Celtic Diary Tuesday February 16: Accounts And Accountability

The Glasgow times website has a piece by that most balanced of journalists, Matthew Lindsay, in which he quotes a football finance expert, Keiran Maguire, as saying that there are

 

 ‘grim’ months ahead at Parkhead.

 

 

The article is behind a paywall, and as its by Lindsay its probably not worth the two quid for two months to subscribe, but as ever, you can find Maguires words elsewhere.

 

Like these ones….

 

“I don’t think Celtic fans should be too concerned about the club’s short-term or long-term future from a financial perspective. At times of crisis, cash is king, and the balance sheet shows the club still had £23m of cash in its bank account at the end of 2020.”

 

 

There is concern that Celtic have lost around £6m since the last set of accounts, but that has been offset with the sale of Jeremie Frimpong, so the books are being balanced, in a sense, and it’s probably not a surprise that the financial acumen of the board, perhaps their only saving grace, has been downplayed.

 

 

Other experts have jumped on the bandwagon, and so has Charlie Nicholas.

 

Image result for village idiot gif

 

 

“Celtic’s response to their latest financial results reads like the board are trying to pat themselves on the back by claiming they have done quite well through this pandemic.

Er, they have. Pains me to admit it, but they have.

“The club’s six-monthly figures leaves them with major losses on and off the park and with very little credit amongst their fan base. 

 

Fair play to Charlie, he knows all about what its like to have no credit -I think he means credibility- amongst the fan base.

 

They also failed to address any of the major issues at the club, such as the manager’s situation or plans for the future.

“The fans will be furious that the club have failed to reveal anything from their so-called review.  

 

He seems to be wanting to speak for the support, but isn’t sure what to say.

 

“They will soon be asked to come up with the money for season ticket renewals.

“They will dig deep, maybe not to the same levels as this season, but they will back their club. 

 

Three times I’ve read that. I know what he is saying, but not what he means.

 

But where is the hope? The board seem to be handling everything wrong and the whole situation has become a sad case.

 

Celtic have around £20m in the bank. There’s money from Frimpong’s sale to add to that, and there are more than enough assets on the playing field to see us through should we need to sell, even at a reduced price.

 

 

Something tells me the attention on Celtic is purely because they don’t want to talk about other clubs…. the game may well be on the brink of extinction, or at least major reform.

 

 

Maybe thats why Nicola Sturgeon gave the impression she can;t be arsed dealing with the latest breach of Covid rules over at Ibrox, who have self governed during the whole crisis, using their own testing companies and maybe using a high degree of selectivity in their reporting of any incidents.

 

In a sport rife with infection, they seem to have got off rather lightly , and it does beg the question as to why the company they deal woth weren’t handed a government contract to keep us all safe.

 

Then we could have all been going to parties as well…..

 

Meanwhile, Sturgeon has said;

 

“It shouldn’t take me standing here to say to highly paid footballers that you’ve got to obey the rules. It really shouldn’t take that.”

 

as she adopted a policy of splendid inertia….

 

Reminds me of the old Robin Williams line about unarmed British police…

 

“Stop-or I’ll shout stop again ”   

 

She’s not interested in any breaches from Ibrox, and neither are the media, who still haven’t named those who have been handed penalties by the police, who have adopted the refereeing standard of handing out penalties to “rangers ” players, albeit in this instance with good reason.

 

In fact, as we shall see when the Ibrox club/company win this years league title, they won;t even congratulate them on their first major trophy.

 

They will call it the 55th.

 

 

And of course, it isn’t.

 

In a lengthy and detailed article published yesterday, Phil MacGhiollabhan did what no Scottish hack dares to do, and exposes the lie for what it is.

 

The Lie of 55

 

It contains well researched evidence that destroys the same club myth, based on UEFA rules.

 

And also asks questions about Article 12, which could land the Scottish authorities in a bit of bother, as it seems they are in breach, but read it, and make your own mind up.

