You win five-in-a-row and go 24 points clear but it’s not until you propose to build an architecturally pleasing hotel and museum that the penny begins to drop with some that you are, in fact, an exceptionally well run football club.
I loved reading how we are interpreted on the other side of the city in yesterday’s CQN Magazine article, Simply Depressed:
“Commercially trolling us now. Light years ahead in income plans.
“It’s a source of revenue (and a fantastic bit of PR)….. It can pull an entire local community together and actually create new followers.
“If we ever get our act together, it will take years if at all to get anywhere near them financially, we can slaughter Lhiewell (sic.) all we want, but the bottom line is he is delivering for them.
“It’s a good initiative, having a hotel allows you to have certain events that were not previously possible. Media and corporate sponsorship will increase, new hospitality packages will be created, money from concerts will increase, supporters will hire function rooms and stay the nights more often.
“Just feel we are getting left behind commercially and will be seen as the poor football relation in Glasgow…this one highlights the growing gap between us and them it’s depressing.”
Pulling this together has taken years. Internal voices have dampened expectations during this period, a few times over the years I’ve heard: “There’s a long way to go, remember “floating pitches and super-casinos”” – a valuable lesson, thanks, Sir David. Celtic didn’t want to break ranks on this until the necessary money and commercial partnerships were lined up.
Don’t think this will see The Celtic Triangle finished, either, this is just the next step. The club have learned lessons from every noteworthy stadium of every sport in the world. European club football facilities miles behind where top US sports are at present.
We’re not there yet, but we’re on the road, and this is one journey that’s very enjoyable.
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BT Sport @ 8pm-Catholics v Convicts……..about a famous US college football game….
You should never criticise a person till you’ve walked a mile in his shoes.
.
.
. Then you can say what you like, cos you’re a mile away.
.
…. and you’ve got his shoes ;-))
NEGANON2 on 23RD FEBRUARY 2017 3:19 PM
I cannot see that there are any moral issues around Celtic’s management of tax liabilities and to say “It strikes me that for many of you morals only apply to someone else – i.e. those attached to other clubs, using EBTs etc. but not to Celtic. “Giving away” tax” is disingenuous even for you.
Celtic have not been involved in any form of tax evasion (to my knowledge) and when the use of an EBT was evident they sought advice and made the appropriate changes and restitution.
Celtic’s accountants legally use the current taxation laws to benefit the business (therefore the Club) and, it would appear, pay all taxes due.
As for the transparency, Celtic have already stated (on more than one occasion) that all profits will be re-invested in the Club. Unless they publish their forthcoming business plans (and give others the jump on them), what else do you want them to say?
KTF
VFR800a8
Put (over)simply,tax is charged on profit.
Profit=income-costs.
Money invested on infrastructure,plant,etc is a cost. As such,it is deducted from our income like all other costs such as wages,consumables.
Dunno why NEGANON has his knickers in a twist over it,he knows the above to be true.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 23RD FEBRUARY 2017 6:19 PM
Not according to his post yesterday; it was explained so and he pointed out my “laughable” grasp of accountancy.
KTF
VFR800a8
Obviously I credit him with more intelligence than he credits you(!)
Hmmm.. some legitimate discussions on the Walfrid Astoria and vegetable portions.
I intend to live forever. So far so good.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 23RD FEBRUARY 2017 6:31 PM
Neg comes across as an articulate and intelligent guy; I would assume that it would be fairly enjoyable to have a good debate with him over a few beers. The difficulty is that it’s often difficult to get the tone of a post across effectively in writing.
I see Ernie Lynch in a similar vein.
Both are juxtaposed against the “happy clappers” and I just wish that even one time they could come on and say something positive about the way the club is run!
Over and above that yer man is apparently fae the Drum, so cannae be too bad!
KTF
Neganon might have liked a wee trip to Lisbon in May if only ‘Peter Lawwell and Celtic Plc hadn’t encouraged the Portuguese to build it so bloody far away’…
Davidopoulos on 23rd February 2017 5:06 pm
GEORDIE MUNRO
I just looked that up and passed it off as my own fact. I have built a career in this way
——–
A career at the Daily Record awaits….
Sandman:
VG -:))
VFR800 IS NOW A MONSTER 821 on 23RD FEBRUARY 2017 6:04 PM
NEGANON2 on 23RD FEBRUARY 2017 3:19 PM
Celtic’s accountants legally use the current taxation laws to benefit the business (therefore the Club) and, it would appear, pay all taxes due.
I take it we will all go on our way rejoicing should the Big Tax Case be decided in THEIR legal favour.
Problem with tax is that there should be no legal means of avoidance, evasion or just plain dodging.
VFR800 IS NOW A MONSTER 821 on 23RD FEBRUARY 2017 6:40 PM
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 23RD FEBRUARY 2017 6:31 PM
Neg comes across as an articulate and intelligent guy; I would assume that it would be fairly enjoyable to have a good debate with him over a few beers. The difficulty is that it’s often difficult to get the tone of a post across effectively in writing.
