soulboy 2,518 Posted August 27, 2015 Share Posted August 27, 2015 https://exposingtherhats.wordpress.com/2015/08/26/its-time-to-talk-about-celtic/ Link to post Share on other sites More sharing options...
B1872 20,718 Posted August 27, 2015 Share Posted August 27, 2015 https://exposingtherhats.wordpress.com/2015/08/26/its-time-to-talk-about-celtic/No chance will they cunts go into administration! Link to post Share on other sites More sharing options...
Helicopter Sundae 5,986 Posted August 27, 2015 Share Posted August 27, 2015 It’s time to talk about Celtic….. Posted on August 26, 2015 by exposingtherhats Rangers fans have always had a tendency to worry about our own club’s business and have a wry smile at fans of smaller Scottish clubs who’s envy is clear from their inability to stop discussing our club. Over the last few years social media has increased the voice of what appears to be a fairly large group of Celtic supporters who have a fanatical interest in Rangers. This crowd had great fun over the last few years with Rangers insolvency and various near death experiences. Now the club has stabilised financially these individuals have become increasingly desperate to find “exciting” negative Rangers stories to discuss and have been left to scrape the barrel with some hilariously obscure topics. My personal favourites have been “show us your nomad”, “who will Rangers choose as an accountant” and “can Dave King really fit that much wine in his cellar”. Infamously one prominent Celtic supporting social media account “John James” came up with the glorious conspiracy theory that one of Paul Murray’s former employers Deutsche Bank was actually a failing garden centre. All of this has of course been great fun for Rangers fans who are generally enjoying life just now with the team playing some great football, a rights issue which will ensure financial security for years to come just round the corner and full houses at Ibrox every week. For Celtic fans though this focus on affairs across the city has had a more serious consequence than just making them the butt of a few jokes, they have left their own board free reign to sleepwalk into a financial crisis. Given as of next season Celtic are going to be Rangers main title challengers and very much of relevance to us again I’m going to do something very “unstaunch” and arguably “un-Rangers” like and lay out in some detail the crisis faced by Celtic. Celtic’s last published accounts to end of June 2014 had a nice gloss to them £11 million profit, £6 million overdraft in place to help with the cash-flow problems commonly faced by football clubs. Dive a bit deeper and things get interesting, these accounts included around 35 million of income from the sale of several key players such as Wanyama & Hooper topping up their substantial Champions League revenues. In the accounts soon to be released revenue from player sales is massively reduced and of course Champions League Revenue is a distant memory. It’s too simplistic to say that Celtic have a £24 million deficit in their accounts without Champions League or player sales, Celtic have reduced their wage bill year on year since Rangers were demoted, costs are being cut in all areas of the club. There is still a massive structural problem there though. it’s fair to assume that the losses in the last year are enough to have eaten through the vast majority of that £6 million overdraft, even if cost cutting has had an impact it won’t happen overnight so they are probably looking at a structural annual deficit of £20 million. These figures are documented and available to anyone who has a spare 10 minutes to read the director’s summary on any of the last few year’s Celtic accounts yet with the focus on Rangers have attracted little attention. Last night changed that, Celtic are faced with no Champions League money and despite their relentless efforts to promote Virgil Van Dyke no £10 million player available to sell and plug the gap. More worryingly still with last year’s losses almost certainly putting them in the red there is no longer an unused revolving credit facility remaining. Another iceberg on the horizon is the £14 million of secured loans Celtic owe to the Co-op, these need to be repaid in full by 2019, given the new cautious lending criteria adopted by the Co-op group there is more chance of Celtic winning the Europa League than there is of them being granted an extension. My guess is their best hope if they can’t get the cash together would be a debt for equity swap but the terms would be onerous and would change the shareholder dynamic of the club forever. So what happens now? To me Celtic have 3 options, austerity of a level never before seen at a Scottish club with the aim of reducing costs by at least £15 million over the next year, a share issue which will give them some breathing space with cost cutting being possible over a longer period or perhaps the most controversial but certainly the most pragmatic approach of entering administration, shedding some of the Co-Op debt and slashing costs. None of these options will be overly palatable for Celtic fans but for the sake of Scottish football I sincerely hope Dermot Desmond will put his hand in his pocket and underwrite the share issue option. Lowering of standards helps nobody, I want the new controlling Rangers shareholders to be tested and invest as much as they can to get us back to the top, a Celtic collapse would allow us to do it on the cheap but won’t help us long term. I’ve addressed