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The Board - general discussion (including Res 12); notes from the AGM
Topic Started: 15 Jul 2014, 12:03 AM (1,414,981 Views)
Willie Wonka
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Slavery fled, oh glorious dead
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Klepton
3 Aug 2014, 08:34 PM
brogan
3 Aug 2014, 03:58 PM
aye fans will moan at lawell but ask them to unsubscribe from sky and theyd say id miss my epl..im a subscriber to sky and im not goin to do it of my own back but if someone from celtic asked for a boycott itd would be off straight away........id be tough but summat needs done
Sky are not the problem: we have far, far greater financial resources than Shakhter Karagandy, Elfsborg or Legia Warsaw. The problem is misapplication of the considerable resources we have, through buying no-hopers. I mean when was the last time we bought a decent striker? Hooper in 2010?
A duds a dud. Quite often you can tell after a game or two, sometimes even less so what the hell made someone think that balde, bangura etc could ever be celtic class and end up being sold on for 3 or 4 times the purchase price.

We'd have been as well not bothering than signing some of the 'strikers' of the last few seasons.
Edited by Willie Wonka, 3 Aug 2014, 08:56 PM.
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Gonga
Older than dirt
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guinness07
3 Aug 2014, 05:13 PM
If/When Celtic get punted from the CL qualifiers and all hell breaks loose within the support at the Bored. Watch this space. To deflect all deserved criticism and inject some kinda interest in an otherwise deserted CP. The Bored will roll out the red carpet and welcome back with open arms to great public acclaim..The Green Brigade !!! the Rebs will once again be in full swing..we'll have standing quicker than you've ever imagined. The stweards and PS will be told to eff right off and PL will still come out of all this as the good guy. Thats the future right there Lhads. make no mistake if Celtic shampoo in the nest on Wed.night.May as well put on a show in the stands cos there certainly wont be one on that big green thing thats used to play football. :arrr:
This thread is boaring.
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warbleshinney
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First name on the team-sheet
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Klepton
3 Aug 2014, 08:34 PM
brogan
3 Aug 2014, 03:58 PM
aye fans will moan at lawell but ask them to unsubscribe from sky and theyd say id miss my epl..im a subscriber to sky and im not goin to do it of my own back but if someone from celtic asked for a boycott itd would be off straight away........id be tough but summat needs done
Sky are not the problem: we have far, far greater financial resources than Shakhter Karagandy, Elfsborg or Legia Warsaw. The problem is misapplication of the considerable resources we have, through buying no-hopers. I mean when was the last time we bought a decent striker? Hooper in 2010?
In the end we got past Karagandy and Elfsborg, and the top Polish teams would be expected to give you a match, especially to a Celtic team under a new manager

You are right that we should normally get past these sides as we have better resources, but the ability of SKY monies in the EPL to unsettle our team is growing. Our defence is wanted by Southampton, Burnley and Swansea - they can pay wages we can only dream about. And we are in competition with the EPL in transfers, we can target a player only for an EPL team to steal him away with double our wages. How many young fans in Ireland and Scotland will pick an EPL team to support over the likes of Celtic because of the glamourised EPL and the cream of the world's players that perform there - we are losing the support of younger fans

We will also compete directly with EPL (and money rich Spanish clubs) in Europe - where the growing money gap will be played out in the field and where we could take a pounding from an Arsenal, Liverpool or even a Spurs team full of the best players in the world.

