After winning their four League Cup group games, Partick Thistle were battered on the opening day of the Championship at St Johnstone. A draw followed against Morton, but since then they won their three games against Ayr United, Ross County and Raith Rovers. St Johnstone look to be in a league of their own this season, but if Thistle win their game in hand, they will move three points clear of the pack in second place.
That means they are in form and will relish the chance of a home cup tie against League Cup holders and Scottish champions, Celtic. The wild weather due in Glasgow over the weekend will also give encouragement to the home side.
On paper, Thistle should not offer much resistance to Celtic. They don’t have the kind of money that even the likes of Kairat possess; I looked back a decade in Transfermarkt but there was not a single paid incomer in that period. You will recognise one of the frees they brought this summer – Tony Watt. 13 years after that goal, Tony signed for Thistle, the 14th senior club he has appeared for, which is quite a stat for a player who is still only 31.
Whatever ails Tony, he is a player who has talent which is greater than his messy CV suggests. He is good on the ball, can roll a defender and knows how to make the most of a big stage.
You and me might go on about 1967, but when Thistle fans indulge in history, it’s a League Cup game against Celtic they talk about. Celtic were red hot favourites that day but went down to a record final defeat. Learn from history and book a place in the semis, Celtic.
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Mmmm……without going cover-to-cover in both reports I’ll hazard and say it doesn’t exist?
Alas, your mind is again full of pitchforks rather than logic.
Because there is no previous comparison does not mean the data doesn’t exist, only that it’ has never before been put in the public domain – because a company chooses to disclose something that hasn’t been disclosed before doesn’t mean the figure is wrong, misleading or “random`’. On the contrary, it has to be auditable, hence you accusation is pretty bold.
So, if the equivalent figure has never been published in previous years’ accounts, how can you say the one published this year is “random” – you have no proof or basis for that accusation.
I loved how you answered a question with a question, which is usually a sign of someone having no clue what they’re talking about. Hopefully you’re not doing your usual and making stuff up for the sake of “scaremongering”.
Its not about the money you bring in, so long as the money is generated from the business (not money from rich folk) . its what you spend on the football departmental that is restricted to 70%
Nicholson looks like one of the dodgies from the Starmer party!
Chairbhoy
Thanks for that…but…I still can’t see the “non football related income”..
Sorry if I’m coming across a bit thick here…
Be better with a No Deal Brexit then we won`t need to worry about CL humiliation from nearly Chinese pub teams!
STEPHENBHOYBOY
Thanks for answering
That’s what I thought…
It’s just how I’m trying to understand when we keep calling it “football related income”
As far as I’m aware we’ve had no “non football related income”..,which means..as far as I’m concerned we can spend 70% of our “total” income…
Just makes it easier to see how much we actually have to play with…..
then Celtic would be in breach by £16 to £18m. bloody typo.
No edit facility after God knows how many years! grrr
31003 on 19th September 2025 10:35 pm
Tontine Tim Thanks for answering…I was typing at the same time your answer came through…It’s the bit I don’t understand…A 50p gross profit on a pie sold on the premises is still football related income to me….its bought by a supporter of the club…..wouldn’t be bought unless he was there to buy it while watching the game….
*again but is hard to define, I would also say sponsorship is non football although technically it is, look at it this way, take Glasgow airport for example, Parking and Hospitality inside the airport footprint are known as non aeronautical, as are the shops taht sell goods Celtic Shop etc,, ticket sales belong to the various airlines but they do have to pay a portion for being there as well as landing and apron parking fees, they ARE aeronautical, oh and a share of the enforcement fees as they come under airport and NOT bylaw revenue ok, as I said its a bit harder to define for football.
31003 on 19th September 2025 10:48 pm
STEPHENBHOYBOY
Thanks for answering
That’s what I thought…
It’s just how I’m trying to understand when we keep calling it “football related income”
As far as I’m aware we’ve had no “non football related income”..,which means..as far as I’m concerned we can spend 70% of our “total” income…
Just makes it easier to see how much we actually have to play with…..
UEFA call it football earnings and define it at
https://documents.uefa.com/r/UEFA-Club-Licensing-and-Financial-Sustainability-Regulations-2022/J.1-Summary-of-the-calculation-of-the-football-earnings-Online
Relevant income is equivalent to the sum of the following elements, as described in Annex J.2 below:
Revenue – Gate receipts
Revenue – Sponsorship and advertising
Revenue – Broadcasting rights
Revenue – Commercial activities
Revenue – UEFA solidarity and prize money
Revenue – Other operating income
Profit on disposal of player registrations and/or income on disposal of player registrations
Excess proceeds on disposal of tangible assets
Other non-operating income
Finance income
Foreign exchange result
Relevant income must be decreased if any of the elements listed in a) to k) above include any of the items listed in l) to o) below, as described in Annex J.2 below:
Non-monetary credits/income
Income transaction(s) above fair value
Income from non-football operations not related to the club
Income in respect of a reduction of liabilities arising from procedures providing protection from creditors
jojisa on 19th September 2025 10:44 pm
Kev bugger off adults talking……
Prestonpans bhoys on 19th September 2025 11:01 pm
jojisa on 19th September 2025 10:44 pm
Kev bugger off adults talking……
…….
