But does the £10m CL cash not include gate receipts?
As for the UEFA Cup, in the QF if we we had 50,000 at £35.00+ then that's £1.75m plus TV money, related commercial cash and UEFA prize money then it's well abiove your £1m.
It is in terms of turnover but not in terms of Profit - and its only the profit we can spend NOT the whole lot - thus I dont think a UEFA leg will add more than £1M to transfer kiity/debt reduction. I just wanted to dampen the thoughts that there was £20M - £25M kicking about (so to speak) for transfers / debt reduction - I dont think it is nearly that high - but still very healthy!
So what are the costs that reduce the turnover of, say, £2.5m to a profit of £1m? They must be minimal, and nowhere near £1.5m you are suggesting.
I certainly agree that there isn't £20-£25m floating around for transfers/debt reduction as I pointed out in my initial post in this thread, but each round in the UEFA is worth more than £1m.
Wages, win bonuses, tax, interest repayments on our debt, player accomodation, travelling expenses for away legs, policing, stewarding and...............................Andy Cameron.
I remember the year Celtic got to the final. There next years financial results werent great. Consensus was that getting all the way to the UEFA final was the financially equivalent to a poorish champions League season. We have had only 4 rounds compared to Celtics umpteen, including 2 moneyspinners against English clubs.