From another site

State of the Club, summer 2012

My friends in Celtic, for the first time in four years we start a league campaign as champions. We carry a slender-but-hopeful lead into the second leg of our Champions League third qualifying round tie, and we are hotter favourites to win the league this season, than North Korea’s Supreme Leader’s favourite Pyongyang team would be, if he was to playing as striker.

Quite simply, the return on money placed on Celtic to win the league this season more accurately reflects a tax-free savings plan than a gamble. The bookies will hold your money until March or April then return it with some interest. Your rate of return will directly reflect the interest they can earn elsewhere.

This is the ninth eve-of-the-season we have reported on the state of the club. During this time we have gone toe-to-toe with a competitor who tried so hard to get the better of us, they ran up unsustainable debts, which could reach £134m, and which will never be paid or forgiven.

Celtic ran a better operation, were commercially sharper, had by far the best scouting system in the country, but paid their bills and ‘lost’ five leagues in this time.

Living with this was hard. In fact, it tore the Celtic support apart. The question was simple, “If they can, why can’t we?”
They couldn’t, and now the ideological debate is over. Mantras we have heard for decades have proven to be false. ‘Speculate to accumulate’ and ‘For every fiver Celtic spend….’ were suitable for an inflating market, where player values, TV contracts and match day revenues rose consistently, but this strategy was fatally flawed.

Whatever was accumulated in Scottish football it was never financial reserves, so when revenues dipped, or the vagaries of sporting fortune denied the wealthy their anticipated earnings, Armageddon happened – for one club!

Students of economic history will be able to tell you that even the most obvious economic lessons are eventually forgotten. New people arrive, achieve some early successes which reaffirm their ideological beliefs (in this instance ‘We deserve more money to be spent on footballers’), make no provisions for the inevitable change in circumstances, before disappearing into the obscurity from which they came, leaving others to live with the consequences.

Here is the true State of your Club. Celtic will continue its trajectory without changing what has been orthodoxy since the last century. Over any business period we will spend whatever money comes into the club. In normal times debt levels will trend downwards, providing space for the afflictions of fortune to be accommodated. We will most likely promote more players from our precocious youth system and buy fewer squad fillers than in the past.

The blink-junkies, who still believe in the values of Sir David Murray, will be reminded on these pages of their consequences *.
When this period of our history ends, we will reflect back on what, by then, will be the most successful period of any club, in any country. Ever. Those of you who lived through Lisbon are now enjoying the second Golden Generation of our club, but this time, nine years will not contain it. This Generation will stretch from 2000 as far as your mind’s eye can see, if only someone would coin a catchy phrase to encapsulate this successful period!

The Battle of the Ages is over, Celtic have prevailed, as did every Scottish football fan who wanted the madness to end. We won!
Thanks to everyone who bought a raffle ticket to help with our summer charity causes. Enjoy the season. I will.

*At the moment I’m reading End this Depression Now by Nobel Economics Laureate Paul Krugman, an excellent insight into how even the most eminent allow what they want to believe to obscure some of the lessons every economics under-grad is taught. It’s also a fine retort to the political classes who believe there’s nothing we can do for the economy but strangle it a little tighter.

 

Excellent insight. Football will never learn the lesson of basic economics. SEVCO formerly rfc are in a particularly dark place with regard to this, as their inborn supremacist culture will lead them to continually strive to be our betters. who would have believed on that evening of 25th May 1967 that this would evolve over a period time into a desperate pursuit of our glorious European Cup victory, especially compounded by our achievement as the first non Latin and British club to win the big cup. Rfc could never replicate that and in their attempts to do so, they committed financial suicide. Yet, the symptoms were there almost immediately after our brilliant achievement. Rfc spent relative fortunes, on Stein, McDonald, McCloy, both Smiths, Penman etc etc and so it continued, compounded by the Quality Street Kids, the first management reign of Billy McNeill and so the desperate spending spree continued. Finally, when Martin O'Neill came in and deposed them with ease to lead us to Seville, alarm bells rang and set in place the series of CHEATING YEARS which led to the LIQUIDATION OF RANGERS FOOTBALL CLUB, who have recently been informed by Companies House that they cannot adopt for the NEW CLUB a nomenclature approaching that of the bankrupt club formerly known as Rangers. Of course, it is understandable that self presevation leads the Scottish media to continue the ruse that this is the same club, for if it were to be relocated by BDO forcing the auction of undervalued assets individually, witEh SEVCO consequently noting say Hampden, under the appellation Govan Athletic or whatever, then the hordes who followed rfc will not pursue the new club.
SEVCO will eventually destroy themselves in their failure to realise that one club and one club alone can ever be recorded in history as the FIRST EVER BRITISH CLUB TO WIN THE EUROPEAN CHAMPIONS CUP. Jealousy, envy and sectarian hatred will always lead the Hunnish entity, whatever it be known as to self destruct in pursuit of the impossible.
JOCK YOU ARE IMMORTAL.

