Wage costs

Gringo

Well-Known Member
I’ve read as well from various different sources that the mhanks have huge cash reserves? I’ve read figures varying from 60 to 80 million quid?

Surely that can’t be the case?

I understand they have raked in fortunes in recent years, Armstrong, VVD fee percentage, Rodgers compensation, Dembele, Tierney.
 

Big Buff

Well-Known Member
it's all relative to be fair.

Their wages to turnover ratio is alot, lot less than ours for example
Only during years with Champions League participation.

Wait until last years accounts are published. Then we'll know for sure how true that is, as we were both in the EL groups.
 

ChinaskiBear

Well-Known Member
All piss taking of them aside-ish.

That's a fucken absurd wage bill for a team in Scotland, that is a level of spending we should never really be near again.
I agree. Its crazy. I bet there new signings will be on good money as well. The CH will be.
 

Macdonsj

Well-Known Member
They bought a player at £7m that didn't even start.

That said player will be on around £30-35k per week.

Keep it up timbo

that the line this morning for the Lennon defenders
"board didn't back him"

despite £10m spent on defenders on the bench
Lb on the bench to play someone who was horrific at Ibrox at LB
delicious tears
 

mark hateley

Well-Known Member
that the line this morning for the Lennon defenders
"board didn't back him"

despite £10m spent on defenders on the bench
Lb on the bench to play someone who was horrific at Ibrox at LB
delicious tears
We spent:

Goldson - £3m
Katic - £1.5m
Helender - £3.5
Edmundsom- free
Tav - £200k
Polster - free
Flannagan - free

That's what £10m get you.
 

tazzabear

Well-Known Member
You think Dembele and Rogers were on £10M a year combined?

That's £200k/week.
No, I don’t, I was deliberately exaggerating, replying to a poster saying a “chunk” would’ve came off their wage bill.
I’d read when Rogers was still there that he was on £2m a season.
Dembele, I’d say, £3m would still be exaggeration.
 

BlooBlood

Well-Known Member
Good post on Kerrydale Meltdown:

"Celtic's summer strategy for one position: release a left-back, sell a left-back, buy a left-back who isn't a left-back, play key midfielder at left-back, lose £30m."

They will dissolve into a puddle of tears when we win 55.
 

Gogso

Well-Known Member
They can afford it though as their revenues are through the roof compared to the rest of us.

Whether they are getting value for money for their wage bill is certainly another argument :eek: :D
Their revenues will again take a huge hit without CL income. We win 55 this season and they will have to undertake an even larger cost cutting exercise. And thats before CA costs in terms of legal fees, compensation and potential sponsors walking away.
 

Valley Bluenose

Well-Known Member
All figures are comparable above, I’ve used the total wages and salaries cost for each football club and it covers all staff.
Cheers for clearing that up mate. I get a copy of our Annual Report but I’m away from home right now so don’t have access to it. So long as we are comparing apples with apples then all’s good.
 

Vamos_buffalo

Well-Known Member
So they were winning leagues with a wage bill millions more than the rest of the league combined.
What an acheivement .????
That’s irrelevant mate.

They won the leagues no matter what way you look at it

Look at all the top leagues. Most winners have millions more on wages than probably 90% of the rest
 

Drumchapel-Bear

Well-Known Member
Their revenues will again take a huge hit without CL income. We win 55 this season and they will have to undertake an even larger cost cutting exercise. And thats before CA costs in terms of legal fees, compensation and potential sponsors walking away.
They will be fine. Tierney sale offsets the CL revenue loss.

Just in the same way Dembele offset it last year.

I don't particularly care about the PLC's financial position though when their team is getting progressively worse with each passing transfer window whilst we get stronger.
 

DeeCeeTee

Well-Known Member
Seen a load of comments on Facebook and twitter about their wage bill - see below for the official amounts per the last set of accounts.

Wage costs per the last set of financial statements (and date of financial statements):

Celtic £59.3 million (June 2018)
Rangers £23.0 million (June 2018)
Hearts £7.0 million (June 2018)
Hibs £5.3 million (June 2018)
Aberdeen £8.6 million (June 2018)
Kilmarnock £3.1 million (May 2018)
So basically Celtic have a wage bill more than the rest of the league combined? Oh, to be "cash rich" in a diddy league!
 