 

Article 12 is the one which covers “any change to the legal form of a club “, including “transfer of football activities to another entity

 

Image

 

Image

 

Which I’m sure the SFA have informed UEFA of, and that is why Rangers did not feature in European football the season after their liquidation, although if they were the same club, they would have, having qualified for a place.

 

Then again, the Traverso letter, never itself quoted in the media, explains that bit…

 

Thats the one that clearly says they are a new club.

 

 

So are they ?

 

Neil Doncaster is in charge at the league, well, at least in name.

 

In January 2015, he said;

 

“In terms of the question about old club, new club, that was settled very much by the Lord Nimmo Smith commission that was put together by the SPL to look at EBT payments at that time.

“The decision, very clearly from the commission, was that the club is the same, the club continues, albeit it is owned by a new company, but the club is the same.

“It’s the same club, absolutely.

“Those clubs may be owned by a company, sometimes it’s a Private Limited Company, sometimes it’s a PLC, but ultimately, the company is a legal entity in its own right, which owns a member club that participates in the league.

“It was put to bed by the Lord Nimmo Smith commission some while ago – it’s the same club.”  

 

 

That is a lie.

 

If Doncaster is lying about this, what else is he lying about, and more importantly, why is he still in a job ?

 

 

And even more importnantly, Peter Lawwell said to me once upon a time that Doncaster only does the bidding of the clubs, including Celtic….

 

 

So, when he said this, did he have the full approval of the Celtic CEO ? 

 

 Someone should clarify this, before they ask for season book money…. 

 

 

We’e already mentioned one American stand up in Robin Williams, and when it comes to our board and the support, I’m in mind of another, the late great George Carlin…

 

THEY DON’T GIVE A FUCK ABOUT YOU! THEY DON’T CARE ABOUT YOU. AT ALL. AT ALL. AT ALL!

 

Yeah. You know.

And nobody seems to notice. Nobody seems to care.

That’s what the owners count on. 

 

Well, maybe it’s time to remind them exactly whose club it really is.

 

 

 

 

Caption time, and yesterday we had this….

 

 

Image

 

Puggy67
 22 hours ago

It’s my party, and I’ll die if I want to
Die if I want to
Die if I want to
You would die too, if it happened to you

Nobody knows where Alfredo has gone
The stripper left the same time
Why was he holding her hand
That could get him a fine?

It’s my party, and I’ll die if I want to
Die if I want to
Die if I want to
You would die too, if it happened to you

Play Derry’s Walls, keep dancing all night
But stay six feet for a while
‘Til Alfie’s at Inter/AC
I’ve got no reason to smile

It’s my party, and I’ll die if I want to
Die if I want to
Die if I want to
You would die too, if it happened to you

Fredo and Fantasia just walked through the door (walked through the door)
Like Randy Andy and a young thing
Oh, what a party surprise
Fantasia’s rubbing her ring.

It’s my party, and I’ll die if I want to
Die if I want to
Die if I want to
You would die too, if it happened to you

 Today….
Image result for neil doncaster celtic

 

 

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Bognorbhoy
3 months ago

Caption…
Woman …I Think I Can Smell Shite, Yes I Can Definitely Smell Shite

Cesar
3 months ago

Nimmo Smith told me he’s goat baws this big, we crunched knuckles and the rest is history.

Mike.
3 months ago

Ban the Covid Four till seasons end, It’s up to Ian Maxwell to prove if he is a man or Micky Mouse.
Jordon Jones and George Edmundson received a SEVEN game ban, Morelos and Roofe are currently suspended. The Covid four committed a serious breach of Covid rules (one of many). Boli got a three game ban as the Celtic games were postponed, giving them a clear advantage. They have played 29 games so 9 games to go, so the precedent has been set.
Big Jock actually said ‘Without fans who pay at the turnstile, football is nothing’, so the interim figures prove that he was absolutely right. No fans, no atmosphere and a reduced income. Football today is a pale imitation of itself, as the games are played like a training game. The fans have the power to force change more than ever before, as season ticket renewal is just weeks away…

Puggy67
3 months ago

Sevco should be docked points for a second offence. Let’s say 9, aye 9, that would be about right.

