I take it this guy doesn't know anything about the looming court cases and the compensation and legal fees that go hand in hand with it all.
With a bit of luck we might just have 1 round to qualify that's if a team wins the CL and have qualified through their league position I thinkAn important point,
The irony of them trying to kill us off & inadvertently boosting their own hubris to the point of self destruction is glorious.They are where they are due to their total hatred of Rangers.
I think they have qualified for CL in 2 out of 9 seasons
Their European performances & results especially last few years have shown a truer reflection of how good their team is.
But, they all ignored this on the basis that they we winning trophies domestically against no opposition & more importantly couldn't see Rangers winning again.
They thought they had finished us & that is all that mattered to them. It was no longer about how they were progressing it was all about them being safe in the knowledge Rangers weren't progressing & they believed we never would.
IF we can secure the title this season it will destroy them as a fan base. Financially, they are then left with hoping we can't qualify for CL & do they then take a gamble on how to get back on track which has no guarantees.
Whilst not winning trophies we could see with European results that Gerrard had something & it looks like it could be about to pay off
What do the Bheasts do next?
And surprisingly they got it up front in cash!.25m OT.
Duffy, Elyanousi, Laxalt are all loans so definitely go. Eduoard and Ntcham have made it clear they want to go. So has Ajer. Christie not so sure, he will be there next season for me. Brown has to retire. That is a huge amount of players for any team to have to replace. That is shockingly bad management. that doesn't include hte goalkeeping department Barkas doesn't look like he has the ability so for em they need a decent keeper as well. That is in effect 8 players they need to find.They’ll likely lose Ajer, Duffy, Elhamed, Laxalt, Brown, Ntcham, Christie, Elyanousi and Eduoard either before the end of January or in the summer.
Even though Ajer, Ntcham, Christie and Eduoard are all entering the final 12/18 months of their deals, I still think they’ll get £30/40million on for those 4 in total.
They definitely won’t be going into admin but they’ll be losing a massive amount of “talent” and downsizing. Whilst at the same time having a more difficult route into the champions league and trying to attract a good manager.
Get this league title wrapped up and invest money wisely this summer and we could be looking at dominating for 3/4/5 years.
Do they have the option to buy that Elyanousi? Him & Turnbull are really the only ones that look decent out the whole current squad.Duffy, Elyanousi, Laxalt are all loans so definitely go. Eduoard and Ntcham have made it clear they want to go. So has Ajer. Christie not so sure, he will be there next season for me. Brown has to retire. That is a huge amount of players for any team to have to replace. That is shockingly bad management. that doesn't include hte goalkeeping department Barkas doesn't look like he has the ability so for em they need a decent keeper as well. That is in effect 8 players they need to find.
They recruited well in Turnbull, a very good player. However if the two games in isolation are anything to go by they don't have a lot coming through the youth team. So they need 2 centre backs, a left back, two midfielders, a striker and a winger. Lot to find. Assuming they do find £35m from sales that is only £3m ish a player. Not a lot.
I also think selling players for big fees will be herder this year as clubs count the cost of Covid.
We can kick on here and have a few years in the limelight.
Not with Maxwell and Doncaster in charge for sure.Doesn't matter how atrocious their finances become. They will never, ever, ever be thrown down the divisions.
Well, they do like stealing things from other clubs and claiming them as their own - it started with players (Hibs at their formation), moved on to songs and then eventually the huddle.They’re trying to cram the banter years into one season No one could’ve seen a timplosion of this magnitude happening over such a short period of time. It’s glorious.
Fantastic business by them and exactly what saved their last accounts from being a disaster. They've no one to save them this time around though.And surprisingly they got it up front in cash!.
They need a Macleish type manager, one who can cut costs and still win things. That is hard to find and hard to achieve.It’s been amusing to watch them. In Kerrydale there was the usual nonsense about who they wanted but their expectations have gone downhill recently and the desperation to get rid of Lennon means they’ll accept almost anyone. It’s been a strange old season when they’ve gone from recently hoping for Benitez (no chance) to where they will accept almost anyone (except Roy Keane ).
This is spot on. Only qualifying for the CL twice in nine years is criminal for a club of their size, especially with the easier champions route open to them in recent years.They are where they are due to their total hatred of Rangers.
I think they have qualified for CL in 2 out of 9 seasons
Their European performances & results especially last few years have shown a truer reflection of how good their team is.
But, they all ignored this on the basis that they we winning trophies domestically against no opposition & more importantly couldn't see Rangers winning again.
They thought they had finished us & that is all that mattered to them. It was no longer about how they were progressing it was all about them being safe in the knowledge Rangers weren't progressing & they believed we never would.
IF we can secure the title this season it will destroy them as a fan base. Financially, they are then left with hoping we can't qualify for CL & do they then take a gamble on how to get back on track which has no guarantees.
Whilst not winning trophies we could see with European results that Gerrard had something & it looks like it could be about to pay off
What do the Bheasts do next?
