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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Is McMoist actually agent Whyte in a fat suit?
The orcs deserve to know! :D
LMFAO.csc
HH
/Bishop B
Well that’s one wee march upon Hampden cancelled then…..
Just realised that’s also more desperately needed revenue lost to them AGAIN …… Honestly it gets better by the day ……. They’re heading for liquidation, just like that other club….can’t remember their name, for the life of me……
Glen Daly
:) death of a thousand cuts
Enjoy !
Staff at all night 24 hours Greggs in Kinning Park rolling up their sleeves for a busy night as Fatso goes on a comfort eating binge as the Galactodiddies Ramsden Cup co-efficient takes a hammering.
The financial implications for the cash strapped scrofulous ones of no Ramsden’s Cup income after September are grave indeed, and may well de-rail their ambitious plans to bring CristianoRonaldo and Lionel Messi to ibrox in the January window.
Allegedly, TFPLG is trying to hire Kate Middleton’s lawyers to stop his t**s being shown in public.
asonofdan
23:11 on 18 September, 2012
No…..PLEASE don’t sack sally ……….. PLEASE DON’T
If they sack Sad Sack Ally, can we keep him? Plllllleeeeasse??
The best thing about all of this is that Chuck cannot afford to sack super Sally !
As one who was made redundant twice,may I say.
DON’T SACK McCOIST.
Kate Middleton’s got a bigger warchest…
The posts are brilliant tonight …… Gonnae stope it….I need to get to bed
Karma is an interesting concept. Maybe just maybe all the grief we’ve suffered over the years is now being repaid.
Like many of us I was watching the CL game in Madrid but as it finished my dear wife directed me to BBC Alba.
I watched nearly all of the extra time and” they” are rotten .in fact the lad Orsi could have sent them out right at the end….but the penalties were outstanding.
So if we do get them in a cup this season we must make sure we humiliate them.
They are truly a 4th tier outfit
Their loyalty knows no bounds.
………………………………
Aye… Bad result and had a couple of poor results away from home.
But if after a half dozen or so games you want to stir your shite when we need the fans support more than ever then you can jog on.
The boys out there are a brand new team, have had no pre season and will take its time to gel.
I’m like Ally. ‘I don’t do Walking Away!’
Will be interesting to see spin MSM put on our financial results v sevcos result tonight. Think it may reinforce our current beliefs but let’s see what makes the headlines.
Hail! Hail!
67heaven
Be like the rest of us,open another bottle.HH
WGS
magic on ITV CL highlights programme just now.
and over on Sevco Media they want McCall or McInnes (!) to be the new FPLG
don’t sack McMoist
he is the best manager in their history…
and the worst….
and the first….
and the last…………..
“The only football team mentioned in the bible ? ”
Well apart from ” Bury “, and at a push, ” Mans Field “, I’d suggest the lesser known Book of Mihal; Ch.2, Verse 4 :
” …and the Lord Shall smite these evil-doers and Zombie, Masonic,
dirty, orange, cheating, racist nutters… ”
I may have paraphrased, but I think we know of whom The Good Book speaks.
HAW
I canny believe I missed it, I’m gutted. I switched back to Cl about 88 minutes and missed the huns being pumped in the fish supper cup.
I’m devastated…….
I’m gonnay write a letter like this tomorrow……….
http://www.youtube.com/watch?v=RQEb-rJgy9I
But in less hunnish way, with a happy ending. Mrs Ceiler is a doonhamer and I’m gonnay make her a happy freisain ramorra……..
HAW
ASonOfDan
23:11 on
18 September, 2012
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…
+++++
I can imagine that meeting…
Sally: Is it Tiger Woods?
McDowall: Boss, yer no oan ra telly.
Elbows: grnmphscrabdogrrch
Sally (bending over to the side): hehehe, it is Tiger Woods. Is it. I demand to know.
McDowall: Right lads, we need to discuss what went wrong this afternoon. ELBOWS, ffs, whit have a told ye: stop chowin doon on yer boots. Haw, European Cup Lugs, get elbows his IAMS. Ffs, whit am ah no payin you lot for?
(Enter Green)
Green: Bigots. Gnarl. Build me an army worthy of Mordor.
mihal
23:19 on
18 September, 2012
“The only football team mentioned in the bible ? ”
Well apart from ” Bury “, and at a push, ” Mans Field “, I’d suggest the lesser known Book of Mihal; Ch.2, Verse 4 :
” …and the Lord Shall smite these evil-doers and Zombie, Masonic,
dirty, orange, cheating, racist nutters… ”
I may have paraphrased, but I think we know of whom The Good Book speaks.
