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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2012 Mayan prophecy comes true, Armageddhun :
huns pumped by Queen ;-)
Saltires,
Yep, just can’t get enough, as they say!!!
PF – aye, but you mostly buy from Black’s of Greenock! :-)
T4
The best image on Alba was Gus McPherson at half time. The rust and peeling paint in the press box says everything about the tax and invoice dodgers.
A hun actually wrote this….
………………………………………
Let’s not dwell on individual matches. Let’s look at our overall record.
Until tonight we were unbeaten all season. Two months of matches without a defeat. Yes, there were plenty of disappointing draws but also plenty of absolute walkovers.
If people want to judge an entire season by one match then be my guest but you’re all a bunch of numpties.
sources say major changes at ibrox later this week, leaked reports confirm mc coist is to try wearing a cardigan.
Green supports the move but will not sanction a tank top.
I hate to link to SEVCO;s website, but seriously , anyone who has studied body language, is the 4th official here more horrified by the passage of play than FPLG
http://www.rangers.co.uk/news/headlines/item/2231-ally-frustrated-after-defeat
Hell mend the big fat, greeting, whispering rat!
Charlie Green has just stated on ssn ” You can do what you want, but we are not out of the cup, we are not accepting that result, and fatty is behind me on this”
Pogmathonyahun aka Laird of the Smiles
23:29 on 18 September, 2012
2012 Mayan prophecy comes true, Armageddhun :
huns pumped by Queen ;-)
AGAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
saint stivs
23:18 on
18 September, 2012
That’s part of the problem…I don’t drink ……LOL. …… BUT punch drunk tonight
Michael
I spat my beer out when I seen that. Absolute keekhole and gives credence to the stories about the fire certificate.
TET,
The last 6 words are very perceptive, for a hun anyway!!
This is great tonight.. I d sensed the mucky sevconians and the MSM getting arrogant as usual ..
It kind of sorts them out..
Ramsdens cup.. You’re having a laugh..
GIRUY..
Let the people sing… Champions league!!!
HH
och Michael Fagan.
Saint Stivs
23:32 on
18 September, 2012
I hate to link to SEVCO;s website, but seriously , anyone who has studied body language, is the 4th official here more horrified by the passage of play than FPLG
http://www.rangers.co.uk/news/headlines/item/2231-ally-frustrated-after-defeat
+++++
Hard to tell, tbh, I kinda got fixated on the fact that Sally quite clearly needs to acquaint himself with a job lot of Senekot.
Will promise to take a look later.
Awe, this is brilliant. Hun media is in total meltdown. They are baying for the blood of the fat apprentice.
They’re sick puppies, but if you’ve a strong stomach its well worth a visit.
My favorite so far is…….this:
http://forum.rangersmedia.co.uk/index.php?showtopic=238638
follow’d blindly like a hun on the M74 by this:
http://forum.rangersmedia.co.uk/index.php?showtopic=238651
Turns up they didnt want to win it after all. Ach well, just as well the fresians pumped them then.
Funny, and just, both at the same time.
Mon the hoops
It’s gonnae be hard trying to get to sleep with
“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”
Playing over and over in my head!
DR………………………………Charles Green says that the Ramsdens Cup no longer has any jurisdiction over Sevco.
Feel for the hun wives tonite.
Anyway away to float above my bed.hail hail.
Carnoustie Golfer, from that first thread:
Our defence OMG been needing a RB since Hutton left.
pmsl
Watched an interesting thing on TV about CCTV and how the youth of today are growing up in a society that is used to being being monitored by CCTV and their records being kept.
A few years ago my step-son, who atteneded a well respected school in Glasgow, had his fingerprints taken by the school in a pilot scheme to do away with cards at lunch time. The process involved scanning the puplis thumb print, which would presented to debit their account.
To cut a long story short I did my dinger when I found out as they had not sought parental agreement to it.I spent the entire day at work freaking out at the headmaster, trying to contact the local cooncilour (who was on holiday it seemed btw), eventually talking to the MD of the company who implemented the system, based down south. (Arrogant bassa).
Anyway they had claimed that these records would be scrubbed. According to Newsnight tonight they are in fact kept!
Please make sure you talk to your kids and stop this from happening. This is creating a biometric record of our kids on the sly.
Feckers!
From deadclub media :)))
Still loving it Alistair?
You have been fond of saying how much you are loving our journey through the lower leagues? Well i aint, GTF.
At quarter past ten on 18 September 2012, a gathering storm finally broke. The sense of fun, of joy, of being on an adventure, that feeling of “optimism” surrounding Sevco’s “journey back to the top” came to an abrupt, and shocking, end. The general mood of defiance, the air of arrogance, the sense of unreality which has surrounded their exploits this season, was suddenly gone.
It all went, like piss down a trouser leg. Things will never be the same for this club again.
At that moment, when the full time whistle, in extra time, blew in the Ramsden’s Cup Quarter Final at Ibrox, and Sevco were taken to a penalty shoot-out, Scottish football changed again, irrevocably, totally. The final score was 2-2.
The penalty shoot out result was never going to matter. The end of it, and Sevco’s defeat, was never going to be the story of the night. The story of the night was the end of the adventure. It is no longer a fun-filled climb to the top.
This is only the start of a long, slow nightmare.
Tonight was the dawning of reality. Tonight has given Sevco’s fans a new sense of who they are. They are not a top tier side playing in a lower tier league. The standard of their team is married to their surroundings. Their position is precisely in keeping with their status. They are a lower league side, with lower league players. Football, in the end, is a meritocracy, and if you’re not good enough all the big talk in the world will not make you that which you aren’t. Sooner or later, the truth dawns.
