Rugger Guy and Phil Mac

Spherical Planet

Well-known member
I don't pretend to understand finances, nor how the financial world operates, Lubo.

What I do know (from personal experience) is that it is vital to cut your cloth accordingly and to live within your means.

Whilst these accounts provided are unqualified by those within the club - they appear to be accurate within a 5% differential either side of the true bottom line.

The board have earned the ire of the fans at various junctures during their stewardship of the club, but it would be fair to say that they run a tidy gaff which still prospers within it's means.

They took a bit of a punt on Ange and his exclusive signings (I still believe he didn't have complete and full authority of the signings in season 1) and it has paid huge dividends in terms of silverware, a presence on the European stage, and an explosive boost in the value of many of our key players.

In the fantasy world, it would be great to go and dish out huge transfer fees and salaries on world-class talent, but Celtic (nor ANYONE in Scotland) can speculate to that extent in the real world of hard currency and meagre incomes.

It's true that the board are very much of the chinless wonder variety, but credit where it's due - the good ship Celtic continues to sail at a steady rate of nauts and doesn't appear to be in danger of capsizing anytime soon.
 

Bridie Bhoy

Well-known member
It is interesting that we included a negative of £6m on the value of our total assets to account for the drop in value of certain players (Jullien, Ajeti & Barkas, I'm assuming). This is highly unusual for a football club to do, but so very sensible.

Remember back in 2008 when Deadco were in breach of UK laws and very technically operating while insolvent, they got round this by doubling the valuation of their owned properties overnight so that they could sign off on their accounts. At the time they were valuing their property at tens times the value of Celtic's property. I guess asbestos must have shot up in value that year!
 

TTQtKK⚠️

Well-known member
It is interesting that we included a negative of £6m on the value of our total assets to account for the drop in value of certain players (Jullien, Ajeti & Barkas, I'm assuming). This is highly unusual for a football club to do, but so very sensible.

Remember back in 2008 when Deadco were in breach of UK laws and very technically operating while insolvent, they got round this by doubling the valuation of their owned properties overnight so that they could sign off on their accounts. At the time they were valuing their property at tens times the value of Celtic's property. I guess asbestos must have shot up in value that year!
And then all the assets were sold for £5M a few years later. Asbestos market must’ve crashed, who saw that coming!
 

Bridie Bhoy

Well-known member
And then all the assets were sold for £5M a few years later. Asbestos market must’ve crashed, who saw that coming!
This is what Charles Green spent his money on:

Assets Price Goodwill £1
SPL Share £1
SFA Membership £1
Leasehold Interests £1
Stock £1
Player Contracts & Registrations £2,749,990
Plant & Machinery £1,250,000

Note: no mention of buying the history of Deadco - that myth was invented later to claim those titles (including the ill-gotten gains when their EBT-enhanced side stole trophies against the rules).
 

TTQtKK⚠️

Well-known member
This is what Charles Green spent his money on:

Assets Price Goodwill £1
SPL Share £1
SFA Membership £1
Leasehold Interests £1
Stock £1
Player Contracts & Registrations £2,749,990
Plant & Machinery £1,250,000

Note: no mention of buying the history of Deadco - that myth was invented later to claim those titles (including the ill-gotten gains when their EBT-enhanced side stole trophies against the rules).
When you see it laid out like that all I can think is how it was considered even legal. Much as they overvalued themselves before this, the whole operation was worth much more.
 

boab1916

Well-known member
This is what Charles Green spent his money on:

Assets Price Goodwill £1
SPL Share £1
SFA Membership £1
Leasehold Interests £1
Stock £1
Player Contracts & Registrations £2,749,990
Plant & Machinery £1,250,000

Note: no mention of buying the history of Deadco - that myth was invented later to claim those titles (including the ill-gotten gains when their EBT-enhanced side stole trophies against the rules).
"Player Contracts & Registrations £2,749,990"

He must have gambled all on achieving a CVA, because he certainly lost the players contracts in liquidation when TUPE kicked in, what a wanker. God bless HMRC.
 

CarlisleReiver

Well-known member
£30m in the bank, which football club has this now? Not many! In the world of football debts and rising interest rates Celtic football club is in such a stable financial position. This £30m means that we don't have to sell any player on the cheap, and can plan for the future without knee jerk decisions.

Really happy with this, and if we can win the league again, and get the Champions league spot then our position of strength will be improved.

The PLC has given Ange a good poker hand, he just has to play his card correctly.


Further is bright the future is green and white.
 
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