I see Ernie Lynch in a similar vein.
Both are juxtaposed against the “happy clappers” and I just wish that even one time they could come on and say something positive about the way the club is run!
Over and above that yer man is apparently fae the Drum, so cannae be too bad!
How is the club run?
Was the ambitious recruiting of Brendan and a bit of splashing the cash proactive, or was it reactive to sluggish SB sales?
KTF
QUONNO on 23RD FEBRUARY 2017 6:47 PM
Celtic are using the tax laws the way that Parliament intended.
Aggressive tax avoidance schemes* seek to use tax laws in a way that Parliament did not intend.
That’s the difference.
*Like the one our old pal Peter Lawwell, a director of the Celtic Foundation, used, albeit unsuccessfully.
Hope the hotel staff will be paid the living wage.
QUONNO there are tax regulations that individuals and companies use to maximise profit and income whilst reducing tax liabilities. Nothing in that is illegal. I have no issue with that.
If th Government change existing or create new tax legislation then tax management will also change. I have no issue with that either.
Abusing legislation to illegally evade tax is another matter. Rangers (IL) did that. I have an issue with that.
KTF
Maybe we can start the European Champions League for hotel football teams.
QUONNO on 23RD FEBRUARY 2017 6:51 PM
A bit of both?
KTF
These newspaper guys absolutely hate it when CQN Magazine looks at this stuff…
THE HERALD AND EVENING TIMES PUBLISHER SUFFERS HUGE CIRCULATION DECLINES…http://www.celticquicknews.co.uk/?p=32826
RNIE LYNCH on 23RD FEBRUARY 2017 6:51 PM
QUONNO on 23RD FEBRUARY 2017 6:47 PM
Celtic are using the tax laws the way that Parliament intended.
I have no doubt that the laws are framed in the way that Parliament intended.
However, that does not make the laws right.
A wee aside on tax.
Apparently there are green shoots of recovery in the oil exploration industry in British Coastal Waters. Should these fine fellows who have offloaded hundreds of staff pleading poverty be allowed to indulge in evasion, avoidance and dodging when they start raking it in again?
Auldheid if you’re around, i went to see ‘The Founder’ earlier. It was good!
Buying up the land is a smart idea!
ERNIE LYNCH on 23RD FEBRUARY 2017 6:51 PM
AFAIK the tax scheme you refer to was retrospectively declared unlawful and Oeter Lawwell (and others) paid the outstanding tax they were due.
JTF
Evening all
Just on to say that after Next Wednesday I shall be taking a break from contributing to CQN until Easter Sunday. I cannot imagine I will be missed in the way that Aw Naw and Kitalba (and others) are missed and recognise that I am hardly one of the most exhilerating of contributors to the blog . In recent months my most significant contribitions have been to be compared to Ally McCoist by the Cardinal Ximenez of the Bush (BPOI) and to incur the wrath of the esteemed Green Man after I was a bit grumpy with him.
I am really enjoying this season and yet I have not enjoyed quite a lot on here in recent months. The spats of a fortnight ago really p**sed me off and at times whilst I am impressed with the knowledge on display here some of the contributors can be a bit , well , overbearing and at times condescending especially on political matters. I cannot even begin to bear the thought of how this place will be should the Supreme Court rule against HMRC.
I am though goung to try something more positive during my Lenten Abstinence than just giving up CQN – I am intending to read all of the New Testament. I am familiar with much of it but I have not read it in its entirety. I have taken my faith for granted in recent years and it is I feel it is time to revitalise it and can think of no better means of reconnecting than by going to the source. And as someone who is fairly well read it is a disgraceful omission from my list of books read. I do not quite know where this will lead but I am looking forward to it- and as one who has read all 7 volumes of Remembrance of Lost Time on the bus too and from work 2 years ago I am sure I can get away with reading it as I make my way too and from that place I earn my crust.
I shall though be on quite a lot before Ash Wednesday- I will try not to get red carded.
Jimbo67
http://uk.businessinsider.com/pope-francis-better-to-be-an-atheist-than-a-hypocritical-catholic-2017-2
Celtic buy the land, get planning permission for hotel etc, then sell it with said planning permission at a capital profit and no need to be involved in expense of running the place and employing people.
RON BACARDI on 23RD FEBRUARY 2017 7:04 PM
You forgot… and take a share of the royalties/profits.
VFR800 IS NOW A MONSTER 821 on 23RD FEBRUARY 2017 7:01 PM
Yes, that’s correct.
It was an aggressive tax avoidance scheme.
An unsuccessful one.
‘The avoidance of tax may be lawful, but it is not yet a virtue.’
Lord Denning
JIM PAYNE on 23RD FEBRUARY 2017 7:01 PM
Jim, you are good till the First Sunday of Lent – when Lent actually begins. The days between Ash Wednesday and the First Sunday are preparatory days so your Lenten Fast or Abstinence can be delayed till then.