Where are you getting the 430 000 from mate.Celtic were losing £430,000 every week last season. That is a season where they won* (half of) the league and done reasonably well in Europe. The losses for this season will be horific for them.
Probably profit / loss with tierney fee taken away then dividing it by 52.Where are you getting the 430 000 from mate.
For DD wasn't it Lennoxtown?I cant remember the last time an investor put money into celtic.
For DD wasn't it Lennoxtown?I cant remember the last time an investor put money into celtic.
Double post.I cant remember the last time an investor put money into celtic.
Duffy, Elyanousi, Laxalt are all loans so definitely go. Eduoard and Ntcham have made it clear they want to go. So has Ajer. Christie not so sure, he will be there next season for me. Brown has to retire. That is a huge amount of players for any team to have to replace. That is shockingly bad management. that doesn't include hte goalkeeping department Barkas doesn't look like he has the ability so for em they need a decent keeper as well. That is in effect 8 players they need to find.
They recruited well in Turnbull, a very good player. However if the two games in isolation are anything to go by they don't have a lot coming through the youth team. So they need 2 centre backs, a left back, two midfielders, a striker and a winger. Lot to find. Assuming they do find £35m from sales that is only £3m ish a player. Not a lot.
I also think selling players for big fees will be herder this year as clubs count the cost of Covid.
We can kick on here and have a few years in the limelight.
The figure is from their account accounts. A good analysis was done by Kieran Maguire on twitter. He does loads of clubs in the UK. I can't find the tweet where he lays the figures out weekly but here is the annual figure. It works out at £434,615 per week in losses.Where are you getting the 430 000 from mate.
We'll definitely have bad figures as well. The difference is that we know what is coming but the scum support seem totally oblivious to their predicament. Unless they manage to bring in some money during this transfer window I expect them to be a good bit worse than us.I don't think we can shriek with glee at their finances just yet.
Their cost based needs to be reduced, but if we don't trade a couple of players or progress to the CL, we will be in the same boat.
Fwiw I think we will get to the group stages AND sell players for decent money, but lots of variables can hit both of these things.
Where are you getting the 430 000 from mate.
We'll definitely have bad figures as well. The difference is that we know what is coming but the scum support seem totally oblivious to their predicament. Unless they manage to bring in some money during this transfer window I expect them to be a good bit worse than us.
Listen I think the current situations has helped as we have 4-5 investors who've shown a willingness to put cash in with little return short to medium term.We'll definitely have bad figures as well. The difference is that we know what is coming but the scum support seem totally oblivious to their predicament. Unless they manage to bring in some money during this transfer window I expect them to be a good bit worse than us.
Finance Guru: Rangers in line to become richest Scot club amid Desmond reveal – Exclusive
By
Adam Williams speaking to Kieran Maguire
-
21st January 2021 at 4:00pm
Dermot Desmond and Celtic shareholders have given Rangers a helping hand to soon become Scotland’s richest club.
So says finance wiz and new Football Insider columnist Kieran Maguire, speaking after a week of PR gaffes from the Hoops hierarchy.
A widely criticised trip to Dubai and subsequent press conference meltdown from manager Neil Lennon came amid Rangers extending their yawning lead at the top of the Scottish Premiership.
Celtic’s nine-year spell of dominance is collapsing, and so too is their financial advantage over Rangers.
Maguire believes that the Parkhead moneymen’s decision not to invest in the club during their footballing supremacy may have opened the window of opportunity just wide enough for Rangers to slip through.
He told Football Insider: “If the owner had put a little bit of money into the club, and he hasn’t put any money into the club for a long time now, Celtic could potentially have stretched the financial gap over their rivals to make it very, very difficult for Rangers to come back.
“They didn’t do that and now Gerrard’s side are clearly competitive and going to win the Scottish Premiership this year.
“I was on a radio show in 2018 and I said that Rangers just need one big season to eliminate the financial gap between themselves and Celtic.
“If Rangers win the Premiership and qualify for the group stages of the Champions League, that would not only be eliminated but I think Rangers could potentially overtake Celtic in terms of their ability to generate revenue.
“Although Europe is absolutely essential to that.”
Celtic’s revenue fell by 15.8% to £70.2million over the last financial year — a pre-tax profit of £100,000.
Rangers, by contrast, enjoyed an 11% upturn in revenue to £59m, although they posted a £15.9m loss.
The Light Blues are accelerating away from Celtic atop the Scottish Premiership, with the gap between the clubs now at 20 points.
In Europe, they have far outstripped their Glasgow rivals too, advancing to the first knockout round after Celtic finished bottom of their group.
With Lennon on a 1 year rolling contract if he limps on to the end of this season is there any pay off due?There are countless reasons we could turn the tables financially and while qualifying for the CL is a big part of it, it’s not the only variable.
- Rangers have business interruption insurance. Celtic don’t.
- Their fans are openly talking about not renewing their season tickets already. That won’t happen for Rangers. Rangers could bump the price after this year many would sign up blindly.
- They have a number of key components leaving or running their contracts down. They will all need replaced and they might not recoup the funds they hoped for when they sell.
