Purpolaris
Well-Known Member
20 million from stadium operations, in a closed stadium?
I read that as Dermot Desmonds laundry service.
20 million from stadium operations, in a closed stadium?
It's more the obvious downsizing we should be happy about.An 11m loss isn't the worst given the covid situation to be honest.
A loan from the Government perhaps?
I know we took up the offer from the Scottish Government as did most other SPFL clubs although it was noted at the time that they didn't appear on the list?
Joe Hart, best GK in world football now despite at least 4 howlers since he came in and numerous goals conceded.Good point. Realistically who do they have left that could go for £10m+
Yes that's what was reported at the time.They didn't take the government loan due to a freeze on directors bonuses etc plus their accounts being scrutinised every 3 months or something like that.
How can a stadium generate income during lockdown?
20 million from stadium operations, in a closed stadium?
Biggest sellable asset will be the Japanese striker and even then, you’d be pushing it if anyone’s making an argument he’s worth £10mGood point. Realistically who do they have left that could go for £10m+
I thought it was £11m but the point stands.Where did the £9.4M sales come from ? The full back went for £13M …
Plus £3M for Klimala ?
Possibly.A loan from the Government perhaps?
I know we took up the offer from the Scottish Government as did most other SPFL clubs although it was noted at the time that they didn't appear on the list?
The Group’s revenue comprised:
Football and Stadium Operations 20,825 35,797
Merchandising 22,609 15,042
Multimedia and Other Commercial Activities 17,347 19,394
60,781 70,233
Their merchandising went up £7.5m from previous seasons; wonder who is running their trophy centre today.
At a guess season ticket sales, say 40k season tickets at £500How can a stadium generate income during lockdown?
Prob offload Kyoko next summer for a profit they always seem to have one ! He’s about the only one left in that squad they can sellAs somone pointed out above, they are now out of sellable assets.
They face an extrenmely challenging period ahead.
I'm struggling to see how they could increase their merchandising by 50% in a Covid year, or any year tbh.
Would that not have included their 9iar tat and quadruple treble shit?I'm struggling to see how they could increase their merchandising by 50% in a Covid year, or any year tbh.
This lad, decent player, went from £300k to £11.5m in a year?First thing that jumped out at me.
Frimpong £11.5m
Klimala £3.85m
El Hamed £1m
= £9.4m?????
Okay, I'm being a numpty.At a guess season ticket sales, say 40k season tickets at £500
Patterson from nothing to £8m in the same time frame, with much less games and only a year younger. Not trying to argue, just suggesting it’s not impossibleThis lad, decent player, went from £300k to £11.5m in a year?
That’s a Kamara type leap.
I’d like to see what Leverkusen say they paid for him.
That's an awful lot of Glasgow City Council meeting.20 million from stadium operations, in a closed stadium?
£20m / 55,000 season ticket holders is….£363.Football and stadium operations = season ticket sales.
Hugh Keevins is always saying they ( Celtc) have millions in the bank, it doesn't look like that to me?
Essentially they’re doing reasonably okay financially due to player sales then?
You can tell from general discussion that a lot of Rangers fans are totally against that model, but there’s simply no way around it for us. It’s got to happen and I expect to see sales even as early as January if the money is right.
Total shot in the dark here but could Other Income be furlough money and/or similar grants received due to the pandemic?Total Loss £12.6m
Increase in Liabilities
Drop in Cash and equivalents.
Theres also, under Revenue - Other Income, a figure of £5m which was zero the year before. I can’t see what this relates to in the notes.
In other words, being as negative as possible, £5m has appeared without explanation under Revenue In this years figures, where last year‘s equivalent was zero. Why hide an amount of £5m under “Other Income”
Any ideas?
Loans are not income, but a balance sheet item.A loan from the Government perhaps?
I know we took up the offer from the Scottish Government as did most other SPFL clubs although it was noted at the time that they didn't appear on the list?
Income from a Business Interruption insurance policy triggered by Covid, perhaps?Theres also, under Revenue - Other Income, a figure of £5m which was zero the year before. I can’t see what this relates to in the notes.
In other words, being as negative as possible, £5m has appeared without explanation under Revenue In this years figures, where last year‘s equivalent was zero. Why hide an amount of £5m under “Other Income”
Any ideas?
What were we guaranteed from Castore, was it £5m a year or have I picked that up wrong?Not just player sales tbh. It definitely helps massively that they can sell a decent player for good money.
Their merchandise deal is a strong one as well.
What were we guaranteed from Castore, was it £5m a year or have I picked that up wrong?
£5m per year guaranteed, up to £9m (between £7-9m) depending on sales - from memory Tom or Phil Beahon said this.What were we guaranteed from Castore, was it £5m a year or have I picked that up wrong?
What the Arsenal keeper in simple terms?In Lehman’s terms….what’s their loss?
lol
Possibly but why not say so then?Loans are not income, but a balance sheet item.
Any money received as part of the furlough scheme would most likely be recorded as other income.- I would guess this.
but Tierneys money is not in 20/21 and that would be added if your argument is correct regarding year on tear bonus payments.
I agree it is normal practise but that makes the Klimala, Frimpong profits even more ludicrous.
Another possibility, but why not just say so? Just seems evasive to plonk it into “Other Income”Income from a Business Interruption insurance policy triggered by Covid, perhaps?
Biggest sellable asset will be the Japanese striker and even then, you’d be pushing it if anyone’s making an argument he’s worth £10m
So £16m was actually less than £10m.... Oh dear oh dear oh dearWhere did the £9.4M sales come from ? The full back went for £13M …
Plus £3M for Klimala ?
Was there not a quote from a German site that said closer to £3m?This lad, decent player, went from £300k to £11.5m in a year?
That’s a Kamara type leap.
I’d like to see what Leverkusen say they paid for him.
A 10 million loss isn't that bad considering the COVID situation. I find it strange they still made 50 million in revenue taking away player sales. Keeping in mind very little Europa league money due to poor form, I think you get about a million less for coming second in the league. No match day revenue. Very strange numbers
No, it’s saying they have £16 million in cash in the bank.So am I reading this right they have a debt of £16m with the bank?
Not sure, but that “Man City Chief” twitter page suggesting they (City) were getting approx £3m from the deal due to their sell on.Was there not a quote from a German site that said closer to £3m?
At least we’re not listening to £40m in the bank , TIAR, CL cash and players worth Mullyins……..They have a healthy cash position.
£16.2m.
Given Covid, like it or not, that’s not a bad set of books.
Their merchandise deal is strong, they can sell players for good sums and seemed to have survived the pandemic in relative shape.
Anyone got their wage to turnover ratio?
I don’t think they are.Joe Black has them sussed, I trust his findings. Timmy is financially in a bit of bother. Oh Dear.