It gives you one more game to debate next weekend.
In a similar vein, the Lenten Fast or Abstinence doesn’t have to be applied on a Sunday as that is a day of Worship and as such isn’t strictly Lent. That would give you clearance for the huns game!
KTF
JIM PAYNE
I enjoy your posts Jim don’t do yerself down, if everyone brings something to the party then it’s a party..right:))
See you after Lent
HH
QUONNO, correct me if I am wrong, but I get the impression that your disquiet is with the actual taxation legislation and how it benefits and permits people and companies who can reduce their tax liability. That, IMHO, is another issue.
That’s a matter of making representation to have tax law changed. In the meantime, the legislation is their to be used to full advantage of anyone who wants do so.
KTF
For Neganon to come on here and criticise the morals of Celtic FC for deliberately using available cash reserves to finance capital expenditure projects, instead of simply letting it fall subject to increased taxation, merely betrays an agenda that stinks of criticising for the sake of it.
When a company reaches a position where the directors are faced with an abundance of cash in the bank as a result of excessive profits, and thereby a potential increased tax liability, it is normal for that company to say, now let’s look at spending money on some of the things we have only been able to talk about and wish for before now.
Celtic is no different. They have talked for some time about developing the stadium footprint, especially the idea of the museum. Now they can say, should we use the extra cash we have now to finance that project, or should we let it lie and face an increased tax liability.
It’s not a question of doing the right thing by the UK taxpayer, as Neganon so risibly asserts. Only a fool would believe that, or someone to entrenched in a hateful agenda that he can’t see the wood for the trees. Or as in Neganon’s case, both.
VFR
Thanks for info. As I am on tne late shift at work next week I probably would not been on much anyway!
Jimbo67
——
Hey ! Lay Off Poor Ernie….
Can’t You See His World Is Collapsing Around Him….?
Labour Up For A WHOOPIN’ In The Stoke By-Election….
Jo Br*nd Leaving The Gingerbread Cottage In Croydon….
To Shack-Up With Yon Failed Comedian And Blues Singer….
Now George Galloway & His Magic Fedora Have Gone ROGUE…!
Coming Hard On The Heels Of Gorgeous George’s Ringing Endorsement Of Nigel Farage’s Policies..
He’s Now Backing The DONALD In His War On The Fake-News MSM….
http://www.express.co.uk/news/world/770753/George-Galloway-Donald-Trump-media-biased-Donald-Trump
Wee Spell In The Priory Beckons..?
—–
Ajax 1 Plastic Poles 0
Sixty Minutes Till Victor Devours Those Soft-Centred Belgian Chocolates..
——
As always catching up,but can you imagine the amount of one night sleepovers that a hotel would generate,birthdays,anniversarys,special occasions,every bhoy and ghirl wondering what to get their other half,easy option for a Celtic daft fan is a night at CELTIC:-))
Paul67 et al
Does anyone on here know of someone with a Scottish background, who knows a bit about building Hotels?
If so we should get him on board.
Auldheid
There is no over simplification.
We employed an assistant manager as our manager after NL resigned and it took Celtic PlC 5 days to react to that publicly. NL in my opinion obviously didn’t like the plan.
And with foresight at the time many supporters including me did not think Ronny was capable of taking us to the next level. Basically because he was not employed to do so nor did he have the experience to do so. In the circumstance I have him my support as Celtic manager as it was IMO not his fault he was employed. But Pster the downsizing bonus collectors. Not a mistake of Peters but part of his plan to just do enough and keep collecting his bonus.
I don’t need all the facts confirmed. I will never be in a position to know all the facts. I have my view and my perception. Others will have theirs. That is their perogative. But like me their views and perceptions are also born without all the facts.
A fact though. Ronny was interviewed for the position of assistant manager to NL. Confirmed by NL. He was then employed as manager. That should never have happened and should never again happen at our club!
MWD
Evening Timland from a thunder storming hun free mountain valley.
MB
Best of with your recovery, it’s a dawdle, or so Mrs TET tells me :-)
HH
…………………………………….
NA2
While I understand your dilemma, I see it somewhat differently than you do.
I don’t expect anything from our suits, they are parasites imo, you will get feck all from parasites.
Good at their job if that entails making money.
The hotel complex is just another brick in the wall, we are a money making enterprise first and foremost, a football club second, sadly this imo will always be the case.
It’s 2017, money is god, hand on your heart can you see it ever changing ?
If not, why expect what you will never get.
HH
WINNING CAPTAINS on 23RD FEBRUARY 2017 6:59 PM,/b>
It’s no surprise to see the the Evening Times and Herald dropping sales; they have a cheek, IMHO, to class themselves as journalists.
There is no evidence of real investigative journalism in Scotland any more and precious little in the rest of the UK either.
They reap what they sow!
BENDIGO on 23RD FEBRUARY 2017 7:02 PM
Thanks for that link; I like the way our Pontiff is not afraid to criticise those he thinks are in need of it! Long may it continue!
KTF