The Curse Of Interesting Times

Morning,all.
 
 
The Chinese expression,May You Live In Interesting Times,certainly sounds to the Western ear as a bonhomie,but it is far from that. Rather,it is a casual wee curse,the kind of thing thrown at someone who has severely pissed you off. Fortunately,I don’t know very many Chinese people,so I reckon I’m safe enough on this one.
 
 
I’m not so sure that I can say the same for my football club.
 
 
Celtic certainly live in interesting times,times which should have seen us out of sight domestically,and able to use that domestic dominance to build a useful or even formidable reputation in Europe. We certainly had one in the past,and it isn’t that difficult to achieve if you put your mind to it. You only need to look at the recent endeavours of the likes of Seville,Villarreal,Benfica and Porto for example. Or our own magnificent (but should have been better!) record under Jock Stein.
 
 
Awright,so Jock was roughly half a century ago. Being robbed in The Bernabeau in 1980 wasn’t. And neither was watching Bayern Munich celebrating a goalless draw at Fortress Parkhead as though they had actually won the entire tournament. That was under Martin O’Neill,and it seems like only yesterday.
 
 
Now? Bayern are up there with the likes of Man City and the Spanish giants vying for the title of biggest and best team in the world. And they celebrated a goalless draw against us. Think about that while considering that the best thing we can say about the season just gone is that we managed a draw against the huns to avoid a total whitewash.
 
 
As I’ve said before,the need for a different manager than the incumbent was glaringly obvious two years ago,and even the blindest and most faithful knew it in mid-October. We are still waiting. Our great club,with its wonderful history,has become a pariah in the inner circles of the cognoscenti in the game. Spoken of with barely disguised sniggers. If at all,that is. Reduced to scrambling around for the lint at the bottom of your pocket on a Sunday morning after an unexpectedly heavy Saturday night. Actually having to Google our latest “managerial target” because none of us has ever heard of him-and as it turns out,neither have the people on the UEFA committee that keeps a record of coaches qualified to work within the jurisdiction!
 
 
The worst thing is,for all that we seem to be a toxic brand within the game,it is that we are actually one of the few clubs to be solvent. Look at the disasters that are consuming those Spanish giants with their billion euro debts,or the amount of money owed to hedge funds and foreign owners by almost all of the Italian clubs. French football is financially screwed-apart from the vanity project at PSG,of course-and so too is the Portuguese model. The likes of them and clubs in Belgium and The Netherlands are only a going concern while they can still sell players for big sums to the big foreign clubs. And good luck with that,going forward. And of course,England is a disaster,heavily reliant on sugar daddies,and really it is only the German league which manages to tread water and remain largely self sufficient.
 
 
And then there is us. I confidently expect that our balance sheet come the June 30 accounts-usually released in October-will declare a net balance approaching £100m. This depends on whether a certain payment is included prior to that,of course. It is unlikely to include the income from player sales in the transfer window,and I would expect another £40m or so from those. Even kicking down the figures,we should have the thick end of £120m rattling around our current account over the summer.
 
 
And we canny get a decent manager? WTF? Well,I wonder why that might be,eh?
 
 
It will take us years to rebuild our reputation in the game from the harm that has been done to it in the last decade and more. And simply being solvent isn’t going to persuade any of the beautiful people in the game to kiss a frog. Each of us has our own ideas of who we would like as our next manager,even down to a list of three,six,ten,whatever. Well,we can stop dreaming about that. Who the hell wants to join us,even despite that huge balance sheet?
 
 
Like I said,I wonder why that might be?
 
*****

Above article by BMCUWP

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JOHN A

The only way to answer back is to hold off spending. At least delay season ticket renewal. Don’t buy merchandise. Am I the only person to believe that no one can be this incompetent? I strongly suspect this was deliberate just like leading us up the garden path on res 12. Pains me to want a fellow Irishman out of Celtic but Desmond and co must go.

CFC

£120m ?

Our total revenue in last accounts ( June 30 2020) was £70m , down from £83m the year before.
Our player trading gave us a profit of approximately £3.5m.
Balanced against this was our cost base – £80.5m.
The likelihood is our revenue will be much reduced from last year.

Whether we generate £40m from sales or not is debatable. Every player’s sell on value will have reduced, in some cases dramatically. Main assets are Edouard ( apparently 50% of profit over £9m goes to PSG), Ajer(£6-8m being touted!!) , Christie(£? Depends on Scotland performances I guess), the rest are makeweights, a lot of them admittedly. I assume McGregor and Forrest stay. We need some continuity after all.

