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The Board - general discussion (including Res 12); notes from the AGM
Topic Started: 15 Jul 2014, 12:03 AM (1,414,417 Views)
jamiebhoy76
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Club Captain
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dazabhoy67
22 Dec 2017, 04:52 PM
Can anyone post the article as I'm work and the twitter link won't work.
It's a series of tweets but CNN have serialised it.

https://www.celticnewsnow.com/news/swiss-ramble-on-celtic-2016-17-accounts/212358/
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tinytim81
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This one will go down well.

"Celtic’s board has been accused of hoarding cash, but that has not really been the case – until last season when the cash balance was increased by a hefty £14m, largely due to the improvement in operating profits."
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dazabhoy67
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Off treasure hunting in Holland
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Celtic’s wage bill grew by 41% (£15.3m) from £36.9m to £52.2m (their highest ever) in 2016/17 with the addition of some players on relatively high contracts, but the wages to turnover ratio was still cut from 71% to a very respectable 58% due to the revenue growth.

I know our business plan is if we don't make the CL for a year we need to sell a player for 10-15m.

But even those wages are staggering. Without CL participation our turnover can't be much higher than our wage bill :ponder:
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rintimtim
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I suspect there will be a bonus scheme in operation that rewards qualification for the CL so that if we don’t qualify the wage bill will not be as high.
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murphio
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Could start a row in an empty room
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dazabhoy67
22 Dec 2017, 05:40 PM
Celtic’s wage bill grew by 41% (£15.3m) from £36.9m to £52.2m (their highest ever) in 2016/17 with the addition of some players on relatively high contracts, but the wages to turnover ratio was still cut from 71% to a very respectable 58% due to the revenue growth.

I know our business plan is if we don't make the CL for a year we need to sell a player for 10-15m.

But even those wages are staggering. Without CL participation our turnover can't be much higher than our wage bill :ponder:
It is bonus structured but I would hazard a guess by not enough to break even without some sort of European Group stage participation. I think this emphasises the point there is no pot of gold we are sitting on.
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smiddybar
Occasional Substitute
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Still no sign of a date as to when the Compliance Officers report will be finalised and pubished ?

Celtic cannot be seen to be interfering in this process for obvious reasons and due to the complexity and amount of material to be worked through I can see why a report is not ready yet but that cannot go on forever and given Celtic's keen interest in the response I cannot see them letting matters drift too far without them losing credibility.
Edited by smiddybar, 29 Dec 2017, 10:15 AM.
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wigwam
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Older than dirt
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murphio
22 Dec 2017, 06:16 PM
dazabhoy67
22 Dec 2017, 05:40 PM
Celtic’s wage bill grew by 41% (£15.3m) from £36.9m to £52.2m (their highest ever) in 2016/17 with the addition of some players on relatively high contracts, but the wages to turnover ratio was still cut from 71% to a very respectable 58% due to the revenue growth.

I know our business plan is if we don't make the CL for a year we need to sell a player for 10-15m.

But even those wages are staggering. Without CL participation our turnover can't be much higher than our wage bill :ponder:
It is bonus structured but I would hazard a guess by not enough to break even without some sort of European Group stage participation. I think this emphasises the point there is no pot of gold we are sitting on.
Winning a treble and going out of europe early would probably be a terrible combination financially.

Given the fine margins we've had qualifying for CL, we can look at being lucky as well as good at the moment. :)
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Hairytoes
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I was just thinking about how very badly run the Huns are, as in a complete Omni-shambles & constant reruns of calamity after calamity - the Banter Years in a Groundhog Day sort of style.

I do flit between thinking PL & the Board should do better, in terms of living wage especially & building from a position of strength (which I don't think they do VERY well, but they do well enough).

Basically, I think it's a better the devil you know situation & we should be glad for what we've got. It must be hard & reading David Moss' comments, we do have to draw a line somewhere in negotiations & that's a hard call in the current climate of crazy transfer dealings.

The Board & PL have probably scored above average, all things considered & I feel they are doing a good job & know their stuff.
We've all done the heated driveway chat, but he's probably worth it & I guess we might miss him if he went (if the Board across the City are anything to go by).

