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Lennon - we may need to move out players, before signing anyone.

Discussion in 'Transfer Rumours' started by The Thumb, Aug 8, 2019.

Discuss Lennon - we may need to move out players, before signing anyone. in the Transfer Rumours area at TalkCeltic.net.

  1. The Thumb

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    The backtracking begins..
     
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  2. Scotia Gold Member Gold Member

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    THE BATTERED BUNNET on 9TH AUGUST 2019 12:05 PM


    Paul

    I’ve got a bee in my bunnet that’s been buzzing about with increasing energy in recent seasons, and your leader has only agitated it further.


    “…selling your top player for £25m… imagine… how transformational this kind of money is.”


    Celtic closed the year to June 2018 with £42M cash at bank.

    By December Cash and Receivables had increased by a further £7M. In February we received an unbudgeted £9M for the management team.

    While trading results will be loss-making for the year to June 2019 (Europa League versus Champions League), gains on disposal will more than backfill the losses, and cash and liquidity will again be greater year on year. I’ll hazard a guess and say we closed the year to June 2019 with £50M cash at bank.

    We’ve now taken £25M from Arsenal for KT, paid in one immediate instalment, adding further to a historically unprecedented cash levels.

    Even factoring for recent player purchases and staged payments on last seasons purchases, Celtic’s current cash position is largely* equivalent to one entire year of operating cost. And we’ve got a 50:50 chance of getting into the group stages of the Champions League. Were we to do so, the cash position might* exceed the total revenue for the year.

    I’ve been in business in some form or another for 30 odd years, and in all that time I have never known or heard of a business accumulating cash to such an extent over such a long period. Those that have generated surplus cash have returned it to shareholders.

    Beyond the requirements of day to day funding and business risk management, Cash in the bank, of itself, does nothing. It’s inert, dormant. There’s no point to it.

    Cash needs to be applied to the business; it needs to be used, invested to create further growth.

    In Celtic’s case, that means capital projects that increase income, and player acquisitions and wages that drive performance on the pitch.

    We can see some signs of this in terms of the recent fees paid for Edouard and Jullien, but it’s modest in comparison to the accumulating cash.

    I entirely understand the risk inherent in relying on gains from player sales to fund the football budget, but equally I’ll point out that this is exactly the model Ajax apply, the same Ajax you have used as an example in your leader: their operating budget exceeds their revenue, and the budget is (more than) balanced by selling players, despite the risk in any given year that they may not have coveted players to sell.

    In the past 10 years Ajax have generated €277M in gains from player sales, backfilling a trading loss of €148M.

    That Bee in my bunnet is this: £25M from the sale of KT is NOT transformational. Any transformation comes only from using the money, and to date, Celtic have not been inclined to.

    Cash doesn’t win trophies. Players do. What’s the plan for the cash?

    TBB
     
  3. tarboltontim We have nothing to lose but our chains. Gold Member

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    @Scotia good analysis, worth reading
     
  4. SCOTTYBHOY_67

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    Why would we need to move on more players we just got 25 million in ffs same old * better spend half of it at least
     
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  5. Murph-E

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    I like that article, but come on: "Cash doesn’t win trophies. Players do. What’s the plan for the cash?"- seriously? We win every year because we have FAR more cash than everyone else in the league.
     
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  6. paulie walnuts Moderator Moderator Gold Member

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    It’s disgusting.
    The club can’t have it both ways. They can’t say one one hand that we didn’t need to sell KT- it was all him that wanted to leave, and then on the other hand, having pocketed £25 million, say that we need to move players on before we buy.
     
  7. shieldsybhoy

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    Why am i not immediately seeing thousands of concrete transfer rumours from credible sources as soon as i open my PC at work today? Fs come on, Celtic.
     
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  8. Martybhoy87

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    Does anyone think we will spend close to another £10M?
     
  9. scotsbhoy1

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    im hoping he means the likes of Hendry, Eboue and Ralston.
     
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  10. freitassen

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    It is a ridiculous position from a corporative point of view also. Cash in the bank is subject to taxes, inflation, depreciation. It gives a good short term picture in quarterly reports for whoever is in the board getting bonuses. But for the long term success of the company it is a bad idea: well managed companies invest their money. This, if you are talking exclusively from a financial, corporative point of view, not in a business like football where success means something else.

    The idea we have a dichotomy between good results in the pitch and prudent financial management is false. As of today we have neither. What we have is a board of tories that only look after themselves. Even a drunken monkey could fulfill the task of being profitable with the money from +40k season tickets, an international fanbase and all sponsorship deals that come naturally from this, when all you need sportively is winning the scottish league against much poorer teams.
     
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  11. Avatar Daizen The Last Hunskelper Gold Member

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    Lennon asks Lawwell for 5 players:

    Lawwell: "4 players! What do you need 3 players for?"
     
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  12. freitassen

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    Eboue maybe. Who is going to pay for the other two? Only english teams would, scottish teams cannot afford it. Their window has closed and we are stuck with all those guys in the squad.
     
  13. Murph-E

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    hahaha
     
  14. Jeremie Frimpong

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    Celta Vigo are looking to offload him.
     
  15. Peej Gold Member Gold Member

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    Yet more random soundbites.

    Believe it when I see it.

    The early start was good, same as last year with Édouard, but lately it has been dreadful for a window.
    Boli is, well...to be desired.
    Julien barely been seen and elhamed has been a surprise.

    But so much work still to be done.

    Sent from my F8331 using Tapatalk
     
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  16. Keano88

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    Loan deals to Scottish teams or League One in England.
     
  17. Gyp Rosetti Gold Member

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    “Theres 2 coming in for talks but I think 1 has missed his flight, here’s Greg Taylor now smile and be happy Neil.”
     
  18. John Bhoy79 What chance have you got against a tie and a crest

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    Says we have a few positions to fill, which is true, and we'll look to fill them in the next few weeks..........everyone knew KT was for the off, could we not have his replacement already lined up or is that too much like common sense? Same with RB position, not exactly brand new information is it. We got Elhamed fair enough but we still need another. It seems to be a different answer every time Lennon is asked about transfers, 4 in before Nomme Kalju, 1 in for Cluj, we need 5 then we need 3, players will have to go. Doesn't inspire confidence. A less popular manager would be getting pelters by now.
     
  19. Blochairnbhoy

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    5 positions last night down to 2 or 3 today :56::56::56:

    Got to agree

    Morgan
    Kouassi
    Hendry
    Miller
    Ralston

    All need moved on!
     
  20. Blochairnbhoy

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    See every time the @The Thumb starts one of these threads it goes to *!
     
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