Celtic fans very bitter about Riley

Soutra said:
Well where to start? For the last accounts on record, which are to Jun 30 2020 -

Revenue <£20 million
Expenses >£35 million
Player Amortisation >£18 million
Gross Loss £16 million
Net Loss >£ 30 million

Accumulated losses >£206 million
Shareholder Value >£-86million

I doubt 2020/1 will be any better, given the Covid disruption.

Celtic's revenue in the last published accounting period (2020/1, one year later) was £60 million, with a loss of £11 million. The company has a positive value, and is rated as one of UEFA's top 32 teams, according to Statista. So Celtic value this guy at less than MFC, when they can afford to pay more. Maybe MFC can see something that Celtic can't, which is quite possible, or Boro might have signed the next Assombalonga. We'll see.

Lots of you are derisive of Scottish football, but football in Scotland is sustainable, whereas in England, save for a very few rich clubs, it clearly isn't. I want MFC to be around in a hundred years, but unless someone appears out of the woodwork with a billion quid to throw at the club, it's not going to be.

So, the financial mess that MFC dug for itself, and continues to dig for itself.
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You seen far more interested in and concerned about Celtic than you do about Boro - maybe your supporting the wrong club?
 
Soutra said:
What stats - other than revenue and liquidity - would you use to determine how much a club can pay? The two are completely interlinked. No football club is is going to have revenue of £20 million and a billion in the bank.

Celtic don't want to pay whatever it is that Boro is offering, so they've given up on it. Let's not get carried away with notions that he might have always wanted to play for the Boro, or it's a lovely town, or he's always wanted to play with Paddy McNair, or red is his favourite colour. Boro has offered more money, that's the long and short of it, and he's going for it. Understandable, but is MFC in a position to be paying over the odds for anyone?
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Its because playing some Latvian plumbers or Ross County on a Tuesday night doesn't get the juices flowing!

His chance of getting a eye watering next contract in the PL or testing himself at the highest stage possible are greatly enhanced in the championship rather than the Scottish premier league. "Blowing Celtic out the water" probably involves about 5k a week, which equates to less than 1mil over his contract. Mere chicken feed if we get to the prem or sell him for more than his purchase fee. Something Steve Gibson must be confident will happen
 
Subbuteo_171 said:
Sadly TV money domestically and in European competitions has ruined Scottish football. When clubs in the second tier of English football have more clout than the 2 biggest teams in Scotland, and third/fourth tier similar to the likes of Dundee United/Hearts/Hibs/Aberdeen there is something wrong, competition has been completely skewed.

We shouldn’t be celebrating that fact, we should commiserate.
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I do agree with a lot of that. However, I don't think financial inequality between countries is the only factor leading to the decline of the SPL.

Financial inequality has skewed competition within the SPL to the extent that it has become stagnant, which in turn, has made the SPL an unattractive TV market. England has had 9 different champions since anyone other than the Auld Firm won in Scotland; that goes back as far as Everton in 86/87. There may rarely be more than 2 teams in the race in England, but they have changed over time. I'd think the likes of Spurs, Villa and *shudder* Newcastle are all more likely to be English Champions before anyone outside the Auld Firm is champions in Scotland.

Given that the financial inequality within Scottish football has benefited Celtic and Rangers massively, I don't feel much sympathy for them when they meet greater financial competition from outside their division. I do feel sympathy for the likes of Hibs, Motherwell and the rest.
 
Soutra said:
Investment (noun) - the action or process of investing money for profit.

Those MFC losses are just failed "investments".
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Failed investments are still investments though, I agree the last decade they have been failed. We invested 21mill into Britt alone in the belief it would accrue a 180mill premier league jackpot. But there is a worse way of ensuring you don't get access to that revenue increase, that's not investing at all. A better strategy for Gibson would have been the Jorge Mendes relationship that we let slip through our fingers, for Wolves benefit.

Soutra said:
Actually, the whole business of football doesn't involve "investment", it just involves throwing money around in the hope you won't lose it all.
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Well that view has certainly got legs. It's often true, although I think Mike Ashley shoed you can run a club at profit and sell the investment for even more profit....not sure that it's possible to do that and be popular though
 
Subbuteo_171 said:
Sadly TV money domestically and in European competitions has ruined Scottish football. When clubs in the second tier of English football have more clout than the 2 biggest teams in Scotland, and third/fourth tier similar to the likes of Dundee United/Hearts/Hibs/Aberdeen there is something wrong, competition has been completely skewed.

We shouldn’t be celebrating that fact, we should commiserate.
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I don't think anyone is celebrating it, personally I'm ambivalent to them, they have little to no relevance in my life. The last time I even checked a celtic result was when Mogga was manager
 
a tin pot club in a tin pot league.

They are no better than a top half Championship team at best, and would not survive 1 season in the Premier league regardless of how big a club they are or how big the gate is.
 
I think over time Celtic and Rangers would do well competing in the English leagues. They're big clubs and would eventually be able to attract big name players.

If they tried competing now however, with their current squads they'd be relegated. SPL is probably the equivalent of our League One in terms of standards.
 
The context of the leagues are very important.

Celtic are the strongest club financially in Scotland, what they spend is the pinnacle of every club there.
Part of the reason their transfer records are comparitavely low is because they need to spend far less to blow other Scottish clubs out of the water.

Obviously the English leagues are also richer, bigger, better and with more teams with financial clout.
But you'd expect that given England is a much, much larger country in terms of population.

We've got to compete against 24 other teams in the division for signings, with another 20 teams above that are able to blow us out of the water financially.
To remain competitive, we often have to bid sizeable fees.

Celtic have to compete with 1 club, and they have the advantage in finances.
The other 10 clubs in their league are also rans and have been for well over 30 years, and there were only brief periods before that where they weren't.
 
I also have absolutely no doubt that Celtic and Rangers would be capable of reaching the top flight if they entered the English league pyramid.

They're well supported and historic clubs in the 4th largest city in the UK.
Their appeal would only increase if they were in by far the richest league system in the world.

Whether they'd be able to compete for honours consistently is a different question, but it would certainly be possible with investment.
 
Anton_Berg said:
We're paying a 'small club' premium to turn a player's head. Not a good look and might be divisive later.
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are we? as much as celtic have a huge fanbase and can offer champions league football.. the overall quality of football is pretty poor.

the championship is much better than it ever has been, boro are on the ascendency and premier league football looks to be on the horizon.

Craig Johnston, Mark Shwarzer, Mark Viduka we will be very much on the radar of any good Australian football player imo.. not to the historical ties our small town has with Australia.. Rhys Williams, Luke Wilkshire, Brad Jones, Tony Vidmar, Scott McDonald, Paul Okon LOADS!!

They have 'the Parmy' over there as well (it's a parmo don't worry)
 
newyddion said:
are we? as much as celtic have a huge fanbase and can offer champions league football.. the overall quality of football is pretty poor.

the championship is much better than it ever has been, boro are on the ascendency and premier league football looks to be on the horizon.

Craig Johnston, Mark Shwarzer, Mark Viduka we will be very much on the radar of any good Australian football player imo.. not to the historical ties our small town has with Australia.. Rhys Williams, Luke Wilkshire, Brad Jones, Tony Vidmar, Scott McDonald, Paul Okon LOADS!!

They have 'the Parmy' over there as well (it's a parmo don't worry)
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When you say 'offer champions league football' they have offered the qualifying round for the past 3 seasons - not much of a draw is it? 'come and lose to Rosenburg or Macabi Haifa' whoopee!
 
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