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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The most pleasing thing about last night was just how utterly bereft and ineffective were the mercenaries- Shiels, Black, Wallace, Sandaza and Kyle. Clearly they are only there for the money.
The others were just completely hopeless. Queens should have had the game wrapped up in normal time.
The prospect of drawing Celtic must terrify the Sevconians, but they wont get past Motherwell, even with the McCall factor.
Sheik Yerbouti
09:24 on 19 September, 2012
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Hear, hear m8.
Moisty is our key to 10 in a row.imo
Wrap 10iar roon ye moisty :o)))
It that happens I’ll die a Happy Man – CSC
by the way
sevcozombiehuns corner that they got furra goal was a goal kick
came aff sandaza
http://www.bbc.co.uk/iplayer/episode/b01mw51z/Live_Football_Rangers_v_Queen_of_the_South/
@ 1:17:00 on the player
pen was a dive
starry plough
Best wishes to yer Mum and
the rest of the family m8.
Stay Strong
YNWA
BBC IPlayer for last night’s game has the following content warning (in English, curiously, not Gaelic.)
Is this normal?
‘Contains strong language’
‘Live Football: Rangers v Queen of the South’ may be unsuitable for young audiences.
Just watch the halftime ‘interview’ (more like an audience with) Charles Green from 57:55.
It’s up their with Jabba’s succulent lamb and White’s ‘why are you so good’.
The interviewer looks like he’s puckering up ready to French kiss Green
http://www.bbc.co.uk/iplayer/episode/b01mw51z/Live_Football_Rangers_v_Queen_of_the_South/
67 heaven..
I have no personal dislike of PL…
I don’t like the fawning over him on CQN..
anyway CL tonight… oldtim answer yer phone….
KevJungle – Murdo..10 men Championees..1979
Thanks Kev, be good to be home for a while maybe even get to see the Bhoys!!
Starry
Since you’ve long departed these shores, Hamilton has become a metropolis basking in a tropical climate where nubile young wenches parade under the newly sprouted palm trees in the shadow of the ‘Palace’!!!!
Na yer right it’ll probably be pishin’ doon when you return :-(
The opening game in any group scenario is always an important one, and especially with a home tie. Three points gets us off to a great start.
Midfield will be the key tonight. With the likes of Aimar in there we know they will be technically good and composed. We can’t play a 4-4-2 or we won’t see the ball. And we need to be better at retaining possession when we do get it.
A big crowd, a fast start and an early goal will do me nicely.
starry plough
09:40 on 19 September, 2012
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Yeah, I hope the hoops reserve one their better days for ye.
God Bless
Hail Hail
Ernie, you find it curious that Yorkshireman Green can’t speak Gaelic?
goldstar10
09:29 on 19 September, 2012
The most pleasing thing about last night was just how utterly bereft and ineffective were the mercenaries- Shiels, Black, Wallace, Sandaza and Kyle. Clearly they are only there for the money.
The others were just completely hopeless. Queens should have had the game wrapped up in normal time.
The prospect of drawing Celtic must terrify the Sevconians, but they wont get past Motherwell, even with the McCall factor.
+++++
There’s an article somewhere, I have sent it around from email so will post it when/if I can retrieve it – I think Auldheid first linked to it on couponbook some time back, discussing the methods employed by Barcelona and part of it iterates the need for ‘the correct decision’ by every player in ‘a play’ (as it were), the time it takes for a player to make that decision and how both impact the passage of play.
What I watched in the short periods of the 90 I watched and the full period of extra time, was how many times the players could either not make the decision, made the wrong decision or simply didn’t have the technical nous to follow the decision they made – they could not place a 10 metre pass on numerous occasions.
Anyway, the article points out that in any passage of play leading to a goal (including an own goal from your opponent and/or a mistake by your opponent leading to a goal), that at every juncture, each involved player has a fraction of a second to interpret the situation and make that crucial decision. Taking a touch or two isn’t a bad thing if it’s required as part of your decision; taking a touch or two to allow you additional time to make that decision is a bad thing – the play has broken down and your opponent regroups.
Time after time after time, Sevconians were taking two, three, four touches and looking round for others to bring into play. Barcelona players, on the other hand, tend to have an abundance of choices at any given moment of a passage of play from which they have, on the surface, made their choice before the ball is even played to them.
Now, we can’t all be Barcelona, but the absolute paucity of choices being presented continuously to Sevco players must be alarming for Kenny McDowall, or whoever it is that is meant to notice these things at Mordor.
But ultimately, it is quite funny for us – they really are just a sum of their parts: second rate SPL/SFL journeymen.
Hamiltontim
Ah that’ll be Paul67’s office you’re talkin’ aboot, funny enough the last time I was home it was January and it hardly rained, the taxi driver assured me that Global Warming had been good for the Shire!!
I’ll let you know when we’re over and we can get a day where we can grab a bite to eat or a pint in downtown Hamilton.
Anyone know what channel the game is on in the UK today?
It is unfortunate that we will be missing 3 of our most important players tonight.
Kayal, Ledley and Samaras.
Particularly Ledley and Sammi.
