The on topic thread 4.0

[chef]

I guess we've been lucky to have 2 owners in a row who dont care about burning money.

 

[chef]

 

[Zidane98]

Is this the Dyche ball effect?

 

[RossFC]

 

[moomba]

Not sure why clubs making profit is celebrated. Discount your tickets. Buy better players. Build infrastucture.

Money in the pocket of the owner of your club is no reason for any supporter to celebrate.

 

[moomba]

In 1992 (from memory) Man United was valued at about £10m. They're now valued in the billions.

They've made losses of a couple of million in the meantime. Someone is getting rich and we've got a whole generation of supporters cheering them on because a decade or so they were told that losses were a bad thing.

 

[glenferry23]

 

[RPCB]

In 1992 (from memory) Man United was valued at about £10m. They're now valued in the billions.

They've made losses of a couple of million in the meantime. Someone is getting rich and we've got a whole generation of supporters cheering them on because a decade or so they were told that losses were a bad thing.

The Glazers have not put one single pound of their own money into the club since they bought it 21 years ago. All they’ve done is take.

 

[SM]

Not sure why clubs making profit is celebrated. Discount your tickets. Buy better players. Build infrastucture.

Money in the pocket of the owner of your club is no reason for any supporter to celebrate.

Why does profit mean it's money in the owners pocket? Profit can be invested by the club in a sustainable manner. Running at a loss also means you're at the whim of the owner financing and underwriting those losses, increasing risk in the event the owner can't continue to underwrite the losses.

Or do you think all owners just empty the club accounts on 30 June?

Surely the bigger factor is director fees/dividends for owners, not the literal profit or loss? Owners can take just as much money out of a loss making club if they want.

 

[SM]

In 1992 (from memory) Man United was valued at about £10m. They're now valued in the billions.

They've made losses of a couple of million in the meantime. Someone is getting rich and we've got a whole generation of supporters cheering them on because a decade or so they were told that losses were a bad thing.

United is a really weird example to use when their owners are some of the worst culprits for taking dividends even when the club is losing money. The ability of a club to make a profit or loss rarely has a bearing on an owner pocketing money.

 

[Hamingja]

Not sure why clubs making profit is celebrated. Discount your tickets. Buy better players. Build infrastucture.

Money in the pocket of the owner of your club is no reason for any supporter to celebrate.

Are you interested in a job on the Celtic board?

 

[Hamingja]

Why does profit mean it's money in the owners pocket? Profit can be invested by the club in a sustainable manner. Running at a loss also means you're at the whim of the owner financing and underwriting those losses, increasing risk in the event the owner can't continue to underwrite the losses.

Or do you think all owners just empty the club accounts on 30 June?

Surely the bigger factor is director fees/dividends for owners, not the literal profit or loss? Owners can take just as much money out of a loss making club if they want.

Celtic have over 70 million in the bank for no purpose whatsoever other than to say they make profits year on year.

It just sits there as they sell all our decent players and then refuse to pay market rate to buy replacements.

Before the champions league qualifiers they had paid more in corporations tax on their profit than what they invested into the squad.

No attacking players left so they played out two 0-0 draws against a team from Kazakhstan and got knocked out on penalties.

They don't pay the money out as dividends to the owners, they don't buy players, they don't improve the stadium. The money just sits in their bank account.

The accountants and lawyers in charge can pay themselves bonuses for making a profit, they are literally the only people who benefit from it.

 

[SM]

Celtic have over 70 million in the bank for no purpose whatsoever other than to say they make profits year on year.

It just sits there as they sell all our decent players and then refuse to pay market rate to buy replacements.

Before the champions league qualifiers they had paid more in corporations tax on their profit than what they invested into the squad.

No attacking players left so they played out two 0-0 draws against a team from Kazakhstan and got knocked out on penalties.

They don't pay the money out as dividends to the owners, they don't buy players, they don't improve the stadium. The money just sits in their bank account.

The accountants and lawyers in charge can pay themselves bonuses for making a profit, they are literally the only people who benefit from it.

Scotland is obviously very different to the pl, come on now.

 

[Hamingja]

Scotland is obviously very different to the pl, come on now.

It is still supposed to operate as a football club first and foremost

 

[Frank Bunn]

Scottish football is a bit like AFL. Very passionate in its home country, but outside that, no one cares. It would be slightly more interesting if Hearts won the title. It would be the first time outside the Old Firm since 1985.

 

[SM]

It is still supposed to operate as a football club first and foremost

Of course but if anything your point underlines the fact that the profit isn't all going to the owners bleeding the bank account dry, it's sat in the bank account of the club.

Not sure why there's an assumption that any surplus (profit) a club makes goes to the owners as above.

A club like Brighton, for instance, may use that profit to pay down their debt, they may store it up for a rainy day or a future infrastructure development, there's really no downside to a club making profit. There's only potential downsides to a loss.

 

[RossFC]

 

[Frank Bunn]

Doesn't 2. Bundesliga have 18 teams?

 

[SM]

Doesn't 2. Bundesliga have 18 teams?

There's 18 teams in the screenshot.

 

[Frank Bunn]

There's 18 teams in the screenshot.

Ah ok. I didn't click on the link. Carry on!

 

[DBAH0]

Scottish football is a bit like AFL. Very passionate in its home country, but outside that, no one cares. It would be slightly more interesting if Hearts won the title. It would be the first time outside the Old Firm since 1985.

You still get moments like this though.

 

[RPCB]

Mbappe might be the biggest prick in world football.

 

[RossFC]