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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bournesouprecipe
23:41 on
18 September, 2012
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”.
____________________________________________________________________
Brilliant.
A Ceiler Gonof Rust
How can you decide which fat sleekit dangerous coward sally thread to go on there is that many im dizzy :)))))))
Must not lose sight of fact Sevco got a penalty in normal time.
Karma s a cruel person…
Sally Green Whyte Murray.. They deserve each other…
Paradise will be awesome tomorrow.. Taking my youngest AB…
It’s our heritage .. Our team.. Our soul..
CELTIC!!
raymy
What if a poor wee wean cuts themselves on that rust and loses a limb to infection…
james forrest is neil lennon! we are all neil lennon!
23:39 on
18 September, 2012
Wow …..some mhan … !!!!
Bed time bhoys.
.
Getting Knocked Out a Cup is Like a New..
Errrrmm..
Groundhog Day..
Mark Mateley..
Summa
Match official Stevie O’Reilly is certain to shoulder the blame for tonight’s cup upset at Ibrox.
The man in black, who is married to Celtic chief Peter Lawell’s sister, angered the Ibrox faithfull with a string of controversial decisions in favour of the 2nd division outfit.
The Queen’s opening goal, which replays showed to be at least two yards offside, was called good by the whistler, prompting angry protestations from the home players and their loyal fans.
Mr O’Reilly, from Coatbridge, has came under fire from Rangers officials in the past, owing to a series of ‘big decisions’ going against the Ibrox club. The Peter Lawell connection, together with his professional ties with Glasgow law firm Harper MacLeod, certainly leaves Mr O’Reilly in a compromising position.
Rangers boss Ally McCoist admits to being “astonished” that an official with such controversial connections continues to be assigned to games involving Rangers, and tonight has demanded answers of the SFA. “I fear for the boys safety, I really do”, claims McCoist, “There is certainly a conflict of interest where Mr O’Reilly is concerned, so perhaps someone at the SFA should do the sensible thing before something ugly happens”.
Asked if he felt the Rangers fans were entitled to pursue further investigations into Mr O’Reilly’s ties with Celtic Football Club, McCoist replied “I couldn’t possibly comment on that. The Rangers fans know whats expected of them and they will act accordingly”.
http://www.youtube.com/watch?v=upg5Pj5PW8k&feature=youtube_gdata_player
Ramsdens Cup Theme tune, it is a belter……go on…..u know u want to…..
james forrest is neil lennon! we
are all neil lennon!
I am going to bed with that wonderful post in my head.
They were beat by a team from a higher lge. That’s not an embarrassment is it??
Time for bed bhoys.
Some of the best craic ever tonight.
The club that just can’t help giving..
Take care and god bless Timland.
Onwards to a a quality night against Benfica.
3-0, 80/1 with betfair, must be worth a couple of pennies.
HH
KTF
I had heard that Ipox was in need of some renovation work but I was taken aback at the state of the area around where McPherson was sitting giving his interview during the match. It wasn’t even as good as dilapidated. They have real problems if this is a reflection on the rest of the ground.
ASonofDan
I’m in fire mate, they could have ebola and spill their innards into the dugout for all the difference it makes to me. As long as they are alerted and able to escape in the event of a fire. Although like i say, HSE cover fire safety in sports grounds and stadia so if i’m ever to go along to one its only to advise HSE reps
Ok guys,going to bed,before I open another bottle,Thank you Ally,I will sleep well tonight.Hail Hail the Celts,and SAM is coming home .Slan
Those fenians at the BBC cant help themselves.
I’ve looked, and looked, and looked for Sevco’s result here, and they just wll not put it on
http://news.bbc.co.uk/sport1/hi/football/europe/champions_league_results/default.stm
Maybe they’ll stop calling the rangers now ….. Good, GHOOD night, Fholks ….from a VERY happy Celtic Supporter ……..
BBC Alba
Laugh, I think I’ll pay my license fee
james forrest is neil lennon! we are all neil lennon!