Whitearra
3 months ago

Was there any particular reason for the First Minister’s inclusion of Celtic in her statement yesterday?

3 months ago
Reply to  Whitearra

a pound to a penny if the mob near Govan have to give up the 4 neds ,i bet it will come out as they are only fringe players ,, you couldnt give this mob a riddy with a blow-torch Hail Hail .

Funkyy
2 months ago
Reply to  john mc guire

And they’ll get slipped a mini EBT for taking the fall.

OrmeauBhoy
3 months ago

Caption…

“I smell shite”

Cartvale88
3 months ago

Caption
Narnia really exists, and they have a money tree that keeps giving.

The gnashing if teeth about the softsoaping of all things Sevco is down to our spineless boar lead by the Wankier and

pilsbury dough bhoy
3 months ago

Caption:
“And then I clap my hands together and one becomes fifty five. Now that’s what I call magic”

Gerry
3 months ago

Long time fan of the site but seriously all this garbage about SEVCO going bust needs to stop. We’ve been hearing this since they were born, it’s not going to happen. General Ashley ain’t going to March his tanks down Edminston Drive and ring fence any money. Do you really think their directors are not going to find money to keep the lights on when they are on the cusp of their first trophy. Regardless of the SFA, referees, SNP and whoever else helping them we have completely fucked it by not sacking Lennon by October at the earliest. Also we have been spent so long obsessing over what happened 10 years ago when no one else cares. Not the SFA, UEFA, the media or the Governmnet. We can shout and howl about how they are a new club but it means nothing, they will still be in debt yet get a European licence and continue to spend money they don’t have. The Old firm is back and we all need to take part of the blame for this, guys like macghillobhan are a joke to most folk and have no impact whatsoever. The truth is what you want to believe and to most people in Scottish football, the truth is this will be the 55th title for Rangers.

Monti
2 months ago
Reply to  Gerry

Aye ok Billy.

TicToc
2 months ago
Reply to  Gerry

Absolute and utter shite, “Gerry”, you haven’t a clue what you’re gibbering about.

Andrew Coyle
3 months ago

CAPTION,So i told The Rangers you are the same great club,
Just like that .
Just likd that

3 months ago

Scottish Association Football, the most sectarian, bigoted,financially and morally corrupt sport in the world, and its nearing that time of the year again, when Celtic supporters are asked tae part with their hard earned cash tae keep the whole stinking, corrupt shitshow on the road…. “Get tae the back of the bus Timmy, but pay us loads of money first”……Not for me anymore, I’m done with it.. HH

jimmea
3 months ago

If you know you are being cheated then why still pay for the privilege? I gave up 2 books back when the allowed newco into the league.
I wrote a letter to the club stating why but never received any reply. Since then the cheating and collusion has only got worse! SFA, Hun refs, our Tory board and the constant cheating by the Huns has only strengthened my view the the game only exists to keep the old firm brand alive.
It really saddens me not going to the games anymore but why should I or any others keep paying for a rigged game? The only way to stop it sadly is cut off the supply of money to the club, and if enough people do so then maybe, just maybe they’ll be forced to act.

Reply to  jimmea

Its THE GAME in Scotland that the money supply needs to be cut off….simply cutting of money to the club only hurts Celtic….The whole swamp needs to be drained for real change to take place …and chance of a restart without SFA and cheating North Lanarkshire Referees….then we might get a game based on fair play for all….

desdamoaner
3 months ago

caption. who the fuck is this clown?

portpower
3 months ago

I remember this interview. The sign behind says it all about Doncaster.

Caption: Leader sin Football.

R.St.Parsley
3 months ago

Caption:
‘Well, people say Ah’m a tit and a diddy who should have been papped oot o’ office years ago but we all have oor knockers. If Ah’ve made a boob can Ah no’ just make a clean breast o’ things’.

portpower
3 months ago

Carn Stewart Robertson, tell us some existing company secrets.

