Spinning for trouble by Sky
I try to avoid those who really should be avoided but I caught the report of Peter Lawwell’s Sky TV interview on their website yesterday. The “No summer sales” headline was misleading in itself as our chief exec actually said “there is no real necessity to sell players now”.
We are a solvent and well-run football club, there is no real, or imagined, necessity to sell, but there is an enormous leap between this status and “no summer sales”. All clubs, not just Celtic, sell when an offer exceeds their valuation for a player and they believe the money could be more productively redeployed elsewhere. There is no necessity for Manchester City to sell players, not until the oil runs out in the Middle East, anyway, but they may still sell.
Best part of the article was from Charlie Nicholas, “I’m a bitter idiot. Listen, I’ll prove it…..”
I’ve translated that quote from the vernacular.
Loved newco Rangers accounts. £3.5m in the bank on 31 December, £1.5m loan since, so they have £5m to operate until the season ticket money comes in, which will just be enough, but cash burn is running at over £1m per month; close to £15m a year.
£30m-£50m is not enough.
Seville – The Celtic Movement:
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