On previous strategy we will spend less on player recruitment than we will gain on sales.

Fremitus Coeur

BMCUW

£120m bank balance in the summer? Can you explain where you got those estimates? I’m fairly certain we had less than £18m net cash towards the end of the year. That will have been dramatically reducing with no match day revenues. Allowing for salary payments between year end and season end, I’d think the balance moved to single figures. Possibly less than £5m
Even allowing for a 90% uptake on season book sales which may well be optimistic given the current managerial and squad status, it would elevate the balance back to what? £40m? Sponsorship money might, just might take it back towards the £50m, at which point it’s downhill all the way at the rate of £2m plus monthly as we enter another period of uncertainty with regard to match day incomes.

Transfer activities may well add another £15m or thereabouts but how can you “confidently” quote such numbers as the ones you do?

I don’t imagine the bank balance will ever approach the numbers you predict, but it’s possible I’m missing something very obvious given your confidence. Can you elaborate please?

I’m genuinely intrigued at the conclusion you think that the balance can reach a number between £120m and £140m? Those numbers would reflect our highest ever operational cash position?

I would say that if Celtic FC had a bank balance in the black at the end of this coming season they’ll be fortunate. The borrowing facility they hold will probably be utilised to ride out what they will no doubt hope will be the tail end of the shit storm that has engulfed the world.

None of my comments are in any way an excuse or use a pandemic cover up to justify the incompetence, neglect and on occasion, shameful behaviour of the board at CP. I’d like to see each and everyone of them kicked into touch . If they’d been on the ball, I believe the numbers you offer up would have been easily achievable through European income plus transfer profit.
As it stands, I’m pretty convinced our bank balance will be the same colour as the faces of the board should be.

Thetic

BMCUWP I hope you are right about the financials, it is the one bright light in our recent history , and I hate to be negative but we should have had a lot more income from Europe. Someone said yesterday start building to be successful in Scotland then challenge in Europe, our finances should enable us to accomplish the first part or at least mount a credible challenge.
I also hope Damien Duff is interested in coming back to the club , there’s a guy who would be a good DOF, with his reputation as a player he would be someone potential recruits would know and be able to relate to, I maintain the DOF should be higher up the food chain than the manager
The DOF sets out the character and type of football we play, who should be brought in to play on the team, and who should be brought in to coach them.

Jobo Baldie

Good morning, friends.
Bobby is both right and wrong in his lead article. Celtic PLC balance sheet at 30 June 2020 did show significant assets – £144M. Of course, the cash at the bank is only a small (sic) part of that total so maybe about £18M. The other main assets include the stadium (which we definitely own 😉 ) of around £60M.
I think Bobby’s point was that we are not in danger of going bust any time soon, with that amount of assets to call on if times got really bad. But despite that ‘security’ why can’t we get a manager?…….
Time for work…

[ps – to view any plc accounts just google ‘Companies House’, pick the ‘gov.uk’ option, select ‘find company’ and type Celtic PLC. If you then choose the ‘filing history’ tab you’ll be able to look at any recent sets of accounts.]

CFC

Turnover is vanity , profit is sanity, but cash is king.
Balance sheet assets like the stadium/Lennoxtown are illiquid and whilst retaining a value, are not gonna help put bodies on the pitch this summer.
Or in the dugout.

We are a cash driven business, when that reduces then so does the quality of product.

jimthetim53

Morning all & Packy.

Yes I think you are correct Jobo, the £120m Bobby is talking about sounds to me like the difference between Assets & Liabilities. Def. not Cash in Hand/bank. The best we had recently – 2 years ago? – on that score was c£40m for a short time and that was well before lock down. It followed some huge income from player sales. I think it will be single figure millions now.

