Celtic banter 37398

 

Use our rumours form to send us celtic transfer rumours.


(single word yields best result)

29 Dec 2017 12:08:38
So I guess there will be plenty like myself having a "snow day" today, unable to get out of the house. (Do NOT get me started on British failure to cope with a wee bit of snow, everything grinds to a blooming halt)
So I wanted to have a debate on our plans for the new hotel and club shop.
Yesterday one "financial expert" on here said way to go was to BORROW MORE MONEY. Yes we will follow Sevco example.
Another called it a "white elephant" Do people not realise when hotel is up and running, it will generate a long term income stream for the club.
I posted yesterday that the Board is in a unique position just now in that we have extra funds coming our way.
Our CL exploits will give club £25m+ and then the Europa League will top this up, even if only the one extra game the club should earn another £5m. Add on the Van Dijk fee let's be modest and say another £5m, this is extra money not budgeted for. IF, Dembele goes either in January or the summer, the club will earn, again let's be modest and say £18m quoted (yes I expect more also) If as expected Shviachenko moves for £2m, the club will be in a really good financial place.
So my reasoning is, why borrow money, totting up more debt, when we have surplus cash to fund transfers, fund our hotel development, fund our youth programme and still have more than enough to run club professionaly, paying all expenses entailed of a big organisation like what we have become.
Over to you guys now on your thoughts.

Agree4 Disagree6

29 Dec 2017 12:56:57
It could be a while before we qualify for champs league again Tim I’m sure the format is changing so we could end up facing the likes of Liverpool and Chelsea in the qualifying rounds so wouldn’t be wise for us to borrow any money against the hope of getting into the champs league I don’t know why anyone was describing the hotel as a white elephant as I can’t see any downside to it on the long run. We still have overheads and player recruitment to think about from all the money aswell but the club shop is worth its weight in gold it’s been going like a fare the last few weeks and always seems to be busy in game days.

29 Dec 2017 13:36:17
It's certainly no white elephant. I was speaking to a mate who works in the hotel trade and she reckons (feel free to correct/ add here) that a 3/ 4 star standard hotel can look to make 10 to 15k a year per room. I don't know how many rooms are planned but keeping it modest like Tim, say 150, plus the bar and restaurant and this could make us 2-3m a year. People might prefer to see the VVD money spent straight on a player but this is a much better investment that would last longer than any player and as Tim says, we don't quite need to borrow to do it.

29 Dec 2017 13:41:56
If we bank all that then we would need to pay top rate of tax on it.

29 Dec 2017 13:41:59
People seem to think it's only Celtic and our fans that will use it which it not true.

29 Dec 2017 14:02:12
I don't think we'll come up against Liverpool or Chelsea Campsiebhoy. They will get an automatic place and the Champions route will still be in place, we could come up against the Champions of Switzerland or Czech Republic and that's why it will be harder, though we could be seeded and miss them.
Timalloy I haven't heard of plans to borrow for the building of the Hotel, however we're in a position where we could easily afford repayments if we did do so, as we have very little debt and it's not as if we need loans to keep the lights on.

29 Dec 2017 14:23:03
A thought the seeded part was being removed isleogreen we could also see about soft loans if nothing else.

29 Dec 2017 14:54:46
Hi Timalloy / JT

In terms of the hotel it is to be a 180 rooms any hotel to run at average at 70 % capacity through out the year how much is an average room for a decent hotel in Glasgow is what £60?

You are looking at a turnover in excess of £2.75million without even factoring in wining/ dining, conferences, weddings etc.

It would be useful to have some debt attached to it because the debt should be self financing and is subject to tax relief but make no doubts about it, it will be a major money spinner

I spoke to Campsiebhoy about this a long while back it is such a shame that Lennoxtown Hospital was not more accessible IMO in the grounds we had, To have don't that up Celtic would have had a hotel in the mould of Cameron House / Skibo castle IMO and the prospect of our team staying there pre any big cup / euro game would have been top notch IMO.

29 Dec 2017 15:28:50
it will be a big empty white elephant slap bang in one of the most deprived areas of europe.

29 Dec 2017 15:38:09
@Jamiebhoy, like you I believe the hotel will be a money spinner. Think of all the Celtic fans who travel from Ireland England Wales (Welsboy lol) who instead of staying in hotels in glasgow city centre would stay at the club hotel. Then I would imagine there will be fans wanting to hold wedding receptions etc there. Celtic could do a package also of tickets for big games plus rooms at the hotel
Outwith Celtic fans, just across the road is the other big indoor stadium, which holds various sporting events and attracts big crowds, surely they would use the hotel also.
I heard also there would be conference facilities, another potential big earner.

29 Dec 2017 16:39:31
There is no way that the hotel will be a money spinner, out with Celtic supporters who would want to stay in and around Celtic Park. Let’s be honest it’s not the nicest of areas.

29 Dec 2017 18:15:22
You also have the Emirates arena close by and I am assuming you would get traffic from that.

29 Dec 2017 19:20:01
Away fans from Europe
People competing at the Emirates
Functions
conferences
Do people really think the club would try this without doing their research first?

29 Dec 2017 20:10:24
Location, location, location.

Who in their right mind would pay 4star prices so far from the city centre in probably the most depressing part of Glasgow? If its going for the £40 a night market then maybe and even then you have additional costs getting anywhere you want to be.

If its 4 star it will die on its arse. Even at £40 a night I wouldn't go out there unless its a game and even then again, stuck out there miles from restaurants and pubs you don't need to fight your way out of.

Nah yer awright.

They have obviously done sums regarding the football market. Unless its cheap then tourists won't touch it.

29 Dec 2017 22:26:53
It's 5 minutes in a taxi or car from the city centre, how would that put anyone off?

29 Dec 2017 23:38:05
A tenner each way. Waiting on a taxi. How many city breaks do you go on where you ask to be located in a mad area that is miles away from anywhere you actually went there to see?

That's the reality.

If it's competing with the travel inns, then you add £20 and the hassle to go somewhere you ain't going to go for a late night stroll, twice.







 

 

 
Log In or Register to post

User
Pass
Remember me

Forgot Pass