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| The Board - general discussion (including Res 12); notes from the AGM | |
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| Topic Started: 15 Jul 2014, 12:03 AM (1,414,893 Views) | |
| brianlara67 | 12 Sep 2014, 08:24 PM Post #2601 |
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Getting on a bit
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I would question SPLOB's package on two fronts: 1 his package in relation to company turnover is very high. If the CEO of the company I work was paid the same as Pedro as percentage of turnover they would be on a package of £430 million. Funnily enough they are not 2 and what skills exactly to you require to be a CEO of a football club? Set up the business model? Well it is a football club. Where your company operates is set in stone, You can't exactly decide to move into the German market and play football there. Or decide to become a NFL team. You can't really diversify into restaurants. Nope you are football club and the success of the company depends on success on the field which requires employing the right players - which isn't your remit (who knows in Pedro's case) Nope that is down to someone called the manager. Ah but you are responsible for appointing said manager. You could hire a head hunting agency to do that. In short you don't have to be a CEO genius to be a football club CEO. And yet our CEO gets paid a million a year to manage a business turning over £65 million. Edited by brianlara67, 12 Sep 2014, 08:27 PM.
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| murphio | 12 Sep 2014, 08:37 PM Post #2602 |
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Could start a row in an empty room
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Any reason why we only received 5m in cash from a 17m gain on player sales? Seems a small amount.
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| herbert viola | 12 Sep 2014, 09:37 PM Post #2603 |
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Retired and now a BT Sports pundit
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its not really murphio. It works like this: - you buy a guy for a set fee, say 4m. You amortise the value of that contract over its term, of 4 years, so charge "amortization" to income of 1m per annum. (youll also pay it in instalments over the next 4 years). - at end of year 3, youve 1m remaining on the balance sheet, as an intangible from player contracts. - you then choose to sell the guy for 10m, and agree a payment schedule for the fee with another club. - if its a 4 year deal, with no contingency, theyll pay you 4 or 5 fixed instalment amounts over the term of his new contract of 4 years, some upfront, some at the end of year 1, 2, 3 etc. - so you might end up getting pure cash upfront of say 2.5m (1/4 of 10), but your profit on sale will be 9m. (10m sale price less 1m value remaining on his existing contract). That explain it?
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| Henry Trumpington | 12 Sep 2014, 09:52 PM Post #2604 |
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Occasional Substitute
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Celtic's annual turnover is roughly equivalent to 2 Tesco Extra's. In relative business terms, PL's salary/bonus is obscenely generous. |
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| murphio | 13 Sep 2014, 12:07 AM Post #2605 |
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Could start a row in an empty room
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Yeah I understand how the charge to the profit and loss column works... but the small amount of cash received seems low when you consider the market we sold these players to. Less than a third of cash up front? |
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| Bawman | 13 Sep 2014, 01:51 AM Post #2606 |
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Class is permanent.
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Is say that's about right. Most clubs don't pay with large wads of cash because that's not how they bring it in. |
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| herbert viola | 13 Sep 2014, 02:33 AM Post #2607 |
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Retired and now a BT Sports pundit
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agreed Bawman. Ive seen a few contracts, and payments are generally straight line over the players new contract. if you think victor was say 12m, thats 3m per year, plus 1.25m for Hooper plus about 500K for Wilson - that comes close to the money they have disclosed in the cash flow statement of just over 5m. |
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| Klepton | 13 Sep 2014, 04:19 AM Post #2608 |
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Considering retirement
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More of the "we're being financially prudent by pissing £15m of Champions League money away" patter
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| Wee Red | 15 Sep 2014, 02:25 AM Post #2609 |
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not too serious
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A lack of leadership, effort, foresight, expedience, and professionalism, failed to fill the Hooper hole ahead of Legia and even Maribor. This was negligence on both football and business fronts, then there was the amateur hour spin to cover this massive and damaging folly. Seems like he thinks that his remit is only to sell efficiently to balance the books, to hell with footballing success or full happy stadiums. |
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| remy mcswain | 15 Sep 2014, 08:44 AM Post #2610 |
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Big in Canada
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It is a sad fact that the two biggest crowds at CP this season will be Scotland games. Still, Peter an add the ground rental to operational highlights. |
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| OBK | 15 Sep 2014, 04:30 PM Post #2611 |
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Everyone's Fantasy Football first pick
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Don't think the board are doing a bad job! |
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| Bobby Peru | 15 Sep 2014, 04:35 PM Post #2612 |
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The Maestro
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Depends how the cup draws go
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| Milton | 15 Sep 2014, 04:41 PM Post #2613 |
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Considering retirement
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It's funny because it's true.
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| Belgrano | 15 Sep 2014, 06:00 PM Post #2614 |
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-
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From http://www.celticfc.net/news/6656 Operational Highlights: *Winners of the SPFL. *Participated in the UEFA Champions League, having played 6 home European matches (2013: 6). *28 home matches played at Celtic Park (2013: 30). *Scottish Cup Final and SPFL League Cup Final held at Celtic Park. *The Celtic Way officially opened in May 2014. *Successful hosting of the Commonwealth Games opening ceremony So 3 of the 6 "operational highlights" from last season involve a stadium that the PLC inherited. And, from the other 3, 1 involves fulfilling our home league and cup fixtures, 1 involves a competition that we used to qualify for, and 1 for winning a one-horse league? At least the "financial highlights" (i.e. selling off any talented players we have) were enough to justify Lawwell taking home another £1m this year again, eh? |
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| popeyed | 15 Sep 2014, 07:00 PM Post #2615 |
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Climbing walls while sittin' in a chair.
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Look, the league hasn't got a sponsor and the season ticket prices were frozen. Let it go. |
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| ChristyMoore | 15 Sep 2014, 10:39 PM Post #2616 |
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Considering retirement
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Can't find the GB thread, but is that their section sorted? A boy who is pretty close to them mentioned something about it today. I may have picked it up wrong though. |
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| seaneh | 15 Sep 2014, 10:51 PM Post #2617 |
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Considering retirement
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They'll be in 111 on Sunday
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| thegreenwalrus | 15 Sep 2014, 11:09 PM Post #2618 |
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First-team starter
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Perhaps not a popular viewpoint, but I think the board and Lawwell are generally doing a very satisfactory job. |
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| Ess | 16 Sep 2014, 08:29 AM Post #2619 |
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Abooganza!
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They have a lot of dissatisfied customers |
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| prettygreen | 16 Sep 2014, 08:42 AM Post #2620 |
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and white upon my chest
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which would normally lead to someone accepting the blame or change of personel in most other jobs |
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Any reason why we only received 5m in cash from a 17m gain on player sales? Seems a small amount.




8:50 AM Jul 11