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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Good morning all from a beautifully clear skied East Kilbride.
This Is The Day.
Jobo
Competitive Record v Portuguese Clubs
23.09.64 ICFC1/1 A Leixoes D 1-1 Murdoch (31)
07.10.64 ICFC1/2 H Leixoes W 3-0 Chalmers 2 (14, 83), Murdoch (88 pen)
Agg:- 4-1
12.11.69 EC2/1 H Benfica W 3-0 Gemmell (2), Wallace (41), Hood (69)
26.11.69 EC2/2 A Benfica L 0-3
Agg:- 3-3, Celtic progressed on toss of coin
22.10.75 ECWC2/1 A Boavista d 0-0
05.11.75 ECWC2/2 H Boavista W 3-1 Dalglish (35 secs), Edvaldsson (20), Deans (85)
Agg:- 3-1
19.10.83 UEFA2/1 A Sporting Lisbon L 0-2
02.11.83 UEFA2/2 H Sporting Lisbon W 5-0 Burns (17), McAdam (43), McClair (45). MacLeod (57), McGarvey (59)
Agg:- 5-2
20.10.93 UEFA2/1 H Sporting Lisbon W 1-0 Creaney (9)
03.11.93 UEFA2/2 A Sporting Lisbon L 0-2
Agg:- 1-2
15.09.98 UEFA2/1 A Vitoria Guimares W 2-1 Larsson (1), Donnelly (70)
29.09.98 UEFA2/2 H Vitoria Guimares W 2-1 Stubbs (38), Larsson (90)
Agg:- 4-2
25.09.01 CL H Porto W 1-0 Larsson (36)
17.10.01 CL A Porto L 0-3
10.04.03 UEFASF1 H Boavista D 1-1 Larsson (50)
24.04.03 UEFASF2 A Boavista W 1-0 Larsson (78)
Agg:- 2-1
21.05.03 UEFAF N Porto L 2-3 Larsson 2 (47, 57)
17.10.06 CL H Benfica W 3-0 Miller 2 (56, 66), Pearson (90)
01.11.06 CL A Benfica L 0-3
24.10.07 CL A Benfica L 0-1
06.11.07 CL H Benfica W 1-0 McGeady (45)
28.07.10 CLQ3/1 A Sporting Braga L 0-3
04.08.10 CLQ3/2 H Sporting Braga W 2-1 Hooper (51) Juarez (78)
Agg 2-4
P 23 W 12 D 3 L 8 F 31 A 26
WG –
And all that info from memory? Beedeebeedee, what a ghuy!
How doodles, not seen ya in ages?
Ulryc
PS, heard a wee rumour that the SFL engraver was running around trying to get a Dremel Multitool grinder, a large roll of emery cloth and a 45 gallon drum of T-Cut to try to remove some presumptuous engraving . . . . . .
Lurcy
gordybhoy64 07:08:
Sevco 2 Queen of South 2 AET. the Queen won 4-3 on Penalties…they just can’t get enough of the Penalties being dished out to them…:)
God Bless the Queen…of the South!
Keep the Faith!
Hail Hail!
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
07:24
Thanks for the link to Mitt yesterday.
This week`s lesson: Privacy is a thing of the past.
Where have all the statesmen gone?
Morning all from gay Paree, bright and cool (17C max alledgedly).
Hi Northbhoy
Everyday is Christmas (I’ve just seen the SevCo result!), so it’s no wonder you’re up early.
Should be a cracker tonight.
You and 60000 others have your part to play in getting us the 3pts!
I know you won’t let us down
;o)
Gardez La Foi!
Good morning on a beautiful sunny day.
Conversation overheard in the works canteen this morning.
Three young lads sitting having their tea break. One supports the Scottish Champions who will be playing in the CL tonight. The other two lads are sevconians.
For some reason the conversation gets round to your other team that you support (one of the sevconians trying to steer the subject away from the pawnbroker’s cup).