Too many fans speaking in chartered accountants tongues. You who speak from a mindset curtailed by and shaped and manipulated by financial projections are not helping this mess at all.
Put it this way – if Rangers supporters were fully briefed up with so much evidence that the Rangers board had sold out the interests of Rangers supporters in effect Rangers board cheating Rangers supporters to keep financially stricken Celtic FC alive and competitive do you think the Rangers supporters would be sitting around TEN YEARS LATER hoping to break bread with the treasonous Rangers board to try to create a dialogue of understanding and maybe create a meeting of minds to smooth out the path forward?
Anybody who cant see that the PLC have to be removed IMMEDIATELY even if it means a 20k strong “mob” of Celtic supporters wearing “V For Vendetta” masks and storming the main entrance at the Main Stand and if necessary dragging the PLC out with the hair and supporters taking it in shifts to hold a position inside the building and execute citizen sackings of the treasonous PLC board who must’ve broke every rule in the Celtic FC constitution by now and no amount of staged AGMs will ever hold these PLC traitors to account.
That might sound a bit unethical, but when was the last time that ethics were applied within the walls of Celtic PLC board room?
If not the above then what? A meeting commandeered by David Lowe? Give me a break.
This PLC are nothing but corporate trolls. You cannot have a meeting of minds with these f***s.
Starve them and watch the share price fall then they’ll start selling players to boost the balance sheet.
And your all going to do what? For a decade all of you have shown them that their will will supersede yours. Who’s fault is that?
Its your fault!
The PLC will have calculated in among their devious schemes that from a civil unrest point of view, it would be safer to allow a slow demise of Celtic FC just till Rangers get a good few years Champions League bounty in their coffers keeping Rangers FC supremacy vibrant and probably save the UK from splitting up as Celtic supporters are not the majority of voters but could swing the odd dangerous seat and their clubs demise could lead to voting apathy as well as football apathy for Celtic supporters, whereas a successful Rangers could also remove unionist voter apathy. These could be just some of the thoughts from the PLC boardroom or maybe not at all but who knows.
But if after TEN YEARS OF CELTIC PLC TREACHERY and Celtic supporters are only now having crisis talks about having crisis talks with the treasonous PLC board then maybe these supporters are thoroughly deserving of ALL OF THE PLC TREACHERY THAT COMES THEIR WAY!
Auldheid is an honourable respectable rules based integrity hound. But what good is that doing?
After a decade of trying to observe rules in a land of NO RULES then Auldheid and his respectable dignified default line is maybe needing some gardening leave.
I say again what do you think ANY TEAMS SUPPORTERS not just Rangers supporters would’ve done if THEY HAD KNOWN FOR A FECKEN DECADE that the clubs PLC board was selling them out the back door?
The ice cream and jelly laugh at Rangers days has now caught up with you and your easily pleased celebrations.
Think about it, how many 6-2 games would MONs team have enjoyed if he had meagre opposition managed by…
The Magic Hat?
Pedro’s Barking Caravans?
Murty?
Or Stevie effin G?
Different times I know but it didn’t stop a huge chunk of Celtic supporters to dismiss MONs achievements and somehow elevating Brendan Rodgers to the closest to Mr Stein. Really?
Well you know what? Your parochial dumfuckery might just have made DD’s mind up for him when it came to how the club would deal with the 10 in a row season that would probably have resulted in another Ibrox club being liquidated and the civil unrest would’ve been off the scale.
So DD decided that 10 in a row will go under the bus as there’ll be NO CIVIL UNREST FROM CELTIC SUPPORTERS BECAUSE YOU CAN DO WHAT YOU WANT TO THEM AND THEY HAVEN’T A SINGLE PAIR OF BALLS BETWEEN FIFTY ODD THOUSAND OF THEM TO OFFER ANY REACTION TO ANYTHING!
So it looks like “Faithful Through and Through” is viewed through PLC eyes as “Mugs Through and Through” now why would the PLC view Celtic fans in those terms?
Because you allow yourself to be mugged “Over and Over” its who you have become since 1994.
PLC boards are full of sharks. Sharks won’t recognise emotional affinity – only weakness and vulnerability.
If being weak and vulnerable was a one off then maybe you could work on a few things.
But a DECADE OF WEAKNESS AND VULNERABILITY isn’t a one off – its who you are.
Your f***ed! Celtic are f***ed! And YOU SEASON TICKET HOLDERS have done all of this.
Sneakily hoping that Auldheid would bring home the bacon for you whilst you all crowed about how wonderful you all are.
Weakness and Vulnerability is not wonderful – is it?
But that’s what you all are – and DD has known it from day one when he took the keys from deceitful Fergus, they all know who you are and what you are.
Shame on all of you who continue to be took.