- They have a number of court cases looming.
- I would suspect they had a bumper year on merchandise last year with Adidas. Not sure losing ‘the ten’ will see another repeat of that.
- They are going to have to sack Lennon eventually and pay him to go. He’s clearly hanging about for severance pay.
- Any new manager may require a compensation payment to their current club depending on who they target.
- We have a winnable tie in Europe so could conceivably take yet more money this year having already raked in more than them.
- And finally if we qualify for the CL via the champions path we can pour rocket fuel on our financial position.
On the plus side for their finance bods, they won’t have to pay out any league bonuses or additional ten in a row bonuses so every cloud...
With Lennon on a 1 year rolling contract if he limps on to the end of this season is there any pay off due?
He's due payment for a period of 12 months from the date they give him his notice.With Lennon on a 1 year rolling contract if he limps on to the end of this season is there any pay off due?
They're way overpaid by anybody's standards.celtic can't afford to spend money on players because Rodgers and Lawell gave the squad english premiership standard wages on Scottish premiership income, the two don't match. Many of their players are way overpaid by SPL standards.
Cheers grigo.In their last published accounts they made 100k despite 25m fee for Tierney TB.
So without him, a 25m loss, which is 400-500k a week, high level.
Thanks for taking the time to post this.The figure is from their account accounts. A good analysis was done by Kieran Maguire on twitter. He does loads of clubs in the UK. I can't find the tweet where he lays the figures out weekly but here is the annual figure. It works out at £434,615 per week in losses.
Which investors are putting money into celtic?Listen I think the current situations has helped as we have 4-5 investors who've shown a willingness to put cash in with little return short to medium term.
Celtic have to begin doing something similar. A lot of them banking on selling their assets, McGregor is the only asset they have playing ok, noone is paying stupid money for Edouard or Ajer so they have some tough decisions.
Their structure wouldn't allow for the loan to equity system, I imagine. Which is maybe a good thing in normal terms but now? Not so much
I think these figures are realisticI certainly don't find a £40-45m loss for them fanciful. It's exactly in the region I was thinking about.
With Lennon on a 1 year rolling contract if he limps on to the end of this season is there any pay off due?
My understanding would be yes unless he waives it or they have the terminated it already and simple run down some of the 12 months.
OH F@CK!Could they have him working in another capacity during the notice period.
Something like U21 or ladies team manager?
What will their Europa League earnings have ended up at?18M in the bank at June 2020. That’s gone. A 13M line of credit was opened in the same month.
No CL money, no EL earnings. No player sales, no match day hospitality. No signings in January, not hard to see why.
Celtic have the biggest cost base in the league by an absolute fucking mile, they’ll be making monumental eye watering losses each month. When Lawwell said they had been the most affected by the pandemic, this is what he meant. If their fans don’t renew in May, they have significant problems.
A perfect storm has wiped out a 10 year financial advantage.
If Gerrard can win a two legged tie to get us into the CL, it will be the greatest turnaround on and off the field any of us will have seen.
Oh, and how fucking sick will they be seeing and hearing the champions league theme at Ibrox next year after they shat the bed the last few years18M in the bank at June 2020. That’s gone. A 13M line of credit was opened in the same month.
No CL money, no EL earnings. No player sales, no match day hospitality. No signings in January, not hard to see why.
Celtic have the biggest cost base in the league by an absolute fucking mile, they’ll be making monumental eye watering losses each month. When Lawwell said they had been the most affected by the pandemic, this is what he meant. If their fans don’t renew in May, they have significant problems.
A perfect storm has wiped out a 10 year financial advantage.
If Gerrard can win a two legged tie to get us into the CL, it will be the greatest turnaround on and off the field any of us will have seen.
Thanks, I didn't really understand how a rolling contract works in terms of any pay off required so good to understand thatHe gets paid a weekly / monthly wage for 12 months from the date that they invoke his notice period. Whether he’s manager or on gardening leave.
I’d bet £££ that they've already triggered his notice period, they might also be trying to break him - in a hope that he asks to settle a la Mowbray - by keeping him in situ.
It would make me very happy to see thisI certainly don't find a £40-45m loss for them fanciful. It's exactly in the region I was thinking about.
He could always maintain the barriers!Could they have him working in another capacity during the notice period.
Something like U21 or ladies team manager?
What will their Europa League earnings have ended up at?
total | 7.304.774,00 € |
---|---|
matches | 190.000,00 € 570.000,00 € |
redistributed draws | 41.864,00 € |
participation | 280.000,00 € 380.000,00 € 280.000,00 € 2.920.000,00 € |
ten-year coefficient | 2.642.910,00 € |
total | 9.144.628,00 € |
---|---|
matches | 570.000,00 € 190.000,00 € 570.000,00 € 190.000,00 € 570.000,00 € 570.000,00 € |
redistributed draws | 167.458,00 € |
participation | 260.000,00 € 280.000,00 € 2.920.000,00 € 500.000,00 € |
first place EL group | 1.000.000,00 € |
ten-year coefficient | 1.357.170,00 € |