+++++
Corinthians.
The future’s bright, the future’s a pile of sh’.e :
http://img17.imageshack.us/img17/9715/1348006664422.jpg
At long last Sevco receive their penalty – 4 to 3 of them actually, from QofS.
H H
Traynors back page headline tomorrow…
SFL throw Gers out of Ramsdens Cup. Surely, they’ve been punished enough now??
Queen of the South had never beaten Sevco at Ibrokes before tonight.
The last time they won there was against Rangers in 1948.
Hamiltontim will be in the city centre after 2, meeting up with a couple of mates going to Viva Brazil for a meal at 1545. No prob could meet you for a swally,give me a bell in the morning. HailHail Hebcelt
Just catching up but this caught my eye :))))
———-
ROW Z – Let Celtic Flourish by the Cleansing of the ‘den!
22:49 on 18 September, 2012
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.
I have absolutely NOOOO chance of sleeping now
Hell scud it intae that fat, sleekit, dangerous wee coward sally.
Trying to remove the grin from my coupon so I can get into bed!!
See you all tomorrow Hoopsters…
And Lo
A great rejoicing was heard in the land
The Sevconians were vanquished
And their Pizza Huts laid low
And CQN said, it is good!!
And all drank from the glorious cup
Of Schadenfreude diet coke…
hamiltontim
23:00 on
18 September, 2012
It’s just WONDERFUL, so it is ….!!!!!!!!!!!!!
“It’s worse than that Mr Green…We have to split the gate money”
FROM RA OFFICIAL BIG HOOSE WEBSITE
if it isnt a script from a comical ally i dont know what is,
remember the tag line on message script is “rangers then, rangers now , rangers forever”
i think ally says different. these teams are to hard to beat, ah mean they beat hibs an ivry fin
——————————————————
Tuesday, 18 September 2012 23:00 Ally Frustrated After Defeat
Written by Neil Smith
ALLY MCCOIST could not hide his disappointment after watching his side exit the Ramsdens Cup following tonight’s 4-3 penalty shoot-out defeat to Queen of the South at Ibrox.
The manager thought his side had done enough to secure a victory when Lee McCulloch won a spot kick with 20 minutes left and the skipper slotted the ball past Lee Robinson.
But with both teams had been reduced to ten men following the dismissals of Kevin Kyle and Willie Gibson, Gavin Reilly equalised in injury time to make it 2-2 and take the game to extra time and then the lottery of penalties.
Ally said: “It’s a sore one that’s for sure and we’re really disappointed.
“To lose in the manner we did on penalties was disappointing and I don’t think there was a lot between the teams.
“I thought we probably had done enough after we got the second goal when we were down to ten men.
“We are obviously disappointed in the way we lost the second goal as well.
“Having seen it again a couple of the boys were telling me it was our throw-in and then then the lad looked a yard offside.
“But that aside we should still be defending it better.
“It’s not a wake-up call for me it’s just a massive disappointment.
“We were all aware how difficult the game would be tonight against a good Queen of the South side that are doing well in the league and they also knocked Hibs out of the League Cup.
“But we definitely need to do more in terms of creation with the ball.
“Tonight we didn’t do it as much as we have done in our recent home games.”
The last bit was mine by the way ROW Z is only down to
hahahahahahahahahahahahahahahahahahaha. :)))))
From tomorrows Sun.
After the game, a bloated and dejected Ally McCoist said “Well, obviously we are pish and disappointed to go out of the pawnbrokers cup, clearly we have some subtance abuse problems which we are addressing. I am a fat raging pie faced idiot and will be telling the players this isn’t good enough and must never happen again. I’m sure you’ll see a bigger pie in my mouth at the the next game”
Then he hobbled of like a fat hobbldehoy…………..sigh.
glen daly
23:02 on
18 September, 2012
McCoist demands to know why Queens got 5 penalties
….and he demands to know who the feck took them….
off to bed hope I can stop laughing and go to sleep………..
How many of those “we dont do…………” tops are tonight being quietly being folded up and slipped into the bottom drawer. Never to be seen again.
“lifelong Celtic fan” Owen Coyle’s Bolton pumped again….. more karma