN………………………………………………………….QOS Directors have asked for share of gate receipts before they leave.
Hebcelt
Are you going for a drink when you get to Glasgow and if so what time and where mate?
Fair play to a hun on RM, loyal to the core………………
People telling Mr McCoist to GTF is absolutely disgraceful.
Yes, I’m angry at how shite we are playing. Yes, I’m angry that the players on large wages are not performing.
But is sacking McCoist really the answer? Sack a man who bleeds blue, and sacrificed a lot for this great club.
The guy needs time, i had hoped that the fans would perhaps be a wee bit more patient now we are not in league with our biggest rivals, but I’m obviously mistaken.
Maybe he needs an older head to help him out, someone to sit up stairs who he can go to for advice?
Anyway, point of my post is that Mr McCoist should be given at least 2 seasons before we judge him so harshly.
Don’t sack McCoist, Ally McCoist, I just don’t think you’d understand, Coz if you sack McCoist, Ally McCoist, you’ll stop a lot of laughter in the land…
Repeat till your hearts content or until you pish yourself.
Its raining pies hallelujah …..
If you ask any them about Juninhio tomorrow they will answer “who ?”
Dazed and confused and soon to pay 10m for the priviledge
HH
Dirtymac ..aye right enough…he’s my favourite wee div 3 manager !
Hh
Thread on deadclub media
Who Would You Replace Him With Then?
1. Billy Davis
2. Davie Weir
3.ANYONE .Waaaahhhhhaaaaahhhhaaaaaawwwwaaaaahhhhhaaaaa
bsr
and were given a large blue gate with ‘ball club ltd’ on it!
Green of the South beaten by Queen of the South. Lovely!