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4 thoughts on “Nightmare for Nicholson as his past comes back to bite

  1. While I admit to not to have read Celtic’s accounts beyond the fact that they made a £34M profit and that overall profit was down, but where has the £34M gone?
    Regardless of whether player wages went up, writing down player values as contracts tick down, or revaluing assets downward, the club still announced a £34M profit, so regardless of the above where has that money gone?

    We made a profit in the sale of Kuhn, Idah, and other fringe players against players brought in. We did the same in January when Kyogo left and Jot returned. Where has a profit of £34M that we had at the end of June gone?

    Editor: Kuhn and Idah were post 30 June, they will show in the 25/26 accounts alongside the players that Nicholson manages to sell in January.

    1. That was the point I was trying to make.
      To the 30th of June 2024 we had £77M in the bank.
      In thtwo transfer windows after that, summer and winter, we brought in more than we spent, wages may have gone up, we rebuilt Barrowfield, and we had the legacy abuse cases settled, yet we still made £34M, but the odd thing is the overall profit fell a little.
      How can that be.
      Sure, I don’t know a lot about accountancy, however to me if you start a financial year with £77M in the bank and you make £34M profit in that financial year, then how can your overall profit reduce?

      Editor: The full accounts will be published soon including the payments to the ‘executive team’ but there is very little breakdown in Celtic accounts, they don’t reveal first team costs which is critical to UEFA FSR, the much higher overall wage bill is all that they disclose.

  2. Change is now demanded by the Celtic collective fan base,Lawell is the cancer killing the dreams off all supporters,granted he done a great job back in the day but a man who would sacrifice his own son to keep himself in a comfy seat tells me exactly the type of man he is?

    1. I genuinely think Lawwell junior is still running our Football Recruitment programme and that Daddy Lawwell’s jump in income from £40k to £120k for the ‘Ceremonial’ Chairman’s gig is camouflaging junior’s paypoke.

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