 

Over the past 65 years or so different Rangers have went to different lengths to wrestle the throne of the best ever Club side in
Glasgow. In doing so the owners broke law after law both in the ownership and payment to their players and cronies. The last
two owners of Rangers conspired with their accountants and directors to kill the club completely.
Charles Green galloped into Govan ahead of twenty odd investors to build a new club out of the ashes after cremation. !5 or so
of his investors backed off leaving Charles rather bare in the money department. Charles, not to be out done went out of the Country
for two days and spent a week in Greece, studying how to survive without money as the Greeks are completely bankrupt and only days
away from Armageddon. Green hopes to inform the playing staff and others at Ibrox what he learned in Greece before the next pay day
arrives. It appears that as far as the rest of the non-bigoted clubs are in Scotland Sevco couldn't be in better hands.

 

Good post Dev, I`m sure most of us have, at some time, used the saying, "speculate to accumulate" or words to that effect when wanting Celtic to spend money on players. Good job there are smarter people than us running the club.

 

Listened to the clyde 1 phone in there seems sevco fans don't understand the difference between EBT's and Dual contracts. EBT' aren't illegal rangers and celtic both had them the difference between us is rangers also had side contracts that were not registered.

 

It's no surprise, the MSM media (and the Record especially) are being very economical with the truth, the same old same old.

Unfortunately the braindeads who actually read that pile of cack can only understand what they are told by Traynor and his gang, which is usually miles away from the truth of the matter.

EBTs are a convenient distraction, they matter not one iota because as you say it is the dual contracts which are the issue.

You can lead a horse to water...

 

Yeah one caller claimed to have done his research (rangers media, no doubt) and wanted to know why juninho was not being investigated. Made the wrong assumption that a lot of people have being doing that EBT's are dual contracts. Not every rangers player had a side contract and they could in theory only lose 4 titles if they are found guilty.

 

Okay.

“The Thousand Year Reich” has a nice (if naggingly familiar) ring to it.

Or maybe the word “hubris” might more effectively encapsulate the supremacist triumphalism of the sentiment?

Are there none amongst you who find this kind of stuff unpalatable? Not to say uncomfortably close to a We Are The People mentality?

(I’m just saying.)

 

You are probably right, but I took it to be a sly dig at Rangers potentially losing 5 titles to us and giving us 12 in a row.

 

Aha, I see. That went straight over my head, sorry.

Anyway, I just thought it might be a nice idea to lob a grenade in here in preparation for The Big Game tomorrow. Pre-match entertainment, if you will, psyching myself up for battle.

 

You are right of course, get it right up ye sheepshagger

Phew, that's better.

 

I must admit that his book recommendation was wasted on me, Economics? .. pah.

 

If only some Rangers forums had a link to that book 10 years ago.

 

look at the state of timmy sweep sweep sweep....the celtic

way since 1888 yous are fu...cked without the dons bean competitive and yous aw know it ya mhanky shower of cants just answer the question ya
taigy fandan do 85% of the pish stained rhats on here know for a fact that big jock knew or not abotu trobett and yet still dont’ report this to the polis decades later even tho yous are always bangin on about integrity!?!?!?!?!tainted titles tainted, club
sook ma boaby pizza baws


Thanks ever so much for listening, Dev. I’ll work on the terminology and delivery, obviously, so that you don’t feel too disappointed, but now that Celtic fans find themselves deprived of their bitterest rivals I aim to show that life goes on in Scottish football and how, with such priceless banter and rare humour, it’s still possible to fill a much-needed gap in the market.

 

Forgive me for saying so Psycho but given your sessions with Mick on your psychologist's couch, I think you should be more careful with posts such as these as you are in grave danger of driving him over the edge ... revealing your alter ego; that you have a dissociative identity disorder; and are just as much a fruitcake as the rest of us, could do untold damage to his already fragile, evolving, belief system.