Anyway, winter break & all that... :twitch:
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smudgethecat
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I heard on talksport the other day our average wage bill is £15k per week, compared to around £45k a week in lower reaches of epl
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Govan Super Casino
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Retired and now a BT Sports pundit
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smudgethecat
8 Jan 2018, 02:02 PM
I heard on talksport the other day our average wage bill is £15k per week, compared to around £45k a week in lower reaches of epl
It was printed in the Record a few months back

Full wage list for Scottish Premiership clubs
World ranking / Avg annual pay £ / Avg weekly pay £

203 - Celtic - £735,040 / £14,135

256 - Rangers - £329,600 / £6,338

313 - Aberdeen - £136,382 / £2,623

316 - Hearts - £95,514 / £1,837

318 - Hibs - £87,100 / £1,675

334 - Dundee - £59,904 / £1,152

337 - Partick Thistle - £58,175 / £1,119

338 - Ross County - £56,394 / £1,085

341 - Kilmarnock - £55,100 / £1,060

346 - St Johnstone - £47,992 / £923

347 - Motherwell - £42,662 / £820

348 - Hamilton - £41,488 / £798
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DKB
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Getting on a bit
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smudgethecat
8 Jan 2018, 02:02 PM
I heard on talksport the other day our average wage bill is £15k per week, compared to around £45k a week in lower reaches of epl
and most likely something like £2k a week at most SPL clubs
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Kingslim
69 and counting
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DKB
8 Jan 2018, 03:36 PM
smudgethecat
8 Jan 2018, 02:02 PM
I heard on talksport the other day our average wage bill is £15k per week, compared to around £45k a week in lower reaches of epl
and most likely something like £2k a week at most SPL clubs
Most clubs won't pay that in the SPFL

players from teams like Killie are on about £700 per week. I imagine most of the others will be around the same barring Aberdeen and The Hun
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Bryan67
holding Garry Pendrey's clip board
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Was told tonight the club are taking the online store and stores throughout i house and out of control of kitbag. A lot of investment being put into this. Interesting to see how it works out.
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van Doesburg
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smiddybar
29 Dec 2017, 10:15 AM
Still no sign of a date as to when the Compliance Officers report will be finalised and pubished ?

Celtic cannot be seen to be interfering in this process for obvious reasons and due to the complexity and amount of material to be worked through I can see why a report is not ready yet but that cannot go on forever and given Celtic's keen interest in the response I cannot see them letting matters drift too far without them losing credibility.
Just wondering if Auldyin has any news on this or any related issues.
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Joe the Baker
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It feels like yesterday... I wish it was tomorrow.
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Bryan67
13 Jan 2018, 01:43 AM
Was told tonight the club are taking the online store and stores throughout i house and out of control of kitbag. A lot of investment being put into this. Interesting to see how it works out.
Can only be a good thing.
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Tenenbaum
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Anybody interested in grabbing a couple of burgers and hittin' the cemetery?
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We could do with getting a few players off the books regardless. I imagine we're paying quite a lot out in useless wages at the moment.
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CMC88
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Considering retirement
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Govan Super Casino
8 Jan 2018, 03:16 PM
smudgethecat
8 Jan 2018, 02:02 PM
I heard on talksport the other day our average wage bill is £15k per week, compared to around £45k a week in lower reaches of epl
It was printed in the Record a few months back

Full wage list for Scottish Premiership clubs
World ranking / Avg annual pay £ / Avg weekly pay £