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Gonga
Older than dirt
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warbleshinney
3 Aug 2014, 09:20 PM
Klepton
3 Aug 2014, 08:34 PM
brogan
3 Aug 2014, 03:58 PM
aye fans will moan at lawell but ask them to unsubscribe from sky and theyd say id miss my epl..im a subscriber to sky and im not goin to do it of my own back but if someone from celtic asked for a boycott itd would be off straight away........id be tough but summat needs done
Sky are not the problem: we have far, far greater financial resources than Shakhter Karagandy, Elfsborg or Legia Warsaw. The problem is misapplication of the considerable resources we have, through buying no-hopers. I mean when was the last time we bought a decent striker? Hooper in 2010?
In the end we got past Karagandy and Elfsborg, and the top Polish teams would be expected to give you a match, especially to a Celtic team under a new manager

You are right that we should normally get past these sides as we have better resources, but the ability of SKY monies in the EPL to unsettle our team is growing. Our defence is wanted by Southampton, Burnley and Swansea - they can pay wages we can only dream about. And we are in competition with the EPL in transfers, we can target a player only for an EPL team to steal him away with double our wages. How many young fans in Ireland and Scotland will pick an EPL team to support over the likes of Celtic because of the glamourised EPL and the cream of the world's players that perform there - we are losing the support of younger fans

We will also compete directly with EPL (and money rich Spanish clubs) in Europe - where the growing money gap will be played out in the field and where we could take a pounding from an Arsenal, Liverpool or even a Spurs team full of the best players in the world.

I think you will find that these clubs can only have 25 players in their 1st team squad.

Take out the top 6 clubs in the EPL who will be signing the really expensive ones, and you are left with a host of clubs who can offer
either lots of money and no hope of success, or lots of money and a relegation battle.

There are plenty of players out there, its just a case of finding them, and not being so effing amateurish when we do try and offer them
a deal.
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Gerinho
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Club Captain
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Rumours of more record accounts for year ended 30th June 14. Apparently total revenue of £76m.
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paulfg42
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Fiat justitia ruat caelum
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Klepton
3 Aug 2014, 08:34 PM
The problem is misapplication of the considerable resources we have
Said this quite a few pages back. This is where the CEO has failed abysmally.
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slippy67
Occasional Substitute
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paulfg42
4 Aug 2014, 12:12 AM
Klepton
3 Aug 2014, 08:34 PM
The problem is misapplication of the considerable resources we have
Said this quite a few pages back. This is where the CEO has failed abysmally.
Spot on about misuse of resources, we have a head of youth who has a bigger budget than first team scouting. McCart is buying kids from other SPFL clubs coz he can't be bothered to scout them in the first place. Lazy 'we've got most money' mentality. Then these boys are getting binned with zero accountability. Boys not good enough are getting played coz McCart spent money on them ahead of decent boys.
Our whole youth system isn't working. The measure of youth set up is how many boys make the first team not how many trophies the youths win. That just proves we have best team not individuals. We've won almost everything but where are the players? Loads were sent out on loan & struggled to even get a game. (McGregor apart).
Coaches are thinking they must win or they'll get binned & are filling the academies with big strong players instead of ball players. Andy Robertson case in point. Dumped for being too small , a few year later he's an international & heading to EPL for near £3M.
If board are serious about being a top european side they should start at Lennoxtown & bring in people who can bring through technical players. I'd start with trying to keep McStay here when he's over. If Ajax can do it so can Celtic. Might take a few years but fans will buy into it
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Clydebank Bhoy
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Not as sad as psychoheart
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wigwam
3 Aug 2014, 08:24 AM
Does anyone who understands accounts have a breakdown of our financial position over the last 3 or 4 years? In simple terms like

2010 -> turnover 60.5m loss 5m -> total debt 8m
2011 -> turnover 73.4m profit 9m -> total debt 6m

I know that might be asking for over simplification but given the amounts we have pulled in over the last few years in transfers and CL money, with people claiming 'it's all there in the accounts', my thinking is we surely must have made profit and lowered debt over the last few years? I know there are various accounting methods to avoid profit on paper (deferring? etc) to avoid tax, but have we really spunked all that money on just running the club and bringing in the likes of Bangura, Balde etc? It seems impossible. If we have then the model isn't actually working at all is it? It's just a guaranteed downward spiral really. I thought buying low and selling on would generate more to invest in players not just keep you going like a junkie ever more desperate for their next fix.

