29 Sep 2017 15:25:07
See some posts saying the money spent on the hotel complex should go on players, remove the heart guys this is business.

Players are hit and miss with regards a balance sheet, for every Virgil there's a Cifti, there are also tax implications to be considered. This will be actioned as a business expansion and as such we will receive more tax breaks than buying a player. But here's the rub.

When up and running this will, i have no doubt, raise a shed load of cash will will be available to fund player purchases and contracts. This is a highly lucrative and cash flow steady operation.

Finally, the look of the club. The Park, at this minute, looks quite magnificent. The Celtic way is as good an entrance to a ground as i can think of. With the addition of the hotel and other units it will spread us out all over the area around the Park . In short it will be a daily earner all year round.

There is also one factor never to be forgotten or dismissed. GIRUY sevco. They are slipping into light years away from us on and off the pitch. Which is nice.

1.) 29 Sep 2017
29 Sep 2017 17:04:07
Sorry GJ, I usually agree with your posts to a T. But not this time. You say the money available from the hotel will go to fund players. Why? We've had plenty of income from, I don't know, the Champions League? Something which our CEO has said we don't budget ourselves on. Yet when we do get that windfall, we don't see any real, extra, investment in the playing squad. For all the frustration I've vented in the past, it's became pretty clear to me over the past few years that we have a strict business model, and generally speaking we won't digress from it. I really have no hope that this hotel will mean extra quality on the park given that there have already been opportunities like that. Perhaps somebody could correct me, but will this hotel make us an extra £30m a year un-budgeted that the CL already hasn't?

2.) 29 Sep 2017
29 Sep 2017 17:37:37
@jimTim; You have to remember our running costs will be huge, as sevco find out every quarter even the leccy is enormous. I will give you that we may be a bit over cautious at times, partly due to pre Fergus maybe?

As for cash generation from the complex? who knows. I would suspect the hotel will be full every weekend, Jury's premier etc get hundreds virtually every home game. I would think the bars would be full a decent percentage of the time, likewise the Celtic cafe.

But again mate, the image is a big thing in business. We are looking like a proper European club now, even down to the amount of our own youngsters breaking through. All this will enhance, sorry to say it, the brand.

3.) 29 Sep 2017
29 Sep 2017 18:34:48
I wonder what the business model for the Hotel will be. Are we going for the matchday experience with Celtic themed rooms and everything green and white or are we going for a more muted style to appeal to the conference and business sector? Or both? The hotel will be booked full on matchdays but it will have to find alternative clients on other days. I see it as a fantastic upgrade to Celtic Park.

4.) 29 Sep 2017
29 Sep 2017 19:37:37
Hi bhoys, not been on for a while due to being stressed out my nut but must say loving being a Tim just now, don't think it could be any better. The team, manager, coaches and the board reek of class and it's great to see. Get the hotel built if financially viable, make great facilities even better. We can't see into the future but if Mr Lawwell thinks it'll make money and benefit the club he'll build it. On a lighter note, what can I say about Pedro from Ibrokes, the mans a cartoon, the funniest guy I've heard in years. Nearly hoping for a couple of Gers victories to keep him there. Almost!

5.) 29 Sep 2017
29 Sep 2017 22:24:36
Gj. without heart and soul we are nothing that's what makes us support not hotels or a neat and tidy entrance to the stadium . these things are add ons . the team must come first . will a future world class hotel conference centre win us the league? . and though i understand why its being done will it ever make enough to fund a player? someone with hospitality expertise could you educate/ inform me of real financial benefits or is it just window dressing? I'm not against it and it remains to be seen if this will affect team building / spending. but as I said imo the team on the park (and management) should always come first .

6.) 30 Sep 2017
30 Sep 2017 03:52:39
As long as Rodgers is doing as well as he is I won't worry about the team, he's nobody's mug and wouldn't be here if he never trusted the board to back him appropriately.