in this blog some issues which the media haven’t touched as yet, that will all change upon the release of Celtic’s next accounts with the “elephant in the room” of Celtic’s structural deficit being impossible to ignore. My understanding is that certain favoured journalists have been briefed by Peter Lawell that 6 first team players are being marketed to clubs down south and stories talking up EPL club’s interest in these player’s would be welcomed. This is a commonly used Celtic PR strategy to try and inflate the value of their players and it will go into overdrive for the next few days. In the lead up to the club’s accounts being released the Celtic board are also briefing journalists that season ticket sales have hit their lowest level since they moved to the new stadium at around the 30k mark. This will be discussed more openly in some media outlets as they try to scare fans into renewing. If I was a pretend journalist I would end this blog by saying I’ve submitted a list of daft questions to Celtic’s PR department, I haven’t because frankly I don’t care enough but as a gift to my many Celtic supporting followers here are a few you should be asking: How can Peter Lawell justify taking a 7 figure salary when we have a structural deficit of £20 million and the board of our main rivals work for free? What are the plans to tackle the structural deficit? Are the club looking to sell Lennoxtown to repay the secured loans? As the club appear to be trading insolvently have they explored the option of pre-packed administration? Regardless of the answer to these questions what is clear is that there are now two loss making clubs in Glasgow with no access to credit, Rangers existing shareholders have stepped up and pledged to fill our deficit, will the main men at Celtic have the money and desire to do the same? Developing story. 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B1872 20,718 Posted August 27, 2015 Share Posted August 27, 2015 Does anyone seriously think the tims will go into administration? Link to post Share on other sites More sharing options...
BRITNEY IS NOT FEELING IT 8,293 Posted August 27, 2015 Share Posted August 27, 2015 Does anyone seriously think the tims will go into administration?I've never thought about it but it sounds a cracking idea tbh Link to post Share on other sites More sharing options...
B1872 20,718 Posted August 27, 2015 Share Posted August 27, 2015 I've never thought about it but it sounds a cracking idea tbh I'd rather they never existed in the first place tbh Link to post Share on other sites More sharing options...
BRITNEY IS NOT FEELING IT 8,293 Posted August 27, 2015 Share Posted August 27, 2015 I'd rather they never existed in the first place tbhVery true but think of the laughter factor they bring mate , most of the time it's hilarious Link to post Share on other sites More sharing options...
johanhentze 14,089 Posted August 27, 2015 Share Posted August 27, 2015 If its true that they are trying to flog 6 of their first team players, then I think they are heading for trouble. They look pretty poor as it is and Hearts seem to be on form, just like last season. Link to post Share on other sites More sharing options...
B1872 20,718 Posted August 27, 2015 Share Posted August 27, 2015 If its true that they are trying to flog 6 of their first team players, then I think they are heading for trouble. They look pretty poor as it is and Hearts seem to be on form, just like last season.Used to always think if we sold the likes of McGregor, Davis etc then we'd have avoided administration. However that's for another day. Link to post Share on other sites More sharing options...
tannerall 25,935 Posted August 27, 2015 Share Posted August 27, 2015 Cellic now on track for their 5th European knockout in 2 years. (Ideally that would be against Legia Warsaw, who went in to next round earlier.) Link to post Share on other sites More sharing options...
sandyinroyalblue 16,478 Posted August 27, 2015 Share Posted August 27, 2015 If the morons who support the beggars hadn't spent the last three years obsessing about what was happening at Rangers maybe they would have noticed the quality of players at that shitehole absolutely nosediving. Link to post Share on other sites More sharing options...
Jelavic191 4,438 Posted August 27, 2015 Share Posted August 27, 2015 If its true that they are trying to flog 6 of their first team players, then I think they are heading for trouble. They look pretty poor as it is and Hearts seem to be on form, just like last season.Hearts do look to be on form but haven't played anyone decent yet. I believe they have to play last seasons top three over the next few weeks - Celtic, Aberdeen & Inverness. After that we should be able to see what kind of level they are at. Link to post Share on other sites More sharing options...
King Jela 20,361 Posted August 27, 2015 Share Posted August 27, 2015 Does anyone seriously think the tims will go into administration?No. Link to post Share on other sites More sharing options...
johanhentze 14,089 Posted August 28, 2015 Share Posted August 28, 2015 Hearts do look to be on form but haven't played anyone decent yet. I believe they have to play last seasons top three over the next few weeks - Celtic, Aberdeen & Inverness. After that we should be able to see what kind of level they are at.To be honest.. I think everyone in the SPL are able to beat each other. Hearts are not to be underestimated. Link to post Share on other sites More sharing options...