3 months ago

Caption “In 8 years time, what will they do? They’ll no nothing!”

mabozzaRitchie
3 months ago

wee jimmy crankie is a hun

Mike.
3 months ago

When your arse is red and sore,
that’s when you realise that you are wearing.. Castore.
When your top is worn and your sweating from every pore,
That’s Castore,
If your top is frayed and the threads you cannot ignore,
Yes,that’s Castore.

JimboH
3 months ago

Caption….
Donkeycaster..’ but, but look, see it was only a little lie.’.

3 months ago

If the Bolingoli and Aberdeen players were the yellow cards then it can only be right that the red card is issued. This is the third breach of rules by sevco.
Dundee Utd friendly the two players who weren’t actioned by the sfa or the goverment but by sevco themselves, and now this.
Action must be taken by the sfa not by sevco. A deduction of points as everyone was crying out for to happen to Celtic or a ban of 5 games. We had to play 3 games with reserves because of the Jullien incident. How come the sfa knew who couldn’t play yet the huns still haven’t disclosed who was involved yet. Will they be allowed to travel to play in Europe?

3 months ago
Reply to  Jimmybee

Jones and Edmundson were banned by the SFA for 7 games.

The reason we had 13 players unavailable for 2 games was because of Julian’s positive case and lack of social distance.

3 months ago
Reply to  The Cha

Cheers m8

2 months ago
Reply to  Jimmybee

The trouble is there’s no-one to hold the Huns to account as our board don’t make “hasty decisions”, which is a strange way to describe doing the right thing.

portpower
2 months ago
Reply to  The Cha

They have created a test tube monster and there is no end at hand.

sevco unleashed FC.

Mike.
3 months ago
Reply to  The Cha

With Jones and Edmundson, the Huns carried out an internal investigation after they attended an illegal house party and banned them for two games. It was a few days later that the SFA stepped in and issued a seven week ban. Sure I read that it was the leaders of the SPFL that reported this same breach to the Huns, on Saturday. That being the case, the SFA will know of it and will have to act on it. Of course the Huns are trying to deflect, by suggesting that it is the younger players wot dun it and by shutting it all down. But its also suggested that at least two full team players were involved. You would think that after the seven game ban, the ban if it comes would need to be extended.

JimboH
3 months ago

Caption..
‘ look, I thought it was a normal Ludge meeting and I was having a wee swallow frae the punch bowl. How was I to know it was the fabled Ibrox Loving Cup and that the Sevco Board used it to distil all their pish.’.

Magdalena’s Chestnut Gelding
2 months ago

For anyone who hasn’t read the tainted and predetermined whitewash that was the privately commissioned Nimmo Smith Report, the takeaway line that every person in this land ignores is “Rangers ceased to be a club” seconded by his comment about the cheating being akin to “match fixing”.

Funny that…………….

Caption

“After taking everything into consideration I conclude, in the best interest of the body of Scottish football, that my knob is this big” said Neil
“Aye right you are Bingo from the Bananaspits!” said the lady to his left

Caption 2

“F&@k Right Off Neil you F£&king cheat sponsoring slime ball Pr!!!!!!!!ck” said me!

Yoker Bhoy
2 months ago

Celtic starting XIBain; Kenny, Welsh, Ajer, Taylor; Soro, McGregor, Turnbull, Christie; Edouard, Ajeti
Aberdeen starting XILewis, Hoban, Considine, Taylor, Hayes; McCrorie, Ferguson, Campbell, Kennedy, Kamberi, Hornby

Monti
2 months ago

There wance wiz a guy cawed Mike,
No the brichtest in fact talked shiite,
No mater the wither, in rain or in sun,
There he is each day sat in his Fergusson.
Fae Winter tae spring he cannae hear a fvkin hing,
A nicer man ye’d be struggling tae meet,
His lad the Wolf Tone the same, a bonny big lad, tae meet wis a treet.

So Mike i raise ma gless to you & your wit,
You make us laugh like McGraw the fkwit.

I’m watching the telly as i write this i wish,
The adverts come oan, i need a piish.

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