“Aye Chelsea is my second team” says one of the sevconians; “Liverpool is mine says the other”. The wee lad who supports the champions “mine’s is the wee Rangers, I was down at Berwick the other week watching. (My dad has a caravan at Berwick) Very sad to see them beat last night, but did well to take the upper league team to penalties”
I nearly choked on my sandwich.
Good morning CQNers,
So much to be smug about this morning, surprisingly I didn’t derive the greatest pleasure from the latest embarrassed to befall Sevco, nor Chas Green’s interview during the match ( he doesn’t look well, I do hope his health holds).
No, this morning I took the greatest pleasure in seeing that bully McKenzie floundering in the face of Alex Thompson’s questions on his responsibility for the Sun’s front page accusing Liverpool supporters for the Hillsborough disaster.
http://www.youtube.com/watch?v=_meOwyOZxDE
Back to Celtic, tonight I’m looking for Charlie Mulgrew and Izzy to play big games, for if they dont I fear the result.
Dan 07:46:
Nirvana…how the mighty have fallen…:)
Sitting at my Desk with the biggest smile waiting for them coming in…oops, here comes one now…I’ll have salt and vinegar on my Fish n Chips please…:)
Keep the Faith!
Hail Hail!
Lennybhoy cheers for the reply but i couldnae resist and had a read
back;some comedy gold in the posts last night
HH
gordybhoy64 07:54:
Enjoy the rest of your break my friend…:)
Keep the Faith!
Hail Hail!
Top of the morning to you all from a sunny Fife where the air has got an autumnal chill but somehow there is also a touch of Spring about the place.
Big game tonight and I just hope the bhoys do well. Sammi and Joe are going to be missed but with a full house the others can up their game and come away with the points.
Just finished watching the recording of the latest episode of the Sevconian’s sorrows. This series could be a big box-office hit.
Stout Ally is not blaming the referee except for the offside-goal, wrongly sending off Kyle, and wrongly awarding a throw-in that led to the second equaliser.
The cheeky chappie must be wishing he had stayed with Sue on the Question of Sport gig. Oh how I used to laugh at his jolly japes then, but to be honest with you, I won’t tell a lie about this……………….. he is much, much funnier to watch now!
murdochbhoy
07:48 on
19 September, 2012
Excellent video………. the truth………… Kelvin looks haunted
Good luck to the team tonight.
COYBIG
Morning,
Soooo looking forward to tonight. Only problem is my jaw is aching, I reckon I must have been laughing all night in my sleep.
Morning all!
Oh what a beautiful day – and night last night!
To all the Tims going to the game tonight – enjoy!
Won’t be there in person – but will be in spirit!
Mon the HOOPS!!!
HH!!
Lennybhoy…Supporting Neil Lennon and CFC until I die
07:52 on
19 September, 2012
Yes, if only I could bump into some of my former colleagues who gave me a roasting after the Caley result all those years ago.
Dan
Morning bhoys. The day we’ve waited for for some time. A day when your whole body smiles. You just can’t best that champions league day feeling and the thought of the sevcovians that left ibrokes with 5 minutes to go last night finding out this morning makes the smile even bigger.
on these cold and lonely lowly morns my friends please take a moment
to ponder that sevco friends are not just for christmas…
remember to play with them all year round
D’accord Mon Sixtaeseven,
I hope that you get to enjoy the game this evening, even with you being in a different time zone and occasionall parrallel universe.
Could not contain myself last night when told of the happenings in Govan.
I told you there is a God.
Gardez vous !
HH
Good morning CQN
Well done Queen of the South can’t stop laughing
Good luck to the Bhoys in green and white for our big game in the CL
Tonight
Keep the Faith
Hail Hail
Super Ally in a Tizzy, Timmies are Uproarious.
Wish I’d sent that to ‘The Sun’ last night for this morning’s headline. They would have used it, wouldn’t they?
