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The Board - general discussion (including Res 12); notes from the AGM
Topic Started: 15 Jul 2014, 12:03 AM (1,414,998 Views)
Midfield Maestro
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Retired and now a BT Sports pundit
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Emerald Oracle
31 Jul 2014, 12:20 PM
Midfield Maestro
31 Jul 2014, 12:12 PM
Emerald Oracle
31 Jul 2014, 11:47 AM

Quoting limited to 3 levels deepPosted Image
Are you actually accusing Celtic directors of financial malfeasance? :lol:

Celtic's accounts are audited. If you think that Celtic directors are squirrelling money away for themselves and then hiding this from the auditors, then I fear it is you who is the simpleton.

Disagree with their investment policy all you want, but this kind of stuff is tinfoil hat nonsense.
Do you not think there are ways around putting numbers on a sheet. That's like saying bung payments never exist because they aren't accounted for and not put on paper. No wonder clubs take the biscuit out of the customers who pay them as the average football customer isn't the sharpest knife in the draw.
Of course there are ways of committing fraud (which is effectively what you are suggesting). But you have no evidence and no reason to suspect that anyone at Celtic is involved in anything approaching that kind of activity. This is complete zoomer stuff. Celtic is actually the most transparently run football club in the UK (it being the only one still listed on a UK exchange, other than Rangers) whether you agree with the board's decisions or not.

The average football supporter isn't the sharpest knife in the drawer indeed.
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Emerald Oracle
First team training
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fatboab
31 Jul 2014, 12:37 PM
Emerald Oracle
31 Jul 2014, 12:20 PM
as the average football customer isn't the sharpest knife in the draw.
you are certainly providing plenty evidence of that. :thumbsup:
No, I'm not a customer for a start. Where is this plus 40 mil profit the club have made over the last couple of years? Its not on these accounts? Maybe Desmond wanted some of his money back he put in ten years ago or something, I don't know. Why doesn't someone on here have a go at explaining where it is and why the playing squad is starting to look like a lower championship setup.
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duffsticks
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Cheap aftershave and bullshampoo
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Antoninho
31 Jul 2014, 12:34 PM
Quite simply, The buy low, sell high policy DOES work. Celtic are just pish at it.
True on both counts. But part of the reason imo is the bulk of the squad does not fit with the buy low sell high policy.

How much will we get for Brown, Commons, Mulgrew, Izaguirre, Pukki, Stokes etc? Little or none.

How much of our footballing budget do they take up? A significant wedge.

The primary rule of any market-based strategy - you should be able to make a profit on everything you buy. If something isn't going to make a profit, then don't buy it. And if you've inherited something that isn't worth holding on to it, the money you spend maintaining it is wasted.

Granted, football is more complicated than that, and there certainly is value in keeping your dressing room leaders, provided you're not being held to ransom by them. As Idyllwild said, there should be operational targets as well, and they won't get met by selling all your best players all the time.

But when all is said and done, many of the highest earners at the club are also the least valuable, but they take up budget that could be used elsewhere.

I'm all for throwing in with the buy low sell high idea, if we really commit to it. But we're just paying it lip service just now.
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Mackin
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The Ginty McGinty genius
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Without giving the zoomer any credit, you dont need to commit fraud when you can get the renumeration committee to give you £1m pa without putting any real, measurable targets in place.
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green_equals_silver
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Bobinho9
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I can see the conversations next summer…

"I'm not renewning." "How?" "#Because"
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Emerald Oracle
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Midfield Maestro
31 Jul 2014, 12:44 PM
Emerald Oracle
31 Jul 2014, 12:20 PM
Midfield Maestro
31 Jul 2014, 12:12 PM

Quoting limited to 3 levels deepPosted Image
Do you not think there are ways around putting numbers on a sheet. That's like saying bung payments never exist because they aren't accounted for and not put on paper. No wonder clubs take the biscuit out of the customers who pay them as the average football customer isn't the sharpest knife in the draw.
Of course there are ways of committing fraud (which is effectively what you are suggesting). But you have no evidence and no reason to suspect that anyone at Celtic is involved in anything approaching that kind of activity. This is complete zoomer stuff. Celtic is actually the most transparently run football club in the UK (it being the only one still listed on a UK exchange, other than Rangers) whether you agree with the board's decisions or not.