That is the problem.
The adults canny think straight because of Kev.
Stephenbhoyboy on 19th September 2025 10:41 pm
Its not about the money you bring in, so long as the money is generated from the business (not money from rich folk) . its what you spend on the football departmental that is restricted to 70%
==============
The upside of FSR – screws Rangers.
No more lies
No more ebts
No more loans
That that cost loanees
Green or Blue ,rich and broke
FSR hurts that other bloke.
I thought Michelle was a Woman’s name as well.?!?!?
https://x.com/paulf256/status/1966962145070817400#m
FSR hurts that other bloke.
A bible guy talking about hurting folk.
Riiiight.
jojisa on 19th September 2025 9:46 pm
Res12/FSR/Punch&Judy = more boring guff that nobody will apply to the huns.
Au contraire mon enfant. Although you will be right if Rangers are not eligible to apply for any UEFA competition on sporting merit.
Still not got the stuff to mention the Old Firm £49 ticket scam were Celtic AND their fans agreed that Sevco are Rangers?
Res12/FSR/Punch&Judy = the huns will be huns and nobody will say boo about it.
We live in a time when intelligent people are being silenced so that stupid people won’t be offended.
jojisa on 19th September 2025 11:15 pm
FSR hurts that other bloke.
A bible guy talking about hurting folk.
Riiiight.
===========
Oh its you, the guy that has never yet visited the stall selling books for the hard of thinking in the Barras now located in the basement of the Oyster Bar in the Gallowgate.
Are you now shopping on line at Tam Shepherds Trick Shop for new masks instead?
Swithering between the Rat Mask or Chicken Mask
https://tamshepherds.com/collections/masks
AULDHEID on 19TH SEPTEMBER 2025 11:11 PM
“The upside of FSR – screws Rangers.”
They’ll be fine because they’ve changed their mindset while ours has us heading towards the same brick wall we were crashing into in 2004.
We need a responsible driver back at the wheel, not a manager with an outdated vision. Hopefully the next guy behaves a bit more responsibly.
No more reckless £42m spend
jojisa on 19th September 2025 11:21 pm
Still not got the stuff to mention the Old Firm £49 ticket scam were Celtic AND their fans agreed that Sevco are Rangers?
===========
Still not got the brains to realise you are a joke and Tam Shepherds Trick shop is more relevant to you.
I can play verbal tennis all day but the blog already are bored. So cheerio I’ve a question to answer.
Jesus, Ghandi, John Kennedy, Bobby Kennedy, Martin Luther King, John Lennon “Lets live in peace and harmony”…the swamp “BANG!!!!!”
https://x.com/VladTheInflator/status/1966339152569655609#m
George Carlin.
celtic40me on 19th September 2025 11:24 pm
AULDHEID on 19TH SEPTEMBER 2025 11:11 PM
“The upside of FSR – screws Rangers.”
They’ll be fine because they’ve changed their mindset while ours has us heading towards the same brick wall we were crashing into in 2004.
We need a responsible driver back at the wheel, not a manager with an outdated vision. Hopefully the next guy behaves a bit more responsibly.
No more reckless £42m spend
===========
Depends on your definition of fine. They will be fine as result of FSR introduced in 2022.
But not as fine as Celtic.
Auldheid on 19th September 2025 11:27 pm
….
I notice that you called me everything except a liar.
Ange in for Alistair Johnston
https://thecelticbhoys.com/celtic-player-tipped-join-ange-postecoglou-nottingham-forest
AULDHEID on 19TH SEPTEMBER 2025 11:29 PM
I think it was coming anyway, American sports franchise owners generally understand a business model. They might not get to grips with Scottish football but one thing they won’t do is run at a loss consistently
I hope we will be fine, we’re solid financially but too many years with europa league football and a failing trading model might have us in a bit of soapy bubble.
Chairbhoy on 19th September 2025 9:49 pm
Auldheid @ 9:35 pm,
From the published figures.
The Group’s revenue comprised £,000:
Football and Stadium Operations 61,202
Merchandising 30,061
Multimedia and Other Commercial Activities 52,334
The total of the revenue £143.6 mn, is mainly from football related activities.
If the total operating expenses is £117.1 mn it is some 80% of football revenue, then no way could we be breaching the FSR, not even close.
Of course, if you want to get the figures for FSR – what you need to do is extract the spending on player and coach wages and agent fees.
Add to that the amortised player transfer fees for 2024-25.
Then you would have your FSR figure.
Of course the annual results don’t go into that sort of detail, nor do they have a section on FSR compliance.
Yet, if you look at the cost control rule, which restricts spending on player and coach wages, transfers, and agent fees to 80% of club revenues.