23:39 on
18 September, 2012
Thanks I enjoyed reading your post,as will many of my friends
H.H
Dead and Loving it
00:01 on
19 September, 2012
BBC Alba
Laugh, I think I’ll pay my license fee
is it fat sally or bomber or mel from benidorm –
http://www.youtube.com/watch?v=aK21p8NEL8Y
Have Sevco signed a tie in deal with the FBI?
Up until last year I could have told you who played for rangers, most of their players were recognisable.
Well tonight, watching the new club who want to take their place in the affections of old rangers fans, I was struck by the fact that, thanks to not having the commentary to help put names to faces, I didn’t know who 7 or 8 of the Sevco player were. Still dont, after seeing a copy of their line up.
Are Sevco being used as a place to put people in the witness protection plan?
this is how I dealt with the abroad phone call today
http://youtu.be/hI1nPd7hezM
THE EXILED TIM
Sleep well my friend for once im up later than you :))))
HAIL HAIL
Tonights result will go some way in providing justice to the doonhamers who were robbed of the Scottish cup in 2008.
Although, all things being equal it’s soon to be added to their club’s list of acheivments.
Mon the D&G
Some good sclaff ball courts doon there too.
HH
It’s good, to think, at times like this, of the wee fat man whispering in Neil’s ear.
Still as sleekit but not so smart now.
SS
all three
Wonder if the MSM will start asking questions of the the manager. And what about the state of the the pressbox? Only 20000 crowd and they will have to split the the gatemoney. Looks like the the ground is falling to bits and wouldnt be surprised that the the fire certificate isnt being granted. And to think of the the fans that left early? Wonder when they’ll find out?
Im off to TRY and sleep in the certain knowledge that
THE FAT SLEEKIT DANGEROUS COWARD sally wont :))))
Good night all MAY ONLY GOOD THINGS COME YOUR WAY.
“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”
HAIL HAIL
C’mon, keep the votes going on the RM useless apprentice poll. The keep the pie vote is on the increase.
Vote Ally, vote pie, vote oblivion.
They’re worth it.
HAW.
SS
Mason Boyne still makes me laugh, not so much a caricature these days
Hoop Hoop Hooray
Fire certificates don’t exit any more
Evening working away and forgot they were playing , was busy watching that diddy European cup game Madrid v city Logged on to catch up on news of the game tomorrow. hee Hee Ally must stay … Away to read back on the pens.
A friend arranged the 3 match ticket for me at short notice so will be at the game tomorrow night.
Don’t know where I’ll be sitting (sitting?) Haven’t been to CP since we beat Third Lanark , or was it that other team ? I always get them two mixed up. Anyway the score was 3-0 (Hooper 2, Commons)
This is my first Euro game since 1967 when I saw John Colrain’s Glentoran draw 1-1 with the great Eusabio’s Benfica 45years almost to the day .
That must be record of some sorts.
Don’t have any details of which hostelry we’ll be frequenting but will be keeping an eye out for any CQN badge wearers
BTW the son booked the Barca ticket because as he says he’s starting Uni on Thursday so he couldn’t go to the Benfica game.
Fly or what?
Slán Mac an B
Hoop Hoop Hooray
Fire certificates don’t exist any more
Emdae got the penaltys? Forgot to add extra to my recording thingy. Stopped at 29mins of ET. GRRRRRRRR
For any Hoops in the West Algarve, McCabe’s Bar near the Tivoli Hotel in Lagos is showng the Hoops game tonight.
See you there!
HH
TTTT
bsr
TFPLG ??
Dumfries (i/dʌmˈfriːs/ dum-FREESS; possibly from Scottish Gaelic: Dùn skelpin is a market town and former royal burgh within the Dumfries and Galloway fenian council area of Scotland. It is near the mouth of the River Nith, formery the hun, into the Solway Firth. Dumfries was the county town of the former county of Dun skelpinthemstupid. Dumfries is nicknamed Queen of the South.[2] People from Dumfries are known colloquially as Doonskelpers.
The birth place of Mrs Ceiler and a town now registered in history as a skelper of the hun and slayers of the pie munching apprentice bawsack McCoist.
A great wee toon.
Caveat: Ceiler is not responsible fo wiki entries, ahem ahem.