The average football supporter isn't the sharpest knife in the drawer indeed.
Well you can continue to spend time and money going to watch a sub standard team on the park while the board keeps the money or whatever. And I believe an executive who is paid more than most players is fraud/theft so I'm right either way.
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Midfield Maestro
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Retired and now a BT Sports pundit
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Mackin
31 Jul 2014, 12:51 PM
Without giving the zoomer any credit, you dont need to commit fraud when you can get the renumeration committee to give you £1m pa without putting any real, measurable targets in place.
Fair enough, but that's not what he was suggesting.

There will be targets in place.
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Neil McCallum
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Craig Whyte CSC
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The $1.7 million dollar man must get binned, any clown can downsize.

Remuneration on that scale is obscene considering what he is presiding over.

The average pay for a Chief Executive Officer (CEO) is £98,494 per year.

If he can get better at Arsenal, let him go ahead.
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BombJack
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He twists, he turns, Tommy Burns...
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green_equals_silver
31 Jul 2014, 12:55 PM
I can see the conversations next summer…

"I'm not renewning." "How?" "#Because"
:lol:
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Mrs HF4Ls Biggest fan
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Formerly M74 Extension
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Zurawski 7
31 Jul 2014, 09:39 AM
"I think last night's result may have been on the cards. There has been no investment in the team."

"The last 6 months wasn't enjoyable. I started getting angry with the players which is not a good sign."

Neil Lennon speaking on @bbc5live
His commenst re this being on the cards are spoy on and exactly what a lot of posters on here have been saying for some time.

However, I thought he said he wasn't getting angry at the players anymore and that was a bad sign...he was laughing when he said it. However, I was in the car and may have misheard.

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One sharp cookie
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Buy high, sell even higher works well for clubs like Porto, Benfica and Shakhtar Donetsk, who sell their best players most summers but spend decent cash on replacements and the process starts again. Don't know why we can't follow that model.
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Zurawski 7
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Off treasure hunting in Holland
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One sharp cookie
31 Jul 2014, 01:23 PM
Buy high, sell even higher works well for clubs like Porto, Benfica and Shakhtar Donetsk, who sell their best players most summers but spend decent cash on replacements and the process starts again. Don't know why we can't follow that model.
they all have much much more money than us to owners and tv deals

porto have already spent 32m euros this summer
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arklys
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All I can see is these frustrating circular problems.

The budget for buying decent players is limited because crowds are dwindling. Crowds are dwindling because the team is shampooe.

We can't attract good players without the Champions League. We struggle to qualify for the Champions League because we don't have good players.

I really don't know the answer.
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Zurawski 7
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M74 Extension
31 Jul 2014, 01:20 PM
Zurawski 7
31 Jul 2014, 09:39 AM
"I think last night's result may have been on the cards. There has been no investment in the team."

"The last 6 months wasn't enjoyable. I started getting angry with the players which is not a good sign."

Neil Lennon speaking on @bbc5live
His commenst re this being on the cards are spoy on and exactly what a lot of posters on here have been saying for some time.

However, I thought he said he wasn't getting angry at the players anymore and that was a bad sign...he was laughing when he said it. However, I was in the car and may have misheard.

copied from twitter so you might be right
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Stringer Bell
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I probably bang on about this all the time, but my one sole expectation of the board is always to have the best possible team we can afford on the park. I understand the financial climate we're in, I understand the draw of better leagues is always there, but no-one could ever convince me that the team on the park last night is the best we can do.

We can attract better players than what we have and we can afford better players than what we have. It's getting the right person in the job and trusting him to go and find them. It won't be world beaters, but with a bit of savvy we can definitely assemble a better team than the one we currently have.

The problem we've had of late is the amount of money we've wasted on (no-one needs to read the list of diddies today), which has meant the Wanyama, ki, Hooper, CL money has been offset against some waste. That's always going to happen. Every signing is a risk, and the more outlay then the greater the risk.
We need someone in there who can be trusted to spend money - nothing crazy, just what we can afford - and put together a team worthy of the name. Because the bottom line is this, unless we get a decent team now, we are absolutely fecked if we fail to make the CL again. Once VvD and Forster go we'll have sold off ALL the crown jewels. There won't be much income stream heading our way unless we do something about it immediately.

