HERE WE GO AGAIN!!!
First thing on the agenda is a thank you to everyone for the kind words about the site. MAHE has worked wonders in getting it up and running,and I know he’s very grateful indeed to some very knowledgeable people for their ongoing expert assistance. Of course,a blog is only as good as its members-that’s you,that is!-so keep contributing whenever you can,please.
Another thing to remember about SENTINELCELTS is that literally ANYONE is welcome to contribute an article. Simply mail it to MAHE at
and the floor will be yours for the day,your name in lights,your opinions up there for all to see. It’s my turn today,so I’m gonna start with,literally,yesterday’s news.
The Glorious Balance Sheet.
Yes,on the back of our Double Treble and second successive sacrifice on the altar of Mammon,aka CL group stages,Iain Bankier waves his paper in the air,declaring GIRUY,ya shower of mineshafting malcontent basturts,which hardly translates as peace in our times.
And I have to congratulate the board for some marvellous figures-honestly! To summarise,
SUMMARY OF THE RESULTS
Winner of the Scottish Domestic “Double Treble” and our seventh consecutive SPFL Premiership title
Qualified for the UEFA Champions League group stages for the second consecutive season
Finished third in the UEFA Champions League group stage, qualifying for the round of 32 of the Europa League
32 home matches (including the Scott Brown Testimonial) played at Celtic Park (2017: 31)
Group revenue increased by 12.1% to £101.6m (2017: £90.6m)
Operating expenses including labour increased by 14.1% to £87.1m (2017: £76.3m)
Gain on sale of player registrations of £16.5m (2017: £2.3m)
Acquisition of player registrations of £16.6m (2017: £13.8m)
Profit before taxation of £17.3m (2017: £6.9m)
Year-end cash net of bank borrowings of £36.1m (2017: £17.9m)
Year-end net cash, net of debt and debt like items, of £27.0m (2017: £13.4m)
Of course,the above doesn’t suggest to me that supporting Brendan in the transfer market was leading us to perdition and financial ruin as we are told was the case in MON days. It looks to me like we have improved our cash in the bank by about £30m in that period-not including the £20m for Moussa.
So why wasn’t our manager’s judgement backed in the transfer window? Why are we going backwards on the pitch even as we are steamrollering everyone else off it? Balance sheets don’t win matches,and they don’t put bums on seats,persuade the fans to purchase the merchandise,get sponsors queuing at the door to be fleeced. You’d think that the board would have learned that a few years ago,but no.
(I’ll leave questions about £9m of unexplained debt-like items or an exorbitant wage bill-how much of that is player salaries,40%? So where’s the rest going-to any poster who has an answer. Cos I don’t)
Well,that all brings me to the next part of this article. Tonight’s match.
Its a curious thing when we are playing a Norwegian side for a third time already this season,we still have more than half of our SPL opponents to face! But Rosenborg it is. A month ago,I’d have been,well,much more confident. But the truth is,we are struggling to score goals,struggling to create chances. Still not settled or reliable at the back. I’ll be happy with a victory and no injuries.
The games are coming thick and fast,and we need to strike up a rhythm,get a settled team,get our mojo back. You all know my opinion of the board,it’s no secret. But our team needs our support.
I wish I was there to supply it,my sisters and my Dad will be the nearest I’ll get tonight. But for those lucky enough to have tickets…
BACK THE TEAM!!!
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