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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Tonight’s new post on FF………………….
Misery is a communicable disease!
TET – you are very naughty!
Dirtymac
Paint the stadium?
HH!
am away out for a wee dance on my invisible horse,
i think the literal translation is
“oot the cup, govan style, oot the cup govan style”
http://www.youtube.com/watch?v=9bZkp7q19f0
Wee Sally is certainly on his way to becoming a sevco legned…
So, McCoists abject failure in Europe last season caused them to go into administration too soon for Craigie’s plan to work, and subsequently to being liquidated.
Is McCoist now going to cause the premature death of SEVCO this season due to his incredible pishness?
Surely the greatest ever ranger.
The exile Tim
“maybe he needs a older head to help him out”you have to laugh,he is 50 years old.If you hear anything else let us know.HH
Just cracked open a bottle of Chardonnay viognier – lovely! And goes perfectly with walkers cheese, n,onion
I suspect that it will be a sevco free zone tomorrow at work :=)
Lawell hit back at Huns paranoia, back page of tomorrow’s Scotsman. Not online yet, scan of the back page on the huddleboard.
dixiebhoy69
22:57 on
18 September, 2012
Dirtymac
Paint the stadium?
HH!
+++++
Saw that too. Reminded me of the old delapidated 80s grounds.
Serendipity has a marvellous quality.
Lost the toss this evening – you know the one…
… Real v Man City or The Great British Bake Off.
Caught the second half of the game, and all the goals. Benzema’s was a peach. Great striking. No harm to the City fans, but I find the way their club is financed somewhat unpalatable. Felt a little sympathy for Kompany at the winner. He’d played terrifically well, but made an error of judgement. That said, I did whoop the winner.
Then happened across BBC Alba. Opposite ends of the football spectrum and yet compelling commentary.
Ally McCoist has some questions to answer from those who claim his team are the same club as Rangers.
For instance: Where does this result rank in the annals?
It’s a difficult one. Berwick Rangers were a 2nd tier club at the time of their famous Cup victory over the then Rangers of the top tier. Queen of the South though are a 3rd tier team, while of course Ally’s club are a 4th tier team. How do you figure it all out?
Beats me. I’m away for a shave to see if my luck holds for another half an hour.
How can a dead football club keep giving so much joy? Discuss.
We’ve had some really low times since I’ve been going to games but my God how much must you be hurting if you’re one of them right now?
Lol!!!!!!!!!!!!!!!!!!!!!!!!!! Roon ye fat boab..:-)
Off to my bed knowing that sevco are out of the only cup they had any chance of winning…copyright CM67.
Finish tomorrow until Tuesday…it could be a messy night.
Until we meet again…
Keep the Faith!
Hail Hail!
SSN………………………………….TFPLG confident he can turn it round in the second leg
Exiting the Ramsdens cup against QoS is like having a new manager.
Mark Mywords
seriously did ssn say Ramsdens may go bust without sevco……..if thats the case they should be reinstated immediately.. lol… wtf….
McCoist demands to know why Queens got 5 penalties
On a more positive note for TFPLG, that is the longest he has managed to stay in a cup competition!
HH
They ll be boycotting fish n chips from HARRY Ramsdens down Govan way..
Do they drop into tennents sixes?
Nice one from Phil Mac GiollaBhain
Paradise tomorrow..
Thank you god!
Sincerely hope bummer brown makes an explosive appearance some time soon, that woud be pure comedy gold, c’mon bummer, you know you want to…
hamiltontim 23:00:
How right you are about the bad times we have suffered…
To answer your question, they have not suffered enough. Never will they until Tesco open their new Govan Store.
Keep the Faith!
Hail Hail!
Ally says,if things don’t improve,he will sack his coaching staff.He demands to know what they are doing,when he is scratching his head..
Glen Daly
And wants the names of the players who scored?
Unemployment figures set to rise by 1………
Should I feel sorry for the Ref?
When does the share issue prospectus come out I can’t wait !!
sidestoosorefromlaughingCsC
Does it get any better …
Really ?
What is the next sketch….
Green just had his palm read in the main stand at mordor tonite
Dearie, dearie, dearie, dearie, dearie, dearie me…
The pub I watched the penalty shoot- out had St Mirrren, Clyde and Thustle fans popping up like mushrooms
What a fecking laugh
Can Charles Green get Duff and Duffer to buy back tonights bad history for the game tonight.
Poor Oldco it will be turning in its grave
serious point –
see if your a motherwell fan, top of the SPL, going to Ibrox next week,surely anything less that a straight 2-0 or more easy win against the diddy team is the expectation,
surely on this occasion, the mullet heid canny have any excuses.
Is Billy Davies working?
mark HATEley says the arrests at EVERY away game this season for sectariian chants has got to be a world record, but, don’t worry, mark, they’ll create a new one at their next away game……..
QOS
Hahahahahahahahahahahahahahahaha
R*ngers will be spinning in their grave
BSR
I am such a fool sometimes. To think I actually wanted Sevco to go bust by the end of August………what was I playing at?!?
Love the in fighting over there :>)))))
………………………………………………………
Bears Den tonight has been completely overtaken by taigs with their mock support for and defence of Ally.
……………………………….
So anyone who thinks McCoist should not be fired after about 6 games and a few bad performances/results is a taig??
You’re an absolute disgrace.
Stay Pufft Marshmallow Man’s Cup record:
0-1, 1-1 (1-2 agg) v Swedish side
1-2, 1-1 (2-3 agg) v Slovenian side
2-3 v Scottish 2nd tier side
4-0 v Scottish 3rd tier side
0-2 v Scottish top flight side
2-1 (a.e.t) v Scottish 3rd tier side
1-0 v Scottish 2nd tier side
4-0 v Scottish 3rd tier side
2-2 (oot on their erchies) v Scottish 3rd tier side
Honourable mention to:
1-2 v German side in the ‘Stave off Administration for another month or so Cup’
Bets for the ginger mullet to contrive to somehow break this rather unsurprising record v top flight teams next week?
I said earlier I fancied QOS and I based that on the fact Fat Sally had told the laptop loyal he had ANOTHER meeting after the Annan game. It must be in one ear and out the other with these players now.
Don’t sack McCoist…