State of the Club Report, Summer 2022

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My friends in Celtic, a year ago I wrote, “Right now our chances of winning the league are probably 30% – held back by so many unknowns.”  The club had gone through a traumatic year in which we lost the league for the first time in a decade.  A new manager and chief executive were in place, our captain retired, while several of our most important players were angling for a move.

Under any normal circumstances, 30% would seem ambitious, circumstances were not normal, however, well not normal for the football industry, anyway.  Despite their year of trauma, Celtic were and are still run on a sustainable model, uniquely so, among clubs competing for the Scottish Premiership title.

A year ago I also wrote, “We can tip the balance in the weeks ahead”, a period which saw Carter-Vickers, Hart and Jota arrive, signings that would prove pivotal in the season’s outcome.  Celtic won the league because they had the sustainable structure enabling it to rebuild quickly.  It is that sustainability that brought Postecoglou, Kyogo and the other transformational figures to Glasgow.

No football club has a God given right to win.  They will certainly not win everything if they are competing against a club perpetually gambling with their own viability.  We lost our way in season 2020-21 and despite everything that went right last season, the title race was close, too close for comfort.

Newco looked dead on their feet (or hunkers, in one case), after they lost 3-0 at Celtic Park in February.  That night we reached the top of the table for the first time in the season and appeared unstoppable.  None of us saw the resilience Newco had to not only hang in there in the league, but cobble together an impressive run to the Europa League Final, and a sobering extra-time win over Celtic in the Scottish Cup semi-final.

Despite the title going to Celtic, Newco are entitled to believe they finished the season the stronger; for many reasons, they will be confident for the season ahead.

It has been so long since we reached the Champions League group stage without the difficulties of the qualifying rounds, our biometric systems are probably missing a summer of anxiety.  While everything was going well domestically last season, Europe was a blot on the copybook.  We exited CL qualification cheaply (and before recruitment was effective), suffered a sobering home defeat to German opposition (cough), while finishing third in the Europa League group, before truly humbling home and away losses to Bodo/Glimt.

If you are confident that we are ready for a crack at the Champions League group stage, you are made of sterner stuff than me.  Still, the golden goose resides on the Celtic Way.  Income will be determined by several factors yet to be confirmed, including performance and if another club from Scotland reaches the group stage, but, including gate receipts, I estimate we will earn £40m from the Champions League this season.

The club’s commercial department continue to ‘knock it out the park’ with each new round of deals.  Add in the Ange Homecoming Tour, and we know this season will produce Celtic’s highest ever income.  Income determines long term success in football, it is the climate, whereas results are the weather.

In the same State of the Club article last year, I also wrote, “What happens in [Newco’s} qualification tie against Malmo and if they progress, in the subsequent play-off round, will go a long way to determine how competitive the league race is over the next decade.  It is the sting in the tale of losing such a momentous title.”

You will probably not remember, so it is worth me going over the details of how that tie transpired.  Malmo won the first leg 2-1.  At halftime in the return at Ibrox, they were 1-0 down and had a man sent off.  Despite this, Newco managed to grab defeat from the winner’s podium; they missed out on the Champions League and the income it assured.

Despite this, a new manager and a new approach, allowed them to flourish in the Europa League.  As a consequence, the perceived value of their players increased exponentially.  They sold their best player for £6m and their best prospect for £20m, money that will enable them to recruit better and be stronger next season.

That transfer income and the considerable money earned from Europe last season will make Newco less dependent on shareholder loans.  It will allow the club to submit profitable accounts for the first time ever.  Such is their structural cost overhang, though, it provides only temporary relief.

They also have another crack at Champions League qualification.  If they get there, it is game on.  They are a club that previously always gambled beyond the edge of profitability, I expect them to throw everything at this season, irrespective of the consequences, in the hope of winning the title and through this, reaching the Champions League group stage in 2023.

Celtic will not follow them off the cliff.  We will continue to work on our own plans and in a sustainable manner.  But as you and I know, when you compete against a gambler, anything can happen.

As things stand, I am confident for the season ahead.  We retained all our important players, including those only loan, brought in a left back and a strong and experienced central mid.  I hear very encouraging things about Moritz Jenz, who it is hoped will become a big player for the club.

Crucially, the absence of European qualifiers enabled the squad to undertake more strength and endurance training than they would be able to do if they had competitive games to play.  Think back to all those tired players we watched last season.  A plan to address this has been executed.

So far, I think we have improve more than Newco.  Expectations of winning the title sit at 60%, which still leaves a black 40% waiting ominously.

I seldom look at the CQN reader numbers but at the end of the year I looked back and saw this enormous peak on 10 August, the highest number of 2021.  Curious, I typed “Celtic 10 August 2021” into my search engine.  Nothing.  I varied the search for a few minutes before it dawned.  That was the date Malmo won at Ibrox.

Some people will mock us for this, but you and I know better.  Football in Glasgow is a zero-sum game.  That Malmo win was hugely important in determining the outcome of the Scottish Premiership, season 2021-22.  If you don’t realise this, you have not been paying attention.

If Newco had Champions League income while Celtic were limited to Europa League money, all the parameters change.  This season’s qualification tournament will not be as critical, for Celtic, anyway, but it remains a key determinant in comparative competitiveness.