Code:
 
Year ending Turnover (£m) Opex (£m) Trading Profit (£m) Exceptionals (£m) Profit before interest and tax(£m) Finance costs (£m) Pre-tax profit (£m) Cash/debt (£m) Intangible assets (£m)
Jun-2014
Jun-2013 75.82 62.71 13.10 -2.66 10.44 -0.70 9.74 3.76 9.80
Jun-2012 51.34 54.44 -3.10 -3.49 -6.58 -0.79 -7.37 -2.77 7.33
Jun-2011 52.56 52.50 0.06 0.77 0.83 -0.72 0.10 -0.53 10.36
Jun-2010 61.72 57.25 4.46 -5.88 -1.42 -0.71 -2.13 -5.85 13.77
Jun-2009 72.59 61.36 11.23 -8.44 2.79 -0.79 2.00 -1.51 12.15
Jun-2008 72.59 63.73 8.86 -3.36 5.50 -1.06 4.44 -3.52 11.86
Jun-2007 75.24 59.28 15.95 0.31 16.27 -1.23 15.04 -4.99 12.99
Jun-2006 57.41 53.67 3.74 -6.19 -2.45 -1.77 -4.22 -9.09 7.59
Jun-2005 62.17 58.07 4.10 -10.54 -6.44 -2.27 -8.71 -19.33 5.25
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Clydebank Bhoy
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Not as sad as psychoheart
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No time at the moment to go through that, but that's pretty much the last decade. The drop off in debt from 05 to 06 was mainly due to the last share issue.
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liger05
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Considering retirement
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slippy67
4 Aug 2014, 12:54 AM
paulfg42
4 Aug 2014, 12:12 AM
Klepton
3 Aug 2014, 08:34 PM
The problem is misapplication of the considerable resources we have
Said this quite a few pages back. This is where the CEO has failed abysmally.
Spot on about misuse of resources, we have a head of youth who has a bigger budget than first team scouting. McCart is buying kids from other SPFL clubs coz he can't be bothered to scout them in the first place. Lazy 'we've got most money' mentality. Then these boys are getting binned with zero accountability. Boys not good enough are getting played coz McCart spent money on them ahead of decent boys.
Our whole youth system isn't working. The measure of youth set up is how many boys make the first team not how many trophies the youths win. That just proves we have best team not individuals. We've won almost everything but where are the players? Loads were sent out on loan & struggled to even get a game. (McGregor apart).
Coaches are thinking they must win or they'll get binned & are filling the academies with big strong players instead of ball players. Andy Robertson case in point. Dumped for being too small , a few year later he's an international & heading to EPL for near £3M.
If board are serious about being a top european side they should start at Lennoxtown & bring in people who can bring through technical players. I'd start with trying to keep McStay here when he's over. If Ajax can do it so can Celtic. Might take a few years but fans will buy into it
This

The clubs produces nowhere near enough quality of player via its own youth setup.
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Ally Les Verts
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Proud to be one of the 45%ers
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One of the guys in my S.I.L.s work is just back from Tennerife. It seems CATB were doing a gig there and wee Bertie was there as well, according to Bertie, NL was advised to resign or be sacked because he asked the board for more money and to bring back Big Dolph and pay him the going rate.
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CELTBHOY1988
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Getting on a bit
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Ally Les Verts
4 Aug 2014, 05:12 PM
One of the guys in my S.I.L.s work is just back from Tennerife. It seems CATB were doing a gig there and wee Bertie was there as well, according to Bertie, NL was advised to resign or be sacked because he asked the board for more money and to bring back Big Dolph and pay him the going rate.
I didn't blame Lenny for walking. He had taken the club as far as he could with the current squad. He needed far more money to build a new team. PL was never going to give the money to Lennon. Result - he quits. We then get a cheap replacement who is happy to work on a shoestring budget.
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Dannybhoy95
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Champions Again Olé, Olé
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Ally Les Verts
4 Aug 2014, 05:12 PM
One of the guys in my S.I.L.s work is just back from Tennerife. It seems CATB were doing a gig there and wee Bertie was there as well, according to Bertie, NL was advised to resign or be sacked because he asked the board for more money and to bring back Big Dolph and pay him the going rate.
Assuming this is true, I'm utterly baffled as to why Lennon resigned in silence.
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nakasboots
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Off treasure hunting in Holland
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Dannybhoy95
4 Aug 2014, 05:24 PM
Ally Les Verts
4 Aug 2014, 05:12 PM
One of the guys in my S.I.L.s work is just back from Tennerife. It seems CATB were doing a gig there and wee Bertie was there as well, according to Bertie, NL was advised to resign or be sacked because he asked the board for more money and to bring back Big Dolph and pay him the going rate.
Assuming this is true, I'm utterly baffled as to why Lennon resigned in silence.
Would he not have some period of confidentiality?
He's only recently mentioned the lack of funds as being a reason for leaving.