203 - Celtic - £735,040 / £14,135

256 - Rangers - £329,600 / £6,338

313 - Aberdeen - £136,382 / £2,623

316 - Hearts - £95,514 / £1,837

318 - Hibs - £87,100 / £1,675

334 - Dundee - £59,904 / £1,152

337 - Partick Thistle - £58,175 / £1,119

338 - Ross County - £56,394 / £1,085

341 - Kilmarnock - £55,100 / £1,060

346 - St Johnstone - £47,992 / £923

347 - Motherwell - £42,662 / £820

348 - Hamilton - £41,488 / £798
I guess money is a sporting advantage, unless your sevco.
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Belgrano
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Bryan67
13 Jan 2018, 01:43 AM
Was told tonight the club are taking the online store and stores throughout i house and out of control of kitbag. A lot of investment being put into this. Interesting to see how it works out.
Let's hope it's not as disastrous as their 'in-house' Celtic TV experiment. If so - they should stick with out-sourcing it.
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Auldyin
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van Doesburg
13 Jan 2018, 12:38 PM
smiddybar
29 Dec 2017, 10:15 AM
Still no sign of a date as to when the Compliance Officers report will be finalised and pubished ?

Celtic cannot be seen to be interfering in this process for obvious reasons and due to the complexity and amount of material to be worked through I can see why a report is not ready yet but that cannot go on forever and given Celtic's keen interest in the response I cannot see them letting matters drift too far without them losing credibility.
Just wondering if Auldyin has any news on this or any related issues.
Vincent Lunny the previous Compliance Officer was on BBC Sportsound this Wed evening just passed.

He explained the role of the Compliance Officer (now Tony McGlennan ) was to gather information, check the rules to see if there was a breach and then make a case for a Judicial Panel drawn from a SFA list (like those whose names McCoist wanted to know) to make a judgement based on what the Compliance Officer puts in front of them.

The evidence gathering stage is still underway because last week the Res12 lawyer was asked to provide to the SFA a copy of a letter the SFA don't have that is proof of a key point, where a breach of FFP may have occured before UEFA were notified of the clubs who were granted a licence.

So taking Lunny's explanation it sounds like the information is still being gathered in order to decide what case to put to the Judicial Panel to consider and if Comp Off is thorough there should be a number of points to consider.

An understandable concern is that SFA will/may try to limit the remit of the JP, but remember Res12 asked for all of the licensing process in 2011 be investigated, so if some of the events involving the SFA during the licencing season of 2011/12 are not covered, Celtic shareholders would be perfectly entitled to point out what had not been addressed to Celtic who in turn, having observed due process, are perfectly entitled to then demand answers to satisfy their shareholders.

It's a slow process but at least there is an indication of activity.


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tomtheleedstim
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Auldyin
18 Jan 2018, 04:40 AM
van Doesburg
13 Jan 2018, 12:38 PM
smiddybar
29 Dec 2017, 10:15 AM
Still no sign of a date as to when the Compliance Officers report will be finalised and pubished ?

Celtic cannot be seen to be interfering in this process for obvious reasons and due to the complexity and amount of material to be worked through I can see why a report is not ready yet but that cannot go on forever and given Celtic's keen interest in the response I cannot see them letting matters drift too far without them losing credibility.
Just wondering if Auldyin has any news on this or any related issues.
Vincent Lunny the previous Compliance Officer was on BBC Sportsound this Wed evening just passed.

He explained the role of the Compliance Officer (now Tony McGlennan ) was to gather information, check the rules to see if there was a breach and then make a case for a Judicial Panel drawn from a SFA list (like those whose names McCoist wanted to know) to make a judgement based on what the Compliance Officer puts in front of them.

The evidence gathering stage is still underway because last week the Res12 lawyer was asked to provide to the SFA a copy of a letter the SFA don't have that is proof of a key point, where a breach of FFP may have occured before UEFA were notified of the clubs who were granted a licence.

So taking Lunny's explanation it sounds like the information is still being gathered in order to decide what case to put to the Judicial Panel to consider and if Comp Off is thorough there should be a number of points to consider.

An understandable concern is that SFA will/may try to limit the remit of the JP, but remember Res12 asked for all of the licensing process in 2011 be investigated, so if some of the events involving the SFA during the licencing season of 2011/12 are not covered, Celtic shareholders would be perfectly entitled to point out what had not been addressed to Celtic who in turn, having observed due process, are perfectly entitled to then demand answers to satisfy their shareholders.

It's a slow process but at least there is an indication of activity.


Cheers Auldyin,
As signs go it's better that they've asked to see the evidence than not at all.
Let's hope they investigate with integrity this time (I know)
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