It is hard to see that Celtic’s figure for last year would be over 50% of Club revenues while 80% was allowed.
Hail Hail
=============
I wasn’t suggesting any possibility of breach not with highest income in ages and cap at 80%.
Never have thought so but that unfortunately is the meaning being taken .
What I am trying to do is to get a better understanding of why the future matters and how that affects recruitment now.
Do you get that?
Think of the fans as a guy with a hamster feeding a hamster called The Board in a spinning wheel. The more they can feed him the faster the wheel spins.
The less the hamster is fed as the bag of feed runs out the slower it goes.
So to keep the wheel spinning at a consistent rate the hamster is fed at a lower consistent rate over time.
Its not rocket science.
The support and the Board are co dependents. Not separated.
in
jojisa on 19th September 2025 11:30 pm
Auldheid on 19th September 2025 11:27 pm
….
I notice that you called me everything except a liar.
=============
I would never call anyone who believed what they were saying is true a liar.
Mistaken perhaps but not a liar
Auldheid
Thanks for answering That’s what…
As far as you know…what percentage of our income would relate to these?…
Non-monetary credits/income
Income transaction(s) above fair value
Income from non-football operations not related to the club
Income in respect of a reduction of liabilities arising from procedures providing protection from creditors
….if any…
Chairbhoy on 19th September 2025 10:38 pm
31003 @ 10:31 pm,
Auldheid posted this yesterday evening….
Auldheid on 18th September 2025 6:45 pm,
============
Chairbhoy . That is the type of question that you could put to Comp Sec before the AGM From 2022AGM
Shareholders are reminded that they can contact the Company at any time during the year with questions or suggestions via investorrelations@celticfc.co.uk. Shareholders are welcome to submit questions in advance of the AGM via this email address, which the Board will endeavour to address at the AGM. We ask that all questions are submitted by no later than [A Date before the 2025 AGM ]. We ask that you include your full name and SRN in all communications with the Investor Relations Team
31003 Eventually spotted you question and answered. A lot to plough through
speculative non football relative income
the company did any of these things
sold a parcel of land on the edge of lennoxtown
gave up a rental agreement of a rented house for players in bearsden
closed down an old lease agreement for that celtic shop in greenock
park the bus – play on the break.
4-4-2 flat back four – diamond midfield.
And we can sell half the team and not miss them.
Is it not about time that we gave all of the unspendable millions over to the wee wummin in Ireland and became a football club again?
31003 on 19th September 2025 11:52 pm
Auldheid
Thanks for answering That’s what…
As far as you know…what percentage of our income would relate to these?…
Non-monetary credits/income
Income transaction(s) above fair value
Income from non-football operations not related to the club
Income in respect of a reduction of liabilities arising from procedures providing protection from creditors
===============
I took same line as Swiss Rambler as in the most obvious football earners would be in the earlier examples and the latter that require legal and accountancy expertise of less significant .
Can always ask your question if you are a shareholder to Celtic where MN and Chris McKay who were involved in development of FSR will know the answer:
Shareholders are reminded that they can contact the Company at any time during the year with questions or suggestions via investorrelations@celticfc.co.uk. Shareholders are welcome to submit questions in advance of the AGM via this email address, which the Board will endeavour to address at the AGM. We ask that all questions are submitted by no later than [A Date before the 2025 AGM ]. We ask that you include your full name and SRN in all communications with the Investor Relations Team
Animal farm.
https://odysee.com/@davidbombal:0/eu-politicians-exempt.-you%E2%80%99re-not:4
anyways
Celtic plc.
dessybhoy on 19th September 2025 8:40 pm
Auldheid
Why was it necessary for the figure to be 70% by yr3 and not 90%, surely if you aren’t insolvent what’s the problem, being within 10% of income to outgoings is fine to me or what am I not aware of.
==================
Finally. The staging of FSR from 90% to 80% to 70% was to allow clubs time to comply before 70% became the final cap.
UEFA’s Financial Sustainability Regulations (FSR) are phasing in a cap on how much of a club’s income can be spent on player wages, transfers and agent fees. This is called the ‘squad cost ratio’. The Scottish FA (SFA) applies these rules when granting UEFA licences each January.
Accounts Season (audited) Publication (Sept) Licensing Check (Jan) Cap Applied Meaning for Celtic
2023/24 Sept 2024 Jan 2025 90% Generous cap; easier to comply.
2024/25 Sept 2025 Jan 2026 80% Cap tightens; costs must be lower as % of income.
2025/26 Sept 2026 Jan 2027 70% Full cap in force; strictest test yet.
2026/27 Sept 2027 Jan 2028 70% Cap continues at 70%; sustainable model required.
In simple terms: the 2024/25 accounts (published Sept 2025) will be tested in Jan 2026 against the 80% cap.
From Jan 2027 onwards, the full 70% cap applies. This timeline shows the lag between when supporters see the accounts and when UEFA licensing decisions are made.