We miss Joe’s presence in midfield and his late runs into the box can be devastating.
Kayal has shown potential to be a world class player, but has been prone to some silly errors. On balance though he would be in the first eleven.
Most of all, I think Sammi will be missed tonight.
These games are made for his style of play.
Benfica will push their fullbacks forward at every opportunity, leaving acres of space behind, an area that Sammi relishes.
Never the less, we have to play the Bhoys available to us.
I would give Forrest a start. His speed will force Benfica to think twice about using the fullbacks as wingers.
Our team are young, but the memory of our excellent Europa campaign last year and the manner of our qualification this year gives me great hope.
C’mon the Celts !!
Still trying to read-back the blog…..
does anybody know if – Efe’s Passport thingy has been cleared ?
And If so – is he fit to play tonight ?
I hope so
We badly need somebody in that CH position. imo
Starry
That would be good. If you’re without transport etc then let me know and I’ll get my chauffer to sort you out :-)
I went to the Geneva conference last week.
There were two hundred clubs represented, and one sevco.
They made a mockery out of Scottish fitba.
One sevco.com
Dirtymac- I see clearly what you mean, last year v Dundee Utd they we hopeless, that team has been wiped out and, as you say, journeymen and 2nd rate kids have replaced them.
This could very quickly spiral out of control as the kids will start to hide and the journeymen will be exposed for what they are, the 2 goals last night were dubious- from an incorrectly awarded corner and a typical McCulloch dive- eagerly obliged by O’Reilly to “even up” the Kyle red card.
This is going to be fun.
Anyway enough about them, the REAL football is tonight.
I think this is the article (isn’t opening at work)
However [this] has an extract from it…
Joan Oliver, Barcelona’s previous chief executive, explained the risk of transfers by what he called the “one-second rule”. The success of a move on the pitch is decided in less than a second. If a player needs a few extra fractions of a second to work out where his teammate is going, because he doesn’t know the other guy’s game well, the move will usually break down. A new player can therefore lose you a match in under a second.
Away to catch a flight. Might look in after check-in. Will be in the air, (deo volente), while the game is on tonight and won’t get the score until Heathrow tomorrow morn.
Hope I’m reading good things! Good luck.
Al
Good post by Murdochbhoy this morn,
http://www.youtube.com/watch?v=_meOwyOZxDE
Will he finally be demoted from offering his bollocks on BBC Question Time to being the mainstay of BBC Scotland Sportscene?
For the 33rd time, I demand to know…the Scottish public NEEDS top know.
The problem with getting put of a cup sponsored by pawnbrokers is you are unable to redeem yourselves
Don’t sack McCoist, Ali McCoist
I just don’t think you understand
Don’t sack McCoist, Ali McCoist
Or you won’t have a riot on your hands
Hamiltontim
Thanks HT I will keep that in mind, it’ll be November before we can come over always good to put faces to the CQN names..
s if by magic oldtim calls me… o))
SP
forget ML3
G72 is the place to come for a good night…
SP
HT is not a face you would want to put a name to…. o))))
blantyretim
Is Blantur G72 noo, I’ll be popping out then is is safe for Sammi lookalikes oot there!!
LonghairCSC
Neil Lennon insists Celtic can make an impact on Champions League ahead of Benfica clash
Three former winners of Europe’s premier club trophy were drawn alongside each other in Group G of the Champions League but for Celtic and Benfica, who open their campaigns on Wednesday night at Parkhead, the savour of the past is much less important than the prospect of progress in the company of the much bigger beasts who now stalk the competition’s long grass – such as Barcelona, clear favourites to win the section.
By Proddy Forsyth 9:11PM BST 18 Sep 2012
Benfica made it as far as last season’s quarter-finals and gave Chelsea a tough fight at Stamford Bridge, despite being reduced to 10 men by the dismissal of Maxi Pereira, before being edged out 2-1 on aggregate.
Celtic, meanwhile, were operating in the Europa League but although they did not qualify from the group stage, their only defeats were inflicted by the tournament’s ultimate winners, Atletico Madrid.
Both clubs have since exported more players – Benfica gained £48 million from the sale of Axel Witsel and Javi Garcia to Zenit and Manchester City respectively but lost their two most influential midfielders – not that manager Neil Lennon places much store in the notion of a weakened Benfica.
“They’ve got quality and depth. I don’t think they lost Witsel and Garcia by choice, I think it was more by necessity,” said the Hoops manager. “They’ll still come here with an excellent side full of quality players. I don’t really want to talk about Benfica though – I’d rather talk about my own team.
“We’re here to compete, we’re not here to be also-runs or make up the numbers. We might not get this opportunity for another wee while so we have to make the most of it. I don’t think they’ll underestimate us because we’re Scottish. Celtic at home against anyone is a fixture that should be respected.”
Lennon’s demeanour was notably less fretful than at the weekend, when his ire was roused by the 2-1 defeat by St Johnstone. “I was in a bit of a mood after Saturday but I don’t want to dwell on that,” he said.
“The players are feeling it now and I’m excited for them. It’s just fantastic for the supporters and the club to enjoy these type of games again.
