In this week’s Huddle Breakdown, Alan and James take apart Celtic’s boardroom statement, describing it as condescending, incompetent, and contemptuous of supporters.
Why do we think we have 100m+? Not arguing, I trust the pod, a lot of respect for Alan and Juco (no offense Martin and Laura, not sure how stato you 2 are as the fans reps on the various 'casts) on that side, I'm a economics idiot, the report obscures, thru a fire hose of data, and I don't know enough about finance to even interpret to just do a simple:
total revenue - total cost = profit
... equation to even look at 70% FSR rule to do the:
profit * 0.7 = max spend
Max spend - total spend = FSR result
IF FSR result is positive THEN
outcome = 'Healthy'
IF FSR positive result is big THEN
healthy FSR outcome = 'WTF?!!'
ELSE
healthy FSR outcome = 'Yay!'
END IF
ELSE
FSR result is negative: oh oh
END IF
... sorry, old coding stuff invaded my thinking :P
Can someone explain this to me? I have dyscalculia so hit me like I'm 5-years-old on this.
As usual HARD agree with Alan about decisions to punish Celtic don't hurt the board they help our opponents in the media and the SPFL. A lot of hurt and resentment leading to hosts of other pods cancelling Europa League away packages. I see their point and sympathize with the hurt but we are just hurting our club's chances, NOT it's incompetent board. HH
(Damn it! They take out my tabs... replaced each with 4 spaces. Took em out again! lol)
Hmmm. I want to see Celtic do well but I’d consider myself more an enthusiast than a supporter, and I tend to look from the outside.
I understand the notion of “don’t do anything that could diminish the team and the performance on the pitch” but that simply illustrates how just about any football club ownership has just about any set of supporters over a barrel.
We live in rentier capitalist world where subscription models for revenue streams are becoming (or have become) the norm and where the goal is to repeatedly extract money from semi-captive consumers.
Many years ago I had a very small amount of money in the Lindsell Train Global Equity Fund, a fund which included investments in among other companies Celtic and Juventus and which I think is still the second-largest shareholder in Celtic.
In an online article in 2018 FE Trustnet quoted one of the fund’s co-managers Michael Lindsell on its interest in Celtic.
One long shot (and he recognised that it was a long shot) was that Celtic might move into a different league or situation where media rights income could take off. Another perhaps more realistic possibility was that it could better exploit the potential of the Celtic diaspora worldwide.
However the article summed up a key aspect of the fund’s 2018 view by saying: “While there is nothing to suggest that the club will materially change in the short term, it is now run by businessmen who will likely monetise the club more successfully moving forward”.
Now, if financially driven major shareholders of Celtic were given unmistakable evidence that that was no longer the case it might just change their outlook.
But it is of course a difficult decision for a supporter who wants to be there to back his or her team.
According to Celtic FC:
Celtic plc Interim Report December 2024
Revenue reduced by 2.1% to £83.5m (2023: £85.2m)
Period end cash of £65.4m (2023: £67.3m)
Why do we think we have 100m+? Not arguing, I trust the pod, a lot of respect for Alan and Juco (no offense Martin and Laura, not sure how stato you 2 are as the fans reps on the various 'casts) on that side, I'm a economics idiot, the report obscures, thru a fire hose of data, and I don't know enough about finance to even interpret to just do a simple:
total revenue - total cost = profit
... equation to even look at 70% FSR rule to do the:
profit * 0.7 = max spend
Max spend - total spend = FSR result
IF FSR result is positive THEN
outcome = 'Healthy'
IF FSR positive result is big THEN
healthy FSR outcome = 'WTF?!!'
ELSE
healthy FSR outcome = 'Yay!'
END IF
ELSE
FSR result is negative: oh oh
END IF
... sorry, old coding stuff invaded my thinking :P
Can someone explain this to me? I have dyscalculia so hit me like I'm 5-years-old on this.
As usual HARD agree with Alan about decisions to punish Celtic don't hurt the board they help our opponents in the media and the SPFL. A lot of hurt and resentment leading to hosts of other pods cancelling Europa League away packages. I see their point and sympathize with the hurt but we are just hurting our club's chances, NOT it's incompetent board. HH
(Damn it! They take out my tabs... replaced each with 4 spaces. Took em out again! lol)
Hmmm. I want to see Celtic do well but I’d consider myself more an enthusiast than a supporter, and I tend to look from the outside.
I understand the notion of “don’t do anything that could diminish the team and the performance on the pitch” but that simply illustrates how just about any football club ownership has just about any set of supporters over a barrel.
We live in rentier capitalist world where subscription models for revenue streams are becoming (or have become) the norm and where the goal is to repeatedly extract money from semi-captive consumers.
Many years ago I had a very small amount of money in the Lindsell Train Global Equity Fund, a fund which included investments in among other companies Celtic and Juventus and which I think is still the second-largest shareholder in Celtic.
In an online article in 2018 FE Trustnet quoted one of the fund’s co-managers Michael Lindsell on its interest in Celtic.
One long shot (and he recognised that it was a long shot) was that Celtic might move into a different league or situation where media rights income could take off. Another perhaps more realistic possibility was that it could better exploit the potential of the Celtic diaspora worldwide.
However the article summed up a key aspect of the fund’s 2018 view by saying: “While there is nothing to suggest that the club will materially change in the short term, it is now run by businessmen who will likely monetise the club more successfully moving forward”.
Now, if financially driven major shareholders of Celtic were given unmistakable evidence that that was no longer the case it might just change their outlook.
But it is of course a difficult decision for a supporter who wants to be there to back his or her team.
So where do we trial for the development squad? Will there be minutes or is there more of a Steve Clarke type approach? 😆
Jokes aside, fun episode as usual.