Terry

big packy

MORNING ALL and JIM, have we signed up steve clarke yet😎 what about steve clarke, sean maloney, and damian duff, with martin o nell as director of football👍

jimthetim53

Packy, I’ve heard worse! 🙂

big packy

TERRY, glad you got that off your chest pal👍😎

big packy

JIM aff oot dugwalking, catch u later, very dull here today, reminds me of a good day in lanarkshire 😎😎😎

jimthetim53

Terry, The ideal Celtic set up & supporters will only ever exist in Heaven. Meanwhile down here on earth, Celtic are a club run by business men with different priorities to the fans. They also have accounts which need scrutiny by outsiders.

However I understand you are trying to make some important points in a LOUD WAY!

Friesdorfer

I am almost beyond despair at the state of our beloved club. How did we get to this? I know, I know…

Despite not knowing much about Ange, I had heard of him in passing, in relation to our Australian players over the years. Not quite sure therefore, why so many folk say they have never heard of him. That’s not to say that I am thrilled with the prospective appointment, although he would/will get my full support if it goes ahead. But, we could, and should, do much better – and a darn sight quicker too.

Sun is out on the silvery Tay, have a good day one and all.

HH

Óglach

Celtic have, allegedly, asked UEFA to fast-track the Postecoglou application to allow him to coach in Europe. However, a UEFA spokesman claimed that even this could take weeks. John Kennedy for the CL qualifiers anyone?

I also agree with Phil McG’s assertion that Postecoglou could be our very own Caixinha moment, if Lenny mk2 wasn’t bad enough 🙄

My own question if Postecoglou is a decent manager why hasn’t any other European club tried to secure his services. Guess we are just lucky and our much-vaunted scouting and due diligence have finally paid off and we may have landed the next Arsène Wenger, – aye that’ll be right.

We’re doomed, dooooooooooooooomed

Friesdorfer

Good Morning Terry/Kev
Can’t help but admire your inventiveness in Monikers 😉😉
That is not to say that I disagree in principle with the message, but I guess it’s more to do with “the way you tell ’em”.

Hope you are well.
HH

jimthetim53

John A @ 5.57am, Couldn’t agree more!

auldheid

Terry

Having dealt with Celtic and been a CST member I have a better idea of what we face than you do.

I’m a pragmatist by nature and seek a united Celtic by what is possible as opposed to what is’nt.

I dont seek to destroy but I do seek change and that will only come via a process that does not require a sacrifice not enough supporters are prepared to make.

All the info on Res12 has been public for 2 years and kept up to date.

How many have read it? It’s too long, it’s too complicated and I dont like where it’s taking me as I’ll have to put principle over what I enjoy most.

That is where the emotional rubber hits the reasoned road.

David Low, regardless of how he is perceived has only one vote.

The CST are now facing what Res12 faced and with a Membership of 1200 and a sub committee set up as a result, are not controlled by David Low and every new member who joins makes it harder for any individual to control if you follow me. Get inside the tent to piss out rather than outside pissing in.

Where we have serious cause for complaint as shareholders is the handling of Res12, particularly the second one in 2019.

Exposing that as a fact exposes The Board to the question how unprincipled are they and how far are they prepared to go?

It leads to your underlying point about cosy AGMs.

If they are just a forum where The Board can lie to the shareholders with impunity what is the point of having them?

That leads to serious corporate governance issues and to have that raised then legal input is required.

You dont take a knife to a gun fight.

Maestro Fan

It’s a complete mystery.

Wonder what the balance sheet will look like in a year when SB sales have dropped 50%.

jimthetim53

https://res12.uk/

Auldheid, Don’t be so hard on yourself. In my opinion, the Res. 12 site is like a reference book in a Library. It might not be borrowed or looked at much but it is crucially a point of reference. It is a timeline of all the events that happened, with back up references. it’s there for all to see, for a long time maybe. Proper journalists and in the future, historians, would find it useful.
Plus it is well indexed if folk just want to check out certain events etc.

I think I have read it all over time but I don’t have a good memory, I would need to go back & check if necessary.

Even if you never added another chapter, it has been very worthwhile and invaluable.

Angel Gabriel

What JimtheTim said at 11.33 . 👍

Garry

JTT53
Excellent post.
Agree with you 100%.

saltires en sevilla

Auldheid -invaluable information and resource now a matter of record – what JTT53 said covers it well!

saltires en sevilla

Bobby – share your frustrations buddy!

Fremitus Coeur

Jobo and Jim the TIm
The article states we will have around £120m rattling around our current account.

Assets will NOT be in any current account.