Gotta go Ghuys…enjoy the game tonight…
Until we meet again…
Keep the Faith!
Hail Hail!
Peter Lawwell nails the huns again.
“It’s absolutely straightforward,” said Lawwell. “We know we operated one single EBT. HMRC know how we operated that EBT. The football authorities know how we operated that. We’ve no case to answer. I don’t know how Rangers operated their
EBT. HMRC know. The football authorities know and there appears to be a tribunal and a commission set up. So it’s straightforward. In some quarters, people have tried to drag us into the debate. But it’s nothing to do
with us. It’s a red herring. It’s my understanding that it’s not about EBTs, it’s about dual contracts but,
again, I don’t know how they [Rangers] operated it and I can’t comment. But I know how we operated it and so do the football
authorities, so I think it’s quite straightforward and there should be no muddying of the waters. “There is a whiff of paranoia around somewhere. I don’t have an undue or inappropriate influence on Scottish
football. There is nothing covert in terms of what is happening. “It’s been extraordinary what has happened to Scottish football and
what has happened to one of its biggest clubs. So that leads to a number of dynamics and a number of accusations or people looking to blame others. My job is to do the best for Celtic and maximise the potential
of Celtic. That’s my sole concern. Well, not my sole concern, perhaps, because I would love the game here to develop and, as part of the PGB at the SFA, I have a responsibility for the rest of the game. That sort of input, hopefully, will help.”
Does McCoist have a decent contract with Sevco?
Hope so, as I would like to see the chancer have to dish out some real money for a change.
Or will Ali just walk away with nothing?
Celtic, Paradise, Champions League, it does not get any better, we have already gone one better than last year so let’s be having you Young Lions and let’s see what you’re made of!!
I would have loved to see Joe Ledley or Beram Kayal back in tonight but there you go you can’t have everything, we’re looking for some big performers to step up tonight, Gary Hooper son get yer shooting boots on.
I have a feeling Neil will start Miku tonight, some difficult choices for the manager tonight and I can’t wait to see how we line up…
Mon the Hoops…
Oh and well done to Queen of the South in bringing to an end the Cup dream of the plucky newcomers from Division 3…
Oh and Ally enjoy the fitbaw the night, the telly is as close as you will ever come to the Champions League!!
Hopefully we can start the group with a result tonight. Ledley and Kayal will be a huge miss in the middle as that’s where I think we will struggle.
When we have the ball we need to keep it and when on the attack we need a bit more urgency and speed to our passing without resorting to long balls.
Won’t be many goals tonight so first one vital.
asonofadan
Where did you get that?
MWD
Alasdair .. I believe super sally doesn’t do walking away unless of course there is at least 500k or indeed more tucked into his back pocket .
Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. Champions. C’mon Wee Oscar.
Go back a page Mate the full article is linked from the Scotsman..
Just read back from last night, still brilliant this morning, particularly James Forrest’s post. Well worth a read.
Really looking forward to stepping up into the ground and seeing that green Garden of Eden tonight.
Work beckons…… till noon.
Whither the cash strapped scrofulous hillbillies the day?
Thanks Starry
nice morning in Aberdeen.
cant wait for 3:30 to start the drive down.
taking my dad tonight
its gonna be a great night!
Quick scout around the online MSM headlines. Were they even playing last night?
so the sevconians giant slaying run has ended.
My poor sides and jaws. Sleep laughing now there’s a thing.
Bring on the Benfica
All together now….
Ce sont les meilleures équipes
Es sind die allerbesten Mannschaften
The main event
Die Meister
Die Besten
Les grandes équipes
The champions!
Une grande réunion
Eine große sportliche Veranstaltung
The main event
Ils sont les meilleurs
Sie sind die Besten
These are the champions
Die Meister
Die Besten
Les grandes équipes
The champions!
Die Meister
Die Besten
Les grandes équipes
The champions!