Ozblue 4,331 Posted August 28, 2015 Share Posted August 28, 2015 So back to business bears , what's the odds for septic to draw or get beat at the weekend ,after an away game in Europe ? It would have been interesting if they had Aberdeen or Hearts away, but St.Johnstone at home should be easy for them.Although I would piss myself laughing if they drop points after that fiasco in Sweden Link to post Share on other sites More sharing options...
Bigsasasfloppyhair 13,310 Posted August 28, 2015 Share Posted August 28, 2015 All we need is for then to do their obligatory cup fuck up and blow any potential treble for another year!!! They are a joke of a club, start of going for champion's league, then will win Europa, Europe was never an objective it's all about the treble and finally wittles down to oh we want to win the league n get 10 in a row just to appease the brainwashed fans!!!Can't wait to see them implode again!!! Link to post Share on other sites More sharing options...
thebluedoo 2,652 Posted August 28, 2015 Share Posted August 28, 2015 It would have been interesting if they had Aberdeen or Hearts away, but St.Johnstone at home should be easy for them.Although I would piss myself laughing if they drop points after that fiasco in Sweden Last season I am pretty sure after we had knocked St Johnstone out the cup, they then went and beat them at the girodome 1 nil. Hopefully they can do it again. Link to post Share on other sites More sharing options...
Ozblue 4,331 Posted August 28, 2015 Share Posted August 28, 2015 Last season I am pretty sure after we had knocked St Johnstone out the cup, they then went and beat them at the girodome 1 nil. Hopefully they can do it again.That's something I didn't know because I've basically not taken a bit of interest in the top tier of Scottish football since we got kicked in the nuts in 2012. Before that, I could have virtually told you every score and the clubs of where the majority of players played their football.It would be funny if St.Johnstone went to the piggery and stuffed that lot. Link to post Share on other sites More sharing options...
Captain Hilts 12,819 Posted August 28, 2015 Share Posted August 28, 2015 if we knocked them out of one of the cups the meltdown in the east would be immense. riots outside the tattiedome and everything Link to post Share on other sites More sharing options...
thebluedoo 2,652 Posted August 28, 2015 Share Posted August 28, 2015 if we knocked them out of one of the cups the meltdown in the east would be immense. riots outside the tattiedome and everythingIt would then become a huge conspiracy by "The Establishment" Link to post Share on other sites More sharing options...
BridgeIsBlue 66,606 Posted August 28, 2015 Share Posted August 28, 2015 if we knocked them out of one of the cups the meltdown in the east would be immense. riots outside the tattiedome and everythingThere will be huge civil disorder the next time we beat them. Link to post Share on other sites More sharing options...
stevo71 2 Posted August 28, 2015 Share Posted August 28, 2015 I just got sent a link to a Ronnie the Roaster thread on a Tim Fail Forum.I know ,i know but this is typical Tim mentality at its finest.--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Gonga 28 Aug 2015, 01:57 PMMaybe if Ronny got beaten up on the streets by a group of H*** it would create that swell of protection and energy that could be channeled in to our performances.------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Pig sick Beelin haters!They cant help themselves,,,,,,Edit,,, Forgot to mention i posted the same thing on a Scotsman Article and every single comment got wiped by someone there 2 seconds later!Bizzare when its full of posts Hating on Rangers. Link to post Share on other sites More sharing options...
OlegKuznetsov 10,816 Posted August 28, 2015 Share Posted August 28, 2015 Autopsyhttps://insidescottishfootball2012.wordpress.com/2015/08/26/the-fear-that-was-closer-to-home/ Guy will.no doubt get pelters for questioning yon RonaldFucking hell.He seems to think full stops are exclusively reserved for the end of a paragraph and that commas can end a sentence. Link to post Share on other sites More sharing options...
Land Rover 789 Posted August 28, 2015 Share Posted August 28, 2015 PZJ was right with his financial assesment of the tims , they are more than skint and in debt .The scum are starting to realise some of the shite they hear might actually be true .As has also been said , Rocket Ronnie isny a sleekit bigoted scumbag , so he's gonna get the boot for sure .I'm enjoying all this .....just a wee bit ...... Link to post Share on other sites More sharing options...
Kai_Johansen 978 Posted August 28, 2015 Share Posted August 28, 2015 Does anyone seriously think the tims will go into administration?NO Link to post Share on other sites More sharing options...
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