“Against St Johnstone we had a bad day. Three or four of them who have played at a very high level didn’t do it and it was a wee bit surprising. I’m expecting that to be a one-off.
“Our performances in Europe have been good recently and I hope they don’t show Benfica too much respect. I don’t want them to be fazed by it.
I just want them to play their natural game and if we do that we can be a match for anyone. This is a step-up in class, there’s no doubt about that, but this is why we’re here. We’re at home first and getting a win would be a great start to the campaign.”
Kris Commons, one of the very few to escape the manager’s ire in Perth, admitted that the allure of the Champions League had drawn their eye off the ball in domestic fixtures. “There has been complacency in places in the SPL and our minds have not been fully focused,” said Commons.
“This is all new to myself and a lot of other lads. You are always worrying about being injured and about all the negative things which might stop you playing in such a huge competition. It is a distraction which we need to learn to manage because the best players just get on and do it.
“I think as soon as you put the Champions League kit on with the different badge and listen to the music then we will be fine. This is the biggest club competition in the world. If you can’t get lifted for that then you need a kick up the arse.”
Commons in the inspirational form he can produce would be a major asset to Celtic. Georgios Samaras, usually allotted a specific role in European ties, is absent through injury, as are Joe Ledley and Beram Kayal, although Scott Brown will return to wear the captain’s armband.
“It’s a little bit thin for my liking but we’ll still be able to put a strong team out, although we might have to look at changing the system,” said Lennon. “I don’t want us to be the whipping boys of the group. I don’t actually think we will be. I think we might surprise a few people.”
And how will Lennon respond to his first taste of the Champions League group stage as a manager?
“In this line of work you don’t have time to dwell but I’d like to take a minute to reflect and say I’ve come a long way in a short space of time. I am going to make the most of it,” was the answer.
KEY BATTLES
CHARLIE MULGREW v OSCAR CARDOZA
Mulgrew has been one of the most reliable defenders at Celtic Park in recent years and offers a threat going forward and from set-pieces. However, he has been nursing an Achilles problem in recent weeks which is not ideal when you are up against one of the most potent strikers in Portuguese football. Cardoza, 29, who was linked with a £20 million move to Chelsea this summer, scored in a 1-0 win against Celtic in Lisbon when the two teams met in the 2007-08 Champions League and will again pose a threat.
SCOTT BROWN v PABLO AIMAR
Brown is another Celtic player who has been playing through the pain barrier. An ongoing hip problem needs to be managed, but Celtic boss Neil Lennon is a huge admirer of the Scotland midfielder’s drive and energy and will ask him to help win the midfield battle against the talented Portuguese side, which will not be easy. The skill and experience of Aimar, the veteran Argentina international, is sure to provide the home side with a stern test.
GARY HOOPER v EZEQUIEL GARAY
Hooper has yet not reached top form this season but scored one of the goals to help Celtic beat Helsingborg in the Champions League play-offs. The former Scunthorpe striker comes alive in the box and will have to be at his best if he is to get any joy from 25-year-old Argentina international Garay, the bedrock of the Benfica defence, who signed from Real Madrid last year and who has posted warning to the Parkhead side by saying: “Do we want one point in Glasgow? No.”
SP
no T in Blan ir
ffm- Tomo will be very high up in the public’s estimation after that superb doorstepping of McKenzie.
Except 1 person, that deranged old fool Blotto, who is still trying to stain Tomo’s reputation in a pathetically rambling piece this morning, anyone who wants to waste 2 mins of their life knows where to find it.
Cognitive dissonance , stress , delight and disappointment———–
Spent yesterday fighting the urge to bet on Anderlecht winning at 6-1 . Ended up going for the draw at 3-1 .Watched the game fearing that Anderlecht would score . Half empty stadium . Milan jeered at the end.
Malaga -home win —in the bag early -relax ..
Porto —- away win -never in doubt —relax .
Real / Man City draw —— very close -no cigar .[ Di Maria is a player ]
Fact / Quiz fans ——
PSG 4 – Kiev 1 ———- Ibrahimovic scored . He has now scored in the CL for six different clubs ———— Ajax / Barca / Inter / Juve / PSG / Milan.
Fabulous performance from the wondrous Pastore —— football player !
blantyretim
Posh Hamul’in version..
GOD BLESS THE QUEEN
OF THE SOUTH !!!!!!!!!!
Anyone think we should get Juninho over to sing or at least do the Paradise Windfall before the Barcelona game! I think he still owes us something and that would go some way toward repaying his EBT;)
HH
goldstar10
Aye, I’ll give that one a by :)
I particularly enjoyed the vehicle door manoeuvre usually employed by “Kelvin’s” employees at times of tragedy, used to great dramatic effect here. Having seen them in action when my partners lost her child a few months ago, I found that bit quite amusing.
How odd that he was so aggressive against such practices! The sign of a bad employer – oblivious to how his staff do their job.
I also think it is important to note his words to AT at 02:34. “…Alex, you still employed?”
He must be running scared now he knows his pals are happy to see him take the blame. But who did he phone before making that comment?
Tonight’s the night!