Sadly, we've been caught short here. This has been coming and we've only ourselves to blame. Biggest games of our season they say? Start fecking acting like it then and get our shampoo together and stop taking everyone for a ride.
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thenakattack
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Emerald Oracle
31 Jul 2014, 12:56 PM
Midfield Maestro
31 Jul 2014, 12:44 PM
Emerald Oracle
31 Jul 2014, 12:20 PM

Quoting limited to 3 levels deepPosted Image
Of course there are ways of committing fraud (which is effectively what you are suggesting). But you have no evidence and no reason to suspect that anyone at Celtic is involved in anything approaching that kind of activity. This is complete zoomer stuff. Celtic is actually the most transparently run football club in the UK (it being the only one still listed on a UK exchange, other than Rangers) whether you agree with the board's decisions or not.

The average football supporter isn't the sharpest knife in the drawer indeed.
Well you can continue to spend time and money going to watch a sub standard team on the park while the board keeps the money or whatever. And I believe an executive who is paid more than most players is fraud/theft so I'm right either way.
:cuckoo:

If you think they are at it then contact the fraud office or the stock market regulators(as you seem to be suggesting they are lying in announcements) or the police.
Maybe you've cracked the case columbo.
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One sharp cookie
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Zurawski 7
31 Jul 2014, 01:27 PM
One sharp cookie
31 Jul 2014, 01:23 PM
Buy high, sell even higher works well for clubs like Porto, Benfica and Shakhtar Donetsk, who sell their best players most summers but spend decent cash on replacements and the process starts again. Don't know why we can't follow that model.
they all have much much more money than us to owners and tv deals

porto have already spent 32m euros this summer
The reason Porto have spent €32 m is because they've raked in a fortune selling Fernando, Moutinho and Rodriguez in the past year. If we speculated to accumulate like they do, we could be the same.
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Gonga
Older than dirt
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One sharp cookie
31 Jul 2014, 01:23 PM
Buy high, sell even higher works well for clubs like Porto, Benfica and Shakhtar Donetsk, who sell their best players most summers but spend decent cash on replacements and the process starts again. Don't know why we can't follow that model.
The worry for me is that we are now heading in to a situation where even domestic talent coming through at other clubs will not see Celtic as a worthwhile move
if they can get an opportunity down south, as we have seen with Robertson and Gauld moving away.

Whether or not we would have wanted them, we have sent a clear message to young Scottish players that we are only really interested in foreign projects as we
consider those to have a higher sell on value.

We will find that the best young Scottish players will only see Celtic as a step back, while we end up trying to compete in an ever more expensive market, dominated
by bigger scouting systems who will pick up the Wanyama's and the VVD's loooong before we get the chance, or have the balls to complete a deal.

Then we won't even be able to fall back on the young Scottish players who at least may give us 3/4 years of their best effort before looking to jump ship as opposed to
a player like VVD who is already eying his next move the moment he is pictured with a Celtic Scarf above his head.

We have wasted the last few years in my opinion, and in 18 months time we will be competing with the hun for the league again, only both of us will be a shower of shampooe.
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james95
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They can go and take a flying eff to themselves. I'm completely disillusioned with the whole shambles just now.
Edited by james95, 31 Jul 2014, 01:35 PM.
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Greenock_Celt
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The game is over, the rebels have won.
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One sharp cookie
31 Jul 2014, 01:32 PM
Zurawski 7
31 Jul 2014, 01:27 PM
One sharp cookie
31 Jul 2014, 01:23 PM
Buy high, sell even higher works well for clubs like Porto, Benfica and Shakhtar Donetsk, who sell their best players most summers but spend decent cash on replacements and the process starts again. Don't know why we can't follow that model.
they all have much much more money than us to owners and tv deals

porto have already spent 32m euros this summer
The reason Porto have spent €32 m is because they've raked in a fortune selling Fernando, Moutinho and Rodriguez in the past year. If we speculated to accumulate like they do, we could be the same.
They can get their hands on Brazillian players and let them play to their style much easier than we can.

Porto and Benfica also play in a better/much more competitive league than we do which adds value as well. There is no chance in hell of us spending even the 6 million we paid for Sutton and Lennon back in the day never mind double figures.
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