This graph is very interesting. Look at 2015-16. Their wage bill as a percentage of their revenue is enormous. They also make a loss.
When Rodgers came in, the wages went up by 50%!
£10m?Rogers and Dembele going since then will have brought that down a good bit but still unsustainable without CL money.
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
£10m?
£46m still way out the box.
What would that be to turnover?
it's all relative to be fair.
Their wages to turnover ratio is alot, lot less than ours for example
Rodgers was on £2m p.a.You think Dembele and Rogers were on £10M a year combined?
That's £200k/week.
Rodgers was on £2m p.a.
https://www.dailyrecord.co.uk/sport/football/football-news/celtic-break-bank-hand-brendan-8017062Don't think it would be as low as £38k/week.
it's all relative to be fair.
Their wages to turnover ratio is alot, lot less than ours for example
No, I don’t, I was deliberately exaggerating, replying to a poster saying a “chunk” would’ve came off their wage bill.You think Dembele and Rogers were on £10M a year combined?
That's £200k/week.
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 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
All figures are comparable above, I’ve used the total wages and salaries cost for each football club and it covers all staff.
That’s irrelevant mate.So they were winning leagues with a wage bill millions more than the rest of the league combined.
What an acheivement .????
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.
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.
So basically Celtic have a wage bill more than the rest of the league combined? Oh, to be "cash rich" in a diddy league!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)
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.
He is worth it for them, has the authorities and media dancing to their tune and they benefit massivelyRemember 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.
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.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.
Not just one club.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
What ever happened with Gutman going to Celtic?We spent:
Goldson - £3m
Katic - £1.5m
Helender - £3.5
Edmundsom- free
Tav - £200k
Polster - free
Flannagan - free
That's what £10m get you.
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.
£60m wages in SPL is not a great idea...
Tend to agree, as it stands their financial advantage is not helping them.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
Tend to agree, as it stands their financial advantage is not helping them.
Wonder how much they're paying holycom?When are the new set of accounts due ? As they won’t be paying the idiot have in charge the £2m that payed Rodgers
it's all relative to be fair.
Their wages to turnover ratio is alot, lot less than ours for example
Not so sure. Think we were around 40% they didn’t turn over £100m plus or did they?
DB, if we were to win the league I would love to play the same teams that they have had to play to get to the group stage. I would be extremely confident of beating anyone of 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.
But what about hollicom wages..Rogers and Dembele going since then will have brought that down a good bit but still unsustainable without CL money.
financial doping anyone?So they were winning leagues with a wage bill millions more than the rest of the league combined.
What an acheivement .????
Interesting to note from the their 2018 accounts, Lawwells salary of £1.15m was topped up with £1.4m through a bonus plan for UCL qualification...glad last night hit him personally....he was due to pick up this pot in Dec 18 for a cool £2.3m.
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.
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
but how much is in the Irish based parts of the business? Tax avoidance at its finest like Amazon etc.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.
Imagine that may not be true but I dunno, Michael ball was never played again due to an appearance clause that would have triggered another payment to Everton. Can't see how you can have a payment in your accounts that might never happen.I think you can put the transfer fee straight into the accounts even though it may be paid in instalments.
I don't
Imagine that may not be true but I dunno, Michael ball was never played again due to an appearance clause that would have triggered another payment to Everton. Can't see how you can have a payment in your accounts that might never happen.
This graph is very interesting. Look at 2015-16. Their wage bill as a percentage of their revenue is enormous. They also make a loss.
When Rodgers came in, the wages went up by 50%!