figures are out

Club is still financially secure and no risk of liquidation and our club dying like the huns did. Good.

 

Well we paid off more debt last season alone, than we did from 2005-2014 but the club didnt think to include it as a "highlight" on the website article.

That should tell you what they want * to think

 

There will never be a risk of liquidation,unless someone like Mike Ashley buys into the club.

 

Keep hun chat in the hun thread please

 

Hold on a minute. Aren't you quite a good poster who usually hits the mark when I read his stuff?

If so - what the * is all this about? * packet accounting and speculative assumptions that og1 would * die to lower himself to.

I'm sorry mate, but that's absolute garbage. Or have you spectacularly found in one post the reasons our entire board of financial professionals have missed?

I get people just think they hold the keys to everything but come on to *

 

It does highlight the precarious nature of spending big on players in anticipation of qualifying for the UCL. We'd take such a big hit if we don't qualify. I mean our team was good enough to qualify this season, we just performed poorly that night. I don't think an expensive striker would have made a difference. Just seems like such a tough job finding the right balance. I think all things considered I'm happy with the board even though I was disappointed with the transfer window.

 

Cheers for the compliment Roy.

Ill hold my hands up and say I'm still peeved at the board from the transfer window and I am ranting with little thought.

My theory though is based on past revenues, where we make 75mill (approx) when we have a decent champions league showing.
Why our board are happy to see us with a revenue of 50million when a relatively small investment in to the squad could see the profits rocket?
An extra ten million invested in to the squad last year could have seen us in the cl and earning more than double the investment.

It's all a risk, of course, but surely one worth taking?

 

Thats always been the case, making big additions to the wage-bill and spending on transfer fees gambling on CL qualification has always been a massive gamble that could go pearshaped and cause 2/3/4 years of damage - hence why it's never been done.

Imagine for example this upcoming summer, if we kept all our players but spent £3million apeice on 3 new players on £18k a week each, thats us adding £12million to one years accounts and £3million more to another 3 years after say. If we failed to qualify for the Champions League we'd end up making a loss of £10million or so, meaning we'd probably need to use up £5million in overdraft and get a new bank loan of £5million or we'd need to sell £10million worth of players and lower the wage-bill by about £50k a week to get back to running as normal. If any or all 3 of those big signings turned out diddies it would probably damage us for atleast 3 years if not more, would really be massive damage, could be undone if we qualified for the Champions League the following year though but then the likes of Lawwell and the board would be sitting sweating * it through the qualifiers knowing that we must qualify - would be like you gambling half your yearly income to try and get a nice holiday for your family for free and * up then having to do it again the next year just to make up for the money you lost the year before - not the right way to survive.

 

Wouldn't think it's anywhere near that. 30k to 36k maybe. A lot of people haven't renewed and go pay as you go when sevco went bust. Season ticket guaranteed your ticket v them. I expect we will shift more next season when there in the league so people are guaranteed there ticket. I work away so can't make all the games but when sevco were there I paid my season ticket so I knew I'd be at they games. Now you don't need to and there's no problem getting tickets for whatever game. Thatl change next season

 

I would say before the club starts taking bigger risks we have to learn how to cope with teams that spend less money than us....we got bumped out of the CL last year and this year by clubs that spend less than us so lack of money is not our problem just now.
Ronny and the team are still learning and the club should wait before taking bigger risks....imo.

 

Maybe Lawwell and Bankier could downsize their salaries along with the rest of the operation

 

To win he league we don't have to invest big that's why we haven't. I agree though we should have invested and pushed away. We could have put ourselfs years ahead of our next title challenge when they come up. Now as it stands if they invest 10 ( not likely) wisely next season they could genially challenge. We have only ourselfs to blame with not pulling away. If they come up and spend money though I genially think that's when we will start spending aswell
. Then we will get better quality

 

Good to hear the PLC board backing the Celtic Trust for their continued hard work..

For me the Trust is the future of our club, it will take time but the only way forward is a financially sustainable club run solely by us, the fans.

In the meantime the PLC is doing a good job of running a successful PLC we should all get behind the Celtic Trust.

 

Interestingly in those accounts we only brought in £400k less in Matchday income than we did in 2013/14. Which means we probably sold atleast a couple of thousand more season tickets than we did the year before considering we were in the Champions League in 2013/14 and weren't in it in 2014/15 so you'd have expected Matchday income to drop by £2/3million not just £300k which means £2-3million must have been made up by more fans going to games or buying season tickets than the previous season (season ticket sales in 2013/14 were 43,072)

If you mean this season, there is no chance there is only 30-36,000 season ticket holders. We've had more season ticket holder than 40,000 season ticket holders every season since 1995/1996 and probably had around 45,000 last season, so they wont have dropped by 10-15,000 in one season, if they did the stadium would be half empty at best.

 

Money wise season tickets aren't a massive for our cash flow. It does generate a lot I suppose probably 17 to 20 million. It's the champions league money that we need tbh. Hopefully next season sevco do spend a bit of cash as itl make our board make funds available.i firmly believe as soon as they think sevco might challenge then we will blow them out the water.

 

Why should they?forget the team for a minute,they're business men and they want to make money,as long as they keep winning the odd league/cup,they're happy

 

I was at some games last season and tbh there was maybe 28k there. That's the reason I thought he we must not have a lot of season ticket holders as we have had before . Our problem is everyone knows we are going to win the league so when the bad weather comes in a lot of ppl look out the window and think ma not today. I've done it myself. People loose interest as there isn't any must win. Games really. And that would happen with any clubs fans. We moan when we get 30k attendeces. I'm reality for the league we are in and it already won its still brilliant for me. Look at ac Milan etc there stadiums empty most weeks. A lot of epl sides don't get 30 odd k every cpl of weeks

 

The problem with saying spend wisely is you never know how wise a signing is till after you've made it so it's understandable why we don't gamble more than we can afford to lose no matter how infuriating it seems when we don't qualify for the CL. It must be so tempting but I'm glad we're keeping a steady hand. Mind you you could mean wisely as in strikers instead of midfielders when we have enough of them.

 

Imagine the cowboys who'd be in charge if they were earning less though. We are lucky to have very good * running Celtic.

If we had a random group of 5 fans we'd probably be crippled financially or non existant, we'd a snuffed it years ago :smiley-laughing002:

If we had some kind of daft businessman we'd likely get the pish ripped right out us by everycunt. Lawwell actually negotiates very good deals considering companies have the right to bully us as they know we're a wee diddy scottish team who need all the money we can get. Probably why even the SPFL used him to negotiate the current TV deal. A wee * would get the * took right out them when trying to negotiate big sponsorship deals or player sales or new signings. Lawwell has good respect in European football and is known to be one of the top guys.

We could probably get some numpty board members who only cost £500k a year rather than £1.5million or whatever it is the now but they could cost us who know how many millions if they cant negotiate new sponsorship deals or are bullied into accepting less or paying more for players or giving new players higher contracts than they should because they're pressuring us etc