Could be wrong of course.
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paulfg42
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Fiat justitia ruat caelum
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Ally Les Verts
4 Aug 2014, 05:12 PM
One of the guys in my S.I.L.s work is just back from Tennerife. It seems CATB were doing a gig there and wee Bertie was there as well, according to Bertie, NL was advised to resign or be sacked because he asked the board for more money and to bring back Big Dolph and pay him the going rate.
Doesn't sound right to me. :ponder:
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packrat
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Getting on a bit
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Is it really as simple as the board are stockpiling monies now, and will go on a huge spending spree next summer to make sure we win the league? And it's pointless to pay them all an extra year's wages for what will be a sure title win this season?
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Mubo Loravcik
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Retired and now a BT Sports pundit
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packrat
4 Aug 2014, 05:35 PM
Is it really as simple as the board are stockpiling monies now, and will go on a huge spending spree next summer to make sure we win the league? And it's pointless to pay them all an extra year's wages for what will be a sure title win this season?
No chance the board will ever stockpile money for anyone.

2008/09 a clear case in point.
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wigwam
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Older than dirt
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Clydebank Bhoy
4 Aug 2014, 12:55 PM
No time at the moment to go through that, but that's pretty much the last decade. The drop off in debt from 05 to 06 was mainly due to the last share issue.
Cheers CB, so along with the news above (if true) of record T/O this year, hard to imagine costs have risen (?) we should have money in the bank, as well as the ability to dip a little into the red if required. There's no other hidden stuff like long term loans not needing repaid yet or stuff like that?

It's absolutely the case we should have money to spend on new players. It is starting to like like some carrot is at it. :angry:
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Josecuervo
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Game over man!
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nakasboots
4 Aug 2014, 05:29 PM
Dannybhoy95
4 Aug 2014, 05:24 PM
Ally Les Verts
4 Aug 2014, 05:12 PM
One of the guys in my S.I.L.s work is just back from Tennerife. It seems CATB were doing a gig there and wee Bertie was there as well, according to Bertie, NL was advised to resign or be sacked because he asked the board for more money and to bring back Big Dolph and pay him the going rate.
Assuming this is true, I'm utterly baffled as to why Lennon resigned in silence.
Would he not have some period of confidentiality?
He's only recently mentioned the lack of funds as being a reason for leaving.

Could be wrong of course.
How much more funds did Lennon want in order to beat Morton?

Spent 11m last year and only 1 of them is any good, another isn't bad.


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Wee Ed KTF
Considering retirement
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Josecuervo
4 Aug 2014, 06:42 PM
nakasboots
4 Aug 2014, 05:29 PM
Dannybhoy95
4 Aug 2014, 05:24 PM

Quoting limited to 3 levels deep
Would he not have some period of confidentiality?
He's only recently mentioned the lack of funds as being a reason for leaving.

Could be wrong of course.
How much more funds did Lennon want in order to beat Morton?

Spent 11m last year and only 1 of them is any good, another isn't bad.


:brickwall: :ponder: :ffs:
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