Tonight was not a shock result. Watching extra time, it had a certain sense of inevitability about it. This did not feel like a result which would reverberate around the world, although it certainly will, based on a misguided view of Sevco’s status in the game. The truth is, this has been coming and a night like this was always in the post. There is no hiding from the facts.
This is who they are now. A team with no discernible quality. A team of free transfers and kids who weren’t good enough to win the under 18’s league some years ago. A team with a manager who knows how to talk the talk – at least in this country, where his words carry a weight grossly at odds with his ability and achievements – but who cannot walk the walk.
Their entire club has come to resemble the reflection you get in a fairground magic mirror. It looks bigger than it is, with every shape bent and twisted to resemble something it’s not. That image is not reality but a distortion of reality. Tonight, the mirror broke.
The media believes they are a big club, with players capable of “winning every trophy in the country.” Their fans believe the game cannot survive without them. Their manager believes these guys should be winning every game by five or six goals and that the problem is in their heads.
It is in all their heads. They are looking at the club through a distorted lens, which makes it seem bigger, more powerful and more important than it actually is.
From the chairman down, this club is the mouse that roared. Nothing about them right now suggests there is a quick, easy way back from the pit into which they have sunk. The idiotic behaviour of their chairman is not befitting a big club but one with an over-inflated sense of importance. The image of the club in the Craig Whyte era as the footballing branch of Trotters Independent Traders is actually more applicable now than it was then. With Del Trottter in the directors box, Rodney in charge of communications and Trigger in charge of team selection.
Tonight the truth hit home, and the cold reality of the next two years at least has been made shockingly clear. This team cannot be relied upon to win any game, let alone every game. Promotion is no longer a formality but a rollercoaster dance with death. The pain is not over, but just getting started, and the club is not safe but now on the downslope facing a death of a thousand cuts.
Am I gloating? Yes, and no. I am gloating because, in spite of a mountain of evidence to the contrary, this team believed that the name “Rangers”, which they purchased from a dead club, was like a talisman against the real world. They behaved with precisely the sense of entitlement that brought them low, with each fresh crisis bringing them no closer to an epiphany and the change of behaviour which might have changed their fortunes. The bubble of superiority is tonight completely burst.
There were a few – a very few – amongst their support who did not view the Third Division start-up as a positive. They saw it for exactly what we did; a dive over the precipice, a leap into the dark. Their voices were drowned out by the halfwits who “wanted” to go down, the better to spite the rest of the country.
The rest of the country, in the meantime, was laughing at the arrogance and ego which delivered for us just the result we wanted; a crippled, devastated “institution” on its knees, scrabbling around, like a beggar, looking for change in the dirt. Did they notice that they were giving us the result we wanted? Yes, of course they did … but blinded by hate and a need to believe in their own superiority they didn’t think too much on what reality would look like. They didn’t consider nights like tonight.
We did. Which is why we wanted them here. We knew there would be devastating evenings like this one, hammer blows against their smug stance. We knew there would be crushing blows against their big-headed arrogance. We knew their would be moments like this one, where their pride would be crushed like a rotten apple stamped on by a steel boot.
Tonight is the culmination of our every fantasy; a club called Rangers, playing out of Ibrox, knocked out of Scotland’s third tier cup competition by a team of amateurs and journeymen. This is the stuff of their worst nightmares, made real.
The sense of unreality is gone now. Tonight the sleep walkers are wide awake, standing amidst the wreckage that, in their dreams, looked pristine.
Sevco fans, welcome, at last, to the real world.
Things look a lot different now, don’t they?
Enjoy the next two years. We certainly will.
tet
5 draws over 90 minutes against Second and Third Division teams. Oh! how the mighty have fallen.
…and this cracker from the second…
As the OP states ‘I genuinely feel sorry for the 23,000 Gers fans who turned up on a cold Tuesday night. ‘
It was difficult watching in the warmth of our houses…. these guys/gals at Ibrox
hahahahahaha, TAL
SSN……………………………………….”TFPLG I believe my players wanted to take the penalties in front of their own fans.
So the penalty shoot-out should have really have been at Cessnock or Kinning Park Subway stations”.
Maybe chuck will buy QOSs history in the morning and everything will be Hunky doray
I take it that means there’s no chance of the quadruple this season? Well there’s always next year!
Dirtymac, I’m flitting between four forums at the moment and I must say, RM is by far providing me with the biggest smile……………………..by far.
It’s nights like this that make hunmedia worth a read (if you have the stomach for their bile).
HH Bruv:-)
It was nice to see football returning to Ibrox on a Champions League night.
Sipsini
There’ll be a few walkin’ aboot wae faces like they pandas fae Edinburgh zoo the morra
Great video documenting that hilarious moment at Ibrox earlier this evening.
“CHEERIO SEVCO!”
http://www.youtube.com/watch?v=y9Phz4LnCjM&lc=mSBY9jmIJ5dpUrs-2662IKVXZPpnR1f1WGg_OA2a5XY&feature=inbox
They’ll be dancing in the streets of Queen of the South tonight?
You really have to admire their loyalty…..HaHaaaaaaaaa
……………………….
Every single one of you hang your heads in shame.
First defeat in 2 months to a good side, in the cup, on penalties.
AsonofDan
The stories of the fire certificate are false. They haven’t been issued since the Fire Precautions Act was replaced with the Fire (Scotland) Act in 2006. They may be part of an audit program but the enforcing authority is the HSE so i don’t know what their schedule is.
James Forrest is Neil Lennon! We are ALL Neil Lennon! 23.39
That sir is the best I have ever read the words
THE PENNYS DROPPED :))))
Already C&Pd and sent to many
Dirtymac, check out their poll thread. It now has Ally stay 57% , Ally go 43%.
I reckon if enough of us tims get on there we can get that stay percentace up into the seventies.
HAW HAW HAW.
C’mon, vote Ally you know you want to.