Cash flow will be king for the foreseeable and to that end, recent years of mismanagement will ensure that allied to potentially severely reduced income, it’ll be a challenge that will stretch us considerably.

Having said all of that, I am fully aligned to the core of the BMCUW message. We are caught up in an absolute shit show heavily influenced by an incompetent, unfit for purpose board of directors.

Mike in Toronto

Hearing a rumor about our new manager…

it is not going to be AP …..

Given PL’s preference for shower scenes, I can now reveal that the next manager will be ….

Janet Leigh

🙂

jimthetim53

Fremitus Coeur, I think Bobby will come back on & expand.
ps interesting moniker! I’ve been to the Sacre Coeur in Paris 🙂

jimthetim53

C’Mon Janet!!!

Garry

Fremitus Coeur
Interesting moniker and interesting first post.
Welcome to this Dear Green Place.
Hope you hing aboot here more.

Garry

JTT53
I have booked my slot for High Noon Mass in Sacre Coeur Blackpool this Sunday. 💚

Mike in Toronto

Will you please join the choir in singing the Entrance Antiphon ‘Do Not Forsake Me, oh My Darling’

🙂

big packy

AFTERNOON ALL and JIM, come on you ghuys dont all agree with jimthetim his heid is big enough,😎😎😎

big packy

GARRY i have instructed the border police at gretna, to let you in,,but dont bring any bad weather with you😎😎

jimthetim53

Well done Garry, happy memories of that Church and their social club!

jimthetim53

Garry, i always remember the social club did a special price on Doubles spirit measures but they were only 1/6th of a gill measures. we were used to 1/4 gills so weren’t very impressed!

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS

JIMTHETIM53

Sixth of a gill? Is that not an offence in Scotland,punishable by a damned good kicking?

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS

And yes,I will explain the maths in the article. I didn’t detail it because much of it I’ve mentioned for over a year.

jimthetim53

Bobby LOL 🙂 Yip the sixth of a gill was illegal in Scotland. It was Blackpool I was talking about. 25ml seems to be the norm now.

Garry

JTT53
The pints of Guinness are the same size in Leeds and Blackpool as they are in Clydebank. Just a damn sight cheaper. Gonnae be doing a booze run. A few cases of Guinness and Magners tins for half the price I would pay in Alba.

Garry

BP
I could meet up with you for a coffee before I return home on Monday or Tuesday mate. Let me know please.

SFTB

Are these lyrics a strategy we should adopt to develop a purer future for our club?:-

He said to me he wanted to be near to me
He said he never wanted to be out of my sight
But it’s too late to give this boy my love tonight
Please wait at the gate of heaven for me, Terry.

He said to me he wanted to be close by my side
We had a quarrel, I was untrue on the night he died
And it’s too late to tell this boy how great was
Please wait at the gate of heaven for me, Terry.

He rode into the night, accelerated his motorbike
I cried to him in fright, don’t do it, don’t do it, don.t do it.

He said to me you are the one I want to be with
He said to me you are the one who my love I shall give
One day he’ll know how hard I prayed for him to live
Please wait at the gate of heaven for me, Terry.

He rode into the night, accelerated his motorbike
I cried to him in fright, don’t do it, don’t do it, don.t do it.

He said to me you are the one I want to be with
He said to me you are the one who my love I shall give
One day he’ll know how hard I prayed for him to live
Please wait at the gate of heaven for me, Terry.

big packy

GARRY, no problem, let me know where you will be👍

Garry

BP
I will drive to near you in Cheshire, hence the coffee and not many pints for me. 😊👍

big packy

GARRY will try and get frodshambhoy as well, frodshambhoy if your lurking, do you fancy a cup of coffee with the best tim in the business😎 let me know👍

jimthetim53

SFTB, great song!

big packy

JIM, are you ignoring me or what. dont answer that, hey ive got other celtic sites to go on, who needs sentinel celts,, another not true story😎😎

Mike in Toronto

Celtic are still a shambles… but at least the new away strip looks okay.

https://www.glasgowlive.co.uk/sport/football/football-news/celtic-unveil-new-away-kit-20730792

Garry

BP
Would love to meet Frodshambhoy too.
He comes from less than a mile along Dumbarton Road from me Old Kilpatrick.
Birthplace of the patron Saint of Ireland, according to the local alkies. 😊

jimthetim53

Sorry Packy just spreading myself about! 🙂

Garry

MIT
I love that Dark Green Celtic shirt.
Belter.

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