” Follow the Money “
Jimmy and I decided to have a quiet weekend in, to shut out the noise and the angst of everyday life, switch off the mobile, unplug the landline and the T.V. This weekend would be ours, this was our time. Time to reflect, to play scrabble or poker, whatever we decide to do. We sat back and relaxed and opened a bottle of chateau-neuf- du- pape, unwrapped a cigar and with smoke billowing out, we began to discuss one of the most important institutions in our lives, Glasgow Celtic.
We started by discussing the “lost Bhoy”, George Connelly, his troubled life, his disastrous first marriage and how he approached big Jock to ask for his advice and blurted out that he was having to get married and needed help to buy a house. As you all know Jock was fond of George, he asked George “what do you need son”, George replied, that he had seen a one bedroom flat in Kincardine for sale and it cost £75.00 pounds. Jock left him for a moment and returned with the money and said, “pay it back weekly out of your wages”. A clear example of how much big Jock thought of Celtic’s lost bhoy.
Jimmy and I discussed many things relating to our club that weekend and our thoughts turned to an article in one of the papers in 2017, that featured a story about Celtic and its growing wealth, the quote went like this, “Celtic are in the greatest financial position ever after announcing a pre-tax profit of £6.2 million pounds”, it stated that it had successfully applied to build a new £18 million pound hotel and museum and was looking to achieve around £30 million pounds from its participation in the C.L. It got us thinking, if that was 2017, where are we now, relatively speaking so, instead of scrabble we chose to “follow the money”.
Without looking at the season ticket sales, or the various sponsorship contracts, or any other form of income or expenditure, but only investigating as best we could, players coming in and out, what we found was, this….
Players and managerial team sold to other clubs:
Moussa Dembelle August 2018 sold to Lyon for £19.7 million pounds.
Stuart Armstrong June 2018 sold to Southampton for £7.00 million pounds.
Brendan Rodgers management team compensation February 2019 £9.00 million pounds.
Virgil Van Dijk’s sell on clause at 10% of difference between Southampton and Liverpool £6.1 million pounds.
Kieran Tierney sold to Arsenal August 2019 for£25 million pounds.
Total income from the football department £66.8 million pounds.
Players brought into the club, their transfer fees paid:
Christopher Jullien purchased from Tolouse for £7.2 million pounds.
Boli Bolinggoli- Mbombo purchased from Rapid Vienna for £3.01 million pounds.
Hatem Abd Elhamed purchased from Hapoel Be’er Sheva for £1.62 million pounds.
Luca Connell purchased from Bolton for £365.000 thousand pounds.
Odsonne Edouard purchased from PSG. for £9.270,000 million pounds.
Vakoun Issouf Bayo purchased from Dunajska Sheda for £2.2 million pounds.
Maryan Shved purchased from Karpaty Lviv for £2.0 million pounds.
Jack Hendry purchased from Dundee for £1.370,000 million pounds.
Total spent on incoming players £27.035,000 million pounds.
The difference from players being sold and managerial staff compensation received and players being bought in = £39.765,000 pounds in profit.
It has still to be decided if any other players will add to the tally of players out and how that might affect profit from players sold and any other players brought in, to add to the list of profit or to lessen the profit margin.
There is also the probable saving of Brendan Rodgers and his coaching staff, compared to Lenny’s.
The following is a list of the players either released at the end of their contract or returned to their parent club after their loan spell, we calculated their wages as best we could with all the information that we could gather. No bonus payments were included as we could find no information on them.
Statista, edited in June this year, state that “the average first team pay in the SPFL. for Celtic players averaged £16,635 pounds per week. For your information only, the average pay for the Zombie players was calculated at £8,961 pounds per week”. ( The ghost allowance).
Gamboa: presumed wages per week= £15,000, per annum that works out at £780,000 pounds.
Compper: presumed wages per week= £20,000, per annum that works out at £1,040, 000 pounds.
Boyata: presumed wages per week= £15,000, per annum that works out at £780,000 pounds.
Lustig: presumed wages per week= £25,000, per annum that works out at £1,300,000 pounds.
Allan: presumed wages per week= £8,000, per annum that works out at £416,000 pounds.
Izaguiire: presumed wages per week= £21,000, per annum that works out at £1,092, 000 pounds.
DeVries: presumed wages per week= £7,500, per annum that works out at £390,000 pounds.
Tierney: presumed wages per week= £25,000, per annum that works out at £1,300,000
Total savings on players wages who left the club =£7,098,000 pounds.
Lustig had no transfer fee when he came to Celtic, hence his high wages.
Compper, it was said that he was a high earner, his 81 minutes against Morton, a huge waste of money.
Toljan loan deal six months wages per week= £20,000, per six months works out at £520,000 pounds.
Burke loan deal six months wages per week= £30,000, per six months works out at £780,000 pounds.
Weah loan deal six months wages per week= £20,000, per six months works out at £520,000 pounds.
Benkovic loan deal twelve months. wages per week= £20,000, per twelve months works out at £1,040,000 pounds.
Total cost for all loan players released back to their own clubs = £2,860,000 million pounds.
When you add up all the savings they all total up to a surplus of £23,423,000 million pounds.
( Plus the saving on Brendan Rodgers coaching staff, possibly over £1,000,000 million pounds.)
Not a bad reflection on a club that ply’s its trade in a so called lesser league, bearing in mind that if you win the SPFL. the prize money for winning the league is around £3,000,000 million pounds.
There is two way’s to look at it, you could say “well done” the club is in safe hands, we are all reminded of the danger’s that lurk’s in various quarters and leagues and the huge amounts of money being spent at the altar of rich men’s vanity. We all want the club to be safe.
Jimmy and I look at it with a jaundiced eye, we feel that the club is run on an “ad-hoc” basis, the sticking plaster, fire fighting approach. There is much that could be better, the seemingly unprofessional approach, where managers are appointed in a closed-secretive manner, without having an open interview system, how can you make an informed appointment without having interviewed everyone of the many applicants? The same applies to new players being brought into the club, sometimes seemingly without the managers knowledge, what message does that say to the manager and who is qualified to sign them?
We do have a core of really good players who are more experienced now and have played together for years for both club and country. You get a sense of a slight change of direction to more experienced players being brought in, rather than future projects and the bar being raised in both quality and in transfer fees paid, there is no doubt but that the spine of the team is stronger. Is this the clubs attempt to push for 10IAR?
While there is much to be happy about it seems churlish to discuss the negative issues especially after that amazing performance and result on Saturday.
That’s it, we are getting tired now and thinking, if you cannot take enjoyment out of the beautiful game, then what is the point, so we sit and chat and try to think of the many positives, thinking back to those many glorious victories, recent and great players who have donned the hoops, thinking of them that brought tears of enjoyment, laughter and joy, sublime happiness, the greatest gift that we possess, cheers Doddy, “how tickled we are.”
Jimmy, its 1.00 a.m. and I have to be away at six, as he walks up the stairs, I hear him sing “Ave Ave Ave Maria”. I smile to myself and sing, filled with “bonhomie, bonheur, joie de vivre”, there’s whiskey in the jar-o. Musha-a-ring, dumb-a- do, dumb-a-da, whack fall the daddy-o. Raise a glass to the only Lizzie that matters…. Hail Hail.
The above article is by Mike.
Should you wish to contribute we will gladly publish.