El Bufalo

Well-Known Member
I’ve read as well from various different sources that the mhanks have huge cash reserves? I’ve read figures varying from 60 to 80 million quid?

Surely that can’t be the case?

I understand they have raked in fortunes in recent years, Armstrong, VVD fee percentage, Rodgers compensation, Dembele, Tierney.
Looking on Stockopedia they have £42.6m in the bank in 2018. I assume that's before they missed out on the CL last year.
 

defender

Well-Known Member
Remember these results are for the season before last and that their wage costs for 2018/19 were meant to be much higher.

Also worth pointing out that Lawwell is on £22k per week.
He is worth it for them, has the authorities and media dancing to their tune and they benefit massively
 

georgedoors

Well-Known Member
They will be fine. Tierney sale offsets the CL revenue loss.

Just in the same way Dembele offset it last year.

I don't particularly care about the PLC's financial position though when their team is getting progressively worse with each passing transfer window whilst we get stronger.
Eh that won't happen the scum didn't receive all the transfer fee upfront and is based on appearances and other clauses and he is out until October as it stands now. He will also be found out pretty quick that he isn't up to the standard.
The dembele transfer was also between player and the club part of the deal to take the player to the club
 

talkingsportsjacket

Active Member
That’s irrelevant mate.

They won the leagues no matter what way you look at it

Look at all the top leagues. Most winners have millions more on wages than probably 90% of the rest
Not just one club.
They have made sure they have had a free run with zero competition.
In the words of Harry Redknapp "it was farcical"
 

RFC4ME

Well-Known Member
A team with a wage bill of 59 million a year in a league where a team make about 3.5 million a year in prize money is asking for bother.

Celtic can spraff on all they like but they are a team who literally geared themselves on the idea they would be playing CL - they altered their stadium to account for such magical nights.

Them not being in the CL lessens the value and platform for their players who they pay excessive wages to..

Ha fucken ha - shower of cunts.

And you know who knows how big an issue this can become..... not making Europe.....

Us.
 

DeeCeeTee

Well-Known Member
Good post on Kerrydale Meltdown:

"Celtic's summer strategy for one position: release a left-back, sell a left-back, buy a left-back who isn't a left-back, play key midfielder at left-back, lose £30m."

They will dissolve into a puddle of tears when we win 55.
 

Aurelius72

Well-Known Member
I could really get used to this. After years of cringe and humiliation on our side, we’re now the strong team, excellent coaching staff and full of optimism (albeit a tricky on going merch situation - not the end of the world though).

They are well and truly entering the banter years. TLB losing the dressing room, runaway wages and lost revenue and no sign of improvement. Lovely stuff.
 

Gogso

Well-Known Member
They will be fine. Tierney sale offsets the CL revenue loss.

Just in the same way Dembele offset it last year.

I don't particularly care about the PLC's financial position though when their team is getting progressively worse with each passing transfer window whilst we get stronger.
Tend to agree, as it stands their financial advantage is not helping them.
 

Drumchapel-Bear

Well-Known Member
Eh that won't happen the scum didn't receive all the transfer fee upfront and is based on appearances and other clauses and he is out until October as it stands now. He will also be found out pretty quick that he isn't up to the standard.
The dembele transfer was also between player and the club part of the deal to take the player to the club
Ok
 

Drumchapel-Bear

Well-Known Member
Tend to agree, as it stands their financial advantage is not helping them.
They're not in any financial trouble at all currently as they're selling assets to offset any lost CL revenue. It's obviously not a sustainable model though if they don't bring in good players that they can sell on again for big fees. I'd expect them to really trim down their costs in the coming seasons.

If we were somehow to win the league and get into the CL it would totally transform our club financially. We would have no debt whatsoever and millions and millions in the bank.
 

Big Buff

Well-Known Member
The fact that transfer fees are paid in installments are exactly why Celtic need such a big cash reserve. The Tierney money is split £10m this year, £10m next year and £5m the year after that, according to The Athletic.

So they need cash to cover the shortfall that not making the CL incurs. It's why they keep a big cash reserve.

All the while, they're downsizing.
 
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