You are entitled to be proud at the way your club responded to the loss of our first title in a decade.  We have players, a manager, and a commercial operation that we have confidence in.  They cannot win everything and will make mistakes, but what an exciting time to be a Celtic supporter.

Take care and enjoy the season.

Paul67.

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  1. Sonofaderryman

     

     

    It’s a long time since I’ve felt as sorry for a Celtic player. I’m disgusted at some of our own, mostly on other blogs to be fair. Last week in the pub, I rhymed

     

    off to the eager detractors, five or six players of last ten years who were written off by many. These include Ralston, Forrest, Ajer, Christie, Starfelt and believe it or not Brown and McGregor pre Rogers .

  2. Just having a wee dram to end a nice night in with my wee precious and CQN.

     

     

    Jura 14 yo, 40% abv, American Rye Casks (although I read somewhere it was Bourbon!)

     

     

    Very nice it is too!

     

     

    Might have another!

  3. bigrailroadblues on

    THELURKINTIM, I’ll see you in September young fella. Enjoyed Saturday, good laugh. 👍

  4. While the huns are certainly a strong opponent- I don’t think last season was as close as is being made out. We had one hand on the league trophy after our win at Ibrox and I think there was 6 more games to be played. It may have looked closer but we had the title in the bag with a month to spare.

     

     

    I think we’re strong this season, our start last season won’t be repeated again so the huns will need to improve to stay to the pace. Im confident.

  5. prestonpans bhoys on

    An Dun

     

     

    Just look at the start of the season we had, should have been double figures difference at the end

  6. WeefratheTim on

    BELMONTBRIAN, CELTICMAC, BURNLEY78.

     

     

    Thank you for your lovely comments. Dot would be so proud of your opinions. HH

  7. PRESTONPANS BHOYS on 29TH JULY 2022 9:22 PM

     

     

     

    Exactly. Our worst start to a league in 25 years and we were 6 points clear come April.

  8. Superbru entrants now up to 64- waiting on the following to make their predictions by 12.30 tomorrow:-

     

    18 yard man, A thing of beauty, Angel Gabriel, Bognorbhoy, Gutenberg, McCaff, Raplochbus, Scaniel and Tirconnel and one prediction from Paddy’s Maw.

     

    Thanks and good luck to all!

  9. bigrailroadblues on

    Almore, least of your worries. Last time I seen TLT we were leaving the Braemar and he was cackling like a maniac with your season book in his hand.

  10. The returnof weeron on

    PHILBHOY on 29TH JULY 2022 9:18 PM

     

     

    Nice. If you can’t get an Islay dram, Jura isn’t far away….

  11. He’ll be out snorting vodka with his egg chasing chums and singing about how low their chariots swing…😜

  12. St Gilloise win 1-0.Top of the Belgian league.Could be anything next midweek.Looked very strong and tough tonight.

  13. WeefratheTim on

    Right ghuys, proof yesterday and today, without doubt, CQN is unquestionably the greatest Celtic blog on the planet. A credit to Paul 67 indeed. God bless every one of you. Night night. HH

  14. *PLAYER OF THE YEAR 2022-23*

     

    *COMPETITION STARTING THIS WEEKEND*

     

    Just a wee reminder that this season’s Player Of The Year competition officially kicks off in just 5 sleeps’ time 😊

     

    If anyone wants a full explanation of how everything works just email me at the address below and I’ll happily provide the detail. But the main points to remember are as follows –

     

    1. Importantly, its open to all and everyone to join in when they can. No need to register, sign up or pay fees as it’s just a bit of fun. No need to vote after EVERY game but just the ones you see. And you don’t need to be in from the start – join in any time so spread the word around!

     

    2. All each person does is watch the game, decide which 3 players in your opinion performed best on any given day and then stick the 3 names in an email to me at SENCELPOTY@GMAIL.COM .

     

    3. You don’t have to put your 3 nominations in order and neither do you have to explain your reasoning behind your pick. Whilst I’m always happy to read every email I don’t always have time to reply to everyone so those detailed thoughts might be better put onto the blog? Especially those lurkers who regularly join in on the voting 😉

     

    4. I then add up the votes cast and issue the results for that game, usually between 10.00pm and 10.30pm on the evening following the game. These will be posted on Sentinel Celts but, again, I’ve no problem if they are then copied elsewhere.

     

    5. For each game, the Man Of The Match (as voted by you, readers!) wins 5 points. Next best gets 4, next gets 3 etc. These points accumulate on a game by game basis to eventually determine our Player Of The Year.

     

    6. Finally, please remember that absolutely anyone is welcome to join in, whether you post on here, post elsewhere, lurk, or even just know someone who posts or lurks. So, I’m happy for you to encourage friends, family etc to have their opinions counted too.

     

    Finally, if anyone has any other thoughts, ideas or questions on this please feel free to contact me at SENCELPOTY@GMAIL.COM . You might get an ‘automatic reply’ but I’ll try and send a more personal one over the coming days.

     

    Thanks for reading this far.

     

    Jobo

  15. Great to see so many long time posters back.

     

     

    Reclaim the Bhlog CSC.

     

     

    MA:

     

     

    CSC = Celtic Supporters Club.

  16. 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